Soy Protein Market Size, Growth, and Trends 2025 to 2034

Soy Protein Market Size, Growth and Strategic Insights

The global soy protein market size estimated at USD 10.10 billion in 2024 and is predicted to increase from USD 10.81 billion in 2025 to nearly reaching USD 19.87 billion by 2034, growing at a CAGR of 7% during the forecast period from 2025 to 2034. The antifreeze proteins market is growing due to increasing consumer demand for plant-based and sustainable protein alternatives.

Key Highlights

• By region, Asia Pacific has dominated the region, having the biggest share in 2024.
• By region, Latin America is expected to rise at a notable CAGR in the soy protein market between 2025 and 2034.
• By product type, the soy protein isolates segment has contributed the largest share in 2024.
• By product type, the textured soy protein segment will grow at a notable CAGR between 2025 and 2034.
• By nature, the organic segment contributed the largest share in the soy protein market during 2024.
• By nature, the conventional segment will grow at a notable CAGR between 2025 and 2034.
• By form, the dry segment contributed the largest share in 2024.
• By form, the liquid segment will grow at a notable CAGR between 2025 and 2034.
• By end use, the food and beverage segment contributed the largest share in the soy protein market during 2024.
• By end use, the animal feed segment will grow at a notable CAGR between 2025 and 2034.

Industry Coverage

Market Overview 

The soy protein market is growing as demand for sustainable, plant-based protein alternatives increases. The growing use of soy protein in food drinks and nutraceuticals, as well as rising health consciousness and the adoption of a vegan lifestyle, are driving market growth. Improved product formulations and technological advances in protein extraction are further boosting product quality and acceptance worldwide.

Soy Protein Market Outlook

• Industry Growth Overview: The soy protein market is experiencing steady growth driven by the rise of vegan and vegetarian lifestyles, greater interest in plant-based nutrition and increasing health awareness among consumers. Soy protein is widely used across food and beverage applications, animal feed, sports nutrition and dietary supplements, which broadens its commercial reach. Its functional properties, such as emulsification, gel formation and high digestibility, continue to support adoption in processed food, baked goods, beverages and meat alternative products. As demand strengthens in both developed and emerging economies, manufacturers are expanding production capacity and diversifying product formats.
• Sustainability Trends: Sustainability remains a central driver in the soy protein market, as soy offers a significantly lower carbon footprint than animal-based proteins. Producers are focusing on water-efficient agricultural practices, soil health management and reduced pesticide use to enhance sustainability throughout the supply chain. Non-GMO soy production is gaining traction as food companies respond to clean-label requirements and consumer preference for minimally processed ingredients. There is also a growing emphasis on certified sustainable sourcing to ensure traceable supply networks and environmentally responsible farming.
• Global Expansion: Global expansion is being shaped by rising demand in Europe, North America and Asia Pacific, where plant-based diets are growing rapidly. Manufacturers are setting up processing facilities closer to high-demand regions to reduce logistics costs and improve supply security. Expanding trade channels for soy isolates, concentrates and textured soy proteins is also strengthening market penetration across food processing hubs. International companies are forming partnerships with regional distributors, food processors and agricultural cooperatives to secure stable raw material supply and align with local regulatory standards.
• Major Investors: Major agribusiness firms, food ingredient manufacturers and nutrition-focused investment groups are increasing their investments in soy protein production. Capital is being directed toward advanced extraction processes, improved texturising technologies and high-capacity processing plants that support consistent quality and scalability. Investors are also funding innovations in clean-label formulations, allergen management and high-protein product lines for sports nutrition and functional foods. The continued interest from private equity and strategic investors reflects confidence in the long-term growth of the global plant-based protein sector.
• Startup Ecosystem: The startup ecosystem within the soy protein market is expanding quickly as emerging companies develop innovative soy-based snacks, beverages, meat alternatives and protein powders. Startups are leveraging food technology tools such as precision processing, enzyme-assisted extraction and controlled fermentation to improve flavour, texture and nutritional profiles. Many new brands are also promoting clean-label and allergen-aware formulations to appeal to health-conscious consumers. Their agility, focus on digital sales channels and ability to target niche consumer segments are helping drive faster innovation throughout the soy protein industry.

Value Chain Analysis of Soy Protein Market

Raw Materials Procurement

• High-quality, non-GMO soybeans are sourced from sustainable farms to ensure protein consistency and purity. Producers emphasize traceable supply chains and regenerative agriculture to reduce environmental impact.
• Key Players: Cargill, Archer Daniels Midland (ADM), and Wilmar International actively invest in sustainable soybean sourcing and farmer partnerships.

Processing for Food Coating

• Soybeans are processed into concentrates and isolates through defatting, extraction, and drying to enhance solubility and texture for bakery, snack, and meat coating applications.
• Key Players: DuPont (IFF), Kerry Group, and CHS Inc. focus on innovative processing technologies to improve soy protein functionality and stability.

Distribution and Logistics

• Processed soy proteins are distributed globally through optimized logistics networks to food and nutrition manufacturers. Digital tracking and efficient packaging ensure product quality and reduce emissions.
• Key Players: Ingredion Incorporated, Fuji Oil Holdings, and Bunge Limited manage extensive supply chains for timely delivery and global market reach.

Segmental Insights

By Product Type

Which Type of Product Dominated the Soy Protein Market?

The soy protein isolates segment led the market, driven by its superior digestibility, high protein content, and numerous uses in functional food, beverages, and sports nutrition. Food manufacturers looking for high-quality, clean-label protein solutions choose it because of its superior emulsifying and texturizing properties.

The Textured Soy Protein Segment is Expected to Grow During the Forecast Period.

As the market for plant-based meat substitutes grows. Its meat-like texture and capacity to absorb flavours make it perfect for vegetarian and vegan food applications, and it is increasingly used in processed food and ready meals around the world. The momentum of the plant-based meat market is being boosted by an increasing number of product launches.

By Nature

What Made the Organic Segment Dominate the Soy Protein Market in 2024?

The organic segment led the market, driven by an increasing prioritization of natural, non-GMO, and chemical-free protein options. Growing awareness of sustainable agriculture and clean-label nutrition continues to boost demand for certified organic soy products.

The Conventional Segment is Expected to Grow During the Forecast Period.

Due to its high production efficiency and low cost. For large-scale food and beverage producers looking to strike a balance between cost and quality in processed protein formulations, it remains the preferred choice. Increasing accessibility and production capacity in developing markets are important drivers of this expansion.

By Form

Why did the Dry Segment Dominate the Soy Protein Market?

The dry segment led the market, driven by longer shelf life, easier storage, and greater stability across a variety of food forms due to its adaptability and effective transportation. It is frequently utilized in protein powders, bakery mixes, and ready-to-drink nutritional products because of its suitability for large-scale industrial applications manufacturers favor in most.

The Liquid Segment is Expected to Grow Over the Forecast Period. 

Driven by increased demand for functional drinks with smooth textures and ready-to-use beverage formulations. It is appealing for dairy substitutes and smoothies due to its improved solubility and ease of blending. Its quick growth is being driven by innovation in RTD nutrition drinks and liquid plant protein beverages.

By End Use

What Made Food & Beverage Dominate the Soy Protein Market?

The food and beverage segment leads the soy protein market due to extensive applications in meat substitutes, bakery, dairy alternatives, and nutritional products. Rising consumer interest in high-protein, low-fat foods continues to reinforce its dominance across developed and emerging economies. Constant product innovation and flavor diversification are enhancing its adoption in global food chains.

The Animal Feed Segment is Expected to Grow During the Forecast Period.

As the use of soy protein concentrates for balanced nutrition in the livestock and aquaculture sectors grows. It is an essential source of protein in feed formulation due to its affordability and high digestibility. The demand for soy-based feed protein is being further stimulated by rising global meat consumption.

Soy Protein Market Regional Insights

What Made the Asia Pacific Dominate the Soy Protein Market?

Asia Pacific is dominating the soy protein market because soy is widely grown, the number of vegans and vegetarians is rising, and the food and beverage industries have a high demand for it. The consumption of plant-based diets and protein-rich foods is on the rise in these countries, which has accelerated the production and innovation of soy protein. The region's dominance is further reinforced by government support for growing food processing industries and sustainable protein sources

India Soy Protein Market Trends

India’s soy protein market is witnessing rapid growth, driven by rising consumer focus on healthy, high-protein diets. The country benefits from abundant soybean cultivation and a strong processing base, supporting the production of soy protein isolates and concentrates. Growing use of soy ingredients in bakery, snacks, and dairy alternatives has strengthened domestic demand, while rising exports are enhancing India’s global presence in the plant protein sector.

Latin America is the fastest-growing region, driven by the increasing acceptance of meat substitutes and greater awareness of plant-based nutrition. Rapid market expansion has been aided by growing soy cultivation areas and government programs to support food sustainability. To meet both domestic and international demand, the region's food manufacturers are also making significant investments in soy protein isolates and concentrates, which could lead to significant growth in the years to come.

Mexico Soy Protein Market Trends

Mexico is encouraged by the growing demand for affordable, sustainable protein sources in local diets. The nation as a whole is consuming more textured soy protein due to growing interest in plant-based diets and processed meat alternatives. To enhance taste and texture, food producers are also investing in cutting-edge processing techniques, which will increase the nation's market potential in the years to come.

Recent Developments in the Soy Protein Market

• In November 2024, ICL Food Specialties & DAIZ Engineering announced the launch of their textured soy protein texture and amino acid balance, making it ideal for plant-based meat formulations. This collaboration strengthens ICL's footprint in clean-label, sustainable, and high-performance protein ingredients. (Source: AICL)
• In June 2025, Bunge announced an investment of approximately US$550 million in a new U.S. facility for soy protein concentrates and texture SPC production. The advanced facility includes pilot-scale lines to support innovation in plant-based dairy and meat formulations. This move enhances Bunge's local sourcing capabilities and ensures a consistent, scalable supply for the growing global protein market. (Source: UkrAgroConsult)

Top Key Players

• Ingredion Incorporated: Turns plant-based materials into specialized ingredients for the food, beverage, and other industries.
• Cargill, Incorporated: A global agribusiness company providing food, agriculture, financial, and industrial products and services.
• IFF (International Flavors & Fragrances): A world leader in creating flavors, fragrances, and health & biosciences solutions.
• DuPont de Nemours, Inc.: A global innovation leader specializing in technology-based materials and solutions across various markets.
• Glanbia plc: A global nutrition company focused on performance nutrition and ingredient solutions.
• Wilmar International Ltd: A leading agribusiness group in Asia, primarily involved in edible oils, sugar, and consumer products.
• ADM (Archer Daniels Midland): Sources, processes, and merchandises agricultural commodities, turning crops into products for food and feed.
• Bunge: Connects farmers with consumers by processing oilseeds and grains to produce edible oils, protein meals, and sugar.
• Kerry Group plc: A global provider of taste and nutrition solutions for the food, beverage, and pharmaceutical markets.
• Burcon NutraScience Corporation: A science-first food company developing innovative, proprietary plant-based protein extraction and purification technologies.
• The Scoular Company: Provides supply chain solutions for the agricultural and food industries, offering expertise in sourcing and handling commodities.
• Nordic Soya Oy: A specialized company focused on processing soybeans into high-quality protein and oil products for the feed industry.
• Fuji Oil Co. Ltd: A global producer of food products, specializing in plant-based ingredients like oils and fats, confectionery, and soy products.
• NOW® Foods: A family-owned natural products manufacturer offering affordable vitamins, dietary supplements, and personal care items.
• Shandong Yuxin Biotechnology Co., Ltd: A Chinese biotechnology company involved in the development and sale of specialty corn-based ingredients.

Segment Covered in the Report

By Product Type

• Soy Protein Isolates
• Soy Protein Concentrates
• Textured Soy Protein
• Soy Protein Hydrolysates
• Others

By Nature

• Organic
• Conventional

By Form

• Dry
• Liquid

By End-use

• Food & Beverage
• Bakery & Confectionery
• Snacks & Cereals
• Meat alternatives
• Dairy alternatives
• Sports & Clinical Nutrition
• Animal Feed
• Cosmetics & personal care
• Others

By Region

• North America
• Europe
• Asia Pacific
• MEA
• Latin America