The market for soy protein concentrate in North America is expected to record commendable growth throughout the next few years. The regional product consumption can be largely attributed to growing health concerns among consumers and shifting pattern towards consuming nutrition rich foods.

Genetically modified (GM) and non-genetically modified (non-GM) are among the different types of soy protein concentrates available in the market. The demand for GM soy protein concentrates is likely to grow at a CAGR of more than 6.8% through 2027. Meanwhile, non-GM soy protein concentrate segment will witness expansion at a 9% CAGR.

On the basis of function, the North America soy protein concentrates market can be segmented into emulsifier, texturants, nutrients, and water & fat absorption. In 2020, soy protein concentrate industry share from the texturant segment was estimated to be nearly USD 17 million and will grow substantially in the near future.

The product application in the production of sports and energy drinks as a water and fat absorption agent is growing considerably due to increasing participation in physical fitness activities. These trends will certainly bolster the overall industry outlook over the forthcoming years.

In terms of the applications, the North America soy protein concentrates industry share is classified into animal feed, meat processing, and bakery & confectionery. The demand for soy protein concentrates in meat processing applications is likely to grow steadily over 2021-2027. The product is mainly used for water retention during production of processed meat products.

Soy protein concentrates are easily digestible by animals which is why their demand in animal feed applications is increasing constantly. The animal feed segment can be further bifurcated into poultry, swine, cattle, and aquaculture, among others.

The swine feed segment will account for a substantial product adoption in the next few years as soy proteins are easily digestible by pigs and provide them with the required energy. The product in cattle feed applications will also increase substantially in the future. Soy proteins offer energy, proteins, and essential amino acids which are necessary for healthy growth and development of cattle.

The rising consumption of meat, dairy, poultry, and aquaculture products will certainly augment North America soy protein concentrates industry trends in the near future. Meanwhile, the consumption of soy protein concentrates in bakery and confectionery applications will rise at a healthy CAGR during 2021-2027. This can be contributed to the increasing demand for healthy bakery products among consumers.

The product is used in bakery applications owing to its ability to absorb and retain a large amount of water, since its important during mixing to have plenty of water for the gluten to hydrate and develop. In addition, soy protein concentrate flours hydrate very quickly.