China Soy Protein Market Size

China Soy Protein Market Analysis

The China soy protein market was valued at USD 850.2 million for the current year and is projected to register a CAGR of 6.25% over the next five years.

• Soya bean is a staple food in China owing to its increasing production and use in different foods. According to United States Department of Agriculture (USDA) Foreign Agriculture Service data from 2021, China produced 19.6 million metric tons of soya beans in 2021. Owing to the increasing production, market players in the region are producing different innovative products from soya beans that include sou protein isolates, concentrates, and textured proteins as well. The demand for soy protein concentrates in the food and beverage industry is increasing owing to the increasing demand for proteinaceous foods.
• Moreover, the incorporation of soy protein into food and beverages to enhance the nutritional profile of the product is one of the primary market drivers in the market. Additionally, soy protein is used in various products such as bakery & confectionery and dairy alternative products to maintain product texture, and it also acts as a binder in various food products, resulting in increasing the demand for soy protein concentrate (SPC) across the market.
• The presence of high fiber contents has resulted in increased use of soy protein in manufacturing food products for people following a rigorous diet and exercise schedule. In addition, the old age population in the country is switching to the consumption of plant-based meat instead of conventional meat due to rising lifestyle diseases like cholesterol, digestion issues, and obesity. For instance, according to the World Population Review, the prevalence of adult obesity in the country was 21.9% in 2022. All the above-mentioned factors drive the Chinese gelatin market.