United States Soy Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2029

The United States Soy Protein Market is segmented by Form ( Concentrates, Isolates, Textured/Hydrolyzed ) and by End User ( Animal Feed, Food And Beverages, Supplements )

US Soy Protein Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2017 - 2029
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: Supplements
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.59 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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US Soy Protein Market Analysis

The United States Soy Protein Market is projected to register a CAGR of 3.59%

  • 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 meat alternatives sectors.
  • Fastest Growing Segment by Form - Isolates : 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 - Supplements : The growing consumer focus on health and sports fitness may drive the segment. Due to its high protein content, soy is the most preferred protein source in the sector.

US Soy Protein Industry Segmentation

Concentrates, Isolates, Textured/Hydrolyzed are covered as segments by Form. Animal Feed, Food And Beverages, Supplements are covered as segments by End User.
Form
Concentrates
Isolates
Textured/Hydrolyzed
End User
Animal Feed
Food And Beverages
By Sub End User
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy And Dairy Alternative Products
Meat/Poultry/Seafood And Meat Alternative Products
RTE/RTC Food Products
Snacks
Supplements
By Sub End User
Baby Food And Infant Formula
Elderly Nutrition And Medical Nutrition
Sport/Performance Nutrition

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US Soy Protein Market Trends

This section covers the major market trends shaping the US Soy Protein Market according to our research experts:

Food and Beverages is the largest segment by End User.

  • The food and beverages sector registered the highest demand, with the overall sales value increasing by 49.7% in 2022 since 2016. Due to their functional and nutritional properties, they are utilized in a variety of food applications such as baking, confectionary, emulsion-type sausages, dairy replacers, functional beverages, nutritious bars, and breakfast cereals. These properties include fat and water absorption, emulsification, and whipping. Soy proteins are among the most preferred meat and dairy protein substitutes, which has helped food manufacturers control prices and enhance product profitability.
  • As the most economical plant protein alternative for Americans consuming vegetarian diets, the demand for soy proteins spiked across the food and beverages sector. In the food and beverages sector, the demand for soy proteins is led by the meat/meat alternative industry, owing to its functionalities that mimic the muscle texture when layered into linear fibers. Consumers are increasingly opting for plant-based proteins like soy due to rising awareness of animal cruelty and the detrimental impacts that animal-based proteins have on the environment. Such factors are enhancing its usage for texturizing and protein fortification in alternative meat products, which grew by 50.6% in 2022 since 2016. 
  • The growth of supplements is aided by the sports and performance nutrition sub-segment, which was the fastest-growing sub-segment, recording a CAGR of 7.18% during the forecast period. Soy proteins are extensively preferred by female athletes, owing to their benefits in conditions such as Female Athlete Triad Syndrome (FATS). For female athletes, soy protein powder is frequently used as an ergogenic aid to enhance performance and speed up muscle recovery, which can help with osteoporosis. 
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US Soy Protein Industry Overview

The United States Soy Protein Market is moderately consolidated, with the top five companies occupying 55.88%. The major players in this market are Archer Daniels Midland Company, Bunge Limited, CHS Inc., International Flavors & Fragrances, Inc. and Kerry Group PLC (sorted alphabetically).

US Soy Protein Market Leaders

  1. Archer Daniels Midland Company

  2. Bunge Limited

  3. CHS Inc.

  4. International Flavors & Fragrances, Inc.

  5. Kerry Group PLC

*Disclaimer: Major Players sorted in no particular order

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US Soy Protein Market News

  • February 2021: DuPont merged its Nutrition Business with International Flavors & Fragrances (IFF), establishing a company that may become a leading ingredients supplier 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.
  • July 2020: DuPont Nutrition & Biosciences (DuPont), a subsidiary of IFF, offers the industry's broadest assortment of ingredients for plant-based product development with the new Danisco Planit range. Danisco Planit is a global launch that includes services, expertise, and an unparalleled ingredient portfolio for plant-based food and beverages, including plant proteins, hydrocolloids, cultures, probiotics, fibers, food protection, antioxidants, natural extracts, emulsifiers, and enzymes, as well as tailor-made systems.
  • September 2019: CHS Inc. expanded its Fairmont, Minnesota, soybean processing plant. The expansion 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.

US Soy Protein Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Market Volume

    2. 2.2. Protein Consumption Trends

    3. 2.3. Production Trends

    4. 2.4. Regulatory Framework

    5. 2.5. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. Form

      1. 3.1.1. Concentrates

      2. 3.1.2. Isolates

      3. 3.1.3. Textured/Hydrolyzed

    2. 3.2. End User

      1. 3.2.1. Animal Feed

      2. 3.2.2. Food And Beverages

        1. 3.2.2.1. By Sub End User

          1. 3.2.2.1.1. Bakery

          2. 3.2.2.1.2. Beverages

          3. 3.2.2.1.3. Breakfast Cereals

          4. 3.2.2.1.4. Condiments/Sauces

          5. 3.2.2.1.5. Dairy And Dairy Alternative Products

          6. 3.2.2.1.6. Meat/Poultry/Seafood And Meat Alternative Products

          7. 3.2.2.1.7. RTE/RTC Food Products

          8. 3.2.2.1.8. Snacks

      3. 3.2.3. Supplements

        1. 3.2.3.1. By Sub End User

          1. 3.2.3.1.1. Baby Food And Infant Formula

          2. 3.2.3.1.2. Elderly Nutrition And Medical Nutrition

          3. 3.2.3.1.3. Sport/Performance Nutrition

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. A. Costantino & C. SpA

      2. 4.4.2. Archer Daniels Midland Company

      3. 4.4.3. Brenntag SE

      4. 4.4.4. Bunge Limited

      5. 4.4.5. CHS Inc.

      6. 4.4.6. Farbest-Tallman Foods Corporation

      7. 4.4.7. Foodchem International Corporation

      8. 4.4.8. International Flavors & Fragrances, Inc.

      9. 4.4.9. Kerry Group PLC

      10. 4.4.10. The Scoular Company

  5. 5. KEY STRATEGIC QUESTIONS FOR PROTEIN INGREDIENTS INDUSTRY CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    UNITED STATES BABY FOOD AND INFANT FORMULA MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 2:  

    UNITED STATES BAKERY MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 3:  

    UNITED STATES BEVERAGES MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 4:  

    UNITED STATES BREAKFAST CEREALS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 5:  

    UNITED STATES CONDIMENTS/SAUCES MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 6:  

    UNITED STATES CONFECTIONERY MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 7:  

    UNITED STATES DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 8:  

    UNITED STATES ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 9:  

    UNITED STATES MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 10:  

    UNITED STATES RTE/RTC FOOD PRODUCTS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 11:  

    UNITED STATES SNACKS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 12:  

    UNITED STATES SPORT/PERFORMANCE NUTRITION MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 13:  

    UNITED STATES ANIMAL FEED MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 14:  

    UNITED STATES PERSONAL CARE AND COSMETICS MARKET, VOLUME IN METRIC TONNES, 2017 - 2029

    Figure 15:  

    UNITED STATES PER CAPITA CONSUMPTION OF PLANT PROTEIN, IN GRAM, 2017 - 2029

    Figure 16:  

    UNITED STATES SOY PRODUCTION, IN METRIC TONNES, 2017 - 2021

    Figure 17:  

    UNITED STATES SOY PROTEIN MARKET, 2015-2026

    Figure 18:  

    UNITED STATES SOY PROTEIN MARKET, 2015-2026

    Figure 19:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY FORM, 2017 - 2029

    Figure 20:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BY FORM, 2017 - 2029

    Figure 21:  

    UNITED STATES SOY PROTEIN MARKET, VALUE SHARE (%), BY FORM, 2017 VS 2023 VS 2029

    Figure 22:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME SHARE (%), BY FORM, 2017 VS 2023 VS 2029

    Figure 23:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, CONCENTRATES, 2017 - 2029

    Figure 24:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, CONCENTRATES, 2017 - 2029

    Figure 25:  

    UNITED STATES SOY PROTEIN MARKET, CONCENTRATES, VALUE SHARE (%), BY END USER, 2022 VS 2029

    Figure 26:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ISOLATES, 2017 - 2029

    Figure 27:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, ISOLATES, 2017 - 2029

    Figure 28:  

    UNITED STATES SOY PROTEIN MARKET, ISOLATES, VALUE SHARE (%), BY END USER, 2022 VS 2029

    Figure 29:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, TEXTURED/HYDROLYZED, 2017 - 2029

    Figure 30:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, TEXTURED/HYDROLYZED, 2017 - 2029

    Figure 31:  

    UNITED STATES SOY PROTEIN MARKET, TEXTURED/HYDROLYZED, VALUE SHARE (%), BY END USER, 2022 VS 2029

    Figure 32:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY END USER, 2017 - 2029

    Figure 33:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BY END USER, 2017 - 2029

    Figure 34:  

    UNITED STATES SOY PROTEIN MARKET, VALUE SHARE (%), BY END USER, 2017 VS 2023 VS 2029

    Figure 35:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME SHARE (%), BY END USER, 2017 VS 2023 VS 2029

    Figure 36:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ANIMAL FEED, 2017 - 2029

    Figure 37:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, ANIMAL FEED, 2017 - 2029

    Figure 38:  

    UNITED STATES SOY PROTEIN MARKET, ANIMAL FEED, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 39:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2017 - 2029

    Figure 40:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2017 - 2029

    Figure 41:  

    UNITED STATES SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2017 VS 2023 VS 2029

    Figure 42:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME SHARE (%), BY SUB END USER, 2017 VS 2023 VS 2029

    Figure 43:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BAKERY, 2017 - 2029

    Figure 44:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BAKERY, 2017 - 2029

    Figure 45:  

    UNITED STATES SOY PROTEIN MARKET, BAKERY, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 46:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BEVERAGES, 2017 - 2029

    Figure 47:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BEVERAGES, 2017 - 2029

    Figure 48:  

    UNITED STATES SOY PROTEIN MARKET, BEVERAGES, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 49:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BREAKFAST CEREALS, 2017 - 2029

    Figure 50:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BREAKFAST CEREALS, 2017 - 2029

    Figure 51:  

    UNITED STATES SOY PROTEIN MARKET, BREAKFAST CEREALS, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 52:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, CONDIMENTS/SAUCES, 2017 - 2029

    Figure 53:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, CONDIMENTS/SAUCES, 2017 - 2029

    Figure 54:  

    UNITED STATES SOY PROTEIN MARKET, CONDIMENTS/SAUCES, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 55:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2017 - 2029

    Figure 56:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, 2017 - 2029

    Figure 57:  

    UNITED STATES SOY PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 58:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2017 - 2029

    Figure 59:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, 2017 - 2029

    Figure 60:  

    UNITED STATES SOY PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 61:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, RTE/RTC FOOD PRODUCTS, 2017 - 2029

    Figure 62:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, RTE/RTC FOOD PRODUCTS, 2017 - 2029

    Figure 63:  

    UNITED STATES SOY PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 64:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, SNACKS, 2017 - 2029

    Figure 65:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, SNACKS, 2017 - 2029

    Figure 66:  

    UNITED STATES SOY PROTEIN MARKET, SNACKS, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 67:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BY SUB END USER, 2017 - 2029

    Figure 68:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BY SUB END USER, 2017 - 2029

    Figure 69:  

    UNITED STATES SOY PROTEIN MARKET, VALUE SHARE (%), BY SUB END USER, 2017 VS 2023 VS 2029

    Figure 70:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME SHARE (%), BY SUB END USER, 2017 VS 2023 VS 2029

    Figure 71:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, BABY FOOD AND INFANT FORMULA, 2017 - 2029

    Figure 72:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, BABY FOOD AND INFANT FORMULA, 2017 - 2029

    Figure 73:  

    UNITED STATES SOY PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 74:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2017 - 2029

    Figure 75:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, ELDERLY NUTRITION AND MEDICAL NUTRITION, 2017 - 2029

    Figure 76:  

    UNITED STATES SOY PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 77:  

    UNITED STATES SOY PROTEIN MARKET, VOLUME IN METRIC TONNES, SPORT/PERFORMANCE NUTRITION, 2017 - 2029

    Figure 78:  

    UNITED STATES SOY PROTEIN MARKET, VALUE IN USD, SPORT/PERFORMANCE NUTRITION, 2017 - 2029

    Figure 79:  

    UNITED STATES SOY PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, VALUE SHARE (%), BY FORM, 2022 VS 2029

    Figure 80:  

    UNITED STATES SOY PROTEIN MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 81:  

    UNITED STATES SOY PROTEIN MARKET, TOTAL NUMBER OF STRATEGIC MOVES, 2017 - 2022

    Figure 82:  

    UNITED STATES SOY PROTEIN MARKET SHARE(%), BY KEY PLAYERS, 2021

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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US Soy Protein Market Research FAQs

The United States Soy Protein Market market is studied from 2017 - 2029.

The United States Soy Protein Market is projected to register a CAGR of 3.59%

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 meat 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.

The growing consumer focus on health and sports fitness may drive the segment. Due to its high protein content, soy is the most preferred protein source in the sector.

Archer Daniels Midland Company,Bunge Limited,CHS Inc.,International Flavors & Fragrances, Inc. and Kerry Group PLC. are the major companies operating in United States Soy Protein Market.

United States Soy Protein Industry Report

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