The global soy protein ingredients market was valued at USD 7.7 billion in 2022 and is expected to grow to USD 10.8 billion by 2027, registering a CAGR of 7.0% during the forecast period. Soy protein has significantly transformed the plant-based protein sector, thanks to its high protein content and cost-effectiveness. Demand for soy protein is rapidly increasing, especially in the expanding Asian markets, along with North America and Europe, where consumer awareness around plant-based diets continues to rise. To capitalize on this growth, key industry players are adopting strategies such as partnerships, product innovation, acquisitions, and market expansion, with a particular focus on high-growth regions like 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 Company (ADM) is a major contributor to the Soy Protein Ingredients Market, offering a broad range of soy-based products like isolates, concentrates, and textured soy proteins. With advanced processing technologies and a strong global presence, ADM caters to the food, beverage, and nutrition sectors. The company is known for promoting sustainable practices and providing clean-label, non-GMO soy solutions to meet the rising demand for plant-based nutrition.
Wilmar International Ltd (Singapore): Wilmar International has a notable role in the soy protein ingredients market, especially across Asia. Through its integrated agribusiness model, Wilmar produces and distributes soy protein concentrates and isolates for food and feed applications. The company emphasizes cost efficiency, food safety, and innovation, helping it to serve a diverse global clientele seeking high-quality plant protein sources.
Cargill, Incorporated (US): Cargill is a global leader in the development of soy-based protein solutions, including flour, isolates, and textured proteins. Within the soy protein ingredients market, Cargill stands out for its commitment to product innovation, sustainability, and customer-centric solutions. Their soy proteins are widely used in meat alternatives, nutritional beverages, and functional food products.
International Flavors & Fragrances Inc. (US): International Flavors & Fragrances (IFF), through its Nourish division, enhances the Soy Protein Ingredients Market with value-added protein systems that improve food taste and texture. IFF’s soy-based solutions are aimed at health-conscious consumers, providing clean-label and high-performance products for diverse applications like plant-based meals and beverages.
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CHS Inc. (US): CHS Inc. plays a vital role in the soy processing supply chain, contributing to the availability of high-quality soy protein ingredients. While primarily known for soy meal and flour, its impact on the Soy Protein Ingredients Market stems from sustainable farming practices, cooperative ownership, and reliable raw material sourcing for both food and feed industries.
BRF Global (Brazil): BRF Global has made strategic moves into the plant-based segment, capitalizing on Brazil’s vast soybean resources. It supports the Soy Protein Ingredients Market by producing soy-based products targeted at consumers seeking healthier and sustainable alternatives. BRF focuses on meat substitutes and clean-label innovations for retail and industrial clients.
Fuji Oil Holdings Inc. (Japan): Fuji Oil Holdings is a pioneer in the development of high-performance soy protein isolates and textured soy products. The company’s contribution to the Soy Protein Ingredients Market is marked by its proprietary technologies and strong R&D capabilities, which focus on texture, nutrition, and allergen-free applications for plant-based food innovation.
Devansoy (US): Devansoy is a US-based manufacturer specializing in organic and non-GMO soy protein concentrates and isolates. Serving natural food brands and beverage companies, Devansoy supports the clean-label segment of the Soy Protein Ingredients Market with highly customizable and traceable soy protein solutions that align with growing consumer health trends.
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Crown Protein Soya Group Company (China): Crown Protein Soya Group is a leading producer of soy protein in China, manufacturing high-quality isolates, concentrates, and textured proteins. Its influence on the soy protein ingredients market is significant, especially in sectors like plant-based meat, convenience foods, and health supplements, both domestically and globally.
The Scoular Company (US): The Scoular Company contributes to the soy protein ingredients market through its investments in value-added soybean processing and logistics. Its vertically integrated operations and focus on supply chain efficiency help deliver functional soy protein products to food, beverage, and pet food industries across North America.