China Soy Protein Market Size (2024 - 2029)

The China Soy Protein Market is experiencing significant growth, driven by the increasing production and utilization of soybeans in various food products. This expansion is characterized by the development of innovative soy protein products, such as isolates, concentrates, and textured proteins, which are gaining traction in the food and beverage industry due to the rising demand for protein-rich foods. The market's growth is further supported by the incorporation of soy protein to enhance nutritional profiles, its use in maintaining product texture, and its role as a binder in food products. Additionally, the high fiber content of soy protein is appealing to health-conscious consumers, including those on strict diets and the aging population, who are opting for plant-based meat alternatives to address lifestyle-related health issues.

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Market Size of China Soy Protein Industry

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China Soy Protein Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.9 Billion
Market Size (2029) USD 1.35 Billion
CAGR (2024 - 2029) 8.49 %
Market Concentration Low

Major Players

China Soy Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China Soy Protein Market Analysis

The China Soy Protein Market size is estimated at USD 0.9 billion in 2024, and is expected to reach USD 1.35 billion by 2029, growing at a CAGR of 8.49% during the forecast period (2024-2029).

  • Soya bean is a staple food in China owing to its increasing production and use in different foods. According to United States Department of Agriculture (USDA) Foreign Agriculture Service data from 2021, China produced 19.6 million metric tons of soya beans in 2021. Owing to the increasing production, market players in the region are producing different innovative products from soya beans that include sou protein isolates, concentrates, and textured proteins as well. The demand for soy protein concentrates in the food and beverage industry is increasing owing to the increasing demand for proteinaceous foods.
  • Moreover, the incorporation of soy protein into food and beverages to enhance the nutritional profile of the product is one of the primary market drivers in the market. Additionally, soy protein is used in various products such as bakery & confectionery and dairy alternative products to maintain product texture, and it also acts as a binder in various food products, resulting in increasing the demand for soy protein concentrate (SPC) across the market.
  • The presence of high fiber contents has resulted in increased use of soy protein in manufacturing food products for people following a rigorous diet and exercise schedule. In addition, the old age population in the country is switching to the consumption of plant-based meat instead of conventional meat due to rising lifestyle diseases like cholesterol, digestion issues, and obesity. For instance, according to the World Population Review, the prevalence of adult obesity in the country was 21.9% in 2022. All the above-mentioned factors drive the Chinese gelatin market.

China Soy Protein Industry Segmentation

Soy protein is a high-quality protein with a protein digestibility-corrected amino acid score (PDCAAS) of 1.00, which is close to some of the proteins from animal sources, such as meat and dairy. 

The China soy protein market is segmented by form and end-user. By form, the market is segmented into concentrates, isolates, and textured/hydrolyzed. By end-user, the market is segmented into animal feed, personal care and cosmetics, food and beverages, and supplements. 

The market sizing has been done in value terms in USD and volume terms in tons for all the abovementioned segments.

Form
Concentrates
Isolates
Textured/Hydrolyzed
End-User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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China Soy Protein Market Size Summary

The China soy protein market is experiencing significant growth, driven by the increasing production and consumption of soybeans as a staple food. This growth is fueled by the rising demand for protein-rich foods in the food and beverage industry, where soy protein concentrates are increasingly incorporated to enhance nutritional profiles. The market is characterized by the production of innovative soy-based products such as protein isolates, concentrates, and textured proteins, catering to the health-conscious population and those following rigorous diet and exercise regimens. The shift towards plant-based diets, particularly among the elderly and fitness enthusiasts, is further propelling the demand for soy protein, as it offers a high-quality, complete protein source with numerous health benefits.

The competitive landscape of the China soy protein market is marked by the presence of both regional and multinational companies, including major players like ADM, DuPont de Nemours, Inc., Cargill, Incorporated, and others. These companies are actively engaging in strategies such as product innovation, partnerships, and mergers to expand their market presence and product offerings. The market's growth is also supported by the Chinese government's initiatives to promote sports participation and public health, which align with the increasing consumer preference for natural and less processed nutritional solutions. As the demand for plant-based proteins continues to rise, the market is poised for further expansion, with companies focusing on meeting the evolving needs of health-conscious consumers and athletes.

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China Soy Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Health and Wellness Trends Drives the Market

      2. 1.1.2 Rising Demand for functional Food Drives the Market

    2. 1.2 Market Restraints

      1. 1.2.1 High Competition from Other Protein Sources

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form

      1. 2.1.1 Concentrates

      2. 2.1.2 Isolates

      3. 2.1.3 Textured/Hydrolyzed

    2. 2.2 End-User

      1. 2.2.1 Animal Feed

      2. 2.2.2 Personal Care and Cosmetics

      3. 2.2.3 Food and Beverages

        1. 2.2.3.1 Bakery

        2. 2.2.3.2 Beverages

        3. 2.2.3.3 Breakfast Cereals

        4. 2.2.3.4 Condiments/Sauces

        5. 2.2.3.5 Dairy and Dairy Alternative Products

        6. 2.2.3.6 Meat/Poultry/Seafood and Meat Alternative Products

        7. 2.2.3.7 RTE/RTC Food Products

        8. 2.2.3.8 Snacks

      4. 2.2.4 Supplements

        1. 2.2.4.1 Baby Food and Infant Formula

        2. 2.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 2.2.4.3 Sport/Performance Nutrition

China Soy Protein Market Size FAQs

The China Soy Protein Market size is expected to reach USD 0.9 billion in 2024 and grow at a CAGR of 8.49% to reach USD 1.35 billion by 2029.

In 2024, the China Soy Protein Market size is expected to reach USD 0.9 billion.

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