Soy Protein Ingredients Market Size

Soy Protein Ingredients Market Size

Soy Protein Ingredients Market size exceeded USD 5.5 billion in 2022 and is projected to expand at 10% CAGR from 2023 to 2032. Due to the mounting demand for natural ingredients in animal feed products.

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Soy protein is among the most versatile, nutritious, reliable, and economical sources of plant-based protein, with a broad spectrum of applications across the food and animal feed industries. The increasing demand for antibiotic-free meats coupled with the diversification of animal nutritional programs may boost the adoption of this plant protein ingredient. In the U.S., expenditure on animal feed accounts for a significant amount of total farm production expenses. These trends will also augment the consumption of high-nutrition animal feeds to deliver quality meat, thereby strengthening the industry outlook.

Despite a favorable growth trajectory, soy protein ingredients derived through acid hydrolysis generate a significant amount of salt during the downstream process, impacting the nutritional properties. The high cost of alternative processes including enzymatic hydrolysis can also hinder industrial-scale production. These challenges, alongside the easy availability of alternative protein ingredients such as eggs, legumes, seeds, and lentils may restrict the soy protein ingredients market growth to some extent. However, the rising awareness and intake of protein supplements will help revive the soy protein ingredients industry.