Soy Protein Concentrate

Global Soy Protein Concentrate Market to Reach US$6.6 Billion by 2030

The global market for Soy Protein Concentrate estimated at US$3.4 Billion in the year 2024, is expected to reach US$6.6 Billion by 2030, growing at a CAGR of 11.9% over the analysis period 2024-2030. Organic Nature, one of the segments analyzed in the report, is expected to record a 10.1% CAGR and reach US$3.7 Billion by the end of the analysis period. Growth in the Conventional Nature segment is estimated at 14.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$919.8 Million While China is Forecast to Grow at 15.7% CAGR

The Soy Protein Concentrate market in the U.S. is estimated at US$919.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 15.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.8% and 10.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Global Soy Protein Concentrate Market - Key Trends & Drivers Summarized

Soy Protein Concentrate: Is This the Next Evolution in Sustainable Nutrition?

Soy protein concentrate (SPC), derived from defatted soy flour, is quickly becoming a linchpin in the global shift toward plant-based proteins. With protein content ranging from 65-75%, SPC offers a high-quality, digestible protein alternative for food, animal feed, and industrial applications. The demand surge is closely tied to the rising popularity of vegetarian and vegan diets, driven by health, environmental, and ethical motivations. One defining trend is the diversification of SPC use in formulated foods, particularly meat analogues, dairy alternatives, sports nutrition, and clinical nutrition. It acts as a texture enhancer, emulsifier, and water binder—mimicking the functional performance of animal-based proteins. The rise of flexitarian diets and consumer focus on protein enrichment in everyday food is prompting manufacturers to incorporate SPC into bakery products, cereals, sauces, and snacks, fueling further market growth.

Another emerging trend is the push for non-GMO, identity-preserved, and organic soy protein concentrates. With transparency becoming a key differentiator, brands are actively sourcing traceable soybeans and using clean-label extraction methods to meet regulatory and consumer demands. On the technological front, advancements in extrusion, fermentation, and enzyme-assisted processing are improving the taste, solubility, and nutrient profile of SPC. This is helping to reduce the “beany” flavor that has long hindered broader acceptance. Meanwhile, hybrid food innovations—combining SPC with other plant proteins like pea, fava bean, or rice—are expanding the application range while balancing amino acid profiles for improved nutritional value.

Why Is the Application of SPC Spreading Across Food and Feed Industries Alike?

In the food industry, SPC is being hailed as a functional and nutritional powerhouse. It enhances meat analogues by improving chewiness, mouthfeel, and moisture retention, making it a favorite in burger patties, sausages, and ready-to-eat meals. In dairy alternatives, it contributes to viscosity and protein content without the need for synthetic stabilizers. Its compatibility with fortification agents such as vitamins, minerals, and omega-3s further amplifies its appeal in functional and therapeutic food segments. For infant formulas and geriatric nutrition, SPC provides hypoallergenic protein that is easily digestible and bioavailable.

In the animal feed segment, SPC plays a vital role as a premium protein source for aquaculture, poultry, and piglet feeds. Its low anti-nutritional factor content and digestibility make it especially suitable for young animals and fish, where gut health and nutrient absorption are critical. The growth of intensive aquaculture and antibiotic-free poultry farming is pushing the adoption of high-quality, plant-based feed ingredients—making SPC indispensable. Additionally, SPC is emerging in pet nutrition formulations aimed at reducing allergenic reactions and providing a sustainable alternative to meat-based proteins. This convergence of food, feed, and specialty nutrition is reshaping the demand landscape for SPC.

What’s Fueling the Uptick in Demand for Soy Protein Concentrates?

The growth in the soy protein concentrate market is driven by several factors related to food innovation, dietary trends, and feed industry modernization. Chief among these is the meteoric rise in demand for plant-based proteins across developed and emerging markets, spurred by consumer interest in health, climate-friendly diets, and ethical sourcing. In parallel, government-backed nutritional programs and sustainability initiatives are supporting the inclusion of plant proteins like SPC in school meals, hospital nutrition, and disaster relief food.

In the feed sector, increasing scrutiny over antibiotic use and the environmental footprint of fishmeal and meat-based feeds has led to a shift toward plant-based alternatives. SPC offers a sustainable, consistent, and cost-effective solution. On the industrial side, advances in processing have enabled the creation of value-added SPC variants tailored for high-end functional food or clinical applications. The global logistics infrastructure supporting soybean trade and processing, particularly in North and South America, is another critical enabler. Finally, regulatory support for clean-label and allergen-free claims—especially in the EU and North America—is making SPC an essential ingredient for future-forward product development across multiple industries.

SCOPE OF STUDY:

The report analyzes the Soy Protein Concentrate market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Nature (Organic Nature, Conventional Nature); Form (Dry Form, Liquid Form); Function (Solubility Function, Gelation Function, Emulsification Function, Water Binding Function, Texturizing Agent Function, Thickening Agent Function, Fat & Water Absorption Function, Other Functions); Application (Food Products Application, Beverages Application, Nutraceuticals & Dietary Supplements Application, Cosmetics & Personal Care Application, Animal Feed Application, Pharmaceuticals Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 47 Featured) -

• ADM (Archer-Daniels-Midland)
• Ajinomoto Co., Inc.
• Batory Foods
• Bunge Limited
• CHS Inc.
• Cargill, Incorporated
• Corbion Purac
• Crown Soya Protein Group Company
• DuPont Nutrition & Biosciences
• Fuji Oil Holdings Inc.
• Gushen Biological Technology Group
• IMCOPA
• Kanegrade Limited
• Nordic Soya Oy
• Shandong Yuxin Bio-Tech Co., Ltd.
• Sojaprotein
• Solae (IFF)
• Tate & Lyle
• The Vincent Corporation
• Wilmar International Ltd

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