Asia-pacific Soy Protein Market - Size, Share, Forecast & Covid-19 Impact (2016 - 2026)

The Asia-pacific Soy Protein Market is segmented by Form ( Concentrates, Isolates, Textured/Hydrolyzed ) , by Country ( Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Thailand, Vietnam ) and by End User ( Animal Feed, Personal Care and Cosmetics, Food and Beverages, Supplements )

INSTANT ACCESS

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2026
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2020
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User: Animal Feed
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: China
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.71 %

Key Players

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Market Overview

The Asia-pacific Soy Protein Market stood at 2.28 billion usd million in 2020 and is projected to register a CAGR of 3.71% to reach 2.84 billion usd million in 2026.

Scope of the Report

By Form
Concentrates
Isolates
Textured/Hydrolyzed
By Country
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
By End User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition

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Key Market Trends

Largest Segment By End User : Animal Feed

  • Asia Pacific market is very huge for Soy Protein s, as it is one of the most accepted traditional foods by the consumers in the region. Moreover, Soy Protein s have increased functionalities in different foods as a protein ingredient, flavour enhancer which is majorly driving its applications in various end-user segments. These proteins are dominatively used in Animalfeed sector with the share of 52.8% by value in 2020 and is followed by food and beverages sector.
  • Among food and beverages sector, Soy Protein s are mostly used in meat alternative products. Its easy disgestibilty, meat texture immitating property, enhancing shelf-life and protein fortification are the key functionalities driving the demand for these proteins.
  • The market is highly dominated by product innovations as the consumers in the market are seeking innovative healthy products highly suitable to their choice.

Largest Country : China

  • China remained the largest consumer of Soy Protein in the region. This can be attributed to high production capacity that fairly brings down the ingredient's prices and boosts voluem consumption. In fact, about 70% of the world’s supply of soy isolate, a primary ingredient in many Plant -based foods, is processed in one region in China- Shandong Province. This also enables immense innovation in Plant -based space, attracting more consumers to try out from the differentiated product offerings.
  • Considering constant product developments and Chinese' growing demand for vegan goods, the country also remained fastest growing with a volume CAGR of 6.22%, during the forecast period.
  • Second on the list, India's Soy Protein market was driven by high demand from food & beverage and Animalfeed sectors. Additionally, with government bodies and food authorities such as FSSAI, promoting Soy Protein consumption, the demand further goes up.

Recent Developments

  • March 2021: Fuji Oil Group appointed Mikio Sakai as the new president and CEO. Mikio Sakai is engaged in plant-based food solutions as a core concept to grow a third business pillar, along with the Oil and Fat and Chocolate businesses. Plant-based food solutions include soy meat and soybeans, which are used as raw materials for plant-based protein.
  • February 2021: DuPont merged its Nutrition Business with International Flavors & Fragrances (IFF), thus establishing a company that may become a leading supplier of ingredients to the food industry in the United States. The company generated a revenue of USD 11 billion, and it may supply soy proteins and other ingredients for consumer products.
  • June 2020: ADM formed a joint venture with beef producer, Marfrig. By this collaboration, ADM aimed to supply plant-based products, including soy flour, soy protein concentrates, isolated soy proteins, textured protein, wheat protein isolates, and other products to the North and South American markets.

Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study​

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Form

      1. 4.1.1 Concentrates

      2. 4.1.2 Isolates

      3. 4.1.3 Textured/Hydrolyzed

    2. 4.2 By Country

      1. 4.2.1 Australia

      2. 4.2.2 China

      3. 4.2.3 India

      4. 4.2.4 Indonesia

      5. 4.2.5 Japan

      6. 4.2.6 Malaysia

      7. 4.2.7 New Zealand

      8. 4.2.8 South Korea

      9. 4.2.9 Thailand

      10. 4.2.10 Vietnam

      11. 4.2.11 Rest of Asia-Pacific

    3. 4.3 By End User

      1. 4.3.1 Animal Feed

      2. 4.3.2 Personal Care and Cosmetics

      3. 4.3.3 Food and Beverages

        1. 4.3.3.1 Bakery

        2. 4.3.3.2 Beverages

        3. 4.3.3.3 Breakfast Cereals

        4. 4.3.3.4 Condiments/Sauces

        5. 4.3.3.5 Dairy and Dairy Alternative Products

        6. 4.3.3.6 Meat/Poultry/Seafood and Meat Alternative Products

        7. 4.3.3.7 RTE/RTC Food Products

        8. 4.3.3.8 Snacks

      4. 4.3.4 Supplements

        1. 4.3.4.1 Baby Food and Infant Formula

        2. 4.3.4.2 Elderly Nutrition and Medical Nutrition

        3. 4.3.4.3 Sport/Performance Nutrition

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Proteins CEOs

List of Tables & Figures

    Figure 1:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BY FORM, 2016 - 2026

    Figure 2:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BY FORM, 2016 - 2026

    Figure 3:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE SHARE (%), BY FORM, 2020

    Figure 4:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, CONCENTRATES, 2016 - 2026

    Figure 5:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, CONCENTRATES, 2016 - 2026

    Figure 6:  

    ASIA-PACIFIC SOY PROTEIN MARKET, CONCENTRATES, VALUE SHARE (%), BY END USER, 2020

    Figure 7:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, ISOLATES, 2016 - 2026

    Figure 8:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, ISOLATES, 2016 - 2026

    Figure 9:  

    ASIA-PACIFIC SOY PROTEIN MARKET, ISOLATES, VALUE SHARE (%), BY END USER, 2020

    Figure 10:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, TEXTURED/HYDROLYZED, 2016 - 2026

    Figure 11:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, TEXTURED/HYDROLYZED, 2016 - 2026

    Figure 12:  

    ASIA-PACIFIC SOY PROTEIN MARKET, TEXTURED/HYDROLYZED, VALUE SHARE (%), BY END USER, 2020

    Figure 13:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BY COUNTRY, 2016 - 2026

    Figure 14:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BY COUNTRY, 2016 - 2026

    Figure 15:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE SHARE (%), BY COUNTRY, 2020

    Figure 16:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, AUSTRALIA, 2016 - 2026

    Figure 17:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, AUSTRALIA, 2016 - 2026

    Figure 18:  

    ASIA-PACIFIC SOY PROTEIN MARKET, AUSTRALIA, VALUE SHARE (%), BY END USER, 2020

    Figure 19:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, CHINA, 2016 - 2026

    Figure 20:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, CHINA, 2016 - 2026

    Figure 21:  

    ASIA-PACIFIC SOY PROTEIN MARKET, CHINA, VALUE SHARE (%), BY END USER, 2020

    Figure 22:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, INDIA, 2016 - 2026

    Figure 23:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, INDIA, 2016 - 2026

    Figure 24:  

    ASIA-PACIFIC SOY PROTEIN MARKET, INDIA, VALUE SHARE (%), BY END USER, 2020

    Figure 25:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, INDONESIA, 2016 - 2026

    Figure 26:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, INDONESIA, 2016 - 2026

    Figure 27:  

    ASIA-PACIFIC SOY PROTEIN MARKET, INDONESIA, VALUE SHARE (%), BY END USER, 2020

    Figure 28:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, JAPAN, 2016 - 2026

    Figure 29:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, JAPAN, 2016 - 2026

    Figure 30:  

    ASIA-PACIFIC SOY PROTEIN MARKET, JAPAN, VALUE SHARE (%), BY END USER, 2020

    Figure 31:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, MALAYSIA, 2016 - 2026

    Figure 32:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, MALAYSIA, 2016 - 2026

    Figure 33:  

    ASIA-PACIFIC SOY PROTEIN MARKET, MALAYSIA, VALUE SHARE (%), BY END USER, 2020

    Figure 34:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, NEW ZEALAND, 2016 - 2026

    Figure 35:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, NEW ZEALAND, 2016 - 2026

    Figure 36:  

    ASIA-PACIFIC SOY PROTEIN MARKET, NEW ZEALAND, VALUE SHARE (%), BY END USER, 2020

    Figure 37:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, SOUTH KOREA, 2016 - 2026

    Figure 38:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, SOUTH KOREA, 2016 - 2026

    Figure 39:  

    ASIA-PACIFIC SOY PROTEIN MARKET, SOUTH KOREA, VALUE SHARE (%), BY END USER, 2020

    Figure 40:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, THAILAND, 2016 - 2026

    Figure 41:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, THAILAND, 2016 - 2026

    Figure 42:  

    ASIA-PACIFIC SOY PROTEIN MARKET, THAILAND, VALUE SHARE (%), BY END USER, 2020

    Figure 43:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, VIETNAM, 2016 - 2026

    Figure 44:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, VIETNAM, 2016 - 2026

    Figure 45:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VIETNAM, VALUE SHARE (%), BY END USER, 2020

    Figure 46:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, REST OF ASIA-PACIFIC, 2016 - 2026

    Figure 47:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, REST OF ASIA-PACIFIC, 2016 - 2026

    Figure 48:  

    ASIA-PACIFIC SOY PROTEIN MARKET, REST OF ASIA-PACIFIC, VALUE SHARE (%), BY END USER, 2020

    Figure 49:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BY END USER, 2016 - 2026

    Figure 50:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BY END USER, 2016 - 2026

    Figure 51:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE SHARE (%), BY END USER, 2020

    Figure 52:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, ANIMAL FEED, 2016 - 2026

    Figure 53:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, ANIMAL FEED, 2016 - 2026

    Figure 54:  

    ASIA-PACIFIC SOY PROTEIN MARKET, ANIMAL FEED, VALUE SHARE (%), BY FORM, 2020

    Figure 55:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 56:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 57:  

    ASIA-PACIFIC SOY PROTEIN MARKET, PERSONAL CARE AND COSMETICS, VALUE SHARE (%), BY FORM, 2020

    Figure 58:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BY SUB END USER, 2016 - 2026

    Figure 59:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BY SUB END USER, 2016 - 2026

    Figure 60:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 61:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BAKERY, 2016 - 2026

    Figure 62:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BAKERY, 2016 - 2026

    Figure 63:  

    ASIA-PACIFIC SOY PROTEIN MARKET, BAKERY, VALUE SHARE (%), BY FORM, 2020

    Figure 64:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BEVERAGES, 2016 - 2026

    Figure 65:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BEVERAGES, 2016 - 2026

    Figure 66:  

    ASIA-PACIFIC SOY PROTEIN MARKET, BEVERAGES, VALUE SHARE (%), BY FORM, 2020

    Figure 67:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BREAKFAST CEREALS, 2016 - 2026

    Figure 68:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BREAKFAST CEREALS, 2016 - 2026

    Figure 69:  

    ASIA-PACIFIC SOY PROTEIN MARKET, BREAKFAST CEREALS, VALUE SHARE (%), BY FORM, 2020

    Figure 70:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 71:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 72:  

    ASIA-PACIFIC SOY PROTEIN MARKET, CONDIMENTS/SAUCES, VALUE SHARE (%), BY FORM, 2020

    Figure 73:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 74:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 75:  

    ASIA-PACIFIC SOY PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY FORM, 2020

    Figure 76:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 77:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 78:  

    ASIA-PACIFIC SOY PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY FORM, 2020

    Figure 79:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 80:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 81:  

    ASIA-PACIFIC SOY PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, VALUE SHARE (%), BY FORM, 2020

    Figure 82:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, SNACKS, 2016 - 2026

    Figure 83:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, SNACKS, 2016 - 2026

    Figure 84:  

    ASIA-PACIFIC SOY PROTEIN MARKET, SNACKS, VALUE SHARE (%), BY FORM, 2020

    Figure 85:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BY SUB END USER, 2016 - 2026

    Figure 86:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BY SUB END USER, 2016 - 2026

    Figure 87:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 88:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 89:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 90:  

    ASIA-PACIFIC SOY PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, VALUE SHARE (%), BY FORM, 2020

    Figure 91:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 92:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 93:  

    ASIA-PACIFIC SOY PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, VALUE SHARE (%), BY FORM, 2020

    Figure 94:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VOLUME IN TONNES, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 95:  

    ASIA-PACIFIC SOY PROTEIN MARKET, VALUE IN USD MILLION, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 96:  

    ASIA-PACIFIC SOY PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, VALUE SHARE (%), BY FORM, 2020

    Figure 97:  

    MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2016-2021

    Figure 98:  

    MOST ADOPTED STRATEGIES, 2016-2021

    Figure 99:  

    ASIA-PACIFIC SOY PROTEIN MARKET, MARKET SHARE, 2020

Market Definition

  • End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
  • Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
  • Average Protein Content - It is the average protein content present in per 100 g of product manufactured by all end-user companies considered under the scope of this report.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Asia-pacific Soy Protein Market market is studied from 2016 - 2026.

The Asia-pacific Soy Protein Market stood at 2.28 billion usd million in 2020 and is projected to register a CAGR of 3.71% to reach 2.84 billion usd million in 2026.