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Organic Soya Protein Market

Organic Soya Protein Market Size, Share & Trends Analysis Report By type (Soy Protein Concentrates, Soy Protein Flour, Soy Protein Isolates And Others), Application (Functional Foods, Infant Formula, Bakery & Confectionery, Meat Alternatives, Dairy Alternatives) And Form (Dry Form And Liquid Form), By Region, And Segment Forecasts, 2024-2031

Report ID : 1625 | Published : 2024-06-11 | Pages: 160 | Format: PDF/EXCEL

The Global Organic Soya Protein Market Size is valued at 632.30 million in 2023 and is predicted to reach 1603.67 million by the year 2031 at an 12.37% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The growing preference of consumers for plant-based and organic products is driving the organic soya protein market.
  • Growing need for foods high in protein is driving the organic soya protein market.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • The perception of organic products being expensive compared to conventional counterparts is a challenge for organic soya protein market. 

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One of the finest alternatives to animal and meat proteins is soy protein. A vital component in boosting food's nutritional content and performance is protein. Increased doctor prescriptions fuel the demand for organic soy proteins for clean food and customer knowledge of the negative impacts of ingesting unhealthy foods. This market will expand during the term as customers switch more and more from meat to soy products. Customers who are low in carbohydrates and unable to eat milk and milk products also drive-up demand for these products.

Furthermore, the primary driver of the expansion of the organic soy protein industry is substituting traditional dairy and meat products with soy products. Another factor influencing the demand for organic soy protein is health-conscious consumers' growing acceptance of organic food.

In addition to witnessing unheard-of market expansion, organic soy protein competes with non-organic soya foods and other organic soybean goods like flax and sesame. Additionally, some people have allergies to soy or a lot of protein. These two criteria constrain the market for organic soy protein.

Demand for utilization in food and beverage, nutrition, and functional food applications has surged, driving the market. Due to its functional qualities, soy protein is employed more frequently as a powerful dietary ingredient in formulated foods. However, the advent of non-organic soy protein, which is even less expensive, poses a challenge to the market. This will limit the market's expansion. People are choosing prevention over treatment as they become more aware of the unfavorable effects of modern living. 

Recent Developments:

  • In May 2021- The major manufacturer and distributor of plant-based protein powder, NOW Health Group, embraced the direct-to-consumer model and provided soy protein isolate powder in a variety of flavours to customers. The business has utilized several direct-to-consumer (D2C) channels, such as internet shopping and specialty shops.

Competitive Landscape:

Some of the major key players in the organic soya protein market are:

  • Harvest Innovations (U.S.)
  • World Food Processing (U.S)
  • Devansoy Inc. (U.S)
  • The Scoular Company (U.S.)
  • SunOpta Inc. (Canada)
  • FRANK Food Products (Netherlands)
  • Hodgson Mill (U.S.)
  • Agrwal Oil & Biocheam (India
  • Biopress S.A.S. (France)
  • Natural Products, Inc. (U.S.) 

Market Segmentation:

The organic soya protein market is segmented based on type, application and form. Based on type, the market is segmented as soy protein concentrates, soy protein flour, soy protein isolates and others. By application, the market is segmented into functional foods, infant formula, bakery & confectionery, meat alternatives, dairy alternatives and others (fruit drinks, soups & sauces and vegetable broths. By form, the market is segmented into dry form and liquid form.

Based An Application, The Meat Alternatives Segment Is A Major Contributor To The Organic Soya Protein Market

The meat alternatives category is expected to hold a major share of the global organic soya protein market in 2024. Due to the heavy utilization of non-renewable resources like water and land during animal protein production, the meat industry has a substantial adverse effect on the environment. Animal protein's carbon footprints significantly contribute to greenhouse gas emissions and global warming. Animal welfare advocacy groups are taking steps to raise awareness about the treatment of animals used in the manufacture of items derived from them. Due to the lack of cruelty in these goods, customer attitudes have evolved in favor of plant-based proteins like soy.

The Soya Protein Concentrates Segment Witnessed Growth At A Rapid Rate

The soya protein concentrates segment is projected to proliferate in the global organic soya protein market. This segment holds a sizable market share because of various factors, including its low cost compared to other proteins, potential health benefits, expanding demand from the livestock industry, more significant usage of soy protein concentrate in food applications, and growth in product releases. Additionally, it is anticipated that the expanding demand for soy protein concentrates from the meat and animal feed industries will fuel the expansion of this market.

The North American Organic Soya Protein Market Holds A Significant Regional Revenue Share

The North American organic soya protein market is expected to register the highest market share in revenue soon. The vast number of vegetarians, the rising knowledge of the value of eating diets high in protein, technical developments in the food and beverage sector, and the accessibility of raw materials are all factors that have been cited as contributing to this expansion. In addition, Asia Pacific is projected to proliferate in the global organic soya protein market. The population of India and China is quickly urbanizing, which has made people more health concerned and inclined toward wholesome eating habits. The quickest market for organic soy protein is Asia Pacific (excluding Japan), thanks to this inclination in these and the neighbouring nations. Organic soy protein is consistently in demand across the Middle East and Africa.

Organic Soya Protein Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 632.30 million

Revenue forecast in 2031

USD 1603.67 million

Growth rate CAGR

CAGR of 12.37% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Type, Application and Form

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia

Competitive Landscape

Harvest Innovations (U.S.), World Food Processing (U.S.), Devansoy Inc. (U.S.) The Scoular Company (U.S.), and SunOpta Inc. (Canada) FRANK Food Products (Netherlands), Hodgson Mill (U.S.), Agrwal Oil & Biocheam (India), Biopress S.A.S. (France) and Natural Products, Inc. (U.S.)

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Organic Soya Protein Market Snapshot

Chapter 4. Global Organic Soya Protein Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Soy Protein Concentrates
5.2.2. Soy Protein Isolates
5.2.3. Soy Protein Flour
5.2.4. Others (Chunks, Crumbles, Crisps and Cereal Pieces)

Chapter 6. Market Segmentation 2: by Form Estimates & Trend Analysis
6.1. by Form & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Form:

6.2.1. Dry
6.2.2. Liquid

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2023 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1. Functional Foods
7.2.2. Infant Formula
7.2.3. Bakery & Confectionery
7.2.4. Meat Alternatives
7.2.5. Diary Alternatives
7.2.6. Others (Fruit Drinks, Soups & Sauces And Vegetables Broths)

Chapter 8. Organic Soya Protein Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.1.2. North America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
8.1.3. North America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.1.4. North America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.2.2. Europe Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
8.2.3. Europe Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.2.4. Europe Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.3.2. Asia Pacific Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
8.3.3. Asia-Pacific Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.3.4. Asia Pacific Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.4.2. Latin America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
8.4.3. Latin America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.4.4. Latin America Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.5.2. Middle East & Africa Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Form, 2023-2031
8.5.3. Middle East & Africa Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.5.4. Middle East & Africa Organic Soya Protein Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. ADM
9.2.2. Ag Processing Inc
9.2.3. Agrwal Oil & Biocheam
9.2.4. American Soy Products
9.2.5. Batory Foods
9.2.6. Biopress S.A.S.
9.2.7. Cargill Incorporated.
9.2.8. CHS Inc.
9.2.9. Devansoy Inc.
9.2.10. Doves Farm Foods Ltd.
9.2.11. DuPont
9.2.12. FRANK Food Products
9.2.13. Harvest Innovations
9.2.14. Hodgson Mill
9.2.15. Impossible Foods Inc.
9.2.16. Kellogg NA Co.
9.2.17. Kerry Group
9.2.18. Natural Products, Inc.
9.2.19. Ruchi Soya.
9.2.20. Smithfield Foods, Inc.
9.2.21. SunOpta Inc. (Canada
9.2.22. The Nisshin OilliO Group, Ltd.
9.2.23. The Scoular Company
9.2.24. Wilmar International Ltd
9.2.25. World Food Processing
9.2.26. Other Prominent Players

Segmentation of Organic Soya protein Market-

By Type

  • Soy Protein Concentrates
  • Soy Protein Isolates
  • Soy Protein Flour
  • Others (Chunks, Crumbles, Crisps And Cereal Pieces) 

https://www.insightaceanalytic.com/images_data/177655914.jpg

By Application

  • Functional Foods
  • Infant Formula
  • Bakery & Confectionery
  • Meat Alternatives
  • Diary Alternatives
  • Others (Fruit Drinks, Soups & Sauces And Vegetables Broths)

By Form

  • Dry
  • Liquid

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Soya protein Market?

Soya protein Market expected to grow at a 12.33% CAGR during the forecast period for 2023-2031

Harvest Innovations (U.S.), World Food Processing (U.S.), Devansoy Inc. (U.S.) The Scoular Company (U.S.), and SunOpta Inc. (Canada)

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