Canada Soy Protein Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Canada Soy Protein Market is Segmented by Form (Concentrates, Isolates, Textured/Hydrolyzed) and by End User (Animal Feed, Food and Beverages, Supplements). The Report Offers the Market Size in Value Terms in USD and in Volume Terms in Tons for all the Segments Mentioned Above.

Canada Soy Protein Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Soy Protein Market Size

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Canada Soy Protein Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 244.12 Million
Market Size (2030) USD 318.30 Million
CAGR (2025 - 2030) 5.45 %
Fastest Growing Market Food and Beverages
Largest Market Animal Feed
Market Concentration Low

Major Players

Canada Soy Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Canada Soy Protein Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Canada Soy Protein Market Analysis

The Canada Soy Protein Market size is estimated at USD 244.12 million in 2025, and is expected to reach USD 318.30 million by 2030, at a CAGR of 5.45% during the forecast period (2025-2030).

  • The soy protein isolate is commonly used in protein bars, shakes, and other supplements. It is a great source of protein for vegetarians and vegans. It is also low in fat and contains no cholesterol, making it a heart-healthy choice.
  • Frequent consumption of soy protein can reduce the risk of heart disease, minimize cholesterol levels, and promote healthy bones. A wide variety of product variants are available, including soy protein isolate, soy protein concentrate, and textured soy protein. Soy protein is gaining traction among health-conscious people. Increasing awareness about the health benefits of soy protein is boosting the demand for the product from soy protein in Canada.
  • Canada's soy protein market is projected to witness significant growth avenues in the coming years. The growing use of soy protein in numerous applications is pushing the market growth. The expanding vegan and vegetarian population, along with the surging trend of plant-based diets, are fueling the market growth. As per research conducted by the Angus Reid Institute in 2022, 1 in 5 Canadians, 22%, who regularly eat meat would like to reduce the amount of meat they consume and move towards vegetarian.
  • Furthermore, the extensive product application in various industries, including food and beverages, animal feed, and supplements industries, owing to its various functional properties, such as emulsification, foaming, and gelling, are fueling the Canadian market growth.

Canada Soy Protein Industry Overview

The Canadian soy protein market is moderately consolidated, with the top five companies occupying 64.74%. The major players in this market are Archer Daniels Midland Company, CHS Inc., DuPont de Nemours Inc., Kerry Group PLC, and The Scoular Company (sorted alphabetically).

For instance, in 2021, ADM, a global leader in nutrition and agricultural origination and processing, acquired Sojaprotein, a leading provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM's alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.

Canada Soy Protein Market Leaders

  1. Archer Daniels Midland Company

  2. CHS Inc.

  3. DuPont de Nemours Inc.

  4. Kerry Group PLC

  5. The Scoular Company

  6. *Disclaimer: Major Players sorted in no particular order
Canada Soy Protein Market Concentration
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Canada Soy Protein Market News

  • January 2023: ADM made a significant acquisition by taking over Kansas Protein Foods, a company based in the United States. This strategic move has endowed ADM with enhanced flexibility and capacity in the production of unflavored textured soy protein, flavored alternatives, and non-GMO proteins. Kansas Protein Foods' offerings are expected to complement ADM's global sales efforts, including those in the Canadian market.
  • August 2022: ADM and Benson Hill Inc., both United States-based companies, entered into a strategic agreement. Under this agreement, ADM gained exclusive rights for the development and commercialization of plant-based ingredients derived from Benson Hill's ultra-high protein soybeans. This partnership is driven by the shared goal of meeting the growing demand from North American customers, including those in Canada.
  • February 2021: DuPont merged its Nutrition Business with International Flavors & Fragrances (IFF), establishing a company poised to become a leading supplier of ingredients to the food industry in the United States and Canada. With a substantial revenue of USD 11 billion, this newly formed entity is well-positioned to provide a wide range of ingredients, including soy proteins, for consumer products.

Canada Soy Protein Market Report - Table of Contents

1. Introduction

  • 1.1 Study Deliverables and Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing demand for meat alternatives
  • 4.2 Market Restraints
    • 4.2.1 Presence of numerous alternatives in the plant proteins
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. Market Segmentation

  • 5.1 By Form
    • 5.1.1 Concentrates
    • 5.1.2 Isolates
    • 5.1.3 Textured/Hydrolyzed
  • 5.2 By End-User
    • 5.2.1 Animal Feed
    • 5.2.2 Food and Beverages
    • 5.2.2.1 Bakery
    • 5.2.2.2 Beverages
    • 5.2.2.3 Breakfast Cereals
    • 5.2.2.4 Condiments/Sauces
    • 5.2.2.5 Dairy and Dairy Alternative Products
    • 5.2.2.6 Meat/Poultry/Seafood and Meat Alternative Products
    • 5.2.2.7 RTE/RTC Food Products
    • 5.2.2.8 Snacks
    • 5.2.3 Supplements
    • 5.2.3.1 Baby Food and Infant Formula
    • 5.2.3.2 Elderly Nutrition and Medical Nutrition
    • 5.2.3.3 Sport/Performance Nutrition

6. Competitive Landscape

  • 6.1 Key Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Archer Daniels Midland Company
    • 6.3.2 The Scoular Company
    • 6.3.3 CHS Inc.
    • 6.3.4 Kerry Group PLC
    • 6.3.5 DuPont de Nemours Inc.
    • 6.3.6 Ag Processing Inc.
    • 6.3.7 Bunge Limited
    • 6.3.8 Cargill Incorporated
    • 6.3.9 International Flavors & Fragrances Inc.
    • 6.3.10 Fuji Oil Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Soy Protein Industry Segmentation

Soy protein is a form of protein derived from soybeans that is usually consumed as a dietary supplement. Soy protein comprises essential amino acids that the human body requires for growth and maintenance. 

The Canada soy protein market is segmented by form into concentrates, isolates, textured/hydrolyzed. The end user segment further segments the market into animal feed, food and beverages, and supplements. 

The market sizing has been done in value terms in USD and in volume terms in tons for all the abovementioned segments.

By Form Concentrates
Isolates
Textured/Hydrolyzed
By End-User Animal Feed
Food and Beverages Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Supplements Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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Canada Soy Protein Market Research FAQs

How big is the Canada Soy Protein Market?

The Canada Soy Protein Market size is expected to reach USD 244.12 million in 2025 and grow at a CAGR of 5.45% to reach USD 318.30 million by 2030.

What is the current Canada Soy Protein Market size?

In 2025, the Canada Soy Protein Market size is expected to reach USD 244.12 million.

Who are the key players in Canada Soy Protein Market?

Archer Daniels Midland Company, CHS Inc., DuPont de Nemours Inc., Kerry Group PLC and The Scoular Company are the major companies operating in the Canada Soy Protein Market.

Which is the fastest growing region in Canada Soy Protein Market?

Food and Beverages is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Canada Soy Protein Market?

In 2025, the Animal Feed accounts for the largest market share in Canada Soy Protein Market.

What years does this Canada Soy Protein Market cover, and what was the market size in 2024?

In 2024, the Canada Soy Protein Market size was estimated at USD 230.82 million. The report covers the Canada Soy Protein Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Soy Protein Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Soy Protein Industry Report

Statistics for the 2025 Canada Soy Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Soy Protein analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.