According to a new report published by Allied Market Research, titled, “Soy Protein Isolate Market,” 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. This in turn fosters the growth of soy protein isolate market in terms of value sales during the COVID-19 pandemic.
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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%.
- Region-wise, North America led has the dominating Soy Protein Isolate Market Size in 2021, and is expected to retain its dominance during the forecast period.
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The players operating in the global soy protein isolate market have adopted various developmental strategies to increase their Soy Protein Isolate Market Share, gain profitability, and remain competitive in the market. The key players included in the Soy Protein Isolate Market Analysis are 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, and Wilmar International Limited.
An increase in consumer awareness regarding health consciousness and immunity is encouraging the enclosure of nutritive values in food products. With this trend picking up pace, the frequency of product launches has increased in the food sector. Furthermore, the rise in the number of health issues associated with obesity has encouraged both international organizations and the government to promote the consumption and product of soy protein insulates, which is propelling the market growth.
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