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Soy Protein Market Industry, Growth, Trends, Price, Report & Forecast 2019-2024

  • Writer: Matt Johnson
    Matt Johnson
  • Nov 1, 2019
  • 3 min read

The global soy protein market attained nearly USD 6.82 billion in 2018The market is expected to witness a healthy growth in the coming years and is projected to grow at a CAGR of 7.2% in the forecast period of 2019-2024.



Competitive Landscape & Supplier Analysis:


1. Archer Daniels Midland Company (NYSE: ADM) 2. Ingredion (NYSE: INGR) 3. Dupont (NYSE: DD) 4. Cargill Incorporated 5. Wilmar International Limited (OTCMKTS: WLMIY) 6. CHS Inc.(NASDAQ: CHSCP) 7. Others


North America is the leading market for plant-based protein, accounting for nearly 45% of the global industry. The US is the major market in the region. In the US, soy protein was the most popular protein used in plant-based protein beverages. It accounted for 33% of plant-based protein beverage launches in the US between 2013 to 2017, followed by pea and rice protein. North America is followed by Europe and Asia as the other major markets for plant-based proteins, which together account for over half the global soy protein market.



The demand for soybean is pervasive across temperate and tropical regions and is a globally traded commodity as it is a significant source of vegetable oil and protein. The Americas, together, account for almost 90% of the total production of soybean, globally. The United States, Brazil, and Argentina are the major producers of soybean. China is also a significant producer of soybean globally and is also a leading importer of the commodity. However, the country is expanding its soybean output to reduce dependency on import. In the crop year 2019/20, the country’s output of the commodity is expected to grow by 7.9% as compared to the previous year and is estimated to cross 17 million tonnes for the first time since 2004/05.


1 Preface 2 Research Methodology 3 Executive Summary 3.1 Market Overview 3.2 Key Demand Drivers 3.3 Key Players 3.4 Supply Market Changes 4 Global Soy Protein Market Overview 4.1 Global Soy Protein Market Analysis 4.1.1 Figure: Global Soy Protein Historical Market (2014-2018) & Forecast (2019-2024) 4.1.2 Chart: Global Soy Protein Market Breakup by Type 4.1.2.1 Isolate 4.1.2.2 Concentrate 4.1.2.3 Soy Protein Flour 4.1.2.4 Others 4.1.3 Figure: Global Soy Protein Market Breakup by Product Type: Historical Market (2014-2018) & Forecast (2019-2024) 4.1.3.1 Isolate 4.1.3.2 Concentrate 4.1.3.3 Soy Protein Flour 4.1.3.4 Others 4.1.4 Chart: Global Soy Protein Market Breakup by Application 4.1.4.1 Bakery and Confectionery 4.1.4.2 Functional Foods 4.1.4.3 Pharmaceuticals 4.1.4.4 Meat Additives 4.1.4.5 Feed 4.1.4.6 Others 4.1.5 Figure: Global Soy Protein Market Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024) 4.1.5.1 Bakery and Confectionery 4.1.5.2 Functional Foods 4.1.5.3 Pharmaceuticals 4.1.5.4 Meat Additives 4.1.5.5 Feed 4.1.5.6 Others 4.1.6 Chart: Global Soy Protein Market Breakup by Region 4.1.6.1 North America 4.1.6.2 Europe 4.1.6.3 Asia Pacific 4.1.6.4 LATAM 4.1.6.5 Middle East and Africa 4.1.7 Figure: Global Soy Protein Market Breakup by Region: Historical Market (2014-2018) & Forecast (2019-2024) 4.1.7.1 North America 4.1.7.2 Europe 4.1.7.3 Asia Pacific 4.1.7.4 LATAM 4.1.7.5 Middle East and Africa 4.2 SWOT Analysis 4.2.1 Overview 4.2.2 Strengths 4.2.3 Weaknesses 4.2.4 Opportunities 4.2.5 Threats 4.3 Value Chain Analysis 4.4 Porter’s Five Forces Analysis 4.4.1 Overview 4.4.2 Buyer’s Power 4.4.3 Supplier’s Power 4.4.4 New Entrants 4.4.5 Degree of Rivalry 4.4.6 Substitutes 4.5 Global Soy Protein Price Analysis 4.5.1 North America Soy Protein Historical Price Trends (2014-2018) & Forecast (2019- 2024) 4.5.2 Europe Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024) 4.5.3 Asia Pacific Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024) 4.5.4 LATAM Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024) 4.5.5 Middle East & Africa Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024) 5 Manufacturing Process 5.1 Detailed Process Flow 5.2 Operations Involved 5.3 Mass Balance


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