United Kingdom Soy Protein Market Size

Statistics for the 2023 & 2024 United Kingdom Soy Protein market size, created by Mordor Intelligence™ Industry Reports. United Kingdom Soy Protein size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

INSTANT ACCESS

Market Size of united kingdom soy protein Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
United Kingdom Soy Protein Market Summary
share button
Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 203.4 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 243.6 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Food and Beverages
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 3.67 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Supplements

Major Players

major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

United Kingdom Soy Protein Market Analysis

The United Kingdom Soy Protein Market size is estimated at 203.4 million USD in 2024, and is expected to reach 243.6 million USD by 2029, growing at a CAGR of 3.67% during the forecast period (2024-2029).

share button

203.4 Million

Market Size in 2024 (USD)

243.6 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

Icon image

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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.
United Kingdom Soy Protein Market

United Kingdom Soy Protein Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029