United Kingdom Soy Protein Market Size, Share, and COVID-19 Impact Analysis, By Type (Soy Protein isolates, Soy protein concentrates, Soy protein flours, and Others), By Form (Powders, Bars, Ready to drinks, Capsules & tablets, and Others), By Application (Functional foods, Sports nutrition, Meat additives, Confectionary & other food products, Pharmaceuticals, and Others), By Distribution channel (Supermarket/Hypermarket, Convenience store, E-commerce, and Others), and United Kingdom Soy Protein Market Insights, Industry Trend, Forecasts to 2033

United Kingdom Soy Protein Market Insights Forecasts to 2033

• The U.K. Soy Protein Market Size was valued at USD 195.9 Million in 2023.
• The U.K. Soy Protein Market Size is growing at a CAGR of 3.82% from 2023 to 2033
• The U.K. Soy Protein Market Size is expected to exceed USD 285.0 Million By 2033

The United Kingdom Soy Protein Market Size is Anticipated to exceed USD 285.0 Million By 2033, Growing at a CAGR of 3.82% from 2023 to 2033. The growing awareness about the health benefits of soy protein, prevalence of lifestyle diseases, and the emphasis on a healthy diet are driving the growth of the soy protein market in the UK.     

Market Overview

Soy protein market refers to the trade and consumption of soy protein ingredients, which are derived from soyabeans and used as a protein source in the food, animal feed, and supplements. Soy protein is the primary protein found in soy products, such as tofu, tempeh, soy milk, and other soy-based dairy and meat alternatives. These proteins are highly digestible and contain no cholesterol and saturated fat, providing the full range of essential amino acids. The processing of soymeal for producing ingredients of soy protein with higher protein concentrations with health benefits and functional properties. There is demand for organic soy protein with the surging growth in the organic market along with the support of government and non-government organizations. Consumer awareness and establishing marketing campaigns promoting the health benefits of consuming organic food products are significantly offering market opportunities for soy protein.

Report Coverage

This research report categorizes the market for the UK 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 United Kingdom 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 UK soy protein market.

Driving Factors

The increasing awareness about the health benefits of soy protein with the studies highlighting its potential for reducing CVD risk, improving bone health, and alleviating menopausal symptoms is propelling the market. Further, the benefits of soy protein in managing or reducing the risk of certain lifestyle diseases such as cardiovascular disease, some cancer, and osteoporosis as per individual needs are driving the market growth. In the United Kingdom, over 60 percent of survey respondents stated that they attempted to eat healthily. The emphasis on a healthy diet is promoting the soy protein market in the country.

Restraining Factors

The allergic reactions, digestive issues, and hormonal associated with the consumption of soy protein may hamper the market growth. Regulations associated with food safety, labeling, and import/export restrictions are restraining the market growth.

Market Segmentation

The United Kingdom soy protein market share is classified into type, form, application, and distribution channel.

• The soy protein isolates segment dominated the United Kingdom soy protein market with a significant market share and is expected to grow at a significant CAGR during the projected period.

The United Kingdom soy protein market is segmented by type into soy protein isolates, soy protein concentrates, soy protein flours, and others. Among these, the soy protein isolates segment dominated the United Kingdom soy protein market with a significant market share and is expected to grow at a significant CAGR during the projected period. The increased use of soy protein isolates as a common ingredient in food products for vegetarians and flexitarians is propelling the market.

• The powders segment is expected to hold the largest market share of the soy protein market and is anticipated to grow at a significant CAGR during the projected period.

The United Kingdom soy protein market is segmented by form into powders, bars, ready to drinks, capsules & tablets, and others. Among these, the powders segment is expected to hold the largest market share of the soy protein market and is anticipated to grow at a significant CAGR during the projected period. The convenient and versatile nature of the powder form of soy protein in food & beverage applications is driving the market growth.

• The functional foods segment held the largest share of the UK soy protein market and is anticipated to grow at a significant CAGR during the projected period.

The United Kingdom soy protein market is segmented by application into functional foods, sports nutrition, meat additives, confectionary & other food products, pharmaceuticals, and others. Among these, the functional foods segment held the largest share of the UK soy protein market and is anticipated to grow at a significant CAGR during the projected period. Soy protein is used in functional foods to enhance texture, improve nutritional profiles, and provide health benefits.

• The supermarket/hypermarket accounted for the largest share of the soy protein market and is expected to grow at a significant CAGR during the projected period.

The United Kingdom soy protein market is segmented by distribution channel into supermarket/hypermarket, convenience store, e-commerce, and others. Among these, the supermarket/hypermarket accounted for the largest share of the soy protein market and is expected to grow at a significant CAGR during the projected period. Supermarkets/hypermarket offer a wide array of soy-based food products and a convenient shopping experience.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. 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

• Costantino & C. spa
• Archer Daniels Midland Company
• Brenntag SE
• Fuji Oil Holdings Inc.
• International Flavors & Fragrances, Inc.
• Kerry Group PLC
• The Scoular Company
• Wilmar International Ltd
• Others

Key Target Audience

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

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Soy protein Market based on the below-mentioned segments

UK Soy Protein Market, By Type

• Soy Protein isolates
• Soy protein concentrates
• Soy protein flours
• Others

UK Soy Protein Market, By Form

• Powders
• Bars
• Ready to drinks
• Capsules & tablets
• Others

UK Soy Protein Market, By Application  

• Functional foods
• Sports nutrition
• Meat additives
• Confectionary & other food products
• Pharmaceuticals
• Others

UK Soy Protein Market, By Distribution channel

• Supermarket/Hypermarket
• Convenience store
• E-commerce
• Others