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

The Canada Soy Protein Market is segmented by Form ( Concentrates, Isolates, Textured/Hydrolyzed ) and by End User ( Animal Feed, 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: Food and Beverages
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User: Animal Feed
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 4.52 %

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Market Overview

The Canada Soy Protein Market stood at 194.38 million usd in 2021 and is projected to register a CAGR of 4.52% to reach 242.51 million usd in 2026.

  • Largest Segment by Form - Isolates : Soy protein isolates overpower other forms owing to its low viscosity, high dispersibilty and solublilty, that caters to its extensive application in all the sectors.
  • Largest Segment by End User - Food and Beverages : The F&B sector, closely followed by the animal feed sector, is leading the end-user segment, primarily due to the demand from the dairy and animal alternatives sectors.
  • Fastest Growing Segment by Form - Concentrates : Constant research studies and innovations, mainly in the field of animal feed, are supporting the application of soy protein isolates, which may drive the segment.
  • Fastest Growing Segment by End User - Animal Feed : Soy proteins are widely gaining application in the animal feed sector, including feed for fish, pets, birds, and poultry, primarily as an alternative to dairy ingredients.

Scope of the Report

By Form
Concentrates
Isolates
Textured/Hydrolyzed
By End User
Animal Feed
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

Report scope can be customized per your requirements. Click here.

Key Market Trends

Largest Segment By End User : Food and Beverages

  • The food and beverage end-user segment retained its top position, with soy protein highly integrated into dairy and meat alternatives which is witnessing significant growth in Canada.
  • Soy protein possesses the highest efficacy in imitating the texture and taste of meat products. Due to its complete amino acid profile, soy protein remains the next best alternative to animal protein, thus boosting its desirability in F&B applications.
  • The F&B application was closely followed by the animal feed industry, with a value share of 41.63% in 2020. The application of soy protein in animal feed is primarily benefitted by the dynamic competitive landscape maintained by key players. Companies such as CHS Inc. and Agro Solvent Products are increasingly boosting their feed-grade soy protein offerings through product developments and expansions.

Competitive Landscape

The Canada Soy Protein Market is moderately consolidated, with the top five companies occupying 64.74%. The major players in this market are Archer Daniels Midland Company, CHS Inc., DuPont de Nemours Inc., Kerry Group PLC and The Scoular Company (sorted alphabetically).

Major Players

*Disclaimer: Major Players are 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.
  • September 2019: CHS Inc. expanded its Fairmont, Minnesota, soybean processing plant. The expansion was aimed to increase the market access for regional soybean growers and return value to its owners through increased production of high-demand soy-based food and feed ingredients.

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 Volume

    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 Food and Beverages

        1. 4.2.2.1 Bakery

        2. 4.2.2.2 Beverages

        3. 4.2.2.3 Breakfast Cereals

        4. 4.2.2.4 Condiments/Sauces

        5. 4.2.2.5 Dairy and Dairy Alternative Products

        6. 4.2.2.6 Meat/Poultry/Seafood and Meat Alternative Products

        7. 4.2.2.7 RTE/RTC Food Products

        8. 4.2.2.8 Snacks

      3. 4.2.3 Supplements

        1. 4.2.3.1 Baby Food and Infant Formula

        2. 4.2.3.2 Elderly Nutrition and Medical Nutrition

        3. 4.2.3.3 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 Archer Daniels Midland Company

      2. 5.3.2 Brenntag SE

      3. 5.3.3 CHS Inc.

      4. 5.3.4 Croda International PLC

      5. 5.3.5 DuPont de Nemours Inc.

      6. 5.3.6 Farbest-Tallman Foods Corporation

      7. 5.3.7 Kerry Group PLC

      8. 5.3.8 The Scoular Company

  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 TONNES, CANADA, 2016 - 2026

    Figure 2:  

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

    Figure 3:  

    BAKERY MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 4:  

    BEVERAGES MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 5:  

    BREAKFAST CEREALS MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 6:  

    CONDIMENTS/SAUCES MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 7:  

    CONFECTIONERY MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 8:  

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

    Figure 9:  

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

    Figure 10:  

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

    Figure 11:  

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

    Figure 12:  

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

    Figure 13:  

    SNACKS MARKET, VOLUME IN TONNES, CANADA, 2016 - 2026

    Figure 14:  

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

    Figure 15:  

    CANADA PLANT PROTEIN PER CAPITA CONSUMPTION, GRAM, 2001 - 2026

    Figure 16:  

    CANADA SOY PRODUCTION, VOLUME, TONNES, 2011 - 2019

    Figure 17:  

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

    Figure 18:  

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

    Figure 19:  

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

    Figure 20:  

    CANADA SOY PROTEIN MARKET, VOLUME IN TONNES, CONCENTRATES, 2016 - 2026

    Figure 21:  

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

    Figure 22:  

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

    Figure 23:  

    CANADA SOY PROTEIN MARKET, VOLUME IN TONNES, ISOLATES, 2016 - 2026

    Figure 24:  

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

    Figure 25:  

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

    Figure 26:  

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

    Figure 27:  

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

    Figure 28:  

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

    Figure 29:  

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

    Figure 30:  

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

    Figure 31:  

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

    Figure 32:  

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

    Figure 33:  

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

    Figure 34:  

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

    Figure 35:  

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

    Figure 36:  

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

    Figure 37:  

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

    Figure 38:  

    CANADA SOY PROTEIN MARKET, VOLUME IN TONNES, BAKERY, 2016 - 2026

    Figure 39:  

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

    Figure 40:  

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

    Figure 41:  

    CANADA SOY PROTEIN MARKET, VOLUME IN TONNES, BEVERAGES, 2016 - 2026

    Figure 42:  

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

    Figure 43:  

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

    Figure 44:  

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

    Figure 45:  

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

    Figure 46:  

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

    Figure 47:  

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

    Figure 48:  

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

    Figure 49:  

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

    Figure 50:  

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

    Figure 51:  

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

    Figure 52:  

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

    Figure 53:  

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

    Figure 54:  

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

    Figure 55:  

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

    Figure 56:  

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

    Figure 57:  

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

    Figure 58:  

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

    Figure 59:  

    CANADA SOY PROTEIN MARKET, VOLUME IN TONNES, SNACKS, 2016 - 2026

    Figure 60:  

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

    Figure 61:  

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

    Figure 62:  

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

    Figure 63:  

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

    Figure 64:  

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

    Figure 65:  

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

    Figure 66:  

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

    Figure 67:  

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

    Figure 68:  

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

    Figure 69:  

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

    Figure 70:  

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

    Figure 71:  

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

    Figure 72:  

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

    Figure 73:  

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

    Figure 74:  

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

    Figure 75:  

    MOST ADOPTED STRATEGIES, 2016-2021

    Figure 76:  

    CANADA 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.

For any queries related to market definition, click here to schedule a call with our analysts.

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

For any queries related to research methodology, click here to schedule a call with our analysts.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.
03. Exhaustive Data
Tracking a million data points on the proteins industry. Our constant market tracking covers over 1 million+ data points spanning 30 countries and over 175 companies just for the proteins industry.

Frequently Asked Questions

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

The Canada Soy Protein Market stood at 194.38 million usd in 2021 and is projected to register a CAGR of 4.52% to reach 242.51 million usd in 2026.

Soy protein isolates overpower other forms owing to its low viscosity, high dispersibilty and solublilty, that caters to its extensive application in all the sectors.

The F&B sector, closely followed by the animal feed sector, is leading the end-user segment, primarily due to the demand from the dairy and animal alternatives sectors.

Constant research studies and innovations, mainly in the field of animal feed, are supporting the application of soy protein isolates, which may drive the segment.

Soy proteins are widely gaining application in the animal feed sector, including feed for fish, pets, birds, and poultry, primarily as an alternative to dairy ingredients.

Archer Daniels Midland Company,CHS Inc.,DuPont de Nemours Inc.,Kerry Group PLC and The Scoular Company. are the major companies operating in Canada Soy Protein Market.