
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, and Soy Flours), Application (Food and Feed), Form (Dry and Liquid), Nature, Function, and Region - Global Forecast to 2027
- February 8, 2023
- MarketsandMarkets
- 246
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, and Soy Flours), Application (Food and Feed), Form (Dry and Liquid), Nature, Function, and Region - Global Forecast to 2027
Abstract
The global soy protein ingredients market is estimated to be valued at USD 7.7 Billion in 2022. It is projected to reach USD 10.8 Billion by 2027, recording a CAGR of 7.0% during the forecast period. Soy has high nutritive value and is rich in protein content. Protein is essential for important body functions. The demand for protein-enriched food items is on a rise globally. With the growing vegan trends, soy has came up as an important meat and dairy products alternative in the market. Soy based protein is used by consumers for important functions such as muscle and weight management thereby driving its growth.
“Asia Pacific is projected to witness the growth of 9.0% during the forecast period making it the fastest-growing market.”
The soy protein ingredients market in Asia Pacific is growing at a CAGR of 9.0%. The Asia-Pacific region consists of a rising population, some of the world’s fastest-growing economies, and a growing preference for vegetarian and vegan foods, which is expected to thrive the soy protein ingredients market in the region. Moreover, major players are expanding their sales presence and manufacturing plants in the region, pumping the soy protein ingredients market’s ecosystem in the fastest growing region.
“The conventional segment by nature dominates the soy protein ingredients market.”
Though demand for organics is high, chemical pesticides and fertilizers still dominate the farms, especially in developing regions, due to their lower price. As a result, the overall price of the final food and feed product manufactured using inorganic soybean remains significantly lower, targeting consumers in the same region.
Product pricing is a crucial factor in capturing and targeting consumers. To target consumers in developing markets, where per capita income is still rising, and overall awareness and regulatory stringency are low, inorganic soy protein ingredients-based food and feed items can be sold easily. Thus, price is an important factor that is considered an advantage to the sales of conventional soy products, driving the market.
“Change in consumption pattern with growing vegan population is creating opportunities in the soy protein ingredients market.”
The rising vegan population, especially in developed regions such as Europe and North America, has significantly supported the growth of the soy protein ingredients market. In Europe, the vegan population mainly consists of consumers above the age of 15 years. This trend is attributed to the health benefits associated with vegan diets. Lower levels of cholesterols & blood pressure, low body mass index, and reduced chances of heart disease are perceived to be met by adopting vegan diets. This trend is expected to drive demand for plant-based protein sources as an alternative to animal or fish products.
Break-up of Primaries:
By Company Type: Tier 1 – 30.0%, Tier 2- 45.0%, Tier 3 – 25.0%
By Designation: Managers – 50.0%, CXOs – 25.0%, and Executives- 25.0%
By Region: Asia Pacific - 40%, Europe – 30%, North America - 20%, RoW – 10%
Leading players profiled in this report:
•ADM (US)
•Wilmar International Ltd (Singapore)
•Cargill, Incorporated (US)
•International Flavors & Fragrances Inc. (US)
•CHS Inc. (US)
•BRF Global (Brazil)
•Fuji Oil Holdings Inc. (Japan)
•Devansoy (US)
•Crown Protein Soya Group Company (China)
•AG Processing Inc. (US)
•The Scoular Company (US)
•Titan Biotech (India)
•Linyi Shansong Biological Products Co., Ltd (China)
•Foodchem International Corporation (China)
•Farbest Tallman Foods Corporation (US)
•Now Foods (US)
•Sotexpro (France)
•Shandong Sinoglory Health Food Co., Ltd (China)
•Process Agrochem Industries Pvt Ltd (India)
•CJ Selecta (Brazil)
•Taj Agro International (India)
•Nordic Soya Oy (Finland)
•Bremil Group (Brazil)
•Rio Pardo Proteina Vegetal S.A. (Brazil)
•Living Foods (India)
Research Coverage:
The report segments the soy protein ingredients market on the basis of type, application, form,, nature, function, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges of the global soy protein ingredients market.
Reasons to buy this report:
•To get a comprehensive overview of the soy protein ingredients market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions in which the soy protein ingredients market is flourishing
Content
Table of Contents
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.3STUDY SCOPE25
FIGURE 1MARKET SEGMENTATION25
1.4REGIONS COVERED26
1.5YEARS CONSIDERED26
1.6UNITS CONSIDERED27
1.6.1CURRENCY27
TABLE 1USD EXCHANGE RATES CONSIDERED, 2018–202127
1.6.2VOLUME27
1.7STAKEHOLDERS28
1.8SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 2SOY PROTEIN INGREDIENTS MARKET: RESEARCH DESIGN30
2.1.1SECONDARY DATA31
2.1.1.1Key data from secondary sources31
2.1.2PRIMARY DATA31
2.1.2.1Key data from primary sources32
2.1.2.2Breakdown of primaries32
2.1.2.3Key primary insights33
2.2MARKET SIZE ESTIMATION34
2.2.1APPROACH ONE: BOTTOM-UP (BASED ON TYPE, BY REGION)34
2.2.2APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)35
2.3DATA TRIANGULATION36
FIGURE 3DATA TRIANGULATION METHODOLOGY36
2.4STUDY ASSUMPTIONS37
2.5STUDY LIMITATIONS AND RISK ASSESSMENT38
3EXECUTIVE SUMMARY39
TABLE 2SOY PROTEIN INGREDIENTS MARKET SNAPSHOT, 2021 VS. 202740
FIGURE 4SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)40
FIGURE 5SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)41
FIGURE 6SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022 VS. 2027 (USD MILLION)42
FIGURE 7SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022 VS. 2027 (USD MILLION)42
FIGURE 8SOY PROTEIN INGREDIENTS MARKET SHARE (VALUE), BY REGION, 202143
4PREMIUM INSIGHTS44
4.1ATTRACTIVE OPPORTUNITIES FOR SOY PROTEIN INGREDIENTS MARKET PLAYERS44
FIGURE 9RISE IN DEMAND FOR MEAT ALTERNATIVES AND VEGAN FOOD TO DRIVE MARKET44
4.2NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE AND COUNTRY45
FIGURE 10SOY PROTEIN CONCENTRATES AND US ACCOUNTED FOR LARGEST RESPECTIVE MARKET SHARES IN NORTH AMERICA IN 202145
4.3SOY PROTEIN INGREDIENTS MARKET, BY TYPE45
FIGURE 11SOY PROTEIN CONCENTRATES TO LEAD DURING FORECAST PERIOD45
4.4SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION46
FIGURE 12FOOD APPLICATIONS TO DOMINATE DURING FORECAST PERIOD46
4.5SOY PROTEIN INGREDIENTS MARKET, BY FORM46
FIGURE 13DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD46
4.6SOY PROTEIN INGREDIENTS MARKET, BY NATURE47
FIGURE 14CONVENTIONAL INGREDIENTS TO DOMINATE DURING FORECAST PERIOD47
5MARKET OVERVIEW48
5.1INTRODUCTION48
5.2MACROECONOMIC INDICATORS49
5.2.1RISE IN FOOD DEMAND FROM GROWING POPULATION49
FIGURE 15GLOBAL POPULATION PROJECTED TO REACH MORE THAN 9.5 BILLION BY 205049
5.2.2INCREASE IN GLOBAL FEED PRODUCTION49
FIGURE 16GLOBAL FEED PRODUCTION, 2012–2021 (MILLION TON)50
5.2.3INCREASE IN SOYBEAN PRODUCTION50
FIGURE 17SOYBEAN PRODUCTION, BY KEY COUNTRY, 2016–2020 (MILLION TON)50
5.3MARKET DYNAMICS51
FIGURE 18SOY PROTEIN INGREDIENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES51
5.3.1DRIVERS51
5.3.1.1Demand for cheaper protein source51
5.3.1.2Preference for soy as meat and dairy protein alternative52
5.3.1.3High nutritive value of soy52
5.3.2RESTRAINTS53
5.3.2.1Anti-nutritional components of soy protein53
5.3.2.2Ban on soy products of GM origin53
5.3.3OPPORTUNITIES53
5.3.3.1Demand for organic soy protein53
5.3.3.2Growth in demand in other applications54
5.3.3.3Demand for plant-based protein from growing vegan population54
5.3.4CHALLENGES55
5.3.4.1Unpleasant flavor of soy products55
6INDUSTRY TRENDS56
6.1INTRODUCTION56
6.2VALUE CHAIN ANALYSIS56
6.2.1RESEARCH AND PRODUCT DEVELOPMENT56
6.2.2RAW MATERIAL SOURCING56
6.2.3PRODUCTION & PROCESSING57
6.2.4DISTRIBUTION57
6.2.5MARKETING & SALES57
FIGURE 19VALUE CHAIN57
6.3SUPPLY CHAIN ANALYSIS57
FIGURE 20SUPPLY CHAIN58
6.4TECHNOLOGY ANALYSIS58
6.4.1EXTRUSION58
6.5PRICING ANALYSIS58
6.5.1AVERAGE SELLING PRICE, BY TYPE59
FIGURE 21GLOBAL AVERAGE SELLING PRICE (ASP), BY TYPE, 2020–2022 (USD/TON)59
TABLE 3SOY PROTEIN CONCENTRATES ASP, BY REGION, 2020–2022 (USD/TON)59
TABLE 4SOY PROTEIN ISOLATES ASP, BY REGION, 2020–2022 (USD/TON)59
TABLE 5TEXTURED SOY PROTEIN ASP, BY REGION, 2020–2022 (USD/TON)60
6.6ECOSYSTEM MAPPING60
6.6.1DEMAND SIDE60
6.6.2SUPPLY SIDE60
FIGURE 22SOY PROTEIN INGREDIENTS MARKET: ECOSYSTEM61
FIGURE 23MARKET ECOSYSTEM MAPPING62
TABLE 6MARKET ECOSYSTEM MAPPING62
6.7TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES63
FIGURE 24TRENDS IMPACTING BUYER BUSINESSES63
6.8PATENT ANALYSIS64
FIGURE 25PATENT ANALYSIS, 2012–202264
TABLE 7PATENTS PERTAINING TO SOY PROTEIN INGREDIENTS, 2020–202265
6.9TRADE DATA: SOY PROTEIN INGREDIENTS MARKET66
TABLE 8TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2020 (KG)66
TABLE 9TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG)67
6.10KEY CONFERENCES & EVENTS67
TABLE 10KEY CONFERENCES & EVENTS, 202367
6.11PORTER’S FIVE FORCES ANALYSIS67
TABLE 11PORTER’S FIVE FORCES ANALYSIS68
6.11.1THREAT OF NEW ENTRANTS68
6.11.2THREAT OF SUBSTITUTES68
6.11.3BARGAINING POWER OF SUPPLIERS68
6.11.4BARGAINING POWER OF BUYERS68
6.11.5INTENSITY OF COMPETITIVE RIVALRY69
6.12CASE STUDIES69
6.12.1ADM OFFERED FLAVORED PROTEIN-RICH YOGURT BEVERAGE69
6.13KEY STAKEHOLDERS AND BUYING CRITERIA69
6.13.1KEY STAKEHOLDERS IN BUYING PROCESS70
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SOY PROTEIN INGREDIENT APPLICATIONS70
TABLE 12INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SOY PROTEIN INGREDIENT APPLICATIONS70
6.13.2BUYING CRITERIA70
FIGURE 27KEY BUYING CRITERIA FOR TOP APPLICATIONS70
6.14TARIFF & REGULATORY LANDSCAPE71
TABLE 13LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
6.15REGULATORY FRAMEWORK71
6.15.1NORTH AMERICA71
6.15.2EUROPE73
6.15.3ASIA PACIFIC75
6.16RECESSION IMPACT ON SOY PROTEIN INGREDIENTS MARKET76
6.16.1MACROECONOMIC INDICATORS OF RECESSION76
FIGURE 28INDICATORS OF RECESSION76
FIGURE 29GLOBAL INFLATION RATES, 2011–202177
FIGURE 30GLOBAL GDP, 2011–2021 (USD TRILLION)78
FIGURE 31FOOD INGREDIENTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)79
FIGURE 32RECESSION INDICATORS AND THEIR IMPACT ON SOY PROTEIN INGREDIENTS MARKET79
FIGURE 33SOY PROTEIN INGREDIENTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)80
FIGURE 34SOY PROTEIN INGREDIENTS MARKET: DEGREE OF RECESSION IMPACT80
6.16.2RECESSION IMPACT ANALYSIS, BY REGION81
6.16.2.1North America81
FIGURE 35NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–202181
FIGURE 36NORTH AMERICA: RECESSION IMPACT ANALYSIS82
6.16.2.2Europe83
FIGURE 37EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–202183
FIGURE 38EUROPE: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)83
6.16.2.3Asia Pacific84
FIGURE 39ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–202184
FIGURE 40ASIA PACIFIC: RECESSION IMPACT ANALYSIS85
6.16.2.4South America85
FIGURE 41SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–202186
FIGURE 42SOUTH AMERICA: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD MILLION)86
6.16.2.5RoW87
FIGURE 43ROW: INFLATION RATES, BY KEY COUNTRY, 2018–202187
FIGURE 44ROW: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD MILLION)87
7SOY PROTEIN INGREDIENTS MARKET, BY TYPE88
7.1INTRODUCTION89
TABLE 14NUTRITIONAL COMPOSITION OF SOYBEAN89
TABLE 15CHARACTERISTICS OF SOY PROTEIN INGREDIENTS IN APPLICATION SEGMENTS90
FIGURE 45SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)90
TABLE 16SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)91
TABLE 17SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)91
TABLE 18SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (KT)91
TABLE 19SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (KT)92
7.2SOY PROTEIN CONCENTRATES92
7.2.1RISE IN DEMAND FOR HIGH-PROTEIN BAKERY ITEMS92
TABLE 20SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2018–2021 (USD MILLION)93
TABLE 21SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2022–2027 (USD MILLION)93
TABLE 22SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2018–2021 (KT)93
TABLE 23SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2022–2027 (KT)94
7.3SOY PROTEIN ISOLATES94
7.3.1FUNCTIONAL BENEFITS SOUGHT BY PHARMACEUTICAL INDUSTRY94
TABLE 24SOY PROTEIN ISOLATES MARKET, BY REGION, 2018–2021 (USD MILLION)95
TABLE 25SOY PROTEIN ISOLATES MARKET, BY REGION, 2022–2027 (USD MILLION)95
TABLE 26SOY PROTEIN ISOLATES MARKET, BY REGION, 2018–2021 (KT)95
TABLE 27SOY PROTEIN ISOLATES MARKET, BY REGION, 2022–2027 (KT)96
7.4TEXTURED SOY PROTEIN96
7.4.1SIGNIFICANT RISE IN DEMAND FOR PLANT-BASED MEAT ALTERNATIVES96
TABLE 28TEXTURED SOY PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)96
TABLE 29TEXTURED SOY PROTEIN MARKET, BY REGION, 2022–2027 (USD MILLION)97
TABLE 30TEXTURED SOY PROTEIN MARKET, BY REGION, 2018–2021 (KT)97
TABLE 31TEXTURED SOY PROTEIN MARKET, BY REGION, 2022–2027 (KT)97
7.5SOY FLOUR98
7.5.1RISE IN CONSUMER DEMAND FOR GLUTEN-FREE FOODS98
TABLE 32SOY FLOUR USED IN VARIOUS FOOD APPLICATIONS98
TABLE 33SOY FLOUR MARKET, BY REGION, 2018–2021 (USD MILLION)99
TABLE 34SOY FLOUR MARKET, BY REGION, 2022–2027 (USD MILLION)99
TABLE 35SOY FLOUR MARKET, BY REGION, 2018–2021 (KT)100
TABLE 36SOY FLOUR: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)100
7.6OTHER TYPES100
TABLE 37OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)101
TABLE 38OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)101
TABLE 39OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (KT)101
TABLE 40OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)102
8SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION103
8.1INTRODUCTION104
TABLE 41INCORPORATION LEVEL OF SOY PROTEIN INGREDIENTS IN APPLICATIONS104
FIGURE 46SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)106
TABLE 42SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)106
TABLE 43SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)106
8.2FOOD107
8.2.1CONSUMER SHIFT TOWARD PLANT-BASED FOODS107
TABLE 44FOOD APPLICATION MARKET, BY REGION, 2018–2021 (USD MILLION)107
TABLE 45FOOD APPLICATION MARKET, BY REGION, 2022–2027 (USD MILLION)108
TABLE 46FOOD APPLICATION MARKET, BY SUBAPPLICATION, 2018–2021 (USD MILLION)108
TABLE 47FOOD APPLICATION MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)108
8.2.2MEAT ALTERNATIVES109
TABLE 48APPLICATION OF SOY PROTEIN INGREDIENTS IN PROCESSED MUSCLE FOODS109
8.2.3DAIRY ALTERNATIVES109
8.2.4BAKERY PRODUCTS110
8.2.5PERFORMANCE NUTRITION110
8.2.6CONVENIENCE FOODS110
8.2.7BEVERAGES111
8.2.8OTHER FOOD APPLICATIONS111
8.3FEED111
8.3.1GROWTH IN DEMAND FOR CLEAN LABEL AND SUSTAINABLE FEED PRODUCTS111
TABLE 49FEED APPLICATION MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 50FEED APPLICATION MARKET, BY REGION, 2022–2027 (USD MILLION)112
TABLE 51FEED APPLICATION MARKET, BY SUBAPPLICATION, 2018–2021 (USD MILLION)112
TABLE 52FEED APPLICATION MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)113
8.3.2CATTLE113
8.3.3SWINE113
8.3.4POULTRY113
8.3.5PET FOOD114
8.3.6AQUAFEED114
9SOY PROTEIN INGREDIENTS MARKET, BY FORM115
9.1INTRODUCTION116
FIGURE 47DRY INGREDIENTS TO DOMINATE MARKET FROM 2022 TO 2027 (USD MILLION)116
TABLE 53SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)116
TABLE 54SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)116
9.2DRY117
9.2.1LONGER SHELF LIFE, CONSISTENT MOUTH FEEL, AND EASE OF USE OF DRY INGREDIENTS IN RECIPES117
TABLE 55DRY SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)117
TABLE 56DRY SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)117
9.3LIQUID118
9.3.1EASY BLENDABILITY AND RISE IN DEMAND FOR RTD BEVERAGES AND INFANT NUTRITION118
TABLE 57LIQUID SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)118
TABLE 58LIQUID SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)118
10SOY PROTEIN INGREDIENTS MARKET, BY NATURE119
10.1INTRODUCTION120
FIGURE 48CONVENTIONAL SEGMENT TO DOMINATE SOY PROTEIN INGREDIENTS MARKET FROM 2022 TO 2027 (USD MILLION)120
TABLE 59SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)120
TABLE 60SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)121
10.2CONVENTIONAL121
10.2.1SIGNIFICANTLY LOWER PRICES OF FOOD ITEMS PRODUCED CONVENTIONALLY121
TABLE 61CONVENTIONAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)121
TABLE 62CONVENTIONAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)122
10.3ORGANIC122
10.3.1HIGH CONSUMER DEMAND AND PREFERENCE FOR THEIR HEALTH BENEFITS122
TABLE 63ORGANIC SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)122
TABLE 64ORGANIC SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)123
11SOY PROTEIN INGREDIENTS MARKET, BY FUNCTION124
11.1INTRODUCTION124
11.2MUSCLE HEALTH124
11.2.1POST-PANDEMIC CONSUMER SHIFT TOWARD HIGH PROTEIN INTAKE FOR MUSCLE HEALTH124
11.3HEART HEALTH125
11.3.1PREFERENCE FOR ALTERNATIVES AS HEART DISEASES ARE ASSOCIATED WITH RED MEAT125
11.4WEIGHT MANAGEMENT125
11.4.1SIGNIFICANCE OF WEIGHT MANAGEMENT IN COMBATING VARIOUS HEALTH CONCERNS125
11.5OTHER FUNCTIONS125
12SOY PROTEIN INGREDIENTS MARKET, BY REGION126
12.1INTRODUCTION127
FIGURE 49SOY PROTEIN INGREDIENTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES127
TABLE 65SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)128
TABLE 66SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)128
TABLE 67SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (KT)128
TABLE 68SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)129
12.2NORTH AMERICA129
FIGURE 50NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET SNAPSHOT130
TABLE 69NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)130
TABLE 70NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)131
TABLE 71NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)131
TABLE 72NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)131
TABLE 73NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)132
TABLE 74NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)132
TABLE 75NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)132
TABLE 76NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)132
TABLE 77NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)133
TABLE 78NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)133
12.2.1US133
12.2.1.1Increased consumption and dependency on plant-based meat and dairy alternatives133
TABLE 79US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)134
TABLE 80US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)134
12.2.2CANADA134
12.2.2.1Shift toward plant-based foods from conventional animal-source products134
TABLE 81CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)135
TABLE 82CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)135
12.2.3MEXICO135
12.2.3.1Change in diet patterns and rise in disposable income135
TABLE 83MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)136
TABLE 84MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)136
12.3EUROPE136
TABLE 85EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)137
TABLE 86EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)137
TABLE 87EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)138
TABLE 88EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)138
TABLE 89EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (KT)138
TABLE 90EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (KT)139
TABLE 91EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)139
TABLE 92EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)139
TABLE 93EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)139
TABLE 94EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)140
TABLE 95EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)140
TABLE 96EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)140
12.3.1GERMANY140
12.3.1.1Higher consumption of plant-based food and adoption of flexitarian diets140
TABLE 97GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)141
TABLE 98GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)141
12.3.2FRANCE141
12.3.2.1Government measures to increase production of plant-based protein141
TABLE 99FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)142
TABLE 100FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)142
12.3.3UK142
12.3.3.1Increased health awareness among consumers142
TABLE 101UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)143
TABLE 102UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)143
12.3.4ITALY143
12.3.4.1Rise in consumer preference for plant-based proteins143
TABLE 103ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)144
TABLE 104ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)144
12.3.5SPAIN144
12.3.5.1Robust growth of plant-based food sector144
TABLE 105SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)145
TABLE 106SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)145
12.3.6NETHERLANDS145
12.3.6.1Transition toward plant-based food systems145
TABLE 107NETHERLANDS: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)146
TABLE 108NETHERLANDS: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)146
12.3.7BELGIUM146
12.3.7.1Rise in vegan and flexitarian population146
TABLE 109BELGIUM: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)147
TABLE 110BELGIUM: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)147
12.3.8REST OF EUROPE147
TABLE 111REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)148
TABLE 112REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)148
12.4ASIA PACIFIC148
FIGURE 51ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET SNAPSHOT149
TABLE 113ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)150
TABLE 114ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)150
TABLE 115ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)150
TABLE 116ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)151
TABLE 117ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)151
TABLE 118ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)151
TABLE 119ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)151
TABLE 120ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)152
TABLE 121ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)152
TABLE 122ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)152
12.4.1CHINA152
12.4.1.1Robust soy protein ingredient supply chain and adoption of plant-based food152
TABLE 123CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)153
TABLE 124CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)153
12.4.2JAPAN154
12.4.2.1Increase in geriatric population154
TABLE 125JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)154
TABLE 126JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)154
12.4.3INDIA154
12.4.3.1Large vegetarian population and prevalence of cardiovascular diseases154
TABLE 127INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)155
TABLE 128INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)155
12.4.4AUSTRALIA & NEW ZEALAND155
12.4.4.1Government initiatives to support plant protein sector155
TABLE 129AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)156
TABLE 130AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)156
12.4.5REST OF ASIA PACIFIC157
TABLE 131REST OF ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)157
TABLE 132REST OF ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)157
12.5SOUTH AMERICA158
TABLE 133SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)158
TABLE 134SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)158
TABLE 135SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)159
TABLE 136SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)159
TABLE 137SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)159
TABLE 138SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)160
TABLE 139SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)160
TABLE 140SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)160
TABLE 141SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)160
TABLE 142SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)161
12.5.1BRAZIL161
12.5.1.1Boost in soybean production and processing ecosystem161
TABLE 143BRAZIL: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)161
TABLE 144BRAZIL: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)162
12.5.2ARGENTINA162
12.5.2.1Rise in obesity incidence rates162
TABLE 145ARGENTINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)162
TABLE 146ARGENTINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)163
12.5.3REST OF SOUTH AMERICA163
TABLE 147REST OF SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)163
TABLE 148REST OF SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)164
12.6ROW164
TABLE 149ROW: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)164
TABLE 150ROW: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)164
TABLE 151ROW: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)165
TABLE 152ROW: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)165
TABLE 153ROW: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)165
TABLE 154ROW: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)166
TABLE 155ROW: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)166
TABLE 156ROW: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)166
TABLE 157ROW: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)166
TABLE 158ROW: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)167
12.6.1AFRICA167
12.6.1.1Surge in cases of malnutrition167
TABLE 159AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)167
TABLE 160AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)167
12.6.2MIDDLE EAST168
12.6.2.1Rise in incidences of obesity and diabetes168
TABLE 161MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)168
TABLE 162MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)168
13COMPETITIVE LANDSCAPE169
13.1OVERVIEW169
13.2MARKET SHARE ANALYSIS169
TABLE 163GLOBAL SOY PROTEIN INGREDIENTS MARKET: DEGREE OF COMPETITION (COMPETITIVE)170
13.3SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS170
FIGURE 52SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD MILLION)170
13.4KEY PLAYER STRATEGIES171
TABLE 164STRATEGIES ADOPTED BY KEY SOY PROTEIN INGREDIENTS MANUFACTURERS171
13.5COMPANY EVALUATION QUADRANT (KEY PLAYERS)173
13.5.1STARS173
13.5.2EMERGING LEADERS173
13.5.3PERVASIVE PLAYERS173
13.5.4PARTICIPANTS173
FIGURE 53SOY PROTEIN INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)174
13.6PRODUCT FOOTPRINT174
TABLE 165COMPANY INGREDIENT FOOTPRINT174
TABLE 166COMPANY APPLICATION FOOTPRINT175
TABLE 167COMPANY REGIONAL FOOTPRINT176
TABLE 168OVERALL COMPANY FOOTPRINT177
13.7EVALUATION QUADRANT FOR STARTUPS/SMES177
13.7.1PROGRESSIVE COMPANIES177
13.7.2STARTING BLOCKS178
13.7.3RESPONSIVE COMPANIES178
13.7.4DYNAMIC COMPANIES178
FIGURE 54SOY PROTEIN INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (STARTUPS/SMES)179
13.7.5COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES180
TABLE 169SOY PROTEIN INGREDIENTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES180
TABLE 170SOY PROTEIN INGREDIENTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES181
13.8COMPETITIVE SCENARIO182
13.8.1NEW PRODUCT LAUNCHES182
TABLE 171SOY PROTEIN INGREDIENTS: NEW PRODUCT LAUNCHES, 2019–2022182
13.8.2DEALS182
TABLE 172SOY PROTEIN INGREDIENTS: DEALS, 2018–2022182
13.8.3OTHER DEVELOPMENTS183
TABLE 173SOY PROTEIN INGREDIENTS: OTHER DEVELOPMENTS, 2019–2022183
14COMPANY PROFILES185
14.1KEY COMPANIES185
(Business Overview, Solutions, Products & Services offered Recent Developments, MnM View)*
14.1.1ADM185
TABLE 174ADM: BUSINESS OVERVIEW, 2021185
FIGURE 55ADM: COMPANY SNAPSHOT186
TABLE 175ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED186
TABLE 176ADM: DEALS187
TABLE 177ADM: OTHERS188
14.1.2WILMAR INTERNATIONAL LTD189
TABLE 178WILMAR INTERNATIONAL LTD: BUSINESS OVERVIEW, 2021189
FIGURE 56WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT190
TABLE 179WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED190
TABLE 180WILMAR INTERNATIONAL LTD: DEALS191
14.1.3CARGILL, INCORPORATED192
TABLE 181CARGILL, INCORPORATED: BUSINESS OVERVIEW, 2021192
FIGURE 57CARGILL, INCORPORATED: COMPANY SNAPSHOT193
TABLE 182CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED193
TABLE 183CARGILL, INCORPORATED: DEALS193
TABLE 184CARGILL, INCORPORATED: OTHERS194
14.1.4INTERNATIONAL FLAVORS & FRAGRANCES INC.195
TABLE 185INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW, 2021195
FIGURE 58INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT196
TABLE 186INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED196
TABLE 187INTERNATIONAL FLAVORS & FRAGRANCES INC.: NEW PRODUCT LAUNCHES197
TABLE 188INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS197
14.1.5CHS INC.199
TABLE 189CHS INC.: BUSINESS OVERVIEW, 2021199
FIGURE 59CHS INC.: COMPANY SNAPSHOT200
TABLE 190CHS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED200
TABLE 191CHS INC.: OTHERS201
14.1.6BRF GLOBAL202
TABLE 192BRF GLOBAL: BUSINESS OVERVIEW, 2021202
FIGURE 60BRF GLOBAL: COMPANY SNAPSHOT202
TABLE 193BRF GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED203
14.1.7FUJI OIL HOLDINGS INC.204
TABLE 194FUJI OIL HOLDINGS INC.: BUSINESS OVERVIEW, 2021204
FIGURE 61FUJI OIL HOLDINGS INC.: COMPANY SNAPSHOT205
TABLE 195FUJI OIL HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED205
TABLE 196FUJI OIL HOLDINGS INC.: OTHERS206
14.1.8DEVANSOY207
TABLE 197DEVANSOY: BUSINESS OVERVIEW, 2021207
TABLE 198DEVANSOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED207
14.1.9CROWN SOYA PROTEIN GROUP COMPANY209
TABLE 199CROWN SOYA PROTEIN GROUP COMPANY: BUSINESS OVERVIEW, 2021209
TABLE 200CROWN SOYA PROTEIN GROUP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED209
14.1.10AG PROCESSING INC.211
TABLE 201AG PROCESSING INC.: BUSINESS OVERVIEW, 2021211
TABLE 202AG PROCESSING INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED211
TABLE 203AG PROCESSING INC.: OTHERS211
14.1.11THE SCOULAR COMPANY213
TABLE 204THE SCOULAR COMPANY: BUSINESS OVERVIEW, 2021213
FIGURE 62THE SCOULAR COMPANY: COMPANY SNAPSHOT213
TABLE 205THE SCOULAR COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED214
TABLE 206THE SCOULAR COMPANY: DEALS214
TABLE 207THE SCOULAR COMPANY: OTHERS215
14.1.12TITAN BIOTECH216
TABLE 208TITAN BIOTECH: BUSINESS OVERVIEW, 2021216
FIGURE 63TITAN BIOTECH: COMPANY SNAPSHOT217
TABLE 209TITAN BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED217
14.1.13LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD219
TABLE 210LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD:
BUSINESS OVERVIEW, 2021219
TABLE 211LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED219
14.1.14FOODCHEM INTERNATIONAL CORPORATION221
TABLE 212FOODCHEM INTERNATIONAL CORPORATION: BUSINESS OVERVIEW, 2021221
TABLE 213FOODCHEM INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED221
14.1.15FARBEST TALLMAN FOODS CORPORATION222
TABLE 214FARBEST TALLMAN FOODS CORPORATION: BUSINESS OVERVIEW, 2021222
TABLE 215FARBEST TALLMAN FOODS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED222
14.2OTHER PLAYERS224
14.2.1NOW FOODS224
TABLE 216NOW FOODS: COMPANY OVERVIEW224
14.2.2SOTEXPRO225
TABLE 217SOTEXPRO: COMPANY OVERVIEW225
14.2.3SHANDONG SINOGLORY HEALTH FOOD CO., LTD226
TABLE 218SHANDONG SINOGLORY HEALTH FOOD CO., LTD: COMPANY OVERVIEW226
14.2.4PROCESS AGROCHEM INDUSTRIES PVT LTD.227
TABLE 219PROCESS AGROCHEM INDUSTRIES PVT. LTD.: COMPANY OVERVIEW227
14.2.5CJ SELECTA228
TABLE 220CJ SELECTA: COMPANY OVERVIEW228
14.2.6TAJ AGRO INTERNATIONAL229
TABLE 221TAJ AGRO INTERNATIONAL: COMPANY OVERVIEW229
14.2.7NORDIC SOYA OY230
TABLE 222NORDIC SOYA OY: COMPANY OVERVIEW230
14.2.8BREMIL GROUP231
TABLE 223BREMIL GROUP: COMPANY OVERVIEW231
14.2.9RIO PARDO PROTEINA VEGETAL S.A.232
TABLE 224RIO PARDO PROTEINA VEGETAL S.A.: COMPANY OVERVIEW232
14.2.10LIVING FOODS233
TABLE 225LIVING FOODS: COMPANY OVERVIEW233
*Details on Business Overview, Solutions Products & Services offered, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
15ADJACENT AND RELATED MARKETS234
15.1INTRODUCTION234
TABLE 226ADJACENT MARKETS234
15.2RESEARCH LIMITATIONS234
15.3PROTEIN INGREDIENTS MARKET234
15.3.1MARKET DEFINITION234
15.3.2MARKET OVERVIEW235
TABLE 227PROTEIN INGREDIENTS MARKET, BY SOURCE, 2020–2025 (USD MILLION)235
15.4PLANT-BASED PROTEIN MARKET235
15.4.1MARKET DEFINITION235
15.4.2MARKET OVERVIEW236
TABLE 228PLANT-BASED PROTEIN MARKET, BY TYPE, 2019–2027 (USD MILLION)236
16APPENDIX237
16.1DISCUSSION GUIDE237
16.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL243
16.3CUSTOMIZATION OPTIONS245
16.4RELATED REP
“Asia Pacific is projected to witness the growth of 9.0% during the forecast period making it the fastest-growing market.”
The soy protein ingredients market in Asia Pacific is growing at a CAGR of 9.0%. The Asia-Pacific region consists of a rising population, some of the world’s fastest-growing economies, and a growing preference for vegetarian and vegan foods, which is expected to thrive the soy protein ingredients market in the region. Moreover, major players are expanding their sales presence and manufacturing plants in the region, pumping the soy protein ingredients market’s ecosystem in the fastest growing region.
“The conventional segment by nature dominates the soy protein ingredients market.”
Though demand for organics is high, chemical pesticides and fertilizers still dominate the farms, especially in developing regions, due to their lower price. As a result, the overall price of the final food and feed product manufactured using inorganic soybean remains significantly lower, targeting consumers in the same region.
Product pricing is a crucial factor in capturing and targeting consumers. To target consumers in developing markets, where per capita income is still rising, and overall awareness and regulatory stringency are low, inorganic soy protein ingredients-based food and feed items can be sold easily. Thus, price is an important factor that is considered an advantage to the sales of conventional soy products, driving the market.
“Change in consumption pattern with growing vegan population is creating opportunities in the soy protein ingredients market.”
The rising vegan population, especially in developed regions such as Europe and North America, has significantly supported the growth of the soy protein ingredients market. In Europe, the vegan population mainly consists of consumers above the age of 15 years. This trend is attributed to the health benefits associated with vegan diets. Lower levels of cholesterols & blood pressure, low body mass index, and reduced chances of heart disease are perceived to be met by adopting vegan diets. This trend is expected to drive demand for plant-based protein sources as an alternative to animal or fish products.
Break-up of Primaries:
By Company Type: Tier 1 – 30.0%, Tier 2- 45.0%, Tier 3 – 25.0%
By Designation: Managers – 50.0%, CXOs – 25.0%, and Executives- 25.0%
By Region: Asia Pacific - 40%, Europe – 30%, North America - 20%, RoW – 10%
Leading players profiled in this report:
•ADM (US)
•Wilmar International Ltd (Singapore)
•Cargill, Incorporated (US)
•International Flavors & Fragrances Inc. (US)
•CHS Inc. (US)
•BRF Global (Brazil)
•Fuji Oil Holdings Inc. (Japan)
•Devansoy (US)
•Crown Protein Soya Group Company (China)
•AG Processing Inc. (US)
•The Scoular Company (US)
•Titan Biotech (India)
•Linyi Shansong Biological Products Co., Ltd (China)
•Foodchem International Corporation (China)
•Farbest Tallman Foods Corporation (US)
•Now Foods (US)
•Sotexpro (France)
•Shandong Sinoglory Health Food Co., Ltd (China)
•Process Agrochem Industries Pvt Ltd (India)
•CJ Selecta (Brazil)
•Taj Agro International (India)
•Nordic Soya Oy (Finland)
•Bremil Group (Brazil)
•Rio Pardo Proteina Vegetal S.A. (Brazil)
•Living Foods (India)
Research Coverage:
The report segments the soy protein ingredients market on the basis of type, application, form,, nature, function, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges of the global soy protein ingredients market.
Reasons to buy this report:
•To get a comprehensive overview of the soy protein ingredients market
•To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
•To gain insights about the major countries/regions in which the soy protein ingredients market is flourishing
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION24
1.3STUDY SCOPE25
FIGURE 1MARKET SEGMENTATION25
1.4REGIONS COVERED26
1.5YEARS CONSIDERED26
1.6UNITS CONSIDERED27
1.6.1CURRENCY27
TABLE 1USD EXCHANGE RATES CONSIDERED, 2018–202127
1.6.2VOLUME27
1.7STAKEHOLDERS28
1.8SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 2SOY PROTEIN INGREDIENTS MARKET: RESEARCH DESIGN30
2.1.1SECONDARY DATA31
2.1.1.1Key data from secondary sources31
2.1.2PRIMARY DATA31
2.1.2.1Key data from primary sources32
2.1.2.2Breakdown of primaries32
2.1.2.3Key primary insights33
2.2MARKET SIZE ESTIMATION34
2.2.1APPROACH ONE: BOTTOM-UP (BASED ON TYPE, BY REGION)34
2.2.2APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)35
2.3DATA TRIANGULATION36
FIGURE 3DATA TRIANGULATION METHODOLOGY36
2.4STUDY ASSUMPTIONS37
2.5STUDY LIMITATIONS AND RISK ASSESSMENT38
3EXECUTIVE SUMMARY39
TABLE 2SOY PROTEIN INGREDIENTS MARKET SNAPSHOT, 2021 VS. 202740
FIGURE 4SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)40
FIGURE 5SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)41
FIGURE 6SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022 VS. 2027 (USD MILLION)42
FIGURE 7SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022 VS. 2027 (USD MILLION)42
FIGURE 8SOY PROTEIN INGREDIENTS MARKET SHARE (VALUE), BY REGION, 202143
4PREMIUM INSIGHTS44
4.1ATTRACTIVE OPPORTUNITIES FOR SOY PROTEIN INGREDIENTS MARKET PLAYERS44
FIGURE 9RISE IN DEMAND FOR MEAT ALTERNATIVES AND VEGAN FOOD TO DRIVE MARKET44
4.2NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE AND COUNTRY45
FIGURE 10SOY PROTEIN CONCENTRATES AND US ACCOUNTED FOR LARGEST RESPECTIVE MARKET SHARES IN NORTH AMERICA IN 202145
4.3SOY PROTEIN INGREDIENTS MARKET, BY TYPE45
FIGURE 11SOY PROTEIN CONCENTRATES TO LEAD DURING FORECAST PERIOD45
4.4SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION46
FIGURE 12FOOD APPLICATIONS TO DOMINATE DURING FORECAST PERIOD46
4.5SOY PROTEIN INGREDIENTS MARKET, BY FORM46
FIGURE 13DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD46
4.6SOY PROTEIN INGREDIENTS MARKET, BY NATURE47
FIGURE 14CONVENTIONAL INGREDIENTS TO DOMINATE DURING FORECAST PERIOD47
5MARKET OVERVIEW48
5.1INTRODUCTION48
5.2MACROECONOMIC INDICATORS49
5.2.1RISE IN FOOD DEMAND FROM GROWING POPULATION49
FIGURE 15GLOBAL POPULATION PROJECTED TO REACH MORE THAN 9.5 BILLION BY 205049
5.2.2INCREASE IN GLOBAL FEED PRODUCTION49
FIGURE 16GLOBAL FEED PRODUCTION, 2012–2021 (MILLION TON)50
5.2.3INCREASE IN SOYBEAN PRODUCTION50
FIGURE 17SOYBEAN PRODUCTION, BY KEY COUNTRY, 2016–2020 (MILLION TON)50
5.3MARKET DYNAMICS51
FIGURE 18SOY PROTEIN INGREDIENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES51
5.3.1DRIVERS51
5.3.1.1Demand for cheaper protein source51
5.3.1.2Preference for soy as meat and dairy protein alternative52
5.3.1.3High nutritive value of soy52
5.3.2RESTRAINTS53
5.3.2.1Anti-nutritional components of soy protein53
5.3.2.2Ban on soy products of GM origin53
5.3.3OPPORTUNITIES53
5.3.3.1Demand for organic soy protein53
5.3.3.2Growth in demand in other applications54
5.3.3.3Demand for plant-based protein from growing vegan population54
5.3.4CHALLENGES55
5.3.4.1Unpleasant flavor of soy products55
6INDUSTRY TRENDS56
6.1INTRODUCTION56
6.2VALUE CHAIN ANALYSIS56
6.2.1RESEARCH AND PRODUCT DEVELOPMENT56
6.2.2RAW MATERIAL SOURCING56
6.2.3PRODUCTION & PROCESSING57
6.2.4DISTRIBUTION57
6.2.5MARKETING & SALES57
FIGURE 19VALUE CHAIN57
6.3SUPPLY CHAIN ANALYSIS57
FIGURE 20SUPPLY CHAIN58
6.4TECHNOLOGY ANALYSIS58
6.4.1EXTRUSION58
6.5PRICING ANALYSIS58
6.5.1AVERAGE SELLING PRICE, BY TYPE59
FIGURE 21GLOBAL AVERAGE SELLING PRICE (ASP), BY TYPE, 2020–2022 (USD/TON)59
TABLE 3SOY PROTEIN CONCENTRATES ASP, BY REGION, 2020–2022 (USD/TON)59
TABLE 4SOY PROTEIN ISOLATES ASP, BY REGION, 2020–2022 (USD/TON)59
TABLE 5TEXTURED SOY PROTEIN ASP, BY REGION, 2020–2022 (USD/TON)60
6.6ECOSYSTEM MAPPING60
6.6.1DEMAND SIDE60
6.6.2SUPPLY SIDE60
FIGURE 22SOY PROTEIN INGREDIENTS MARKET: ECOSYSTEM61
FIGURE 23MARKET ECOSYSTEM MAPPING62
TABLE 6MARKET ECOSYSTEM MAPPING62
6.7TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES63
FIGURE 24TRENDS IMPACTING BUYER BUSINESSES63
6.8PATENT ANALYSIS64
FIGURE 25PATENT ANALYSIS, 2012–202264
TABLE 7PATENTS PERTAINING TO SOY PROTEIN INGREDIENTS, 2020–202265
6.9TRADE DATA: SOY PROTEIN INGREDIENTS MARKET66
TABLE 8TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2020 (KG)66
TABLE 9TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG)67
6.10KEY CONFERENCES & EVENTS67
TABLE 10KEY CONFERENCES & EVENTS, 202367
6.11PORTER’S FIVE FORCES ANALYSIS67
TABLE 11PORTER’S FIVE FORCES ANALYSIS68
6.11.1THREAT OF NEW ENTRANTS68
6.11.2THREAT OF SUBSTITUTES68
6.11.3BARGAINING POWER OF SUPPLIERS68
6.11.4BARGAINING POWER OF BUYERS68
6.11.5INTENSITY OF COMPETITIVE RIVALRY69
6.12CASE STUDIES69
6.12.1ADM OFFERED FLAVORED PROTEIN-RICH YOGURT BEVERAGE69
6.13KEY STAKEHOLDERS AND BUYING CRITERIA69
6.13.1KEY STAKEHOLDERS IN BUYING PROCESS70
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SOY PROTEIN INGREDIENT APPLICATIONS70
TABLE 12INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SOY PROTEIN INGREDIENT APPLICATIONS70
6.13.2BUYING CRITERIA70
FIGURE 27KEY BUYING CRITERIA FOR TOP APPLICATIONS70
6.14TARIFF & REGULATORY LANDSCAPE71
TABLE 13LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
6.15REGULATORY FRAMEWORK71
6.15.1NORTH AMERICA71
6.15.2EUROPE73
6.15.3ASIA PACIFIC75
6.16RECESSION IMPACT ON SOY PROTEIN INGREDIENTS MARKET76
6.16.1MACROECONOMIC INDICATORS OF RECESSION76
FIGURE 28INDICATORS OF RECESSION76
FIGURE 29GLOBAL INFLATION RATES, 2011–202177
FIGURE 30GLOBAL GDP, 2011–2021 (USD TRILLION)78
FIGURE 31FOOD INGREDIENTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)79
FIGURE 32RECESSION INDICATORS AND THEIR IMPACT ON SOY PROTEIN INGREDIENTS MARKET79
FIGURE 33SOY PROTEIN INGREDIENTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)80
FIGURE 34SOY PROTEIN INGREDIENTS MARKET: DEGREE OF RECESSION IMPACT80
6.16.2RECESSION IMPACT ANALYSIS, BY REGION81
6.16.2.1North America81
FIGURE 35NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–202181
FIGURE 36NORTH AMERICA: RECESSION IMPACT ANALYSIS82
6.16.2.2Europe83
FIGURE 37EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–202183
FIGURE 38EUROPE: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)83
6.16.2.3Asia Pacific84
FIGURE 39ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–202184
FIGURE 40ASIA PACIFIC: RECESSION IMPACT ANALYSIS85
6.16.2.4South America85
FIGURE 41SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–202186
FIGURE 42SOUTH AMERICA: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD MILLION)86
6.16.2.5RoW87
FIGURE 43ROW: INFLATION RATES, BY KEY COUNTRY, 2018–202187
FIGURE 44ROW: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD MILLION)87
7SOY PROTEIN INGREDIENTS MARKET, BY TYPE88
7.1INTRODUCTION89
TABLE 14NUTRITIONAL COMPOSITION OF SOYBEAN89
TABLE 15CHARACTERISTICS OF SOY PROTEIN INGREDIENTS IN APPLICATION SEGMENTS90
FIGURE 45SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)90
TABLE 16SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)91
TABLE 17SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)91
TABLE 18SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (KT)91
TABLE 19SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (KT)92
7.2SOY PROTEIN CONCENTRATES92
7.2.1RISE IN DEMAND FOR HIGH-PROTEIN BAKERY ITEMS92
TABLE 20SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2018–2021 (USD MILLION)93
TABLE 21SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2022–2027 (USD MILLION)93
TABLE 22SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2018–2021 (KT)93
TABLE 23SOY PROTEIN CONCENTRATES MARKET, BY REGION, 2022–2027 (KT)94
7.3SOY PROTEIN ISOLATES94
7.3.1FUNCTIONAL BENEFITS SOUGHT BY PHARMACEUTICAL INDUSTRY94
TABLE 24SOY PROTEIN ISOLATES MARKET, BY REGION, 2018–2021 (USD MILLION)95
TABLE 25SOY PROTEIN ISOLATES MARKET, BY REGION, 2022–2027 (USD MILLION)95
TABLE 26SOY PROTEIN ISOLATES MARKET, BY REGION, 2018–2021 (KT)95
TABLE 27SOY PROTEIN ISOLATES MARKET, BY REGION, 2022–2027 (KT)96
7.4TEXTURED SOY PROTEIN96
7.4.1SIGNIFICANT RISE IN DEMAND FOR PLANT-BASED MEAT ALTERNATIVES96
TABLE 28TEXTURED SOY PROTEIN MARKET, BY REGION, 2018–2021 (USD MILLION)96
TABLE 29TEXTURED SOY PROTEIN MARKET, BY REGION, 2022–2027 (USD MILLION)97
TABLE 30TEXTURED SOY PROTEIN MARKET, BY REGION, 2018–2021 (KT)97
TABLE 31TEXTURED SOY PROTEIN MARKET, BY REGION, 2022–2027 (KT)97
7.5SOY FLOUR98
7.5.1RISE IN CONSUMER DEMAND FOR GLUTEN-FREE FOODS98
TABLE 32SOY FLOUR USED IN VARIOUS FOOD APPLICATIONS98
TABLE 33SOY FLOUR MARKET, BY REGION, 2018–2021 (USD MILLION)99
TABLE 34SOY FLOUR MARKET, BY REGION, 2022–2027 (USD MILLION)99
TABLE 35SOY FLOUR MARKET, BY REGION, 2018–2021 (KT)100
TABLE 36SOY FLOUR: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)100
7.6OTHER TYPES100
TABLE 37OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)101
TABLE 38OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)101
TABLE 39OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (KT)101
TABLE 40OTHER SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)102
8SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION103
8.1INTRODUCTION104
TABLE 41INCORPORATION LEVEL OF SOY PROTEIN INGREDIENTS IN APPLICATIONS104
FIGURE 46SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)106
TABLE 42SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)106
TABLE 43SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)106
8.2FOOD107
8.2.1CONSUMER SHIFT TOWARD PLANT-BASED FOODS107
TABLE 44FOOD APPLICATION MARKET, BY REGION, 2018–2021 (USD MILLION)107
TABLE 45FOOD APPLICATION MARKET, BY REGION, 2022–2027 (USD MILLION)108
TABLE 46FOOD APPLICATION MARKET, BY SUBAPPLICATION, 2018–2021 (USD MILLION)108
TABLE 47FOOD APPLICATION MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)108
8.2.2MEAT ALTERNATIVES109
TABLE 48APPLICATION OF SOY PROTEIN INGREDIENTS IN PROCESSED MUSCLE FOODS109
8.2.3DAIRY ALTERNATIVES109
8.2.4BAKERY PRODUCTS110
8.2.5PERFORMANCE NUTRITION110
8.2.6CONVENIENCE FOODS110
8.2.7BEVERAGES111
8.2.8OTHER FOOD APPLICATIONS111
8.3FEED111
8.3.1GROWTH IN DEMAND FOR CLEAN LABEL AND SUSTAINABLE FEED PRODUCTS111
TABLE 49FEED APPLICATION MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 50FEED APPLICATION MARKET, BY REGION, 2022–2027 (USD MILLION)112
TABLE 51FEED APPLICATION MARKET, BY SUBAPPLICATION, 2018–2021 (USD MILLION)112
TABLE 52FEED APPLICATION MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)113
8.3.2CATTLE113
8.3.3SWINE113
8.3.4POULTRY113
8.3.5PET FOOD114
8.3.6AQUAFEED114
9SOY PROTEIN INGREDIENTS MARKET, BY FORM115
9.1INTRODUCTION116
FIGURE 47DRY INGREDIENTS TO DOMINATE MARKET FROM 2022 TO 2027 (USD MILLION)116
TABLE 53SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)116
TABLE 54SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)116
9.2DRY117
9.2.1LONGER SHELF LIFE, CONSISTENT MOUTH FEEL, AND EASE OF USE OF DRY INGREDIENTS IN RECIPES117
TABLE 55DRY SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)117
TABLE 56DRY SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)117
9.3LIQUID118
9.3.1EASY BLENDABILITY AND RISE IN DEMAND FOR RTD BEVERAGES AND INFANT NUTRITION118
TABLE 57LIQUID SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)118
TABLE 58LIQUID SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)118
10SOY PROTEIN INGREDIENTS MARKET, BY NATURE119
10.1INTRODUCTION120
FIGURE 48CONVENTIONAL SEGMENT TO DOMINATE SOY PROTEIN INGREDIENTS MARKET FROM 2022 TO 2027 (USD MILLION)120
TABLE 59SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)120
TABLE 60SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)121
10.2CONVENTIONAL121
10.2.1SIGNIFICANTLY LOWER PRICES OF FOOD ITEMS PRODUCED CONVENTIONALLY121
TABLE 61CONVENTIONAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)121
TABLE 62CONVENTIONAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)122
10.3ORGANIC122
10.3.1HIGH CONSUMER DEMAND AND PREFERENCE FOR THEIR HEALTH BENEFITS122
TABLE 63ORGANIC SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)122
TABLE 64ORGANIC SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)123
11SOY PROTEIN INGREDIENTS MARKET, BY FUNCTION124
11.1INTRODUCTION124
11.2MUSCLE HEALTH124
11.2.1POST-PANDEMIC CONSUMER SHIFT TOWARD HIGH PROTEIN INTAKE FOR MUSCLE HEALTH124
11.3HEART HEALTH125
11.3.1PREFERENCE FOR ALTERNATIVES AS HEART DISEASES ARE ASSOCIATED WITH RED MEAT125
11.4WEIGHT MANAGEMENT125
11.4.1SIGNIFICANCE OF WEIGHT MANAGEMENT IN COMBATING VARIOUS HEALTH CONCERNS125
11.5OTHER FUNCTIONS125
12SOY PROTEIN INGREDIENTS MARKET, BY REGION126
12.1INTRODUCTION127
FIGURE 49SOY PROTEIN INGREDIENTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES127
TABLE 65SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)128
TABLE 66SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)128
TABLE 67SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (KT)128
TABLE 68SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (KT)129
12.2NORTH AMERICA129
FIGURE 50NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET SNAPSHOT130
TABLE 69NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)130
TABLE 70NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)131
TABLE 71NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)131
TABLE 72NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)131
TABLE 73NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)132
TABLE 74NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)132
TABLE 75NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)132
TABLE 76NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)132
TABLE 77NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)133
TABLE 78NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)133
12.2.1US133
12.2.1.1Increased consumption and dependency on plant-based meat and dairy alternatives133
TABLE 79US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)134
TABLE 80US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)134
12.2.2CANADA134
12.2.2.1Shift toward plant-based foods from conventional animal-source products134
TABLE 81CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)135
TABLE 82CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)135
12.2.3MEXICO135
12.2.3.1Change in diet patterns and rise in disposable income135
TABLE 83MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)136
TABLE 84MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)136
12.3EUROPE136
TABLE 85EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)137
TABLE 86EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)137
TABLE 87EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)138
TABLE 88EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)138
TABLE 89EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (KT)138
TABLE 90EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (KT)139
TABLE 91EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)139
TABLE 92EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)139
TABLE 93EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)139
TABLE 94EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)140
TABLE 95EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)140
TABLE 96EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)140
12.3.1GERMANY140
12.3.1.1Higher consumption of plant-based food and adoption of flexitarian diets140
TABLE 97GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)141
TABLE 98GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)141
12.3.2FRANCE141
12.3.2.1Government measures to increase production of plant-based protein141
TABLE 99FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)142
TABLE 100FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)142
12.3.3UK142
12.3.3.1Increased health awareness among consumers142
TABLE 101UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)143
TABLE 102UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)143
12.3.4ITALY143
12.3.4.1Rise in consumer preference for plant-based proteins143
TABLE 103ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)144
TABLE 104ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)144
12.3.5SPAIN144
12.3.5.1Robust growth of plant-based food sector144
TABLE 105SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)145
TABLE 106SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)145
12.3.6NETHERLANDS145
12.3.6.1Transition toward plant-based food systems145
TABLE 107NETHERLANDS: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)146
TABLE 108NETHERLANDS: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)146
12.3.7BELGIUM146
12.3.7.1Rise in vegan and flexitarian population146
TABLE 109BELGIUM: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)147
TABLE 110BELGIUM: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)147
12.3.8REST OF EUROPE147
TABLE 111REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)148
TABLE 112REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)148
12.4ASIA PACIFIC148
FIGURE 51ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET SNAPSHOT149
TABLE 113ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)150
TABLE 114ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)150
TABLE 115ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)150
TABLE 116ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)151
TABLE 117ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)151
TABLE 118ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)151
TABLE 119ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)151
TABLE 120ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)152
TABLE 121ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)152
TABLE 122ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)152
12.4.1CHINA152
12.4.1.1Robust soy protein ingredient supply chain and adoption of plant-based food152
TABLE 123CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)153
TABLE 124CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)153
12.4.2JAPAN154
12.4.2.1Increase in geriatric population154
TABLE 125JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)154
TABLE 126JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)154
12.4.3INDIA154
12.4.3.1Large vegetarian population and prevalence of cardiovascular diseases154
TABLE 127INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)155
TABLE 128INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)155
12.4.4AUSTRALIA & NEW ZEALAND155
12.4.4.1Government initiatives to support plant protein sector155
TABLE 129AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)156
TABLE 130AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)156
12.4.5REST OF ASIA PACIFIC157
TABLE 131REST OF ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)157
TABLE 132REST OF ASIA PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)157
12.5SOUTH AMERICA158
TABLE 133SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2018–2021 (USD MILLION)158
TABLE 134SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY COUNTRY/REGION, 2022–2027 (USD MILLION)158
TABLE 135SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)159
TABLE 136SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)159
TABLE 137SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)159
TABLE 138SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)160
TABLE 139SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)160
TABLE 140SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)160
TABLE 141SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)160
TABLE 142SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)161
12.5.1BRAZIL161
12.5.1.1Boost in soybean production and processing ecosystem161
TABLE 143BRAZIL: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)161
TABLE 144BRAZIL: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)162
12.5.2ARGENTINA162
12.5.2.1Rise in obesity incidence rates162
TABLE 145ARGENTINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)162
TABLE 146ARGENTINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)163
12.5.3REST OF SOUTH AMERICA163
TABLE 147REST OF SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)163
TABLE 148REST OF SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)164
12.6ROW164
TABLE 149ROW: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2018–2021 (USD MILLION)164
TABLE 150ROW: SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)164
TABLE 151ROW: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)165
TABLE 152ROW: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)165
TABLE 153ROW: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)165
TABLE 154ROW: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)166
TABLE 155ROW: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2018–2021 (USD MILLION)166
TABLE 156ROW: SOY PROTEIN INGREDIENTS MARKET, BY FORM, 2022–2027 (USD MILLION)166
TABLE 157ROW: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2018–2021 (USD MILLION)166
TABLE 158ROW: SOY PROTEIN INGREDIENTS MARKET, BY NATURE, 2022–2027 (USD MILLION)167
12.6.1AFRICA167
12.6.1.1Surge in cases of malnutrition167
TABLE 159AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)167
TABLE 160AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)167
12.6.2MIDDLE EAST168
12.6.2.1Rise in incidences of obesity and diabetes168
TABLE 161MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)168
TABLE 162MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2022–2027 (USD MILLION)168
13COMPETITIVE LANDSCAPE169
13.1OVERVIEW169
13.2MARKET SHARE ANALYSIS169
TABLE 163GLOBAL SOY PROTEIN INGREDIENTS MARKET: DEGREE OF COMPETITION (COMPETITIVE)170
13.3SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS170
FIGURE 52SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD MILLION)170
13.4KEY PLAYER STRATEGIES171
TABLE 164STRATEGIES ADOPTED BY KEY SOY PROTEIN INGREDIENTS MANUFACTURERS171
13.5COMPANY EVALUATION QUADRANT (KEY PLAYERS)173
13.5.1STARS173
13.5.2EMERGING LEADERS173
13.5.3PERVASIVE PLAYERS173
13.5.4PARTICIPANTS173
FIGURE 53SOY PROTEIN INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)174
13.6PRODUCT FOOTPRINT174
TABLE 165COMPANY INGREDIENT FOOTPRINT174
TABLE 166COMPANY APPLICATION FOOTPRINT175
TABLE 167COMPANY REGIONAL FOOTPRINT176
TABLE 168OVERALL COMPANY FOOTPRINT177
13.7EVALUATION QUADRANT FOR STARTUPS/SMES177
13.7.1PROGRESSIVE COMPANIES177
13.7.2STARTING BLOCKS178
13.7.3RESPONSIVE COMPANIES178
13.7.4DYNAMIC COMPANIES178
FIGURE 54SOY PROTEIN INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (STARTUPS/SMES)179
13.7.5COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES180
TABLE 169SOY PROTEIN INGREDIENTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES180
TABLE 170SOY PROTEIN INGREDIENTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES181
13.8COMPETITIVE SCENARIO182
13.8.1NEW PRODUCT LAUNCHES182
TABLE 171SOY PROTEIN INGREDIENTS: NEW PRODUCT LAUNCHES, 2019–2022182
13.8.2DEALS182
TABLE 172SOY PROTEIN INGREDIENTS: DEALS, 2018–2022182
13.8.3OTHER DEVELOPMENTS183
TABLE 173SOY PROTEIN INGREDIENTS: OTHER DEVELOPMENTS, 2019–2022183
14COMPANY PROFILES185
14.1KEY COMPANIES185
(Business Overview, Solutions, Products & Services offered Recent Developments, MnM View)*
14.1.1ADM185
TABLE 174ADM: BUSINESS OVERVIEW, 2021185
FIGURE 55ADM: COMPANY SNAPSHOT186
TABLE 175ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED186
TABLE 176ADM: DEALS187
TABLE 177ADM: OTHERS188
14.1.2WILMAR INTERNATIONAL LTD189
TABLE 178WILMAR INTERNATIONAL LTD: BUSINESS OVERVIEW, 2021189
FIGURE 56WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT190
TABLE 179WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED190
TABLE 180WILMAR INTERNATIONAL LTD: DEALS191
14.1.3CARGILL, INCORPORATED192
TABLE 181CARGILL, INCORPORATED: BUSINESS OVERVIEW, 2021192
FIGURE 57CARGILL, INCORPORATED: COMPANY SNAPSHOT193
TABLE 182CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED193
TABLE 183CARGILL, INCORPORATED: DEALS193
TABLE 184CARGILL, INCORPORATED: OTHERS194
14.1.4INTERNATIONAL FLAVORS & FRAGRANCES INC.195
TABLE 185INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW, 2021195
FIGURE 58INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT196
TABLE 186INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED196
TABLE 187INTERNATIONAL FLAVORS & FRAGRANCES INC.: NEW PRODUCT LAUNCHES197
TABLE 188INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS197
14.1.5CHS INC.199
TABLE 189CHS INC.: BUSINESS OVERVIEW, 2021199
FIGURE 59CHS INC.: COMPANY SNAPSHOT200
TABLE 190CHS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED200
TABLE 191CHS INC.: OTHERS201
14.1.6BRF GLOBAL202
TABLE 192BRF GLOBAL: BUSINESS OVERVIEW, 2021202
FIGURE 60BRF GLOBAL: COMPANY SNAPSHOT202
TABLE 193BRF GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED203
14.1.7FUJI OIL HOLDINGS INC.204
TABLE 194FUJI OIL HOLDINGS INC.: BUSINESS OVERVIEW, 2021204
FIGURE 61FUJI OIL HOLDINGS INC.: COMPANY SNAPSHOT205
TABLE 195FUJI OIL HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED205
TABLE 196FUJI OIL HOLDINGS INC.: OTHERS206
14.1.8DEVANSOY207
TABLE 197DEVANSOY: BUSINESS OVERVIEW, 2021207
TABLE 198DEVANSOY: PRODUCTS/SOLUTIONS/SERVICES OFFERED207
14.1.9CROWN SOYA PROTEIN GROUP COMPANY209
TABLE 199CROWN SOYA PROTEIN GROUP COMPANY: BUSINESS OVERVIEW, 2021209
TABLE 200CROWN SOYA PROTEIN GROUP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED209
14.1.10AG PROCESSING INC.211
TABLE 201AG PROCESSING INC.: BUSINESS OVERVIEW, 2021211
TABLE 202AG PROCESSING INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED211
TABLE 203AG PROCESSING INC.: OTHERS211
14.1.11THE SCOULAR COMPANY213
TABLE 204THE SCOULAR COMPANY: BUSINESS OVERVIEW, 2021213
FIGURE 62THE SCOULAR COMPANY: COMPANY SNAPSHOT213
TABLE 205THE SCOULAR COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED214
TABLE 206THE SCOULAR COMPANY: DEALS214
TABLE 207THE SCOULAR COMPANY: OTHERS215
14.1.12TITAN BIOTECH216
TABLE 208TITAN BIOTECH: BUSINESS OVERVIEW, 2021216
FIGURE 63TITAN BIOTECH: COMPANY SNAPSHOT217
TABLE 209TITAN BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED217
14.1.13LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD219
TABLE 210LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD:
BUSINESS OVERVIEW, 2021219
TABLE 211LINYI SHANSONG BIOLOGICAL PRODUCTS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED219
14.1.14FOODCHEM INTERNATIONAL CORPORATION221
TABLE 212FOODCHEM INTERNATIONAL CORPORATION: BUSINESS OVERVIEW, 2021221
TABLE 213FOODCHEM INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED221
14.1.15FARBEST TALLMAN FOODS CORPORATION222
TABLE 214FARBEST TALLMAN FOODS CORPORATION: BUSINESS OVERVIEW, 2021222
TABLE 215FARBEST TALLMAN FOODS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED222
14.2OTHER PLAYERS224
14.2.1NOW FOODS224
TABLE 216NOW FOODS: COMPANY OVERVIEW224
14.2.2SOTEXPRO225
TABLE 217SOTEXPRO: COMPANY OVERVIEW225
14.2.3SHANDONG SINOGLORY HEALTH FOOD CO., LTD226
TABLE 218SHANDONG SINOGLORY HEALTH FOOD CO., LTD: COMPANY OVERVIEW226
14.2.4PROCESS AGROCHEM INDUSTRIES PVT LTD.227
TABLE 219PROCESS AGROCHEM INDUSTRIES PVT. LTD.: COMPANY OVERVIEW227
14.2.5CJ SELECTA228
TABLE 220CJ SELECTA: COMPANY OVERVIEW228
14.2.6TAJ AGRO INTERNATIONAL229
TABLE 221TAJ AGRO INTERNATIONAL: COMPANY OVERVIEW229
14.2.7NORDIC SOYA OY230
TABLE 222NORDIC SOYA OY: COMPANY OVERVIEW230
14.2.8BREMIL GROUP231
TABLE 223BREMIL GROUP: COMPANY OVERVIEW231
14.2.9RIO PARDO PROTEINA VEGETAL S.A.232
TABLE 224RIO PARDO PROTEINA VEGETAL S.A.: COMPANY OVERVIEW232
14.2.10LIVING FOODS233
TABLE 225LIVING FOODS: COMPANY OVERVIEW233
*Details on Business Overview, Solutions Products & Services offered, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
15ADJACENT AND RELATED MARKETS234
15.1INTRODUCTION234
TABLE 226ADJACENT MARKETS234
15.2RESEARCH LIMITATIONS234
15.3PROTEIN INGREDIENTS MARKET234
15.3.1MARKET DEFINITION234
15.3.2MARKET OVERVIEW235
TABLE 227PROTEIN INGREDIENTS MARKET, BY SOURCE, 2020–2025 (USD MILLION)235
15.4PLANT-BASED PROTEIN MARKET235
15.4.1MARKET DEFINITION235
15.4.2MARKET OVERVIEW236
TABLE 228PLANT-BASED PROTEIN MARKET, BY TYPE, 2019–2027 (USD MILLION)236
16APPENDIX237
16.1DISCUSSION GUIDE237
16.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL243
16.3CUSTOMIZATION OPTIONS245
16.4RELATED REP
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