Italy Soy Protein Market Size, Share, and COVID-19 Impact Analysis, By Form (Textured/Hydrolyzed, Concentrates, and Isolates), By End User (Food and Beverages, Personal Care and Cosmetics, Supplements, and Animal Feed), and Italy Soy Protein Market Insights, Industry Trend, Forecasts to 2033.

Italy Soy Protein Market Insights Forecasts to 2033

• The Italy Soy Protein Market Size was Estimated at USD 27.43 Billion in 2023.
• The Market is Growing at a CAGR of 4.13% from 2023 to 2033
• The Italy Soy Protein Market Size is Expected to Reach USD 41.12 Billion by 2033

The Italy Soy Protein Market Size is Expected to Reach USD 41.12 Billion by 2033, Growing at a CAGR of 4.13% from 2023 to 2033.

Market Overview

The soy protein market in Italy is the industry that focuses on products made from soybeans, which are used in a variety of items like food and beverages, animal feed, personal care, and supplements. The Italy soy protein market is driven because of its nutritional advantages, use in baking, confections, dairy substitutes, and as a binder in food items, soy protein is a major market driver.  In addition, because of its high fiber content, it is becoming more frequently used in food products for those who are on strict diets. Additionally, the demand for nutrient-dense and organic supplemental food items has also surged as a result of more individuals going to gyms. The nutraceutical business has been using soy protein concentrate more frequently as a result of the availability of plant-based protein. Furthermore, government initiatives aid in market expansion, such as the Common Agricultural Policy of the European Union offers farmers financial incentives to cultivate soy and other protein crops. This program encourages Italy and other European countries to produce soy in a sustainable and deforestation-free manner.

Report Coverage

This research report categorizes the market for the Italy soy protein market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Italy soy protein market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Italy soy protein market.

Driving Factors

The Italy soy protein market is expanding because the growing popularity of soy protein concentrate as a meat alternative is drawing in vegan and flexitarian customers and allowing food producers to provide their goods with a nutritional profile similar to that of meat. Additionally, because more people have access to the internet and more individuals are using social media influencers and other forms of advertising, consumers are becoming more conscious of the health benefits of soy protein, which is driving the market for soy protein.

Restraining Factors

The market expansion of soy protein concentrates may be hampered by the growing demand for plant protein substitutes including hemp, oat, and pea proteins.

Market Segmentation

The Italy soy protein market share is classified into the form and end user.

• The isolates segment anticipated for the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the form, the Italy soy protein market is classified into textured/hydrolyzed, concentrates, and isolates. Among these, the isolates segment anticipated for the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. This segment is growing because soy protein isolates are used to boost protein content, improve moisture retention, emulsify, and improve the texture of meat products.  In addition, the high protein content and bland taste of soy protein isolates are further advantages; they are also low in fat, oligosaccharides, and fiber, which reduces flatulence brought on by bacterial fermentation.

• The food and beverages segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end user, the Italy soy protein market is divided into food and beverages, personal care and cosmetics, supplements, and animal feed. Among these, the food and beverages segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is attributed to improving the nutritional profile of meals like meat substitutes, dairy-free products, and baked goods, soy protein can be available in a variety of forms, such as isolates, concentrates, and textured soy protein.  In addition, the demand for soy protein has increased as a result of producers' ability to accommodate the wide range of Italian consumers' tastes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Italy soy protein market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ADM
• DuPont de Nemours, Inc.
• Cargill, Incorporated.
• Costantino & C. spa
• Brenntag
• Wilmar International Limited.
• Kerry Group
• CJ Group
• Bunge Limited
• International Flavours and Fragrance Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2024, ROVITARIS® SprouTxTM, a textured soy protein created by DAIZ Engineering and ICL Food Specialties, is intended to improve plant-based meat and seafood products. This product will go on sale in 2025 after being featured at Food Ingredients Europe 2024.

Market Segment

This study forecasts revenue at Italy, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Italy soy protein market based on the below-mentioned segments:

Italy Soy Protein Market, By Form

• Textured/Hydrolyzed
• Concentrates
• Isolates

Italy Soy Protein Market, By End User

• Food and Beverages
• Personal Care and Cosmetics
• Supplements
• Animal Feed