Global Soy Protein Concentrate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Dry, and Liquid.

By Function;

Nutrients, Emulsifiers, Fat & Water Absorption, and Others.

By Nature;

Organic, and Conventional.

By Application;

Feed Industry- Livestock Feed, Pet Food, Aqua Feed, Others, Food Industry- Meat Processing, Bakery & Confectionary, Dairy Replacements, Soups & Sauces, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn871590343 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Soy Protein Concentrate Market (USD Million), 2021 - 2031

In the year 2024, the Global Soy Protein Concentrate Market was valued at USD 2,148.86 million. The size of this market is expected to increase to USD 3,473.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.

The global soy protein concentrate market has been experiencing steady growth, driven by the increasing demand for plant-based protein sources across various industries. Soy protein concentrate (SPC) is a highly functional ingredient derived from defatted soybeans, containing around 70% protein. It is widely used in the food and beverage sector, animal feed, and industrial applications due to its excellent nutritional profile, digestibility, and affordability compared to animal-based proteins. The shift toward sustainable and health-conscious dietary choices, coupled with rising concerns over environmental impact and animal welfare, has fueled the market's expansion.

A key factor contributing to the growth of the soy protein concentrate market is its extensive application in the food industry. SPC is commonly used in meat analogs, bakery products, dairy alternatives, and nutritional supplements, offering a plant-based protein boost with functional benefits like water retention, emulsification, and improved texture. With the rising popularity of vegetarian and vegan diets, manufacturers are innovating new soy protein-based formulations to cater to consumer preferences. Moreover, advancements in processing technologies have enhanced the solubility, taste, and overall quality of soy protein concentrates, making them more appealing in various food applications.

In addition to food applications, the animal feed industry is a significant contributor to the demand for soy protein concentrate. SPC is a crucial protein source for livestock, poultry, and aquaculture due to its high digestibility and amino acid profile, which support optimal animal growth and health. The growing focus on sustainable and non-GMO feed ingredients has further propelled the use of SPC in animal nutrition. Additionally, the demand for organic and specialty soy protein concentrates is increasing as consumers and businesses seek clean-label and environmentally friendly alternatives.

Despite its promising growth, the global soy protein concentrate market faces challenges, such as fluctuating raw material prices, supply chain disruptions, and competition from alternative plant-based proteins like pea and wheat protein. Additionally, concerns related to soy allergies and genetically modified (GMO) soybeans may impact consumer perception in certain regions. However, ongoing research and development efforts to enhance the functional properties of SPC, coupled with increasing investments in sustainable and organic soy production, are expected to create new opportunities for market expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Function
    3. Market Snapshot, By Nature
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Soy Protein Concentrate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Plant-Based Protein
        2. Growing Health Consciousness and Dietary Shifts
        3. Expanding Applications in Food & Beverage Industry
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Allergen Concerns and Consumer Preferences for Non-Soy Alternatives
        3. Stringent Regulatory Standards
      3. Opportunities
        1. Rising Demand for Vegan and Vegetarian Diets
        2. Innovations in Soy Protein Concentrate Processing
        3. Expanding Markets in Emerging Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Soy Protein Concentrate Market, By Form, 2021 - 2031 (USD Million)
      1. Dry
      2. Liquid
    2. Global Soy Protein Concentrate Market, By Function, 2021 - 2031 (USD Million)
      1. Nutrients
      2. Emulsifiers
      3. Fat & Water Absorption
      4. Others
    3. Global Soy Protein Concentrate Market, By Nature, 2021 - 2031 (USD Million)
      1. Organic
      2. Conventional
    4. Global Soy Protein Concentrate Market, By Application, 2021 - 2031 (USD Million)
      1. Feed Industry
        1. Livestock Feed
        2. Pet Food
        3. Aqua Feed
        4. Others
      2. Food Industry
        1. Meat Processing
        2. Bakery & Confectionary
        3. Dairy Replacements
        4. Soups & Sauces
      3. Others
    5. Global Soy Protein Concentrate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ADM
      2. Cargill Inc.
      3. DuPont Nutrition & Biosciences
      4. Kerry Group
      5. CHS Inc.
      6. Bunge Limited
      7. Wilmar International
      8. Farbest Brands
      9. The Scoular Company
      10. Sotexpro
      11. Burcon NutraScience Corporation
      12. Now Foods
      13. Glanbia Nutritionals
      14. Prinova Group LLC
      15. Sonic Biochem
      16. Medix Laboratories
      17. Chaitanya Chemicals
      18. Bioway (Xi'an) Organic Ingredients Co., Ltd.
      19. Batory Foods
      20. Emsland Group
  7. Analyst Views
  8. Future Outlook of the Market