The “Soy Protein Isolate Market” Size was valued at $2.9 billion in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. Soy proteins are derived from soybean meal, which is defatted and dehulled. Defatted & dehulled soybeans are processed into three types of high-protein commercial products, including soy protein concentrates, soy protein isolates, and soy flours. Vegan diet attracts consumers due to the rise in consumer belief that plant-based protein products have medicinal benefits, such as enhancing immunity power, treating ailments, and mitigating the risk of diabetes, heart attack, and others. Thus, the global health crisis has raised awareness among consumers to opt for vegan diet.
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The infant foods segment offers maximum market potential in the soy protein isolate market, owing to an increase in demand for soy protein isolate across infant foods and readymade and packaged food products. Moreover, the rise in demand for efficient and cost-effective meat alternatives across infants is another key aspect fueling the demand for soy protein isolate across the globe. The use of soy protein isolate in infant foods has witnessed major developments, due to constant growth in per capita disposable income and a rise in demand for soy protein isolate.
Leading Key Players:
AG Processing Inc.
Archer-Daniels-Midland Company
Cargill, Inc.
CHS Inc.
Doves Farm Foods Ltd.
E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health)Kerry Group, Plc.
Kraft Heinz Company
the Kellogg Company
Wilmar International Limited.
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Key findings of the study
- By application, the beverages segment is anticipated to be the fastest growing segment during the Soy Protein Isolate Market Forecast period with the CAGR of 6.6%.
- On the basis of form, the organic segment is anticipated to grow with a fastest CAGR during the forecast period with the CAGR of 6.2%.
- On the basis of end user, the residential segment is likely to be the fastest growing segment during the forecast period with the CAGR of 5.2%.
Related Reports:
Nutraceutical Ingredients Market
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