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China Soy Protein Market- Size, Trends, Competitive Analysis and Forecasts (2022-2027)

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  • 106 Pages
  • February 2022
  • Region: China
  • Hypercube Insights
  • ID: 5544299

China Soy Protein Market to be worth $1 billion by 2027

China is one of the largest economies in the world. Most of the growth of China has been recorded in the past two decades. The country's government has taken various initiatives to intensify industrialization and drive rapid infrastructural developments. The Chinese market has been moving towards maturity for the last few years. The soy protein industry in China is developed and the consumption of soy protein is high. The soy protein companies are growing rapidly as more emerging players are entering the industry to capture most of the market share.

The soy protein industry accounts for around 25% of the Asia-Pacific soy protein market share. The major competitor for the soy protein market in the country is whey protein. The whey protein market's growth rate is relatively high compared to all other protein types. Nevertheless, the market revenue of soy protein is projected to capture the value of $1,001.5 million by 2027, registering at a CAGR of 8.3% from 2022 to 2027.

Major driver for the soy protein market in the country is the rapidly rising demand for plant-based protein products among the health-conscious consumers in the country. The application of soy protein across the food industry currently captures the highest market share, with a forecasted CAGR of 8.5% during the forecast period. The robust growth rate for soy protein application in food industry is forecasted based on ever-growing application in snacks, confectionery, and meat alternatives. Another driver of the rapidly rising soy protein market is the increasing population indulging in sports and fitness to reduce obesity. Such a trend projects the application of soy proteins across the dietary supplement industry to grow at a CAGR of 9.1% during the forecast period.

Even though China is one of the major consumers of soy protein, some constraints threaten the growth of the soy protein market. The demand for substitute protein products such as whey protein-based protein bars, drinks, juices, smoothies, etc., across the sports nutrition industry is very high compared to the application of soy protein in similar products. In addition, soy is proven to cause allergies to some people. However, recent innovations in advanced processing may help remove allergic content from soy protein. Thus, in the future rising research and improved technological advancement would boost the soy protein industry.

In China, key soy protein manufacturers are Shandong Wonderful Industrial Group Co., Ltd, Crown Soya Protein Group, and Shandong Sinoglory Health Food Co., Ltd. Moreover, considering the high demand for soy protein in the Asian market, key players plan to expand their operation across other neighboring countries in the region by implementing various investment strategies such as mergers, acquisitions, product launches, and production capacity expansion.

Key Deliverables

  • Market trends since 2018 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects, and competition pattern
  • Insights on the growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

Table of Contents

1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions
2. Summary
2.1 Market Summary by Type
2.2 Market Summary by Application
3. Industry Dynamics
3.1 Drivers
3.1.1 Demand for cheaper sources of plant-based proteins
3.1.2 Increasing awareness about obesity-related health problems
3.1.3 Strengthening demand for lactose-free, gluten-free proteins
3.1.4 Accelerating demand for meat alternatives
3.1.5 Growing demand of soy protein from animal feed industry
3.2 Restraints
3.2.1 Presence of allergens making it less appealing
3.2.2 Growing threat from substitute products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceuticals industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Soy Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations
4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Soy Protein Isolates
4.1.2 Soy Protein Concentrate
4.1.3 Soy Protein Hydrolysates
4.1.4. Textured Soy Protein
4.1.5. Others (Soy Flour, Soy Grits, Soy Chunks, Brushed Soy Protein)
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Isoelectric precipitation
4.2.3 Enzymatic hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food Infant Formula Confectionary Bakery Snacks Dairy Alternatives Meat Analogs & Substitutes Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others
5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices
6. Company Profiles
6.1 Archer Daniels Midland
6.2 Cargill Inc.
6.3 Wilmar International
6.4 DowDuPont Inc.
6.5 The Scoular Company
6.6 Devansoy Inc.
6.7 Kerry Ingredients Inc.
6.8 Fuji Oil Co. Ltd.
6.9 CHS Inc.
6.10 Shandong Wonderful Industrial Group Co., Ltd
6.11 Shandong Sinoglory Health Food Co., Ltd.
6.12 Crown Soya Protein Group
6.13 Farbest Brands
6.14 Biopress S.A.S.
6.15 Now Foods
6.16 Victoria Group
6.17 A Costantino & C. S.P.A.
  • Sources
  • Disclaimer

Companies Mentioned

  • Archer Daniels Midland
  • Cargill Inc.
  • Wilmar International
  • DowDuPont Inc.
  • The Scoular Company
  • Devansoy Inc.
  • Kerry Ingredients Inc.
  • Fuji Oil Co. Ltd.
  • CHS Inc.
  • Shandong Wonderful Industrial Group Co., Ltd
  • Shandong Sinoglory Health Food Co., Ltd.
  • Crown Soya Protein Group
  • Farbest Brands
  • Biopress S.A.S.
  • Now Foods
  • Victoria Group
  • A Costantino & C. S.P.A.