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Australia Soy Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

The Australia Soy Protein Market is segmented by Form ( Concentrates, Isolates, Textured/Hydrolyzed ) and by End User ( Animal Feed, Personal Care and Cosmetics, Food and Beverages, Supplements )

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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/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User: Supplements
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 2.60 %

Key Players

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Market Overview

The Australia Soy Protein Market stood at 81.67 million usd in 2021 and is projected to register a CAGR of 2.60% to reach 92.88 million usd in 2026.

  • Largest Segment by Form - Concentrates : High protein digestibility and optimal nutritional value make SPC an ideal protein source for animal feed. Also, it being cheaper than isolates further drives its use.
  • Largest Segment by End User - Animal Feed : Soy proteins are widely used in the animal feed sector in the country, owing to their distinct benefits, such as protein digestibility and apt amino acid profile.
  • Fastest Growing Segment by Form - Textured/Hydrolyzed : Hydrolyzed soy proteins have major applications in the animal feed industry, followed by F&B. Constant researches in the segment are projected to boost the segment.
  • Fastest Growing Segment by End User - Supplements : The rising consumer focus on health and sports fitness is anticipated to drive the segment. Among all, the preference for soy in the sector is propelling the segment’s growth.

Scope of the Report

By Form
Concentrates
Isolates
Textured/Hydrolyzed
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

  • By application, animal feed remained the largest sector, accounting for almost half of the market share in{ {baseYear}}. Soy protein, mainly in the form of concentrates, is widely used in the diets of ruminants, birds, and fish. Easy digestibility, improved shelf life, and protein enrichment are the main characteristics driving its application in the industry.
  • F&B is another important end-user segment, driven by meat/poultry/seafood and meat substitutes.
  • Apart from protein fortification, soy protein's emulsifying and foaming properties make it highly desirable in applications, such as dairy, beverages, and soups. Major consumer brands are trying to gain an edge in the market with their innovative strategic initiatives.

Competitive Landscape

The Australia Soy Protein Market is fragmented, with the top five companies occupying 19.05%. The major players in this market are Agro Solvent Products Pvt. Ltd, Archer Daniels Midland Company, DuPont de Nemours Inc., FoodChem International Corporation and Kerry Group PLC (sorted alphabetically).

Recent Developments

  • 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.
  • March 2020: Sun Nutrafood launched soy protein isolates variants with a protein range of 90% or more, mainly used for protein fortification in the food industry and various food applications.

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 End User Market

    2. 3.2 Per Capita Plant Protein Consumption

    3. 3.3 Raw Material/Commodity Production

    4. 3.4 Regulatory Framework

    5. 3.5 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 End User

      1. 4.2.1 Animal Feed

      2. 4.2.2 Personal Care and Cosmetics

      3. 4.2.3 Food and Beverages

        1. 4.2.3.1 Bakery

        2. 4.2.3.2 Beverages

        3. 4.2.3.3 Breakfast Cereals

        4. 4.2.3.4 Condiments/Sauces

        5. 4.2.3.5 Dairy and Dairy Alternative Products

        6. 4.2.3.6 Meat/Poultry/Seafood and Meat Alternative Products

        7. 4.2.3.7 RTE/RTC Food Products

        8. 4.2.3.8 Snacks

      4. 4.2.4 Supplements

        1. 4.2.4.1 Baby Food and Infant Formula

        2. 4.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 4.2.4.3 Sport/Performance Nutrition

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 Agro Solvent Products Pvt. Ltd

      2. 5.3.2 Archer Daniels Midland Company

      3. 5.3.3 Bunge Limited

      4. 5.3.4 DuPont de Nemours Inc.

      5. 5.3.5 FoodChem International Corporation

      6. 5.3.6 Kerry Group PLC

  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:  

    ANIMAL FEED MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 2:  

    BABY FOOD AND INFANT FORMULA MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 3:  

    BAKERY MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 4:  

    BEVERAGES MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 5:  

    BREAKFAST CEREALS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 6:  

    CONDIMENTS/SAUCES MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 7:  

    CONFECTIONERY MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 8:  

    DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 9:  

    ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 10:  

    MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 11:  

    PERSONAL CARE AND COSMETICS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 12:  

    RTE/RTC FOOD PRODUCTS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 13:  

    SNACKS MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 14:  

    SPORT/PERFORMANCE NUTRITION MARKET, VOLUME IN METRIC TONNES, AUSTRALIA, 2016 - 2026

    Figure 15:  

    AUSTRALIA PLANT PROTEIN PER CAPITA CONSUMPTION, IN GRAM, 2001 - 2026

    Figure 16:  

    AUSTRALIA SOY PRODUCTION, VOLUME IN METRIC TONNES, 2011 - 2019

    Figure 17:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY FORM, 2016 - 2026

    Figure 18:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BY FORM, 2016 - 2026

    Figure 19:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE SHARE (%), BY FORM, 2020

    Figure 20:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, CONCENTRATES, 2016 - 2026

    Figure 21:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, CONCENTRATES, 2016 - 2026

    Figure 22:  

    AUSTRALIA SOY PROTEIN MARKET, CONCENTRATES, VALUE SHARE (%), BY END USER, 2020

    Figure 23:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ISOLATES, 2016 - 2026

    Figure 24:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, ISOLATES, 2016 - 2026

    Figure 25:  

    AUSTRALIA SOY PROTEIN MARKET, ISOLATES, VALUE SHARE (%), BY END USER, 2020

    Figure 26:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, TEXTURED/HYDROLYZED, 2016 - 2026

    Figure 27:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, TEXTURED/HYDROLYZED, 2016 - 2026

    Figure 28:  

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

    Figure 29:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY END USER, 2016 - 2026

    Figure 30:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BY END USER, 2016 - 2026

    Figure 31:  

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

    Figure 32:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ANIMAL FEED, 2016 - 2026

    Figure 33:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, ANIMAL FEED, 2016 - 2026

    Figure 34:  

    AUSTRALIA SOY PROTEIN MARKET, ANIMAL FEED, VALUE SHARE (%), BY FORM, 2020

    Figure 35:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 36:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, PERSONAL CARE AND COSMETICS, 2016 - 2026

    Figure 37:  

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

    Figure 38:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026

    Figure 39:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026

    Figure 40:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 41:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BAKERY, 2016 - 2026

    Figure 42:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BAKERY, 2016 - 2026

    Figure 43:  

    AUSTRALIA SOY PROTEIN MARKET, BAKERY, VALUE SHARE (%), BY FORM, 2020

    Figure 44:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BEVERAGES, 2016 - 2026

    Figure 45:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BEVERAGES, 2016 - 2026

    Figure 46:  

    AUSTRALIA SOY PROTEIN MARKET, BEVERAGES, VALUE SHARE (%), BY FORM, 2020

    Figure 47:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BREAKFAST CEREALS, 2016 - 2026

    Figure 48:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BREAKFAST CEREALS, 2016 - 2026

    Figure 49:  

    AUSTRALIA SOY PROTEIN MARKET, BREAKFAST CEREALS, VALUE SHARE (%), BY FORM, 2020

    Figure 50:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 51:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, CONDIMENTS/SAUCES, 2016 - 2026

    Figure 52:  

    AUSTRALIA SOY PROTEIN MARKET, CONDIMENTS/SAUCES, VALUE SHARE (%), BY FORM, 2020

    Figure 53:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 54:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2016 - 2026

    Figure 55:  

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

    Figure 56:  

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

    Figure 57:  

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

    Figure 58:  

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

    Figure 59:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 60:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, RTE/RTC FOOD PRODUCTS, 2016 - 2026

    Figure 61:  

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

    Figure 62:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, SNACKS, 2016 - 2026

    Figure 63:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, SNACKS, 2016 - 2026

    Figure 64:  

    AUSTRALIA SOY PROTEIN MARKET, SNACKS, VALUE SHARE (%), BY FORM, 2020

    Figure 65:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2016 - 2026

    Figure 66:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2016 - 2026

    Figure 67:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2020

    Figure 68:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 69:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, BABY FOOD AND INFANT FORMULA, 2016 - 2026

    Figure 70:  

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

    Figure 71:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 72:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2016 - 2026

    Figure 73:  

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

    Figure 74:  

    AUSTRALIA SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 75:  

    AUSTRALIA SOY PROTEIN MARKET, VALUE IN USD, SPORT/PERFORMANCE NUTRITION, 2016 - 2026

    Figure 76:  

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

    Figure 77:  

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

    Figure 78:  

    MOST ADOPTED STRATEGIES, 2016-2021

    Figure 79:  

    AUSTRALIA 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 Australia Soy Protein Market market is studied from 2016 - 2026.

The Australia Soy Protein Market stood at 81.67 million usd in 2021 and is projected to register a CAGR of 2.60% to reach 92.88 million usd in 2026.

High protein digestibility and optimal nutritional value make SPC an ideal protein source for animal feed. Also, it being cheaper than isolates further drives its use.

Soy proteins are widely used in the animal feed sector in the country, owing to their distinct benefits, such as protein digestibility and apt amino acid profile.

Hydrolyzed soy proteins have major applications in the animal feed industry, followed by F&B. Constant researches in the segment are projected to boost the segment.

The rising consumer focus on health and sports fitness is anticipated to drive the segment. Among all, the preference for soy in the sector is propelling the segment’s growth.

Agro Solvent Products Pvt. Ltd,Archer Daniels Midland Company,DuPont de Nemours Inc.,FoodChem International Corporation and Kerry Group PLC. are the major companies operating in Australia Soy Protein Market.