Market overview
The global soy protein market is worth USD 8.0 bn in 2026 and is forecast to reach USD 15.4 bn by 2036, growing at a 6.8% CAGR. China is the largest country market and Soy protein concentrate is the largest by product segment.
| Scope | Soy protein ingredients: isolates, concentrates, flours and textured soy protein sold to food, beverage, meat-alternative and animal-nutrition manufacturers. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 7.5 bn |
| Value 2026 | USD 8.0 bn |
| Value 2036 | USD 15.4 bn |
| CAGR 2026-2036 | 6.8% |
| Volume 2026 | 3,163 thousand tonnes |
| Volume 2036 | 5,529 thousand tonnes |
| Average price 2026 | USD 2,525 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Soy Protein market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 8.0 bn |
| 2027 | USD 8.5 bn |
| 2028 | USD 9.1 bn |
| 2029 | USD 9.7 bn |
| 2030 | USD 10.4 bn |
| 2031 | USD 11.1 bn |
| 2032 | USD 11.9 bn |
| 2033 | USD 12.7 bn |
| 2034 | USD 13.5 bn |
| 2035 | USD 14.4 bn |
| 2036 | USD 15.4 bn |
Soy Protein market segmentation
By product
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Soy protein concentrate | 42.0% | 40.5% | USD 3.4 bn | 6.4% |
| Soy protein isolate | 26.0% | 26.3% | USD 2.1 bn | 6.9% |
| Textured soy protein | 20.0% | 23.2% | USD 1.6 bn | 8.4% |
| Soy flour and grits | 12.0% | 10.0% | USD 958 mn | 4.9% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Meat and meat alternatives | 30.0% | 35.9% | USD 2.4 bn | 8.7% |
| Bakery and confectionery | 18.0% | 15.5% | USD 1.4 bn | 5.2% |
| Dairy alternatives and beverages | 16.0% | 17.5% | USD 1.3 bn | 7.7% |
| Infant and clinical nutrition | 10.0% | 9.0% | USD 799 mn | 5.7% |
| Animal feed and milk replacers | 16.0% | 13.8% | USD 1.3 bn | 5.2% |
| Other food | 10.0% | 8.2% | USD 799 mn | 4.7% |
By source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Non-GM soybean | 30.0% | 32.0% | USD 2.4 bn | 7.5% |
| Conventional soybean | 64.0% | 61.0% | USD 5.1 bn | 6.3% |
| Organic soybean | 6.0% | 7.0% | USD 479 mn | 8.5% |
By form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Dry powder and flour | 42.0% | 40.0% | USD 3.4 bn | 6.3% |
| Granules and flakes | 24.0% | 24.0% | USD 1.9 bn | 6.8% |
| Textured chunks and crumbles | 20.0% | 22.0% | USD 1.6 bn | 7.8% |
| Liquid and gel | 14.0% | 14.0% | USD 1.1 bn | 6.8% |
By functional role
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Protein fortification | 34.0% | 34.0% | USD 2.7 bn | 6.8% |
| Texturising and meat analogues | 28.0% | 31.0% | USD 2.2 bn | 7.9% |
| Emulsifying and binding | 22.0% | 21.0% | USD 1.8 bn | 6.3% |
| Water retention and gelling | 16.0% | 14.0% | USD 1.3 bn | 5.4% |
Top 25 countries for soy protein by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 76.0% of 2026 revenue and the 25 countries below together hold 93.6%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 1.8 bn | 22.0% | USD 3.6 bn | 7.4% |
| 2 | United States | USD 1.6 bn | 20.0% | USD 2.9 bn | 6.2% |
| 3 | Brazil | USD 559 mn | 7.0% | USD 1.1 bn | 7.0% |
| 4 | Germany | USD 399 mn | 5.0% | USD 709 mn | 5.9% |
| 5 | Japan | USD 399 mn | 5.0% | USD 648 mn | 5.0% |
| 6 | India | USD 320 mn | 4.0% | USD 709 mn | 8.3% |
| 7 | France | USD 280 mn | 3.5% | USD 493 mn | 5.8% |
| 8 | Netherlands | USD 280 mn | 3.5% | USD 493 mn | 5.8% |
| 9 | United Kingdom | USD 240 mn | 3.0% | USD 432 mn | 6.1% |
| 10 | Indonesia | USD 240 mn | 3.0% | USD 493 mn | 7.5% |
| 11 | Canada | USD 162 mn | 2.0% | USD 295 mn | 6.2% |
| 12 | Argentina | USD 126 mn | 1.6% | USD 230 mn | 6.2% |
| 13 | Italy | USD 117 mn | 1.5% | USD 213 mn | 6.1% |
| 14 | Spain | USD 109 mn | 1.4% | USD 197 mn | 6.2% |
| 15 | Thailand | USD 109 mn | 1.4% | USD 221 mn | 7.3% |
| 16 | Vietnam | USD 99 mn | 1.2% | USD 245 mn | 9.5% |
| 17 | Mexico | USD 99 mn | 1.2% | USD 202 mn | 7.4% |
| 18 | South Korea | USD 99 mn | 1.2% | USD 180 mn | 6.2% |
| 19 | Australia | USD 81 mn | 1.0% | USD 165 mn | 7.3% |
| 20 | Turkey | USD 81 mn | 1.0% | USD 184 mn | 8.5% |
| 21 | Poland | USD 81 mn | 1.0% | USD 165 mn | 7.3% |
| 22 | Philippines | USD 72 mn | 0.9% | USD 162 mn | 8.5% |
| 23 | Egypt | USD 63 mn | 0.8% | USD 142 mn | 8.4% |
| 24 | Saudi Arabia | USD 54 mn | 0.7% | USD 122 mn | 8.4% |
| 25 | Belgium | USD 54 mn | 0.7% | USD 99 mn | 6.2% |
| Rest of world | USD 509 mn | 6.4% | USD 1.0 bn | 7.2% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- ADM
- Cargill
- IFF
- Fuji Oil Holdings
- Bunge
Group 2: Regional and specialist players
- Wilmar International
- CHS
- Shandong Yuwang Ecological Food
- Sojaprotein
- Devansoy
- Linyi Shansong Biological Products
- Gushen Group
- Yantai Shuangta Food
- Patanjali Foods
Group 3: Emerging and niche players
- Burcon NutraScience
- Hinoman
- Shandong Wonderful Industrial Group
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the soy protein market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.8% is calculated from the resulting values.
The market is divided by product, by end use, by source, by form, by functional role. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the soy protein market?
The global soy protein market is estimated at USD 7.5 bn in 2025 and USD 8.0 bn in 2026.
How fast will the soy protein market grow?
It is forecast to reach USD 15.4 bn by 2036, a compound annual growth rate of 6.8% from 2026, an increase of USD 7.4 bn.
Which country is the largest market for soy protein?
China is the largest market by revenue at USD 1.8 bn in 2026, 22.0% of the global total. The three largest countries together hold 49.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 8.3% a year from 2026 to 2036.
Which soy protein segment is largest?
In the by product split, Soy protein concentrate is the largest segment with 42.0% of 2026 revenue.
Who are the leading soy protein companies?
Global leaders include ADM, Cargill, IFF, Fuji Oil Holdings.
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