The global soy protein ingredients market was valued at USD 7.7 billion in 2022 and is projected to grow to USD 10.8 billion by 2027, registering a CAGR of 7.0% over the forecast period. Soy protein has played a transformative role in the plant-based protein sector due to its high protein content and cost-effectiveness. Demand is accelerating not only in rapidly expanding Asian markets but also in more mature markets like North America and Europe, where consumer awareness of plant-based nutrition is on the rise. In response, industry players are pursuing strategic initiatives—including partnerships, innovative product launches, acquisitions, and capacity expansions—to capitalize on this global growth, with a particular focus on high-potential regions such as Asia.
Top 10 Companies in the Soy Protein Ingredients Market
- 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)
- The Scoular Company (US)
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ADM (US): Archer Daniels Midland (ADM) is a global leader in soy protein ingredients, offering a diverse portfolio including soy protein concentrates, isolates, and textured soy proteins. ADM has heavily invested in plant-based innovations, leveraging its global processing capabilities to support the growing demand for meat alternatives, functional foods, and nutritional supplements. Its vertically integrated supply chain enhances traceability and scalability in soy protein production.
Wilmar International Ltd (Singapore): Wilmar is a major player in agribusiness and a leading processor of soybeans in Asia. Through its joint ventures and subsidiaries, Wilmar produces soy protein concentrates and isolates primarily for the Asian and Southeast Asian markets. The company has expanded its soy protein capacity to meet rising demand in food processing, health, and wellness sectors. Its integrated operations from crushing to processing help control quality and reduce costs.
Cargill, Incorporated (US): Cargill is a major contributor to the global soy protein ingredients market, with facilities producing soy flour, soy protein concentrates, and isolates. Cargill’s investments in innovation centers and partnerships with food startups underscore its commitment to expanding its plant-based protein portfolio. The company focuses on sustainability in soy sourcing and has launched several clean-label and non-GMO soy protein solutions.
International Flavors & Fragrances Inc. (US): IFF, following its merger with DuPont’s Nutrition & Biosciences division, has strengthened its position in the soy protein ingredients space. It offers high-quality soy isolates and textured proteins under its plant-based solutions division. IFF integrates its expertise in flavors, textures, and functional ingredients to deliver complete soy protein-based solutions for meat alternatives, beverages, and bakery applications.
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CHS Inc. (US): CHS Inc., a leading U.S. agricultural cooperative, is actively involved in soybean processing and the production of soy protein meal used in both food and feed applications. While CHS is more prominent in animal feed markets, it continues to explore opportunities to expand into value-added soy protein products for human consumption, especially as demand for plant-based diets rises globally.
BRF Global (Brazil): BRF, one of Brazil’s largest food companies, is expanding into plant-based protein markets, including soy protein-based products. Through its Sadia Veg & Veg product line, BRF uses soy protein as a primary ingredient in meat substitutes. Brazil’s strong soybean production base supports BRF’s domestic sourcing, while sustainability initiatives in soy farming enhance its brand appeal in international markets.
Fuji Oil Holdings Inc. (Japan): Fuji Oil is a pioneer in soy-based food ingredients in Asia, particularly known for its soy protein isolates and textured soy proteins used in plant-based meats and dairy alternatives. The company invests significantly in R&D and operates a global innovation center focused on plant proteins. Fuji Oil emphasizes health, safety, and functional versatility in its soy protein offerings to serve the growing demand in Asian and Western markets.
Devansoy (US): Devansoy specializes in non-GMO soy protein ingredients, offering soy protein concentrates, isolates, and soy milks for clean-label and organic markets. The company caters to food and beverage manufacturers looking for customizable, allergen-free, and sustainable soy protein solutions. Devansoy’s focus on high-quality inputs and vertical integration ensures consistent product performance for applications such as nutritional beverages and vegan foods.
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Crown Protein Soya Group Company (China): Crown Protein Soya is a key player in China’s soy protein ingredient market, producing textured soy protein and soy protein concentrates primarily for domestic consumption. The company services both human food industries and livestock feed sectors. As China’s demand for plant-based foods grows, Crown Protein is expected to enhance its processing capabilities and product lines to meet evolving dietary trends.
The Scoular Company (US): Scoular has entered the soy protein space through its focus on sustainable sourcing and investment in alternative proteins. It provides soy-based ingredients, including soy flour and protein concentrates, catering to plant-based meat and bakery markets. Scoular emphasizes traceability, U.S.-grown soy, and co-manufacturing partnerships to deliver customized solutions for food companies seeking high-protein, plant-based inputs.