Market Size of united states soy protein Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.87 Billion |
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Market Size (2029) | USD 3.44 Billion |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 3.72 % |
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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 States Soy Protein Market Analysis
The United States Soy Protein Market size is estimated at 2.87 billion USD in 2024, and is expected to reach 3.44 billion USD by 2029, growing at a CAGR of 3.72% during the forecast period (2024-2029).
2.87 Billion
Market Size in 2024 (USD)
3.44 Billion
Market Size in 2029 (USD)
5.82 %
CAGR (2017-2023)
3.72 %
CAGR (2024-2029)
Largest Market by Form
43.19 %
value share, Isolates, 2023
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 Market by End User
51.39 %
value share, Food and Beverages, 2023
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 Market by Form
4.25 %
Projected CAGR, Isolates, 2024-2029
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 Market by End User
6.28 %
Projected CAGR, Supplements, 2024-2029
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.
Leading Market Player
16.40 %
market share, Archer Daniels Midland Company, 2021
Archer Daniels Midland Company holds the largest share of the market. The company has collaborated with regional clients as an expansion strategy, to expand its consumer base.
Food and Beverages sector accounted major share in usage of soy protein due to growing vegan population coupled with nutritional properties associated with soy protein
- 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.
- 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.
Understand The Key Trends Shaping This Market
