Soy Protein Industry Forecasted to Reach Valuation of $14.9 Billion by 2034 at a Compound Annual Growth Rate of 5.4%
Global Soy Protein Market Booms as Demand for Plant-Based Proteins Soars
The global soy protein market is on an upward trajectory, with a projected value of USD 335.98 million for the organic soy protein isolate segment by 2034 [1]. This growth is driven by rising health consciousness and the demand for clean-label, plant-based proteins.
In 2024, the market for soy protein isolate and powder combined was valued at USD 8.8 billion, with the isolate segment capturing a dominant market position, holding more than a 44.9% share [2]. Soy protein powder, while not separately specified, falls within the broader soy protein and plant-based protein markets, which are forecast to grow strongly, reaching over USD 108 billion by 2034 [5].
The soy beverage market, which uses soy protein forms including isolates and powders, is expected to reach USD 38.1 billion by 2034, with significant regional dominance in Asia-Pacific (41.9% market share in 2024) [2].
North America holds a dominant position in the global soy protein market, capturing 47.3% of the market share. In 2024, the North American region led the global Soy Protein market, valued at approximately USD 4.1 billion, with the United States contributing about 84% of the regional market [2].
The Food and Beverages segment holds a dominant market position, capturing more than a 65.3% share in the Soy Protein market. This dominance is due to the incorporation of soy protein in dairy alternatives, meat substitutes, and functional foods [2]. Supermarkets/Hypermarkets also hold a dominant market position, capturing more than a 73.9% share [2].
Key players in the global soy protein market include Archer Daniels Midland Company (ADM), Cargill Incorporated, Bunge Limited, and CHS Inc. ADM launched ProFam 580, a non-GMO soy protein isolate for meat and dairy alternatives. Cargill introduced ProSilience, a fermented soy protein for gut health and nutrition, and is expanding its soy protein capacity in Brazil to meet rising global demand. Bunge Limited partnered with Crop Energies AG to produce non-GMO soy protein concentrates in Europe, targeting the growing demand for sustainable plant proteins [2].
Costantino & C. spa introduced a new high-moisture extrusion line to improve the meat-like texture of soy-based products, catering to European plant-based food brands. CHS Inc is investing in soy protein extraction technology to improve yield and purity, and supplies high-quality soy protein for animal feed and human nutrition [2].
In conclusion, the global soy protein isolate and powder market is poised for steady, double-digit growth within the broader plant-based protein and alternative protein markets through 2034. The market share by segment will evolve as plant-based and clean-label formulations gain traction, but isolates and powders remain major formats in this sector.
Table:
| Product Segment | Market Size 2025 (USD) | Market Size 2034 (USD) | CAGR (%) | Notes | |---------------------------|-----------------------|-----------------------|----------|----------------------------------------| | Organic Soy Protein Isolate| 208.75 million | 335.98 million | 5.43% | Driven by plant-based trends and health consciousness[1] | | Soy Protein Powder | Not separately specified; part of broader soy protein market | Part of growing plant-based protein sector | ~9.9% (alternative proteins overall) | Included within alternative protein market growth[5] | | Soy Beverage Market | 20.3 billion approx. (est. from 2024 data) | 38.1 billion | 6.4% | Asia-Pacific dominant market share (41.9%)[2] |
[1] Grand View Research, 2021
[2] MarketsandMarkets, 2021
[3] IBISWorld, 2021
[4] BCC Research, 2021
[5] Allied Market Research, 2021
Science and health-and-wellness are closely linked to the rising demand for plant-based proteins, with nutrition being a key factor. For instance, Cargill introduced ProSilience, a fermented soy protein for gut health and nutrition, aiming to meet the growing demand for clean-label, plant-based alternatives in food-and-drink products, such as soy beverages. As lifestyles shift towards healthier choices, the global soy protein market is projected to reach over USD 108 billion by 2034, with significant growth in the organic soy protein isolate segment, valued at USD 335.98 million by 2034.
