Soy Protein Isolate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

 Soy Protein Isolate Market Overview

Soy Protein Isolate Market size is forecast to reach $3.45 billion by 2025, growing at a CAGR of 4.86% during 2020-2025. Increasing demand of fortified foods and increasing consciousness about health and nutrition among consumers are the major factors driving the growth of the market. High functional property of soy protein isolates and growing inclination towards vegan diets coupled with the consumers demand for product transparency will further enhance the overall market demand of soy protein isolate during the forecast period.

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Key Takeaways

North America dominates the soy protein isolate market owing to health consciousness people and the rise in the adoption of plant based meat. The soy protein isolate market scope for different regions will be provided in the final report.

The increasing prevalence of cardiovascular diseases and fatty liver diseases has led to the adoption of soy protein isolates products among the consumers and the increasing shift to vegetarianism is likely to aid in the market growth of soy protein isolates market.

Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the soy protein isolate market report.

Off flavor and people allergic to soy products can create hurdles for the soy protein isolates market.

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Product Type - Segment Analysis

Dry segment held the largest share in the soy protein isolate market in 2019 and is estimated to grow at a CAGR of 3.98% during the forecast period 2020-2025. This is mainly owing to the demand of soy protein isolate as it has 90% protein content and is isolated from other components from soybean. The consumption of soy protein isolate in functional foods accounts for the significant revenue share, while growing application in bakery and confectionary is expected to result in increased sales in the future. During the forecast period, it is estimated that dry segment will hold the major market share and will grow at a higher CAGR. Soybeans contain biologically active or metabolic proteins such as enzymes, hemagglutinins, trypsin inhibitors and cysteine proteases which is very similar to papain.

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Application - Segment Analysis

Functional foods holds major share in the soy protein isolate market in 2019. The increasing incorporation of soy protein isolate in functional & ready to eat food products by the manufacturers due to the consumer demand is propelling the growth of this segment. Due to growing knowledge of the benefits of plant-based proteins, these proteins are finding use in food, beverages, and supplements in developing countries. In addition, consumers’ demand for product transparency is on significant rise, while protein-focused innovation has been infiltrating an increasingly diverse ranges of F&B categories. However, the application of soy protein isolate in bakery & confectionary is increasing and will grow at a higher CAGR owing to its functional properties such as it improves water absorption and textual characteristics of dough. Other applications of soy protein isolate is as soybean meal which is used in food and animal feeds and is helping in the growth of the market. 

Geography - Segment Analysis

North America dominated the soy protein isolate market with a share of more than 41.5%, followed by Europe. Most consumers of the United States have become health conscious and are alert about preventive health care due to which soy protein isolate is witnessing high adoption. Several magazines and online forums such as Livestrong.com, bodybuilding.com, and shape magazines offer information about lifestyle and diet, thereby potentially raising awareness of new ingredients and products among consumers. Rising shift to products like plan based meat and estimated rise in sales of bakery products are helping in the growth of soy protein isolate market.

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