Bharat Book Bureau Provides the Trending Market Research Report on “Global Soy Protein Market Report and Forecast 2023-2028” under Food & Beverage Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

The global soy protein market attained a value of USD 11135.9 million in 2022. Aided by the rising demand for plant-based protein sources and increasing health consciousness among consumers, the market is expected to grow at a CAGR of 6.2% between 2023 and 2028 to reach a value of USD 16755.68 million by 2028.

Soy protein is a plant-based protein extracted from soybeans, which is available in various forms such as concentrates, isolates, and textured soy protein. Soy protein is considered a complete protein, containing all the essential amino acids needed for the human body. It is extensively utilised in the food and beverage sector as well as in animal feed because of its high nutritional value, low fat content, and cholesterol-free qualities.

The global soy protein market is experiencing significant growth owing to the increasing preference for plant-based protein sources among consumers. This shift in preference is driven by the growing awareness of the health benefits associated with plant-based proteins, such as lower risk of heart diseases, improved weight management, and reduced environmental impact.

Furthermore, the increasing demand for alternative protein sources in the food and beverage industry has propelled the global soy protein market growth. Soy protein is utilised in various food products such as meat substitutes, dairy alternatives, protein bars, and shakes, catering to the needs of vegetarian and vegan consumers. Additionally, the use of soy protein in animal feed, especially in aquaculture and poultry sectors, has also contributed to the soy protein market.

Health-conscious consumers are increasingly seeking products with high protein content to maintain a balanced diet and improve their overall well-being. This has led to the rising demand for soy protein, as it is considered an excellent source of protein, containing all essential amino acids with low-fat and cholesterol-free properties. Moreover, the growing interest in sports nutrition and the adoption of active lifestyles has further fuelled the demand for soy protein-based products, thus supporting the soy protein market expansion.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

•Isolate

•Concentrate

•Textured Soy Protein

Market Breakup by Application

•Bakery and Confectionery

•Functional Foods

•Pharmaceuticals

•Meat Additives

•Feed

•Others

Market Breakup by Region

•North America

•Europe

•Asia Pacific

•Latin America

•Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global biochar companies. Some of the major key players explored in the report are as follows:

•Cargill, Incorporated

•Wilmar International Limited

•CHS Inc.

•Nutrition & Biosciences

•Archer Daniels Midland Company

•Others

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