Soy Protein Ingredients Market size to hit $15.5 Bn by 2032

Soy Protein Ingredients Market size is anticipated to reach USD 15.5 billion by 2032, according to a new research report by Global Market Insights Inc.
 

The report reveals that the increasing vegan population and consumption of certified plant-based foods are prominent drivers for soy protein ingredient demand. According to survey data from the Vegetarian Resource Group, flexitarians and vegetarians account for over 18% of the adult population in the U.S. Due to the growing burden of cardiovascular diseases including hypertension, consumer interest has shifted to healthy lifestyles and food habits. These factors will further bolster the consumption of alternative proteins to meats and other animal-based products and consequently escalate soy protein integration in foods and beverages.
 

Increase in healthy food consumption & animal farming to augment soy protein concentrate usage

Based on the product, the soy protein ingredients market from the soy concentrate segment is expected to be worth USD 7 billion by 2032, as a result of the escalating intake of healthy foods and the rise in animal farming investment. In India, for instance, under the Union Budget for the FY2022, the Union Finance Minister allocated over USD 785 million for the Ministry of Fisheries, Animal Husbandry, and Dairying. Since soy protein concentrates can deliver a complete source of protein in pet foods and animal feed, these funding programs are predicted to contribute to product adoption.
 

Non-GMO soy protein to gain preference among celiac disease patients

Soy protein ingredients market from the non-GMO segment is set to depict over 10% CAGR from 2023 to 2032, considering the rising prevalence of celiac diseases. To address specific consumer needs, manufacturers have been introducing soy protein isolates derived from non-GMO soybeans with vegan-friendly and gluten-free attributes. The report further claims that the growing preference for chemical-free and organic ingredients will fuel the intake of non-GMO soy protein ingredients.
 

Acceptance of high-quality diets to boost demand for conventional soy proteins

The market from the conventional nature segment will exceed USD 12 billion by 2032, owing to the acceptance of high-quality protein diets and the escalating number of health-conscious consumers. Compared to organic soy proteins, the conventional counterparts contain less protein and more saturated fats. The report says that the shifting consumer preference toward quality ingredients to reduce health burden may therefore assert a negative influence on the production of conventional soy protein ingredients for meat alternatives and animal feed.
 

Browse key industry insights spread across 740 pages with 1458 market data tables and 47 figures & charts from the report, “Soy Protein Ingredients Market Size, By Product (Concentrates, Isolates, Textured, Flour), By Nature (Organic, Conventional), By Type (GMO, Non-GMO), By Application (Food & beverage {Bakery & Confectionery, Meat Extenders & Alternatives, Dairy Alternatives, Beverages, Infant Nutrition, Nutraceuticals}, Animal Feed {Poultry [Boilers, Layers, Turkey], Aquaculture [Salmon, Trouts, Shrimps], Pork/Swine, Cattle [Dairy, Beef, Calf], Pet [Dog, Cat), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/soy-protein-ingredients-market
 

Increasing usage of whole soybean meals in animal feeds promotes soy protein production

The animal feed applications segment will expand at a CAGR of 9% CAGR through 2032, attributed increased interest in whole soybean meals, especially in organic poultry diets. The number of mega-farms has also surged in regions such as Europe. These factors will bolster the usage of soy protein in pigs, poultry, cattle, and other animal feed as a source of vegetable proteins with less variable chemical compositions. Likewise, the growing consumption of meat alternatives with enhanced nutritional content for use in poultry foods will amplify the development of soy protein ingredients.
 

Cardiovascular disease prevalence to spur food intake with high soy protein content in North America

North America soy protein ingredients market will surpass USD 4 billion by 2032, on account of the improving living standards and the high burden of cardiovascular diseases. As per statistics from the CDC, close to half of the adult population in the U.S. has hypertension. Since soya consumption is associated with blood pressure-lowering effects, this growing disease burden is likely to fuel the market expansion. Furthermore, the increasing knowledge about the significance of product labels will encourage regional manufacturers to use quality plant-based protein ingredients including soy proteins.
 

Innovative product development strategies to influence global industry trends

Some of the leading firms in the soy protein ingredients market include Cargill Inc., Archer-Daniels-Midland Company (ADM), Dupont, Sotexpro, Wilmar International, CHS Inc., Bioway, Farbest Brands, Sonic Biochem, Prinova Group LLC, Chaitanya Chemicals, Batory Foods, and Medix laboratories. These market participants are focusing on strategies such as collaborations, new product developments, partnerships, and acquisitions to increase their customer base and strengthen their presence in the global market.