Plant Soy Protein Market size was valued at USD 1.03 Billion in 2024 and is projected to reach USD 1.68 Billion by 2033, exhibiting a CAGR of 6.2% from 2026 to 2033.
The global plant soy protein market was valued at approximately USD 8.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. This growth is driven by increasing consumer demand for plant based proteins, the growing adoption of vegan and vegetarian diets, and heightened awareness of the environmental impact of animal based protein sources. The market is expected to reach around USD 18.5 billion by the end of the forecast period. Factors such as the rising prevalence of lactose intolerance and the health benefits associated with plant based proteins are further propelling the market expansion across various regions.
Regionally, North America holds a significant share of the plant soy protein market, contributing to nearly 35% of the global market value in 2022, driven by a high adoption rate of plant based diets in countries such as the U.S. and Canada. Europe is another key region, expected to grow at a CAGR of 9.0% during the forecast period, with the increasing demand for sustainable and protein rich food products. The Asia Pacific region is anticipated to witness the highest growth rate, with a CAGR of 9.5%, due to the expanding plant based food industry, particularly in countries like China and India. Latin America and the Middle East & Africa are also seeing growing demand, with a focus on healthier and environmentally friendly alternatives to traditional animal proteins.
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Archer Daniels Midland
Cargill
DuPont
Kerry Group
Glico Nutrition
Gushen Group
CHS
Scents Holdings
Goldensea Industry
Sojaprotein
Archer Daniels Midland
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 Plant Soy Protein Market
Soy Protein Isolate
Soy Protein Concentrate
Textured Soy Protein
Food & Beverages
Animal Feed
Personal Care & Cosmetics
Non-GMO Soy Protein
GMO Soy Protein
Powder
Granules
Flakes
Food Manufacturers
Animal Feed Manufacturers
Cosmetic Manufacturers
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 Plant Soy Protein 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 Plant Soy Protein Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant Soy Protein Market, By Type
6. Global Plant Soy Protein Market, By Application
7. Global Plant Soy Protein Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Plant Soy Protein Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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