Soy Protein Market Report 2026

The soy protein market size has grown strongly in recent years. It will grow from $11.59 billion in 2025 to $12.2 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to rising vegetarian and vegan population, increasing awareness of plant-based nutrition, expansion of soy processing capacity, growing use of soy ingredients in food manufacturing, improved protein extraction technologies.

The soy protein market size is expected to see strong growth in the next few years. It will grow to $15.04 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing demand for plant-based meat substitutes, rising focus on sustainable protein sources, expansion of functional food and sports nutrition markets, growing innovation in soy protein formulations, increasing online distribution of protein products. Major trends in the forecast period include increasing use of soy protein in meat alternatives, rising demand for high-protein functional foods, growing adoption of organic soy protein, expansion of textured soy protein applications, enhanced focus on clean-label protein sources.

The rising vegan population is contributing to the growth of the soy protein market. A vegan diet excludes all animal products, including meat, dairy, eggs, and fish. As vegan and flexitarian diets gain popularity, driven by concerns over sustainability and ethical issues related to meat production, demand for plant-based protein sources like soy protein is increasing. For instance, in January 2023, according to Food Manufacture, a UK-based food and drink industry publication, the number of vegans in the UK grew by 1.1 million between 2023 and 2024. Research by Finder indicates that the vegan population in the UK has now reached 2.5 million, accounting for 4.7% of the adult population. Consequently, the growing vegan population is expected to propel the soy protein market in the coming years.

Key companies in the soy protein market are focusing on innovations such as textured soy protein to enhance taste, texture, and nutritional value in plant-based meat and seafood alternatives. Textured soy proteins are processed to mimic the fibrous, chewy qualities of animal protein, enabling realistic meat and seafood substitutes. For example, in November 2024, ICL Food Specialties, a US-based functional food ingredient manufacturer, in partnership with Japan-based DAIZ Engineering, launched ROVITARIS SprouTx. This textured soy protein uses proprietary germination technology to reduce beany flavors, improve texture, and maintain high nutritional value, supporting next-generation plant-based meat and seafood applications.

In April 2023, Moolec Science SA, a Luxembourg-based food-technology company, acquired ValoraSoy S.A. for US$6 million. This acquisition expanded Moolec’s plant-based ingredient operations by integrating ValoraSoy’s industrial soy protein processing facilities and global commercial network. ValoraSoy, based in Argentina, specialized in producing textured soy proteins for meat-alternative products such as burgers, sausages, and other analogues.

Major companies operating in the soy protein market are Archer Daniels Midland Company, Cargill Incorporated, Bunge Limited, Wilmar International Limited, CHS Inc., Fuji Oil Holdings Inc., Sojaprotein a.d., Roquette Frères, Ingredion Incorporated, DuPont de Nemours Inc., Kerry Group plc, Axiom Foods Inc., Burcon NutraScience Corporation, Benson Hill Inc., SunOpta Inc., Shandong Yuxin Soybean Protein Co., Ltd., Solbar Industries Ltd., Nordic Soya Oy, Titan Biotech Limited, Sonic Biochem Extractions Pvt. Ltd., Halcyon Proteins Pty Ltd., Vyas Bio Life Sciences Pvt. Ltd., Solae LLC.

North America was the largest region in the Soy Protein market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soy protein market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the soy protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The soy protein market consists of sales of textured soy protein, soy protein isolates, soy protein concentrates, and other soy protein products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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