Soy Protein Concentrates Market to Reach USD 4.5 Billion by 2035 at 6.3% CAGR Driven by Health Trends

The Soy Protein Concentrates Market was valued at USD 2,307.4 million in 2024. It is projected to grow from USD 2,452.7 million in 2025 to USD 4,500 million by 2035, registering a compound annual growth rate (CAGR) of approximately 6.3% during the forecast period (2025–2035).

Market Growth Drivers

Rising Health Consciousness

Consumers worldwide are increasingly prioritizing health and wellness, leading to a surge in demand for plant-derived protein sources. The World Health Organization reports that 60% of the global population now aims to reduce chronic disease risks via diet, fueling demand for soy protein concentrates known for benefits like cholesterol reduction and cardiovascular health support.

Growth in Vegan and Vegetarian Populations

The surge in vegan and vegetarian lifestyles is accelerating demand for plant proteins. The Plant Based Foods Association highlights a 27% increase in plant-based food sales in the past year, while the Vegetarian Resource Group notes millions of people adopting vegetarian diets. Soy protein concentrates serve as a sustainable, high-quality protein alternative in vegetarian and vegan products.

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Technological Advancements

Progress in extraction and purification processes has enhanced soy protein concentrate quality, enabling higher protein levels and improved functionality in diverse food applications. Support from organizations like the USDA fosters continuous innovation, ultimately broadening product versatility and market reach globally.

Sustainability Drivers

Environmental concerns about animal farming’s greenhouse gas emissions (nearly 14.5% of global emissions) motivate consumers and producers to shift toward plant-based options including soy proteins. Initiatives by entities such as WWF promote plant-based diets, directly benefiting soy protein concentrates’ market growth.

Market Segmentation Insights

Application

Soy protein concentrates find applications across several industries:

Food Industry: Largest segment with a 1.25 billion USD market value in 2024, growing to 1.85 billion USD by 2035. Rising health consciousness and plant-based dietary trends drive adoption in meat substitutes, bakery, snacks, and dairy-alternative products.

Beverage Industry: Valued at 0.7 billion USD in 2024 and expected to reach 1 billion USD, reflecting increased use in protein shakes, smoothies, and nutritional drinks.

Nutraceuticals: With a 0.5 billion USD valuation, growing demand for functional health foods supports this niche yet vital segment.

Animal Feed: Expected to grow from 0.8 billion USD to 1.2 billion USD, driven by the expanding livestock industry requiring affordable, high-quality feed additives.

Industrial Use: While smaller at 0.11 billion USD, growth potential exists for soy-based ingredients in adhesives and textiles.

Product Types

Textured Soy Protein Concentrates: Widely used for mimicking meat textures in plant-based foods.

Isolated Soy Protein: High protein content for nutritional supplements and fortified foods.

Soy Protein Emulsifiers & Hydrolysates: Functional ingredients enhancing food stability and sports nutrition.

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Regional Markets

North America: Largest regional share, worth 1.26 billion USD in 2024, growing alongside rising plant-based diets and clean eating trends.

Europe & Asia Pacific: Follow closely with increasing plant protein adoption driven by environmental concerns and health awareness.

South America & MEA: Emerging regions with growing market interest in sustainable and vegan protein sources.

Competitive Landscape

Major players include CHS, Kerry Group, DuPont, Archer Daniels Midland, Dow, Cargill, and Wilmar International. Market dynamics emphasize innovation in product formulation, expansion into emerging markets, and strategic acquisitions to gain competitive advantage and meet rising consumer demand.

Industry Developments

Recent investments highlight capacity expansions, acquisitions to diversify product portfolios, and enhancements in processing technologies aimed at improving quality and functionality of soy protein concentrates. Innovators seek to bridge the nutritional gap and offer clean-label, sustainable protein options across global food and beverage industries.

The Soy Protein Concentrates Market is integral to the expanding plant-based protein movement, meeting the growing demand for healthful, sustainable, and versatile protein sources. With continuous technological improvements, broad industry applications, and rising environmental awareness, the market is set for healthy growth through 2035, offering promising opportunities for manufacturers and consumers alike.

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE

SECTION III: QUALITATIVE ANALYSIS

SECTION IV: QUANTITATIVE ANALYSIS

SECTION V: COMPETITIVE ANALYSIS ........

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