North America Soy Protein Market Forecast 2025–2031
North America Soy Protein Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Soy Protein Concentrate, Soy Protein Isolate, Textured Soy Protein, and Soy Flour & Grits), Category (Conventional and Organic), Form (Dry and Liquid), Application (Bakery and Confectionery, Meat Alternatives, Dairy Alternatives, Infant Nutrition, Protein Supplements, Animal Nutrition, and Others), and Country
- Report Date : Sep 2025
- Report Code : TIPRE00041007
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 135
The North America soy protein market size is projected to grow from US$ 1.48 billion in 2024 to US$ 2.41 billion by 2031; the market is expected to register a CAGR of 7.2% during 2025–2031.
North America Soy Protein Market Analysis
The increasing demand for cost-effective and quality protein in the developed and emerging economies is driving the adoption of soy protein. Soy protein is becoming a vital ingredient that manufacturers of food products, drinks, and baked products incorporate into their products due to its functional attributes, including emulsion, moisture retention, and texture. The market is growing due to favorable government initiatives supporting its demand, such as government campaigns advocating the use of plant-based nutrition, the enhancement of supply chains, and the availability of products. Moreover, the growing demand for sports and medical nutrition formulations propels the market growth. The sports and medical nutrition markets are lucrative due to their demand for clinically-backed, high-performance ingredients and their relative insulation from price sensitivity compared to the general food market. Soy protein isolate (SPI), with its high purity (>90% protein), excellent digestibility, and complete amino acid profile, is well-suited for these applications. In sports nutrition, SPI's high leucine content—a key trigger for muscle protein synthesis—positions it as a proven plant-based alternative to whey protein, catering to the growing demographic of athletes and fitness enthusiasts seeking dairy-free options.
North America Soy Protein Market Overview
A plant-based protein, such as soy protein, is sourced from soybeans, which are commonly known to be a complete protein with all nine essential amino acids. It exists as soy protein isolate, concentrate, and textured soy protein and is applied in meat products, dairy products, snacks, and nutritional supplements. It is gaining popularity due to increasing consumer interest in plant-based diets, health and wellness, and sustainable food. Soy protein offers health benefits, such as muscle building, heart health, and weight management, and is therefore popular among athletes, vegetarians, and health-conscious consumers. Further, the bakery segment represents a vast potential market for using soy protein to boost the protein content of bread, pasta, and snacks without compromising sensory attributes. The sports and clinical nutrition markets offer high-margin opportunities for ultra-pure, rapidly digesting soy protein isolates tailored for performance shakes, medical nutrition products, and healthy aging supplements. By deploying R&D resources to solve application-specific formulation challenges, soy protein producers can unlock new revenue streams, diversify their customer base beyond plant-based meat companies, and reduce dependency on a single, cyclical end-market.
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North America Soy Protein Market: Strategic Insights
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North America Soy Protein Market Drivers and Opportunities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America Soy Protein Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Market Drivers:
Growing Health Awareness:
Consumers prefer nutritious alternatives, such as soy protein, for healthier diets and lifestyles.Rising Vegan/Vegetarian Trends:
An increase in plant-based diets boosts the demand for soy protein across the region.Wide Application Scope:
The growing demand for sports and clinical nutrition is owing to its high-protein content.Government Support:
Favorable government initiatives supporting demand for plant-based products.
Market Opportunities:
Expansion of QSR and Foodservice Applications:
With the growing number of QSRs and the food service industry, the demand for soy protein is rising as a popular meat alternative.Development of Novel Soy-Based Ingredients:
It enhances taste, texture, and nutritional profiles to meet evolving consumer preferences..Advanced Technology :
Advancements in technology to improve the digestibility of soy protein and reduce allergenicity.Growing Product Visibility:
Increasing product awareness and visibility through campaigns creates a growth opportunity for soy protein in the region.
North America Soy Protein Market Report Segmentation Analysis
The North America soy protein market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in industry reports:
By Type:
Soy Protein Concentrate:
It is a high-protein product; most carbohydrates are eliminated to provide texture and nutrition to food products.Soy Protein Isolate:
It is the purest type of soy protein, with more than 90% protein content, which is suitable in protein-enriched and specialty nutrition products.Textured Soy Protein:
A meat-like soy product consisting of defatted soy flour may be used as a meat replacement in plant-based foods.Soy Flour and Grits:
Soy beans are ground into a fine powder used in food and baking recipes to enhance protein and texture.
By Category:
Organic:
No synthetic pesticides, fertilizers, genetically modified organisms (GMOs), or irradiation are used to produce soybeans.Conventional:
The conventional soybeans are grown traditionally and may use artificial pesticides, fertilizers, and other agricultural chemicals.
By Form:
Dry:
Powdered soy protein is used in food manufacturing for extended shelf life, easy storage, and versatile application.Liquid:
It is used in beverage production and liquid food formulations.
By Application:
Bakery and Confectionery:
In the bakery and confectionery industry, soy protein enhances the product's moisture retention, protein content, and texture.Meat Alternatives:
Holds the largest share in the market as soy protein is used to replicate meat textures and boost protein content in the products.Dairy Alternatives:
In dairy alternatives, soy protein provides protein and structure in yogurts, non-dairy milks, and cheese.Infant Nutrition:
Soy protein is added to infant nutrition as a lactose-free and plant-based protein source.Protein Supplements:
Soy protein is added to protein bars, shakes, and powders for muscle strength.Animal Nutrition:
Soy protein is used in aquaculture and livestock feed to improve digestibility and nutritional levels.
By Country:
- US
- Canada
- Mexico
The US recorded the largest share in the North America soy protein market, owing to the growing demand from the foodservice industry.
North America Soy Protein Market Report ScopeNorth America Soy Protein Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is intense due to established players such as International Flavors & Fragrances Inc., Cargill Inc., Archer Daniels Midland Company, Bunge Global SA, SunOpta Inc., Farbest-Tallman Foods Corp, and The Scoular Co.
The high level of competition urges companies to stand out by offering:
- Innovative product offering
- Sustainable and ethical sourcing
- Competitive pricing models
- Strong customer support and easy integration
Opportunities and Strategic Moves
- Focusing on research and development activities to distinguish themselves in the market
- Expanding global footprint and capabilities through acquisitions of food manufacturing companies
- Expanding product portfolio with the launch of plant-based meal kits
Major Companies operating in the North America soy protein market are:
- International Flavors & Fragrances Inc.
- Cargill Inc.
- Archer Daniels Midland Company
- Bunge Global SA
- SunOpta Inc.
- Farbest-Tallman Foods Corp
- The Scoular Co
- Sun Nutrafoods
- Associated British Foods Plc
- American International Foods Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analyzed during the course of research:
- Sojaprotein
- Wilmar International
- IMCOPA
- Gushen Biological Technology Group
- Henan Fiber Source Biological Engineering
- Benson Hill
- New Protein Global Inc.
- Devansoy Inc
- Northland Organic Foods Corporation
- Puris Proteins LLC
North America Soy Protein Market News and Recent Developments
Bunge Global SA – Mergers and Acquisitions
Bunge Global SA announced an agreement with Solae to acquire virtually all assets related to lecithin, soy protein concentrate production, and the crushing operations of International Flavors and Fragrances, Inc. (IFF). According to Bunge, the agreement, which was announced on August 5, is subject to specific adjustments and closing conditions and is expected to close by the end of 2025.Cargill, Inc – Mergers and Acquisitions
In June 2025, Cargill announced the acquisition of the soybean crushing unit, refinery, and oil bottling facility in Barreiras, Bahia, ending a lease contract that had been in place since 1998.
North America Soy Protein Market Report Coverage and Deliverables
The "North America Soy Protein Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- North America soy protein market size and forecast at the regional and country levels for all the key market segments covered under the scope
- North America soy protein market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's five forces and SWOT analysis
- North America soy protein market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America soy protein market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Growing health awareness and rising vegan/vegetarian trends are factors contributing to the market growth.
The market size is projected to reach US$ 2.41 billion by 2031.
International Flavors & Fragrances Inc., Cargill Inc., Archer Daniels Midland Company, Bunge Global SA, SunOpta Inc., Farbest-Tallman Foods Corp, The Scoular Co., Sun Nutrafoods, Associated British Foods Plc, and American International Foods Inc. are among the key players operating in the market.
The US dominated the market with the largest share in 2024.
The growing inclination toward healthy and convenient diets is likely to bring new trends in the market in the future.
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Assumptions and Limitations
4. North America Soy Protein Market Landscape
4.1 Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Suppliers:
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers:
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain
4.4 Average Selling Price, 2024
5. North America Soy Protein Market – Key Market Dynamics
5.1 North America Soy Protein Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Consumer Demand for Plant-Based Proteins
5.2.2 Health and Wellness Trend Promoting High-Protein Diets
5.2.3 Functional Benefits and Cost-Effectiveness as an Ingredient
5.3 Market Restraints
5.3.1 Intense Competition from Alternative Plant-Based Proteins
5.3.2 Volatility in Raw Material (Soybean) Commodity Prices
5.3.3 Stringent Food Safety and Regulatory Compliance Hurdles
5.4 Market Opportunities
5.4.1 Innovation in Taste-Masking and Texturization Technologies
5.4.2 Expansion into New Applications Beyond Meat Alternatives
5.4.3 Leveraging Non-GMO and Organic Product Premiumization
5.5 Future Trends
5.5.1 Blended Protein Solutions for Enhanced Nutrition and Functionality
5.5.2 Expanding Demand for Sports and Medical Nutrition Formulations
5.5.3 Capitalizing on Sustainability and Upcycling
5.6 Impact of Drivers and Restraints:
6. North America Soy Protein Market Analysis
6.1 North America Soy Protein Market Volume and Forecast (Kilo Tons), 2021–2031
6.2 North America Soy Protein Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Soy Protein Market Revenue and Forecast (US$ Million), 2021–2031
6.4 North America Soy Protein Market Revenue Forecast and Analysis (US$ Million)
7. North America Soy Protein Market Volume and Revenue Analysis – by Type
7.1 Soy Protein Concentrate
7.1.1 Overview
7.1.2 Soy Protein Concentrate: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
7.1.3 Soy Protein Concentrate: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Soy Protein Isolate
7.2.1 Overview
7.2.2 Soy Protein Isolate: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
7.2.3 Soy Protein Isolate: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.3 Textured Soy Protein
7.3.1 Overview
7.3.2 Textured Soy Protein: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
7.3.3 Textured Soy Protein: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.4 Soy Flour and Grits
7.4.1 Overview
7.4.2 Soy Flour and Grits: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
7.4.3 Soy Flour and Grits: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
8. North America Soy Protein Market Volume and Revenue Analysis – by Category
8.1 Conventional
8.1.1 Overview
8.1.2 Conventional: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
8.1.3 Conventional: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Organic
8.2.1 Overview
8.2.2 Organic: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
8.2.3 Organic: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
9. North America Soy Protein Market Volume and Revenue Analysis – by Form
9.1 Dry
9.1.1 Overview
9.1.2 Dry: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
9.1.3 Dry: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 Liquid
9.2.1 Overview
9.2.2 Liquid: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
9.2.3 Liquid: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10. North America Soy Protein Market Volume and Revenue Analysis – by Application
10.1 Bakery and Confectionery
10.1.1 Overview
10.1.2 Bakery and Confectionery: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.1.3 Bakery and Confectionery: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.2 Meat Alternatives
10.2.1 Overview
10.2.2 Meat Alternatives: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.2.3 Meat Alternatives: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.3 Dairy Alternatives
10.3.1 Overview
10.3.2 Dairy Alternatives: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.3.3 Dairy Alternatives: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.4 Infant Nutrition
10.4.1 Overview
10.4.2 Infant Nutrition: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.4.3 Infant Nutrition: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.5 Protein Supplements
10.5.1 Overview
10.5.2 Protein Supplements: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.5.3 Protein Supplements: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.6 Animal Nutrition
10.6.1 Overview
10.6.2 Animal Nutrition: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.6.3 Animal Nutrition: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
10.7.3 Others: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
11. North America Soy Protein Market – Country Analysis
11.1 North America
11.1.1 North America Soy Protein Market – Revenue and Forecast Analysis – by Country
11.1.1.1 North America Soy Protein Market – Volume and Forecast Analysis – by Country
11.1.1.2 North America Soy Protein Market – Revenue and Forecast Analysis – by Country
11.1.1.3 United States: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.3.1 United States: Soy Protein Market Breakdown, by Type
11.1.1.3.2 United States: Soy Protein Market Breakdown, by Category
11.1.1.3.3 United States: Soy Protein Market Breakdown, by Form
11.1.1.3.4 United States: Soy Protein Market Breakdown, by Application
11.1.1.4 Canada: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.4.1 Canada: Soy Protein Market Breakdown, by Type
11.1.1.4.2 Canada: Soy Protein Market Breakdown, by Category
11.1.1.4.3 Canada: Soy Protein Market Breakdown, by Form
11.1.1.4.4 Canada: Soy Protein Market Breakdown, by Application
11.1.1.5 Mexico: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.5.1 Mexico: Soy Protein Market Breakdown, by Type
11.1.1.5.2 Mexico: Soy Protein Market Breakdown, by Category
11.1.1.5.3 Mexico: Soy Protein Market Breakdown, by Form
11.1.1.5.4 Mexico: Soy Protein Market Breakdown, by Application
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Market Share Analysis, 2024
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions
14. Company Profiles
14.1 International Flavors & Fragrances Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Cargill Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Archer Daniels Midland Company
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Bunge Global SA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 SunOpta Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Farbest-Tallman Foods Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 The Scoular Co
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Sun Nutrafoods
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Associated British Foods Plc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 American International Foods Inc
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
List of Tables
Table 1. North America Soy Protein Market Segmentation
Table 2. List of Vendors
Table 3. Average Selling Price, 2024, US$/Ton, By Type
Table 4. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons)
Table 5. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons)
Table 6. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million)
Table 7. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 8. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Type
Table 9. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Type
Table 10. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 11. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 12. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Category
Table 13. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Category
Table 14. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Category
Table 15. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category
Table 16. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Form
Table 17. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Form
Table 18. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Form
Table 19. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Form
Table 20. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Application
Table 21. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Application
Table 22. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 23. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 24. North America Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Country
Table 25. North America Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) –by Country
Table 26. North America Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 27. North America Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 28. United States: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Type
Table 29. United States: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Type
Table 30. United States: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 31. United States: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 32. United States: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Category
Table 33. United States: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Category
Table 34. United States: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Category
Table 35. United States: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category
Table 36. United States: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Form
Table 37. United States: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Form
Table 38. United States: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Form
Table 39. United States: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Form
Table 40. United States: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Application
Table 41. United States: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Application
Table 42. United States: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 43. United States: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 44. Canada: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Type
Table 45. Canada: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Type
Table 46. Canada: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 47. Canada: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 48. Canada: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Category
Table 49. Canada: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Category
Table 50. Canada: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Category
Table 51. Canada: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category
Table 52. Canada: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Form
Table 53. Canada: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Form
Table 54. Canada: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Form
Table 55. Canada: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Form
Table 56. Canada: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Application
Table 57. Canada: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Application
Table 58. Canada: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 59. Canada: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 60. Mexico: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Type
Table 61. Mexico: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Type
Table 62. Mexico: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 63. Mexico: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 64. Mexico: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Category
Table 65. Mexico: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Category
Table 66. Mexico: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Category
Table 67. Mexico: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Category
Table 68. Mexico: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Form
Table 69. Mexico: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Form
Table 70. Mexico: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Form
Table 71. Mexico: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Form
Table 72. Mexico: Soy Protein Market – Volume, 2021–2024 (Kilo Tons) – by Application
Table 73. Mexico: Soy Protein Market – Volume Forecast, 2025–2031 (Kilo Tons) – by Application
Table 74. Mexico: Soy Protein Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 75. Mexico: Soy Protein Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 76. Heat Map Analysis by Key Players
List of Figures
Figure 1. North America Soy Protein Market Segmentation
Figure 2. Porter’s Five Force Analysis
Figure 3. Ecosystem: North America Soy Protein Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Soy Protein Market Volume and Forecast (Kilo Tons), 2021–2031
Figure 6. North America Soy Protein Market Revenue and Forecast (US$ Million), 2021–2031
Figure 7. North America Soy Protein Market Share (%) – by Type, 2024 and 2031
Figure 8. Soy Protein Concentrate: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 9. Soy Protein Concentrate: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10. Soy Protein Isolate: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 11. Soy Protein Isolate: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 12. Textured Soy Protein: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 13. Textured Soy Protein: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14. Soy Flour and Grits: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 15. Soy Flour and Grits: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 16. North America Soy Protein Market Share (%) – by Category, 2024 and 2031
Figure 17. Conventional: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 18. Conventional: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. Organic: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 20. Organic: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 21. North America Soy Protein Market Share (%) – by Form, 2024 and 2031
Figure 22. Dry: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 23. Dry: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 24. Liquid: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 25. Liquid: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 26. North America Soy Protein Market Share (%) – by Application, 2024 and 2031
Figure 27. Bakery and Confectionery: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 28. Bakery and Confectionery: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 29. Meat Alternatives: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 30. Meat Alternatives: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 31. Dairy Alternatives: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 32. Dairy Alternatives: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 33. Infant Nutrition: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 34. Infant Nutrition: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 35. Protein Supplements: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 36. Protein Supplements: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 37. Animal Nutrition: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 38. Animal Nutrition: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 39. Others: North America Soy Protein Market – Volume and Forecast, 2021–2031 (Kilo Tons)
Figure 40. Others: North America Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 41. North America Soy Protein Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 42. United States: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 43. Canada: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 44. Mexico: Soy Protein Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 45. Company Market Share Analysis, 2024
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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