Japan Soy Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 195 Million |
| Market Size (2029) | USD 222.30 Million |
| CAGR (2024 - 2029) | 2.66 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Soy Protein Market Analysis
The Japan Soy Protein Market size is estimated at USD 195 million in 2024, and is expected to reach USD 222.30 million by 2029, growing at a CAGR of 2.66% during the forecast period (2024-2029).
- Soy protein is used in different foods and beverages as the demand for plant-based food and beverage products is increasing in the country. Soy proteins are easily digestible and provide higher nutrients than animal meat. Owing to this, the use of soy protein in meat substitutes is increasing. Soybeans are a powerful legume that can easily replace meat as it provides a meat-like texture.
- Soy-fortified milk also observed high demand because of comparable protein, calcium, vitamins A and D, and B vitamins content to cow's milk. The demand for soy milk is increasing in the country due to rising lactose intolerance. According to JSMA data from 2022, the shipment volume of soy milk in Japan was 126.3 thousand liters. Furthermore, the demand for soy protein in sports nutrition and infant food is also increasing due to its nutritional and functional properties.
- According to the United States Department of Agriculture data from 2022, the production of soybeans in Japan was 238 thousand tons. Owing to the increasing production, the processing of soya is also increasing in the country. The market players are launching and innovating new soy proteins for a wide range of applications. For instance, Hollywood Cosmetics Japan provides a range of soy proteins for beauty and health. Soy protein is used in cosmetics and personal care products as it holds moisture in the skin for a longer time and provides glowing, healthy skin. According to Mitsubishi Chemical Corporation data from 2021, monthly household expenditure on personal care products in Japan was USD 26.96. Owing to this, the demand for soy protein in personal care products is growing. Although the use of soy protein is increasing in the country, the presence of other plant-based proteins like hemp protein, pea protein, potato protein, and others is expected to restrict the growth of the market.
Japan Soy Protein Market Trends
Increasing Demand for Plant Based Protein Products
- Consumer demand for plant-based food and beverages is increasing due to the rising trend of vegan and plant-based food consumption. Therefore, the demand for soy protein is increasing. Soy protein is used as an alternative in different dairy as well as meat alternative products. Due to rising health consciousness, consumers are opting for the consumption of less calorific and more nutritious and functional food. Also, due to the increasing prevalence of lactose intolerance, the demand for plant-based milk is increasing, which is increasing the demand for soy proteins in dairy manufacturers.
- According to Procon.Org data from 2022, 73% of people in Japan are lactose intolerant. Old consumers in the country are looking for products that are easy to digest; hence, the demand for plant-based proteins is increasing. Over the medium term, the demand for soy protein is expected to increase owing to the increasing demand for plant-based food and beverage products.
Increasing Application in Sports Nutrition
- Health-conscious consumers in the country are opting for the consumption of plant proteins as they provide more energy and keep the body fresh for a longer time. The market Players are using plant proteins like soy proteins in sports nutrition products like powders and beverages. Plant proteins reduce muscle fatigue and keep the body energized for a longer time. Additionally, soy protein helps in muscle building. Due to rising diseases like obesity and diabetes, consumers are participating in sports to keep themselves healthy.
- Sports athletes and sports enthusiasts are incorporating plant proteins in their diet regime to be fresh and fit for a longer time. According to Ministry of Internal Affairs and Communications (Japan) data from 2021, 74.79 million people in Japan are practicing sports. Owing to this, the demand for soy protein in sports nutrition products is increasing. The market players are providing soy protein products like isolates, concentrates, and others for athletes' weight management, muscle building, and overall immunity. For instance, the SAVAS brand from Meji Holdings provides soy protein for weight management.
Japan Soy Protein Industry Overview
The Japan soy protein market is fragmented, with the top companies covering major markets. The major players in this market are Archer Daniels Midland Company, CHS Inc., DuPont de Nemours Inc., Fuji Oil Group, and Otsuka Pharmaceutical Co. The demand for plant proteins is increasing in the country, due to which the market players are innovating new products. The companies are also focused on strategies like expansions, acquisitions, partnerships, and innovations to cater to growing demand.
Japan Soy Protein Market Leaders
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Archer Daniels Midland Company
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CHS Inc.
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DuPont de Nemours Inc.
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Fuji Oil Group
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Kerry Group
*Disclaimer: Major Players sorted in no particular order
Japan Soy Protein Market News
- January 2023: Roquette Freres, a plant-based ingredient manufacturer, made a strategic investment in the Japanese startup Daiz Inc. Daiz Inc. specializes in extrusion technology, which is instrumental in advancing the development of innovative plant-based ingredients.
- February 2021: DuPont completed a merger that united its Nutrition Business with International Flavors & Fragrances (IFF), creating a formidable entity poised to become a prominent supplier of ingredients to the United States' food industry. The resulting company achieved an impressive revenue of USD 11 billion and is well-positioned to offer a wide range of ingredients, including soy proteins, for various consumer products.
- December 2020: Marubeni Corporation entered into a partnership agreement with Daiz, a Japanese startup specializing in soy-based protein production for use in meat alternatives. Marubeni Corporation invested USD 0.95 million in this promising startup venture.
Japan Soy Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing Demand for Protein-Rich Food
- 4.1.2 Increasing Demand for Plant-Based and Organic Ingredients
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4.2 Market Restraints
- 4.2.1 Presence of Alternative Proteins
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Form
- 5.1.1 Concentrates
- 5.1.2 Hydrolyzed
- 5.1.3 Isolates
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5.2 End-User
- 5.2.1 Animal Feed
- 5.2.2 Personal Care and Cosmetics
- 5.2.3 Food and Beverages
- 5.2.3.1 Bakery
- 5.2.3.2 Beverages
- 5.2.3.3 Breakfast Cereals
- 5.2.3.4 Condiments/Sauces
- 5.2.3.5 Dairy and Dairy Alternative Products
- 5.2.3.6 RTE/RTC Food Products
- 5.2.3.7 Snacks
- 5.2.4 Supplements
- 5.2.4.1 Baby Food and Infant Formula
- 5.2.4.2 Elderly Nutrition and Medical Nutrition
- 5.2.4.3 Sport/Performance Nutrition
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Royal DSM
- 6.3.2 Kerry Group PLC
- 6.3.3 Fuji Oil Group
- 6.3.4 CHS inc
- 6.3.5 DuPont de Nemours Inc
- 6.3.6 Bunge Limited
- 6.3.7 Archer Daniels Midland Company
- 6.3.8 A. Costantino & C. SpA
- 6.3.9 Mitsubishi Chemical Corporation
- 6.3.10 Cargill Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Japan Soy Protein Industry Segmentation
Soy protein is extracted from the processing of soy. Soy protein is used in different food products to increase their nutritional value.
Japan's soy protein market is segmented by for into concentrates, hydrolysates, and isolates. By end user, the market is segmented into animal feed, personal care and cosmetics, food and beverages, and supplements. The food and beverage segment is further segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, RTE/RTC food products, and snacks.
For each segment, the report offers the market size in value terms in USD and volume terms in tons for all the abovementioned segments.
| Form | Concentrates | |
| Hydrolyzed | ||
| Isolates | ||
| End-User | Animal Feed | |
| Personal Care and Cosmetics | ||
| Food and Beverages | Bakery | |
| Beverages | ||
| Breakfast Cereals | ||
| Condiments/Sauces | ||
| Dairy and Dairy Alternative Products | ||
| RTE/RTC Food Products | ||
| Snacks | ||
| Supplements | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | ||
| Sport/Performance Nutrition |
Japan Soy Protein Market Research FAQs
How big is the Japan Soy Protein Market?
The Japan Soy Protein Market size is expected to reach USD 195 million in 2024 and grow at a CAGR of 2.66% to reach USD 222.30 million by 2029.
What is the current Japan Soy Protein Market size?
In 2024, the Japan Soy Protein Market size is expected to reach USD 195 million.
Who are the key players in Japan Soy Protein Market?
Archer Daniels Midland Company, CHS Inc., DuPont de Nemours Inc., Fuji Oil Group and Kerry Group are the major companies operating in the Japan Soy Protein Market.
What years does this Japan Soy Protein Market cover, and what was the market size in 2023?
In 2023, the Japan Soy Protein Market size was estimated at USD 189.81 million. The report covers the Japan Soy Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Soy Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Soy Protein Industry Report
Statistics for the 2024 Japan Soy Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Soy Protein analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
