The Soy Protein Ingredients Market: Witnessing significant growth and expansion

Rising demand for soy protein components and ongoing expansion in per capita disposable income, the usage of ingredients containing soy protein in infant diets to drive soy protein ingredients market growth. North America region led the market in 2022 with the largest market share of 36.3%.

The Brainy Insights estimates that the USD 10.3 billion in 2022 Soy Protein Ingredients Market will reach USD 16.2 billion by 2032. Ingredients derived from soy protein are utilized in a variety of goods, including food and drink items, nutritional supplements, feed for animals, and medications. They come in a variety of formats, including isolates, concentrates, and textured soy protein. Due to a number of causes, the demand for soy protein components has been rapidly expanding in recent years. One of the key factors is the rising demand for organic protein products, which is being fueled by the popularity of vegan and vegetarian diets as well as an increased understanding of the advantages of plant-based diets for the environment and human health.

Asia Pacific is anticipated to expand at the fastest CAGR of 5.8% over the projection period.