#Organic Soy Protein Isolates Market Share

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The global organic soy protein isolates market is projected to reach USD 257 million by 2029 from USD 197 million by 2024, at a CAGR of 5.4% during the forecast period in terms of value.

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The global organic soy protein isolates market size, valued at USD 197 million in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 257 million by 2029, indicating a robust compound annual growth rate (CAGR) of 5.4% during the forecast period. 

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Soy Protein Isolate Prices, Price Trend, News, Analytics & Forecast

Soy Protein Isolate Prices: For the Quarter Ending March 2024

Soy protein isolate prices fluctuate due to various factors influencing the soy market, making it crucial for manufacturers and consumers to stay informed about the dynamics driving these changes. One of the primary determinants impacting soy protein isolate prices is the overall supply and demand balance in the global soybean market. Soybeans serve as the raw material for soy protein isolate production, and any disruptions in their supply chain, such as adverse weather conditions affecting harvests or geopolitical tensions affecting trade routes, can directly affect prices. Additionally, shifts in agricultural policies or subsidies in major soy-producing countries like the United States, Brazil, and Argentina can influence production levels and, consequently, prices.

Moreover, market demand plays a significant role in determining soy protein isolate prices. With the rising popularity of plant-based diets and the increasing awareness of the health benefits associated with soy consumption, the demand for soy protein isolate has been steadily growing. This heightened demand can exert upward pressure on prices, especially during periods of tight supply. Conversely, changes in consumer preferences or the emergence of alternative protein sources could dampen demand and lead to price adjustments.

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Furthermore, the cost of production and processing, including expenses related to labor, energy, and technology, directly impacts the final price of soy protein isolate. Innovations in extraction techniques and efficiency improvements in manufacturing processes can help mitigate some of these costs. However, investments in research and development to enhance production methods may also influence prices in the short term.

The pricing of soy protein isolate is also influenced by macroeconomic factors such as currency exchange rates and inflation. Fluctuations in exchange rates can affect the cost of importing or exporting soybeans and soy products, leading to price volatility in domestic markets. Inflationary pressures can similarly impact production costs and transportation expenses, thereby influencing the final price of soy protein isolate.

Additionally, regulatory factors, including food safety standards, labeling requirements, and trade policies, can impact the pricing of soy protein isolate. Compliance with stringent regulations may necessitate investments in quality control measures and certification processes, which can add to production costs and, consequently, prices. Changes in trade policies or tariffs imposed on soy products can also disrupt supply chains and influence pricing dynamics.

Moreover, the competitive landscape within the soy protein isolate market can affect pricing strategies adopted by manufacturers and suppliers. Intense competition among industry players may lead to price wars or promotional offers aimed at gaining market share, which could result in temporary price declines. Conversely, consolidation within the industry or the emergence of dominant players may enable firms to exercise greater pricing power, thereby influencing market prices.

Finally, environmental and sustainability considerations are increasingly shaping consumer preferences and industry practices, which can impact soy protein isolate prices. Sustainable sourcing practices, such as organic farming methods and certifications like Non-GMO Project Verification, may entail higher production costs but could also command premium prices in the market. Similarly, concerns regarding the environmental footprint of soy production, including deforestation and greenhouse gas emissions, may lead to regulatory interventions or consumer activism that could affect pricing dynamics.

In conclusion, soy protein isolate prices are subject to a multitude of factors, including supply and demand dynamics, production costs, macroeconomic conditions, regulatory requirements, competitive forces, and sustainability considerations. Understanding these factors and their interplay is essential for stakeholders in the soy protein isolate market to make informed decisions and effectively navigate price fluctuations. By staying abreast of market developments and adopting strategies to manage risk and optimize value, businesses can mitigate the impact of price volatility and position themselves for success in the dynamic soy protein isolate industry.

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Soy Protein Isolate Market: Global Segments, Top Key Players, Size And Recent Trends By Forecast To 2033

The market for soy protein isolate was predicted to reach US$ 2,987 million in 2022. The market is anticipated to reach US$ 4,152.2 million, growing at a CAGR of 3% from 2023 to 2033 due to shifting customer preferences toward natural food proteins.

Animal welfare is one of the key elements determining consumer preference for soy protein isolate. The demand for plant-based alternatives like soy protein isolate has surged as more people contract food allergies and intolerance. The growing customer knowledge of this product’s benefits and the market’s expansion are both due to the usage of soy protein isolate, which offers several advantages.

Soy isolates are becoming more prevalent in baby food. Soy protein isolate has substantial market potential in infant foods due to an increase in demand for it across newborn feeds, prepared meals, and packaged foods. The rise in demand for practical and economical meat alternatives among infants is a significant element boosting soy protein isolate demand globally.

Major market participants are marketing soy products with organic labeling since these commodities are derived from raw materials like peas, wheat, and soy that are produced using organic farming methods. The demand for organic soy protein isolates is also expected to increase as more consumers become aware of the numerous health advantages of consuming organic goods. This is predicted to offer profitable prospects for the expansion of the worldwide market throughout the forecast period.

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Key Takeaways from the Market Study

Global     soy protein isolate market is expected to be valued at US$ 3106 million by     2023

From     2018 to 2022, the market demand expanded at a CAGR of 2.7%

From     2023 to 2033, the United States market for soy protein isolate is     projected to account for a 25.7% market share.

China     to experience a 3.4% CAGR and India a 4.1% CAGR from 2023 to 2033

By     nature, the conventional segment was estimated to acquire a 78% share in     2022.

By     end use, the meat alternative segment acquired 25% market share in 2022.

“Soy-based diets are becoming more popular as customers believe that soy isolate protein products offer therapeutic advantages such as healing disorders, boosting immunity, and lowering the risk of heart attack, diabetes, and various other diseases.” remarks an FMI analyst.

Competitive Landscape

Prominent players in the soy protein isolate market are:

Archer     Daniels Midland

Cargill     Inc

Fuji     Oil Holdings Inc.

Farbest

  Batory     Food

CHS     Inc.

Crown     Soya Protein Group E.I.

The     Scoular Company

Food     Chem International

Fuji     Oil Holdings Inc.

Nutra     Food Ingredients LLC

Osage     Food Products

Dupont     De Numerous Company

Some key developments of the leading companies in this market are:

Archer     Daniels Midland (ADM) opened a new extrusion factory in Serbia in 2022.     This plant will increase the production of non-GMO granular soy protein.     Their new extrusion factory not only boosts the region’s supply of locally     produced, non-GMO textured soy protein, which is in high demand in Europe,     but it also keeps up with the category’s phenomenal growth in the EMEA     region.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global soy protein isolate market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the soy protein isolate market, the market is segmented on the basis of soy protein isolate by nature (organic and conventional), by form (dry and liquid), by end-use (meat alternatives, bakery, and confectionery, functional foods), by function (nutrients, emulsifier, fat & water absorption, restaurants, other functions) and across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Alternative Protein Market Trends, Size, Share, Business Innovations, Growth Outlook, Solution, Services and Future Prospects by 2032

The globalalternative protein market is forecasted to surge at a CAGR of 18% from 2022 to 2032, expanding to volume sales of 902.3’000 Tons by 2032, compared to volume sales of 172.4’000 Tons in 2022. Alternative protein is gaining prominence in the livestock industry and food & beverage industry owing to the nutrition it provides, Innovations and launches of different proteins is increasing the sales of alternative proteins.

From 2016 to 2021, the global pet snacks and treats market registered a CAGR of 14% by accumulating a market value of US$ 61 Billion in 2021. The COVID-19 pandemic played a key role in increasing the importance of building immunity. Thus, most people invested in organic and clean protein to stay healthy. In addition, demand for meeting dietary requirements of animals is escalating the demand for alternative proteins.

North America, Asia Pacific and Europe are the major contributors to the alternative protein market owing to different reasons. Most people suffer from lactose intolerance or food allergies. Thus, consumers are investing in alternative protein. International players and start-ups are launching different protein products to cater to a larger consumer base.

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Key Takeaways from the Market Study

By source, microbial-based protein is expected to possess 40% market share for alternative protein market in the forecast period 2022-2032.

By application, animal feed is expected to procure 55% market share for alternative proteins

North America is expected to possess 40% of market share for alternative proteins

Asia Pacific is expected to procure 18% market share for alternative proteins

Europe is expected to possess 25% market share for alternative protein market in the assessment period.

“Alternative protein manufacturers are focusing on innovation and sustainability. This has led to production of cleaner and nutritious protein, thus, increasing sales of the same.” states an FMI analyst.

Market Competition

Key players in the global alternative protein industry are Cargill Incorporation, Royal DSM NV, AMCO Proteins, Puris, Axiom Foods, Darling Ingredients, Innovafeed, Lallemand Inc, Hamlet Protein, Archer Daniel Midland Company, AB Mauri, Soja Protein, Ingredion, Ynsect, Angel Yeast, and Calysta Inc.

Cargill Incorporation, a key player has introduced pea protein in the Asia market. The pea protein comprises of non-GMO features and has low allergenic. The protein is highly versatile and can be used in different food preparation.

Royal DSM NV launched CanolaPRO, a plant-based protein source from canola (rapeseed). The protein is gluten-free, non-dairy, Non-GMO and offers a mouthfeel texture.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global alternative protein market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Source (Insect-based, Microbial-based, Plant-based, others) by application (Food & beverages, Cattle, Aquaculture, Animal Feed, Pet food, Equine, Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled in the Alternative Protein Market Industry Survey

Alternative Protein Market by Source:

Insect-based Alternative Protein

Microbial-based Alternative Protein

Bacteria

Yeast

Algae

Fungi

Others

Plant-based Alternative Protein

Soy Protein Isolates

Soy Protein Concentrates

Fermented Soy Protein

Duckweed Protein

Others

Other Alternative Protein Sources

Alternative Protein Market by Application:

Alternative Protein for Food & Beverage

Alternative Protein for Cattle

Alternative Protein for Aquaculture

Alternative Protein for Animal Feed

Alternative Protein for Pet Food

Alternative Protein for Equine

Alternative Protein for Other Applications

Alternative Protein Market by Region:

North America Alternative Protein Market

Latin America Alternative Protein Market

Europe Alternative Protein Market

Asia Pacific Alternative Protein Market

Middle East & Africa Alternative Protein Market

About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global Pea Protein Market Outlook, and Revenue Forecast: Ken Research

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What Is the Size of Global Pea Protein Industry?

Global Pea Protein market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Pea Protein Market is largely driven by rise in the number of vegans, the popularity of plant-based & gluten-free goods, and the nutritional advantages of products made from peas.

The market for pea proteins is predicted to increase as a result of consumers' increased focus on their health and the replacement of traditional meat products like sausages and patties with plant-based alternatives. The market for plant-based proteins is anticipated to develop over the course of the estimated period as the number of vegan and flexitarian consumers rises.

ue to growing consumer awareness of their health, consumption of a diet high in protein content has increased dramatically. Furthermore, due to hectic lifestyles, consumers are forced to look for nutrients in packaged food products because they are unable to regularly consume a nutritionally adequate diet. As a result, producers of packaged foods are adding protein and other nutrient-rich components to food products. The primary causes influencing the adoption of a protein-rich diet are the rising prevalence of chronic illnesses brought on by altered lifestyles.

Pea protein market was impacted by the COVID-19 pandemic outbreak. However, as the market for online food and grocery purchases grew in the middle of the 2020s, these sales quickly rebounded.

Global Pea Protein Market by Type

The Global Pea Protein Market is segmented By Type into isolates, concentrates, textured.

The isolates segment held the largest market share in 2021, due to rising knowledge of the advantages of pea protein isolates and their high protein content.

Isolates are frequently utilized as nutritional supplements in meat products, energy drinks, fruit mixes, and bakery goods because of their excellent emulsification and non-allergic properties.

The high protein content, high emulsification, and stability features of isolates, and expanding application areas such as high-performance nutrition products and snack products are primarily responsible for the growth of the market.

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Global Pea Protein Market by Nature

The Global Pea Protein Market is segmented by Nature into Organic Conventional

Organic segment held the largest market share in 2021, due to growing interest in organic products as a result of the popularity of clean-label products and the expansion of certified organic pea farm production.

Organic pea protein concentrate is made by isolating the protein fraction from the carbohydrate and fiber components of organic pea seeds. Concentrates made from organic pea protein are less processed than isolates.

The need for natural products with fewer chemicals and additives is increasing the trend toward clean-label products, which is fuelling the expansion of the global organic pea protein market.

Global Pea Protein Market by Geography

The Global Pea Protein Market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounted for the largest market share in 2021 of the global pea protein market, the main factors driving the global market are the rising vegan population, the rising demand for health & wellness products, and the rising consumption of processed meat products.

Furthermore, it is anticipated that the availability of grains as sources of protein will decline due to growing grain consumption for bio-based compounds like canola and soy. As a result, pea protein is anticipated to become essential.

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Global Pea Protein Market by Form

The Global Pea Protein market is segmented by Form into Wet Dry.

Dry segment held the largest market share in 2021, primarily due to the low capital requirements, reduced energy and water usage compared to wet, and the significant demand for dry protein components from the food and beverage industry.

During dry processing, whole or dehulled peas are dried, ground, and milled. Protein and starch fractions are then separated depending on mass and various particle sizes using a spiral stream of air. Protein content in products created through dry processing ranges from 50 to 60 weight percent.

By Type

Isolates

Concentrates

Textured

By Nature

Organic

Conventional

By Source

Yellow Spit Pea

Chickpea

Lentils

By Form

Wet

Dry

By Application

Meat Substitutes

Functional Foods

Bakery Products

Beverage

Dietary Supplements

Others

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, Italy, France, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific)

LAMEA (Latin America, Middle East, Africa)

Key Companies

Roquette

Dupont

Glanbia Nutritionals

Ingredion

Scoular

Burcon

Shandong

Axiom

Cosucra

Sotexpro

For more insights on the market intelligence, refer to below link: –           

Global Pea Protein Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

[market-insights-2023]

Global Meat Substitutes Market Segments to 2030

The new assessment focuses on Meat Substitutes Market submitted by the The Brainy Insights organization and considers commercial and basic market designs with recorded and measured market data. Meat Substitutes is anticipated to grow at a stunning CAGR of 11.99%, thereby garnering a revenue of USD 4.17 billion in the 2022-2030 timeframe. This research aims to give global Meat Substitutes market strategic & knowledge insights to assist in making informed investment decisions, decision making, and recognizing potential growth possibilities. The study report gives complex dynamics about the various aspects of the Meat Substitutes market, which assists organizations operating in the market make strategic development decisions. Additionally, the driving factors that are positively impacting the demand for Meat Substitutes market and restricting factors that are hampering the growth of Meat Substitutes market are discussed in detail, coupled with their influences on the Meat Substitutes market. The research delivers insights on the COVID-19 outbreak considering the alteration in customer demand & behaviour, re-routing the supply chain, purchasing patterns, major interventions of governments, and the dynamics of current market forces. This record will comprise all the significant aspects of the Meat Substitutes market, such as pros & cons, competition, openings, technological developments, regional analysis, etc.

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Further, the report provides a visual description of how all the organizations stand relatively based on their global Meat Substitutes market hold, geographic presence, competencies, employee & financial strength, and years of operations. Additionally, the SWOT analysis describes strengths, weaknesses, opportunities/possibilities, and threats that assist in accumulating the entire document with high efficiency & dependence. The report is an in-depth analysis of a wealthy supply of main factors responsible for developing the global Meat Substitutes market. The top-down & bottom-up strategies have been used to validate and estimate the market size of Meat Substitutes industry to evaluate the extent of multiple other dependent submarkets in the overall market.

Moreover, the report customization is done per the requirements of the clients. The study provides an in-depth analysis of each parameter, allowing our users to identify the most likely and perhaps the best trend in the current landscape. The companies are analyzed for both external and internal factors. The internal factors consist of the R&D base, consumer base, labour force, supply chain, market share in specific regions, and availability of technologies. The external factors include laws concerning product approval, per capita income, economic fluctuations, the performance of the industry in specific regions, and various other socio-economic parameters. The global Meat Substitutes market record provides a comprehensive analysis of the growth among segments & provides precise calculations & forecasts for sales by application and type in terms of value & volume.

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Based on the following items' applicability: Soy Protein, Wheat Protein, Pea Protein, Others Sources

The market segment by product type: Concentrates, Isolates, Textured

The geographical portions of the report are as follows: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy and Rest of Europe), Asia Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina, Colombia and Rest of South America), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of the Middle East and Africa)

The study's goal is to identify the following crucial global market participants: Archer Daniels Midland Company, Cargill, CHS INC., DuPont, Ingredion, Kerry, MGP Ingredient, Puris, Roquette Frères, Suedzucker, The Emsland Group

The study report gives penetrations from market positioning & marketing channels to likely growth approaches, providing in-depth analysis for new players or existing contestants worldwide Meat Substitutes industry. The report compromises many graphs and flowcharts that distinctly explain the attractiveness of each segment globally and in various regions. The research document has comprehensively used the figures & numbers with the help of graphical & pictorial representation, which represents extra clarity on the global Meat Substitutes market.

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Soy Protein Market Worth $14.1 Billion by 2029

Meticulous Research®—a leading global market research company, published a research report titled ‘Soy Protein Market by Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein), Crop Type (GMO Crops), Source Process (Conventional, Organic), Form (Solid, Liquid), Application (Food & Beverages, Animal Feed)—Global Forecasts to 2029’.

In terms of value, the soy protein market is projected to reach $14.1 billion by 2029, at a CAGR of 9.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 7,698.9 thousand tons by 2029, at a CAGR of 7.3% from 2022 to 2029. This market is majorly driven by factors such as the increasing awareness about the benefits of protein-rich diets, the rising demand for protein-rich food products, the rising health & wellness trends, the increasing demand for meat alternatives, the rising demand from the food & beverage industry, and advancements in ingredient technologies, such as microencapsulation.

Additionally, an increasing inclination toward vegan diets and emerging economies in Southeast Asia, Latin America, and the Middle East & Africa are expected to provide significant growth opportunities for soy protein manufacturers in the coming years. However, the significant preference for animal-based protein, fluctuating raw material prices, and high demand for soy-free products hinder the growth of this market to some extent.

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The market is segmented based on type, crop type, source process, form, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.

Based on type, the soy protein market is segmented by soy protein concentrates, soy protein isolates, textured soy proteins, and soy flour, grits, and chunks. In 2022, the soy protein concentrates segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to its low cost compared to other proteins, potential health advantages associated with soy protein concentrate, the rising demand from the animal feed sector, increased use of soy protein concentrate in food applications, and an increase in the number of product launches. In addition, the growing demand for soy protein concentrates from the meat and animal feed industries drive the growth of this segment. However, the soy protein isolate segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the high demand for soy protein isolates from food & beverage manufacturers due to their nutritional and functional properties, including high protein content, neutral taste, and high viscosity.

Based on crop type, the soy protein market is segmented into genetically modified organism crops and non-genetically modified organism crops. In 2022, the genetically modified organism crops segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the common use of GMO crops, such as soybean, for plant-based protein production due to their huge productivity and cost-effectiveness. However, the non-genetically modified organism crops segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising trend of consuming non-GMO food products, the rising demand for eco-friendly, natural, and organic food products, and stringent regulations for genetically modified crops in Europe and Asia-Pacific.

Based on source process, the soy protein market is mainly segmented into conventional soy protein ingredients and organic soy protein ingredients. In 2022, the conventional soy protein ingredients segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the wide availability of crops grown through the traditional harvesting method (with the use of chemical fertilizers), easy accessibility to cost-effective conventional soy protein ingredients, the longer shelf life of conventional soy proteins, and wide availability of substantial crop varieties. However, the organic soy protein ingredients segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing demand for preservatives and additive-free products. In addition, the increasing trend of clean-label products, attributed to consumers’ preference for natural products with fewer chemicals and additives, is also driving the growth of this segment.

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Based on form, the soy protein market is mainly segmented into solid and liquid. In 2022, the solid segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the growing demand for powder soy protein, ease of handling and transport, lower costs, lower chances of formulation errors, and their capability to maintain ingredient stability. This segment is also projected to register the highest CAGR during the forecast period.

Based on application, the soy protein market is mainly segmented into food & beverages, animal feed, nutrition & health supplements, and other applications. In 2022, the food & beverages segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the high consumer demand for sustainable products, the growing awareness about the health benefits of consuming soy protein, the rising awareness about the harmful effects of consuming animal-based products and ingredients, the increasing vegan population, and the rising meat prices and clean-label trend. However, the nutrition & health supplements segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the changing lifestyles, growing health & wellness trends, and the increasing prevalence of diseases.

Based on geography, in 2022, North America is expected to account for the largest share of the soy protein market. The major market share of North America is attributed to the well-established food & beverage industry, the rising concerns about the negative effects of animal-derived products and protein, the increasing vegan population, the growing preference for plant-based food products, the increasing demand for healthy & nutritional products, the rising health & wellness trends, and the growing consumer awareness about the health benefits of consuming soy protein.

However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the large vegetarian population, growing awareness about the importance of consuming protein-rich diets, technological advancements in the food & beverage industry, and wide availability of raw materials.

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The key players operating in the soy protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (U.S.), NOW Health Group, Inc. (U.S.), Burcon NutraScience Corporation (Canada), Sotexpro (France), Farbest Brands (U.S.), Wilmar International Limited (Singapore), CHS Inc. (U.S.), and Devansoy Inc. (U.S.).

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Key Questions Answered in the Report-

Which are the high-growth market segments in terms of type, crop type, source process, form, application, and geography?

What is the historical market size for soy protein across the globe?

What are the market forecasts and estimates for the period 2022–2029?

What are the major drivers, restraints, and opportunities in the soy protein market?

Who are the major players in the market, and what are their market shares?

Who are the major players in various countries, and what are their market shares?

What is the competitive landscape for the soy protein market?

What are the recent developments in the soy protein market?

What are the different strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the soy protein market, and how do they compete with other players?

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Isolate Organic Soy Protein Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2028

Isolate Organic Soy Protein Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2028

The Global isolate organic soy protein market focuses on encompassing major statistical evidence for the Global isolate organic soy protein market industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect…

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Organic Pea Protein Market Report 2022 to 2030 By Top Key Players, Types & Applications

The Global Organic Pea Protein Market size was $45 million in 2019, and is projected to grow at a value of more than $97.2 million by 2030, with a CAGR (Compound annual growth rate) of over 8% during 2022to 2030.

The textured pea protein market is made up of companies (organisations, sole proprietors, and partnerships) that sell textured pea proteins that are derived from peas to make high-protein, plant-based meat replacements. It is a naturally soy-free and gluten-free product that complements popular components in a number of applications thanks to its pleasing taste and texture. Textured pea protein is a fantastic substitute for products containing wheat and soy because it is non-GMO and has a low allergenicity.

Split peas are used to extract organic pea protein, which is then processed into a powder. Customers eat it to preserve their heart health and enhance muscle growth. Additionally, it serves as an emulsifier, thickener, and foaming agent, among other functional ingredients utilised in the production of food. It is full of vitamins, carbs, proteins, saponin, phytic acid, polyphenol, minerals, and oxalates and contains all the essential amino acids. The market is primarily driven by rising consumer knowledge of the advantages of organic food for health.

Organic Pea Protein Market: Segmentation Analysis

Organic Pea Protein Market based on type

There are three types of products in this segment:

Isolates

Concentrates

Textured

Hydrolyzed

Isolates segment held a prevailing portion of the overall industry in the year 2021. Pea Protein Isolates are pure vegetarian supplements that are reasonable for vegetarians searching for non-animal source of proteins. Organic pea protein and soy protein isolates are relatively low in fibre and doesn't cause gassiness and swelling, which is impelling the interest for pea protein isolates.

Organic Pea Protein Market based on application

The organic pea protein market application is classified into four segments:

Meat extender and analogs

Snacks and bakery products

Nutritional supplement

Beverages

Other

Nutritional Supplement Segment to Hold Prominent Share of Organic Pea Protein Market. The plant protein market is developing quickly as shoppers tend to move away from animal-based proteins. This shift is driven by rising consciousness of the medical advantages of proteins got from plants, like pea protein, contrasted with those got from meat and dairy sources. Pea protein has high health benefits and absorbability because of the presence of significant degrees of fundamental amino acids.

Organic Pea Protein Market based on form

The organic pea protein market application is classified into two segments:

Dry

Liquid

Dry section held a leading market share in the year 2021. Predominantly, this segmental development can be ascribed towards the vigorous use of dry pea proteins in bread shop and candy parlour sub-section inferable from low capital necessity, water utilization, and lower energy contrasted with wet extraction. Dry processing happens after crushing, drying, and processing entire peas, isolating protein divisions in light of various molecule sizes with a steam of air.

Organic Pea Protein Market based on function:

Texturing

Emulsification

Gelation

Stabilization

Others

Organic Pea Protein Market by distribution channel

Hypermarkets/supermarkets

Specialty stores

Departmental stores

Online Stores

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Top Key Players:-

The Green Labs LLC

The Scoular Company Ltd.

Greenway Organics (Tianjin) Co., Ltd.

Vestkorn, YT (XI’AN) Biochem Co.

Axiom Foods, Inc.

Phyto-Therapy Pty Ltd.

Puris

MaxsunA Industries, Inc.

A&B Ingredients

Bioway (Xi'an) Organic Ingredients Co. Ltd.

Puris Food

AIDP

Shaanxi Fuheng (Fh) Biotechnology

Farbest Brands

The Green Labs

Bioway (Xian) Organic Ingredients

Zelang Group

World Food Processing, L.L.C.

Roquette

Archer-Daniels-Midland Company (ADM)

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Frequently Asked Questions (FAQ):

What are the leading market players active in the organic pea protein market?

What the current trends will influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the market?

What future projections would help in taking further strategic steps?

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[supriyab]

The global organic soy protein isolates market is on a trajectory of significant expansion, with an estimated value projected to reach USD 257 million by 2029 from the 2024 valuation of USD 197 million, displaying a promising Compound Annual Growth Rate (CAGR) of 5.4%.

[ananya5400]

Organic Soy Protein Isolates Market Size, Share, Trend Analysis, Segmentation, and Forecast To 2029

The global organic soy protein isolates market, valued at USD 197 million in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 257 million by 2029, indicating a robust compound annual growth rate (CAGR) of 5.4% during the forecast period. One of the key applications of organic soy protein isolates is in the food and beverage industry, where they are utilized as ingredients in meat alternatives, bakery products, performance nutrition. These soy protein isolates offer a rapid and efficient source of amino acids, facilitating quicker muscle recovery and promoting overall health. The market's versatility and diverse applications underscore the manifold benefits of organic soy protein isolates, making them a sought-after ingredient in various sectors and contributing to the industry's sustained expansion.

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Growth in demand for clean label and sustainable feed products propelling the market for organic soy protein isolates at the highest CAGR.

The demand for organic soy protein isolates in the feed industry continues to grow as the demand for meat products in developed countries increases. The North American and Asia Pacific regions are among the key regions for meat production and are predominant consumers of feed products. While plant-based sources have routinely been utilized in the feed industry, they have been processed and used in a crude protein format. The development of soy protein-based feeds, including isolates, represents the increase in the shift toward high-grade premixes.

FAOSTAT estimates that about 1,000 million tons of animal feed are produced globally every year; this includes 600 million tons of compound feed. More than 80% of this feed is produced by 3,800 feed mills, and 60% of the global total is from 10 countries: the US, China, Brazil, Japan, France, Canada, Mexico, Germany, Spain, and the Netherlands. The importance of nutritional diets for animals is increasing, owing to the demand for high-quality animal products, such as meat, dairy, and other animal byproducts.

The liquid segment within the organic soy protein isolates steering the market's momentum due to its blendability.

Liquid soy protein isolates are gaining popularity due to their suitability for various applications, particularly in beverages and infant nutrition products. Unlike their powdered counterparts, which enjoy high demand, liquid soy protein isolates offer distinct advantages. Their inherent blendability makes them well-suited for incorporation into ready-to-drink (RTD) beverages, where they contribute to the desired nutritional profile and texture. While powdered soy protein ingredients typically dominate the market, the liquid form presents unique advantages, particularly in terms of ease of use and quick integration into formulations. Despite having a shorter shelf life compared to powdered alternatives, liquid soy protein isolates are preferred for their convenience and immediate availability, making them a preferred choice for manufacturers of RTD beverages and similar products.

An article published in Forbes in September 2022 highlighted the surging demand for RTD beverages, which has directly contributed to the increased interest in liquid soy protein ingredients. This trend underscores the importance of liquid soy protein isolates in meeting evolving consumer preferences and industry demands for convenient, nutritionally dense beverage options.

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In Europe, the organic soy protein isolates market witnesses significant advancement as government measures to increase production of plant-based protein.

The European market for organic soy protein isolates is divided into applications for both food and feed. The rise of product manufacturers and the acceptance of plant-based protein alternatives have spurred a surge in product introductions across the region.

Moreover, there has been a remarkable increase in veganism within the country, representing a substantial portion of the population. This shift is driven by escalating concerns about sustainability and a heightened emphasis on maintaining good health practices. The growing adoption of veganism and the move away from animal-derived meat offer significant business prospects for companies involved in the organic soy protein industry.

The French government has implemented various strategies to bolster and expand the production of plant-based protein, including organic soy, within the country. This involves collaborating with international counterparts and earmarking substantial funds to enhance domestic production capabilities of plant-based protein. In September 2020, the French government unveiled plans to invest USD 11.85 billion to enhance the country's production of plant-based protein, specifically organic soy.

The key players in the market are ADM (US), The Scoular Group (US), Xinrui Group (China), Shandong Saigao Group Corporation (China), Taj Agro international (Taj Pharma Group) (India).

[foodsindustry]

Soy Protein Ingredients Market Business Opportunities Ensure to Leading Key Players and Forecast 2028

Market Highlights

The global Soy protein ingredients Industry is projected to be valued at USD 13.55 billion by 2028, recording a CAGR of 7.45% during the forecast period. The growth of the soy protein ingredients market is anticipated to be driven by several factors during the forecast period. One of the key factors is the rising prevalence of lactose intolerance among consumers. The growing adoption of plant-protein ingredients among the food & beverages manufacturers, followed by a shift in consumer preference toward organic ingredients, has created new opportunities for soy protein ingredient manufacturers. However, the allergen reaction associated with soy is restraining the growth of the market.

COVID-19 caused a sudden increase in demand for plant-based substitutes across the globe. Amidst the outbreak of the pandemic, many slaughterhouses have shut down. For instance, one of the largest meat producers, Tyson Foods, shut down two of its biggest pork plants in the US. Other competitors are facing similar scenarios. This has resulted in a gradual shift in demand for plant-based ingredients. The demand for plant-based food products is increasing at an exponential rate. In some regions, the demand is anticipated to reach the triple-digit growth rate. However, this growth rate is anticipated to be only temporary during the global pandemic crisis. Many plant-based food manufacturers and soy protein ingredients processors are seeing this global crisis as an opportunity to popularize plant-based foods across the globe. The rising awareness among individuals regarding the growth of harmful diseases from the wet markets is certainly anticipated to make a dent in red meat consumption and surge the demand for plant-based food, which is fueling the growth of the global soy protein ingredients market.

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Key Players:

Market Research Future has recognized Archer Daniels Midland Company (US), DuPont (US), Cargill Incorporated (US), Wilmar International Limited (Singapore), The Nisshin OilliO Group, Ltd (Japan), CHS Inc. (US), Devan soy Inc. (US), Ag Processing Inc. (US), Ruchi Soya Industries Limited (India), Natural Products, Inc. (US), BIC Services (Netherlands), Gushen Biological Technology Group Co., Ltd (China), Partner-M (Russia), Sonic Biochem (India), and International Flavors & Fragrances Inc. (US)as the key market players.

 Segmental Analysis

The global soy protein ingredients market has been segmented based on type, application, and region.

Based on type, the global soy protein ingredients market has been segmented as soy protein concentrates, soy protein is olates, soy flours, and others. Soy protein concentrates are further divided into powder and textured soy concentrate. The soy protein concentrates segment accounted for the largest market share of 40.97% in 2020, whereas the soy protein isolates segment is expected to exhibit the highest CAGR of 5.10% during the review period. The most refined forms of soybean proteins, isolates, contain 90% or more protein. Soy protein isolate is a dietary protein isolated from soybeans that contain isoflavone phytoestrogens. Soy protein isolate is majorly used as an ingredient in various packaged foods, including protein bars, bread and baked goods, soups, and sauces.

Based on application, the global soy protein ingredients market has been segmented into food & beverages, feed, and pharmaceuticals & nutraceuticals. The food & beverages segment is segmented into bakery & confectionery, meat alternatives, meat products, functional foods, dairy replacement products, infant nutrition, and others.

The feed segment is further segmented into animal feed, pet food, and aqua feed. The food & beverages segment accounted for the major market share of 67.33% in 2020, whereas the feed segment is expected to record the highest CAGR of 4.65% during the forecast period. Soy protein ingredients, especially soy protein concentrates and soy protein isolates, are an excellent source of easily digestible amino acids. They are ideal for pet food, animal feed, and aqua feed, where protein quality and nutritional value are important. Soy protein concentrate was mainly considered for animal feed. However, the abundance of soy protein isolates, mainly of Asian origin, has prompted many manufacturers to consider the ingredient for specialty feed, such as milk replacers, piglet feeds, and broiler pre-starters.

The increasing demand for plant protein sources in animal feed is driving the growth of the segment. The growth of the feed industry is also directly impacting the consumption of soy protein ingredients in animal feed. Also, in fish, 40-100% of fishmeal can be replaced by soy protein concentrate as they are a good protein source for aquafeeds. The increasing adoption of pets globally leading to innovation in the pet food industry with high plant-sourced protein, driving the sales of soy protein ingredients in the pet food industry. Soy protein ingredients are economical, which has also led to their widespread use in feed products.

 Regional Analysis

Geographically, the global soy protein ingredients market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, North America constituted a dominant share of the soy protein ingredients market in 2020. Expanding the product portfolio of meat substitutes by the food processors is a significant factor for the rising growth of soy protein ingredients in the region. The US was the largest country-level market 81.42% share and was valued at USD 2,366.07 million in 2020.The demand for soy protein ingredients in the region is growing at an exponential rate.

 Key Findings of the Study:

The global soy protein ingredients market is projected to register a growth rate of 4.56% from 2021 to 2028.

The soy protein concentrates segment is estimated to retain its prominent share till 2028, whereas the soy protein isolates segment is predicted to record the highest CAGR of 5.10% during the forecast period.

The food & beverages segment accounted for the largest market share in 2020 and is expected to grow at the highest rate of 4.53% during the forecast period, whereas the feed segment is projected to record the highest CAGR of 4.65% during the forecast period.

[numberonepeacetragedy]

Soy protein ingredients Market Outlook and Opportunities in Grooming Regions with Forecast 2028: MRFR

Market Highlights

The global soy protein ingredients market size is projected to be valued at USD 13.55 billion by 2028, recording a CAGR of 7.45% during the forecast period.The growth of the soy protein ingredients market size is anticipated to be driven by several factors during the forecast period. One of the key factors is the rising prevalence of lactose intolerance among consumers. The growing adoption of plant-protein ingredients among the food & beverages manufacturers, followed by a shift in consumer preference toward organic ingredients, has created new opportunities for soy protein ingredient manufacturers. However, the allergen reaction associated with soy is restraining the growth of the market.

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COVID-19 caused a sudden increase in demand for plant-based substitutes across the globe. Amidst the outbreak of the pandemic, many slaughterhouses have shut down. For instance, one of the largest meat producers, Tyson Foods, shut down two of its biggest pork plants in the US. Other competitors are facing similar scenarios. This has resulted in a gradual shift in demand for plant-based ingredients. The demand for plant-based food products is increasing at an exponential rate. In some regions, the demand is anticipated to reach the triple-digit growth rate. However, this growth rate is anticipated to be only temporary during the global pandemic crisis. Many plant-based food manufacturers and soy protein ingredients processors are seeing this global crisis as an opportunity to popularize plant-based foods across the globe. The rising awareness among individuals regarding the growth of harmful diseases from the wet markets is certainly anticipated to make a dent in red meat consumption and surge the demand for plant-based food, which is fueling the growth of the global soy protein ingredients market size.

Segmental Analysis

The global soy protein ingredients market size has been segmented based ontype, application, and region.

Based on type, the global soy protein ingredients market size has been segmented as soy protein concentrates, soy protein is olates, soy flours, and others. Soy protein concentrates arefurther divided into powder and textured soy concentrate. The soy protein concentrates segment accounted for the largest market share of 40.97% in 2020,whereas the soy protein isolates segment is expected to exhibit the highest CAGR of 5.10% during the review period.The most refined forms of soybean proteins, isolates, contain 90% or more protein. Soy protein isolate is a dietary protein isolated from soybeans that contain isoflavone phytoestrogens. Soy protein isolate is majorly used as an ingredient in various packaged foods, including protein bars, bread and baked goods, soups, and sauces.

Based on application, the global soy protein ingredients market size has been segmented into food & beverages, feed, and pharmaceuticals & nutraceuticals. The food & beverages segment is segmented into bakery & confectionery, meat alternatives, meat products, functional foods, dairy replacement products, infant nutrition, and others. The feed segment is further segmented into animal feed, pet food, and aqua feed. The food & beverages segment accounted for the major market share of 67.33% in 2020, whereas the feedsegment is expected to recordthe highest CAGR of 4.65% during the forecast period. Soy protein ingredients, especially soy protein concentrates and soy protein isolates, are an excellent source of easily digestible amino acids. They are ideal for pet food, animal feed, and aqua feed, where protein quality and nutritional value are important. Soy protein concentrate was mainly considered for animal feed. However, the abundance of soy protein isolates, mainly of Asian origin, has prompted many manufacturers to consider the ingredient forspecialty feed, such as milk replacers, piglet feeds, and broiler pre-starters. The increasing demand for plant protein sources in animal feed is driving the growth of the segment. The growth of the feed industry is also directly impacting the consumption of soy protein ingredients in animal feed. Also, in fish, 40-100% of fishmeal can be replaced by soy protein concentrate as they are a good protein source for aquafeeds. The increasing adoption of pets globally leading to innovation in the pet food industry with high plant-sourced protein, driving the sales of soy protein ingredients in the pet food industry. Soy protein ingredients are economical, which has also led to their widespread use in feed products.

Regional Analysis

Geographically, the global soy protein ingredients market size has been categorized as North America,Europe, Asia-Pacific,South America, and the Middle East & Africa. As per MRFR analysis, North America constituted a dominant share of the soy protein ingredients market size in 2020. Expanding the product portfolio of meat substitutes by the food processors is a significant factor for the rising growth of soy protein ingredients in the region. The US was the largest country-level market 81.42% share and was valued at USD 2,366.07 million in 2020.The demand for soy protein ingredients in the region is growing at an exponential rate.

Key Findings of the Study:

The global soy protein ingredients market size is projected to register a growth rate of 4.56%from 2021 to 2028.

The soy protein concentrates segment is estimated to retain its prominent share till2028,whereas the soy protein isolates segment is predictedtorecordthe highestCAGR of 5.10% during the forecast period.

The food & beverages segment accounted for the largest market share in 2020 and is expected to grow at the highest rate of 4.53% during the forecast period,whereas the feedsegment is projected to recordthe highestCAGR of 4.65% during the forecast period.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

[bitchyphilosopherprince]

Global Meat Substitutes Market Analysis, Application & Forecast to 2021-2027

Bharat Book Bureau Provides the Trending Market Research Report on “Meat Substitutes Market by Source (Soy Protein, Wheat Protein, Pea Protein, and Other Sources), Product (Tofu, Tempeh, Seitan, Quorn, and Other Products), Type (Textured, Concentrates, and Isolates), Form, Category, and Region - Global Forecast to 2027 “ under Food & Beverage Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The Meat Substitutes Market is estimated to be valued at USD 1.9 billion in 2021 and is projected to reach USD 4.0 billion by 2027, recording a CAGR of 13.5%, in terms of value. The market is primarily driven by factors such as increasing health-consciousness among consumers and rise in consumption of plant-based foods. North America region accounted for the market share in the meat substitutes market owing to the rising investments and consumers demand for vegan products in the region. However, one of the restraining factors in the growth of meat substitutes market is the high production cost of meat substitute products.

“By product, the tempeh segment is projected to account for the second-largest market share in the market during the forecast period.” Based on product, the tempeh segment is projected to account for the second-largest market share in the market during the forecast period. Tempeh is an excellent substitute for ground beef. There are numerous health benefits offered by tempeh. For example, it helps in increasing the antibodies and decreasing the sugar levels, which reduces the risk of diabetes. It also helps in lowering cholesterol levels, which helps in reducing the risk of heart diseases.

“By source, the soy segment is estimated to account for the largest share.” The soy segment of the meat substitutes is dominating the market. Soy protein has been one of the most preferred ingredients for imparting the meat texture in the final product. Soy is majorly used as a textured protein in the market, rather than being used as an isolate or concentrate. Also, it is the cheapest plant-based source available in the global market.

“The Asia Pacific region is projected to grow at the highest CAGR during the forecast period” Asia Pacific region is projected to be the fastest-growing market for the period considered for this study. The key factors driving growth in the Asia Pacific region include health benefits, animal welfare, environment safety, cost affordability, and the growing variety of plant-based meat products. The awareness through global animal welfare organizations, such as People for the Ethical Treatment for Animals (PETA), has led to people considering a meat-free diet.

The meat substitutes market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).

Break-up of Primaries -By Company Type: Tier 1 – 30%, Tier 2 – 25% and Tier 3 – 45% -By Designation: Manager- 25%, CXOs– 30%, and Executives – 45% -By Region: Asia Pacific – 40%, Europe - 32%, North America- 18%, and RoW- 10%

Leading players profiled in this report include the following: •DuPont (US) •ADM (US) •Kerry Group (Ireland) •Ingredion Incorporated (US) •Roquette Frères (France) •PURIS (US) •Cargill (US) •Axiom Foods (US) •Sonic Biochem Ltd (India) •Crespel & Deiters (Germany) •Wilmar International Limited (Singapore) •Sotexpro S.A (France) •The Nisshin OilliO Group, Ltd (Japan) •A&B Ingredients (Canada) •Batory Foods (US) •All Organic Treasures GMBH (Germany) •The Green Labs LLC (US) •Shandong Jianyuan Group (China) •ET Chem (China) •Beneo (Germany)

Research Coverage This report segments the meat substitutes market on the basis of product, source, type, form, category, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the meat substitutes market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to buy this report •To get a comprehensive overview of the meat substitutes market •To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them •To gain insights about the major countries/regions, in which the meat substitutes market is flourishing

Browse our full report with Table of Content : https://www.bharatbook.com/report/864960/meat-substitutes-market-by-source-soy-protein-wheat-protein-pea-protein-and-other-sources-product-tofu-tempeh-seitan-quorn-and-other-products-type-textured-concentrates-and-isolates-form-category-and-region-global-forecast-to

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[instanttimetravelnut]

Demand Scenario of Soybean By-products Market to Reveal Positive Outlook Through 2031:Persistence Market Research

As per a new market study by Persistence Market Research, the global soybean by-products market is set to witness acceleration at a CAGR of 6% and close in on a valuation of US$ 278 Bn by 2031.

Soybeans can be processed into a variety of useful, adaptable, and functional culinary ingredients. Crude and degummed soybeans are refined, filtered, and decolorized to remove any free fatty acids, soaps, and residual gums before using them in food applications. Decolorized oil has a variety of applications in salad dressings, shortenings and margarine, biscuits, cookies, bread, chocolate products, candy coating, and a few other low-temperature uses. The white flakes left over from the oil extraction process are further processed to make soy isolates and concentrates.

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These isolates and concentrates have different functional properties such as emulsifying, water-binding, and tailored gelling. Soybean flour is also an important ingredient that is widely used in bakery products as a functional component as well as a source of protein.

Last but not least, increasing veganism and preference for organic products among consumers are providing growth opportunities to market players. As such, manufacturers are looking at different ways to increase their sales and profit margins across geographies.

In May 2016, Adani Wilmar diversified its business into the food and value-added edible oil market in Asia Pacific, including China and Malaysia, due to increasing demand for high-quality food products driven by population growth in the region.

Thai Vegetable Oil Public Company Limited announced a new innovative project named Nano Neutralization for soy products in 2018. Under this project, the company adjusted the production technology of full-fat soy products. This project helped the company in reducing the use of chemicals in the production process.

Key Takeaways from Market Study

The soybean by-products market in North America and South Asia is expected to expand at CAGRs of 5% and 6.7%, respectively, through 2031.

However, Europe and East Asia dominate the market with a share of 28.2% and 20.5%, respectively.

Sales of soybean by-products in the foodservice industry is currently valued at US$ 23.5 Bn.

One of the key contributing factors for market growth is growing importance of plant-based food ingredients in the food processing industry.

The U.S. and India hold significant shares in North America and South Asia, respectively.

Major demanding country for soybean by-products is China, set to top US$ 40 Bn valuation by 2031.

Market growth was set back due to the Covid-19 pandemic. However, increasing demand plant-based food products will drive expansion over the coming years.

“Soybean by-products are gaining popularity in animal feed, food processing, and food service industries, as they offer many nutritional benefits. Rising demand for plant-based food products will offer lucrative opportunities to manufacturers of soybean by-products,” says a Persistence Market Research analyst.

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Competitive Landscape

Manufacturers of soybean by-products are expected to invest in mergers and acquisitions to expand their product range. They are continuously putting efforts into increasing sales across different end-use industries by investing in research & development programs.

In 2021, Archer Daniels Midland Company acquired Sojaprotein, which expanded its production capacity and enhanced its capabilities to meet growing customer demand. The company has benefitted from the wide range of non-GMO soy products of Sojaprotein and expanded its regional presence.

In 2018, Owensboro Grain Company announced a new plant to produce soy-based wax that can be used to make candles. The objective of this new plant is to help the company diversify into new markets. The new plant has the capacity to produce 150 million pounds of wax a year.

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global soybean by-products market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.

The study offers compelling insights on the basis of nature (organic and conventional), type (soybean oil, oilcake, and lecithin), and end use (food processing industry, foodservice industry, animal feed industry, retail/household, and others), across seven major regions of the world.

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