Soy Protein Concentrates Market size was valued at USD 1.8 Billion in 2024 and is forecasted to grow at a CAGR of 7.2% from 2026 to 2033, reaching USD 3.3 Billion by 2033.
The global soy protein concentrate market has experienced significant growth, driven by increasing demand for plant based protein sources. In 2024, the market was valued at approximately USD 1,354.2 million, with North America holding the largest share of over 40%, amounting to USD 541.7 million. Europe followed with a market size of USD 406.3 million, representing over 30% of the global revenue. Asia Pacific accounted for around 23% of the market, equating to USD 311.5 million, and is projected to grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031. Latin America and the Middle East & Africa held smaller shares, with market sizes of USD 67.7 million and USD 27.1 million, respectively, in 2024. The Asia Pacific region presents substantial opportunities for market expansion, particularly in countries like China, Japan, and India, where increasing health consciousness and government initiatives promoting soybean cultivation are driving demand. For instance, Chinas market was valued at USD 140.2 million in 2024, with a projected CAGR of 11.2%. Indias market, valued at USD 37.4 million, is expected to grow at a CAGR of 13.5%. In North America, the U.S. market is bolstered by a rising preference for plant based diets and advancements in food technology. Europes growth is driven by consumer awareness of sustainable food sources and the popularity of meat alternatives. Latin America and the Middle East & Africa are also witnessing growth, supported by expanding food processing industries and increasing awareness of plant based nutrition.
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ADM
Solae Company(Danisco
Dupont)
DuPont
IMCOPA
CHS
Cargill
Gushen Biological Technology Group
Linyi Shansong Biological Products
Yuwang Group
Goldensea Industry
Harbin Hi-tech Soybean Food
Scents Holdings
Henan fiber source Biological Engineering
Tianjing Plant Albumen
Shandong Sinoglory Health Food
Shandong Wonderful Industrial Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Soy Protein Concentrates Market
Food and Beverages
Animal Feed
Nutraceuticals
Cosmetics and Personal Care
Pharmaceuticals
Powdered Soy Protein Concentrate
Granulated Soy Protein Concentrate
Isolated Soy Protein
Online Retail
Supermarkets/Hypermarkets
Specialty Stores
Direct Sales
Distributors and Wholesalers
Meat Alternatives
Dairy Alternatives
Protein Supplements
Snack Foods
Baked Goods
Non-GMO Soybeans
Organic Soybeans
Conventional Soybeans
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Soy Protein Concentrates Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Soy Protein Concentrates Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Soy Protein Concentrates Market, By Type
6. Global Soy Protein Concentrates Market, By Application
7. Global Soy Protein Concentrates Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Soy Protein Concentrates Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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