The organic soy protein market share is expected to increase by USD 391 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 16.12%.

This organic soy protein market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers organic soy protein market segmentation by type (concentrates, isolates, and flour) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The organic soy protein market report also offers information on several market vendors, including Agrawal Oil and BioCheam, Archer Daniels Midland Co., Cargill Inc., CHS Inc., Devansoy Inc., DuPont de Nemours Inc., Farbest-Tallman Foods Corp., Foodchem International Corp., Guanxian Xinrui Industrial Co. Ltd., Kellogg Co., Natural Products Inc., NOW Health Group Inc., ORGANIC PROTEIN, Puris, Shandong Yuxin Biotechnology Co. Ltd., Sotexpro, SunOpta Inc., Taj Pharmaceutical Ltd., The Scoular Co., and Wilmar International Ltd. among others.

What will the Organic Soy Protein Market Size be During the Forecast Period?

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Organic Soy Protein Market: Key Drivers, Trends, and Challenges

The growing vegan population is notably driving the organic soy protein market growth, although factors such as the presence of other substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the organic soy protein industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Organic Soy Protein Market Driver

One of the key factors driving growth in the organic soy protein market is the growing vegan population. With the rising awareness about the various health benefits of vegan diets, the number of people adopting vegan lifestyles is increasing across the globe. It is estimated that the number of consumers who are opting for plant-based diets over animal-based ones is increasing, and the trend is more common among millennials. Consumers who are vegans are becoming more prevalent in nations like the US and Canada. These nations are seeing an increase in the proportion of millennials living vegan lifestyles. The youthful population in Mexico is adopting a vegan lifestyle at an increasing rate, and this trend is anticipated to continue during the forecast period. People are increasingly embracing a vegan lifestyle in nations like the UK, Germany, and France. The emergence of organic soy protein significantly meets the protein needs of the vegan community. Thus, the growing global vegan population will help in the growth of the global organic soy protein market.

Key Organic Soy Protein Market Trend

The high nutritional value of soybeans is an organic soy protein market trend that is expected to have a positive impact in the coming years. Soy is a complete protein that contains all nine essential amino acids, such as histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan, and valine. Soybeans have a wide range of nutritional benefits since they are nutritious and high in protein. Soybeans are abundant in vitamin C and folate and low in saturated fat. They are also a good source of thiamin, potassium, phosphorus, calcium, iron, magnesium, carbohydrates, and a good source of polyunsaturated fat. They are a plentiful source of numerous vitamins, minerals, and healthy plant substances, including isoflavones. Owing to these resources, consuming soybeans daily may lessen menopausal symptoms and lower your risk of developing prostate and breast cancer. Such factors contribute to the growth of the global organic soy protein market.

Key Organic Soy Protein Market Challenge

The presence of other substitutes will be a major challenge for the organic soy protein market during the forecast period. Plant-based proteins are quickly gaining popularity around the world, and where soy cannot be utilized, producers are switching to other plant-based proteins, such as pea, wheat, rice, pulse, canola, flax, and chia protein. For instance, pea, wheat, and rice proteins are widely substituted for soy protein, particularly as a result of consumers’ unfavorable perceptions of soy products. As a result, the food and beverage industry uses less soy protein. The high cost of soy also paves the way for other plant-based proteins on the market, which offer nearly similar benefits at a very low price. Thus, other less expensive plant-based substitutes pose a threat to the growth of the global organic soy protein market.

This organic soy protein market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global organic soy protein market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the organic soy protein market during the forecast period.

Who are the Major Organic Soy Protein Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Agrawal Oil and BioCheam
• Archer Daniels Midland Co.
• Cargill Inc.
• CHS Inc.
• Devansoy Inc.
• DuPont de Nemours Inc.
• Farbest-Tallman Foods Corp.
• Foodchem International Corp.
• Guanxian Xinrui Industrial Co. Ltd.
• Kellogg Co.
• Natural Products Inc.
• NOW Health Group Inc.
• ORGANIC PROTEIN
• Puris
• Shandong Yuxin Biotechnology Co. Ltd.
• Sotexpro
• SunOpta Inc.
• Taj Pharmaceutical Ltd.
• The Scoular Co.
• Wilmar International Ltd.

This statistical study of the organic soy protein market encompasses successful business strategies deployed by the key vendors. The organic soy protein market is fragmented and the vendors are deploying growth strategies such as diversifying their product offerings and developing their global footprint to compete in the market.

Product Insights and News

• agrawalbiocheam.com - The company offers organic soy lecithin which is obtained by hydration of the phospholipids in water.
• adm.com - The company offers soy protein isolates, concentrates, protein ingredients, and others.
• cargill.com - The company offers Prosante textured soy flour which provides manufacturing with the most sustainable vegetable protein and is also available in a variety of shapes and sizes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The organic soy protein market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Organic Soy Protein Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the organic soy protein market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Organic Soy Protein Market?

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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for organic soy protein in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South America regions.

The increased demand from various food applications will facilitate the organic soy protein market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America. Governments of countries such as the US, Canada, and Mexico imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations, which resulted in the temporary closure of various industries, including those manufacturing organic soy protein. However, this led manufacturers of organic soy protein products to opt for online channels, which led to an increase in the online sales of the product. In 2021, the initiation of large-scale COVID-19 vaccination drives led to the lifting of lockdowns and the resumption of industrial operations.

What are the Revenue-generating Type Segments in the Organic Soy Protein Market?

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The organic soy protein market share growth in the concentrates segment will be significant during the forecast period. The meat and animal feed sectors' rising need for organic soy protein concentrate also contributes to the expansion of this market. Due to their superior nutritional and functional qualities, such as high protein content, neutral flavor, and high viscosity, organic soy protein concentrates are in high demand from the food and beverage industry. Thus, the organic soy protein concentrates segment is expected to grow at a high rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the organic soy protein market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Organic Soy Protein Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive organic soy protein market growth during the next five years
• Precise estimation of the organic soy protein market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the organic soy protein industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of organic soy protein market vendors

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