Market Size of united kingdom soy protein Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 203.41 Million |
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Market Size (2029) | USD 243.63 Million |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 3.67 % |
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Fastest Growing by End User | Supplements |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United Kingdom Soy Protein Market Analysis
The United Kingdom Soy Protein Market size is estimated at 203.41 million USD in 2024, and is expected to reach 243.63 million USD by 2029, growing at a CAGR of 3.67% during the forecast period (2024-2029).
203.41 Million
Market Size in 2024 (USD)
243.63 Million
Market Size in 2029 (USD)
4.24 %
CAGR (2017-2023)
3.67 %
CAGR (2024-2029)
Largest Market by Form
44.75 %
value share, Isolates, 2023
Constant research and innovations, mainly in animal feed, support the application of soy protein isolates, which is projected to drive the applications of the ingredient.
Largest Market by End User
52.25 %
value share, Food and Beverages, 2023
The F&B industry dominates the market, primarily led by meat and dairy alternatives, due to their functionalities that make them highly preferred ingredients.
Fastest Growing Market by Form
4.15 %
Projected CAGR, Isolates, 2024-2029
Hydrolyzed or textured soy proteins are gaining application mainly in meat alternative products as these are available in dice forms, chunks, or crumbles for ease of use.
Fastest Growing Market by End User
9.42 %
Projected CAGR, Supplements, 2024-2029
The rising consumer focus on health and sports fitness is anticipated to drive the segment. The preference for soy in this sector is propelling segmental growth.
Leading Market Player
16.64 %
market share, Archer Daniels Midland Company, 2021
The company, under its Alternative Proteins for Sustainable and Nutritious Foods division, sell soy protein ingredients (isolates, concentrates, textured protein, and crisps), which they manufacture for both food and feed grades.
F&B and animal feed together accounted for major share in 2022 due to increasing demand for plant based protein products coupled with rising pet population across the country
- The applications of soy protein in the UK market are majorly dominated by the food and beverage segment. In 2022, soy protein was mainly driven by applications in the meat and meat alternative products sub-segment, followed by dairy and dairy alternative products, accounting for 23.83% and 21.04% by volume, respectively.
- UK consumers are shifting from animal protein products to plant-based protein products due to rising health consciousness. Soy protein continues to be customers' preferred option among all other plant-based proteins. In 2021, around 60% of UK consumers shifted toward plant-based products as they are considered healthier. More people are turning to vegan protein-based meat replacements due to the rising allergic reactions to animal proteins. In the United Kingdom, the consumption of soy-based foods is also encouraged by the government and various associations, which is further boosting the demand for soy protein-fortified foods in the country.
- Animal feed held the second major share in the market. It is projected to register a CAGR of 2.14%, by value, during the forecast period. Soybean meal, which is the by-product of oil extraction, has a high crude protein content of 44-50% and a balanced amino acid composition, making it complementary to maize meal for feed formulations. In pet food, soy protein concentrates are typically used as a partial substitute for meat and meat meal ingredients and as a meat extender in dry and canned pet foods. The UK pet population increased from 9.6 million in 2020 to 10.2 million in 2021, thus boosting the demand for soy protein in pet food formulations.
Understand The Key Trends Shaping This Market
