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Okara Market Size

  • Report ID: GMI7503
  • Published Date: Nov 2023
  • Report Format: PDF

Okara Market Size

Okara Market size was valued at USD 3.80 billion in 2022 and is estimated to expand at 4.6% CAGR from 2023 to 2032. The growing trend toward plant-based diets and alternative protein sources is a major demand driver in the market. Okara, a byproduct of soybean processing, has gained popularity as people seek healthier and more sustainable nutritional alternatives due to its high protein content and adaptability in plant-based cuisine. Okara is a significant protein source for health-conscious people and those who follow vegetarian or vegan diets. It may be used in a variety of meals, including dairy-free yogurt, smoothies, meat replacements, and baked goods.

 

Furthermore, increased awareness of the environmental effect of animal agriculture has resulted in an increase in demand for sustainable and environmentally friendly food choices. Okara, a byproduct of soybean processing, is regarded as a sustainable component that can help minimize food waste and carbon emissions. This corresponds with customer demands for more ethical and ecologically responsible options, making okara market popularity.

Consumers' lack of awareness about okara is a key impediment to the okara market's revenue growth. Despite its promise as a sustainable and healthy food, many consumers are unaware of okara and its wide range of culinary applications. This lack of understanding stifles market growth by preventing consumers from appreciating the value of okara as a plant-based protein source and its capacity to contribute to better and more sustainable diets.
 

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of okara reached USD 3.80 billion in 2022 and is poised to cross USD 5.97 billion by 2032, led by the growing trend toward plant-based diets and alternative protein sources.

The bread usage segment accounted for a market value of USD 1.53 billion in 2022, driven by the growing public preference for healthier, plant-based food options.

Asia Pacific market was valued at USD 1.39 billion in 2022, propelled by the increasing adoption of plant-based diets in the region, and increased knowledge of the health advantages associated with plant-derived protein sources.

Meiji Tofu Co., Okumura Engineering Corp., Vitasoy International Holdings, Blue Diamond Growers, Morinaga Nutritional Foods, Inc. are some of the major industry contenders.

Okara Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 245
  • Countries covered: 21
  • Pages: 180
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