Okara Market to Grow with a CAGR of 4.42% Globally through 2029
Rising awareness of okara's nutritional benefits, increasing
demand for plant-based protein sources and sustainable food options are factors
driving the global okara market in the forecast
period 2025-2029.
According to TechSci Research report, “Global Okara
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Okara Market stood at USD 3.81 Billion in 2023
and is anticipated to grow with a CAGR of 4.42% in the forecast period, 2025-2029.
The global
okara market has experienced significant growth and transformation in recent
years, driven by shifting consumer preferences, increasing awareness of
plant-based diets, and a growing focus on sustainability.
The global okara market has witnessed substantial
growth, propelled by the rising demand for plant-based protein sources and a
shift towards healthier dietary choices. While precise market size figures may
vary, the increasing adoption of okara in food products has contributed to its
expanding market presence. The market size is influenced by factors such as
population growth, dietary trends, and the globalization of plant-based food
preferences.
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The global okara market features a mix of established
players and new entrants, reflecting the evolving nature of the food industry.
Key players in the market include food processors, manufacturers, and suppliers
involved in the production and distribution of okara-based products. Companies
with a focus on plant-based foods, including soy-based products, are often
prominent participants in the okara market.
Several consumer trends have played a pivotal role in
shaping the global okara market. The increasing adoption of plant-based diets,
driven by health and environmental considerations, has fueled the demand for
okara as a sustainable and nutritious ingredient. Consumers are actively
seeking alternatives to traditional protein sources, and okara's high protein content
positions it as a favorable choice. Additionally, the trend towards healthier
lifestyles and dietary choices has led to the integration of okara into a
variety of functional food products. Okara's nutritional profile, including its
fiber content and the presence of essential amino acids, aligns with consumer
preferences for foods that contribute to overall well-being.
The sustainability trend is a significant driver in
the global okara market. As consumers become more environmentally conscious,
the use of okara as a byproduct of soy processing aligns with sustainability
goals by minimizing waste. Okara contributes to the circular economy by
repurposing a residue into a valuable ingredient, reducing the overall
environmental footprint of soybean production. Companies emphasizing
sustainable and ethical practices in their supply chains are likely to gain
favor among consumers. The alignment of okara with sustainability trends
positions it as a responsible choice for environmentally conscious consumers seeking
products that reflect their values.
The future outlook for the global okara market appears
promising, with several emerging trends likely to shape its trajectory.
Continued growth in plant-based diets, advancements in processing technologies,
and the globalization of food preferences are expected to contribute to the
expansion of the okara market. As consumers demand more diverse and innovative
plant-based options, okara's role in the food industry is likely to evolve and
diversify.
The incorporation of okara into new product
categories, increased collaboration among industry stakeholders, and ongoing
efforts to enhance consumer awareness will play crucial roles in shaping the
future of the global okara market. Moreover, the influence of regulatory developments
and the evolving landscape of sustainability initiatives will contribute to the
market's evolution.
The global Okara market is segmented into application,
form, product type, and region.
Based on application, the food &
beverage segment accounted for largest okara market share in 2023. Okara is a
high- nutritional-value soybean by product that is quickly gaining traction in
the food and beverage industries due to its multiple health advantages and
adaptability. It is high in fiber, protein, and a variety of vital vitamins and
minerals.
Based on region, Asia Pacific okara
market size held largest market share in 2023. The increasing adoption of
plant-based diets and increased knowledge of the health advantages associated
with plant-derived protein sources are important demand drivers for okara in
the Asia-Pacific region. As consumers in Asia-Pacific seek healthier and more
sustainable food options, okara, a protein and fiber-rich by product of soybean
processing, has gained popularity.
Major companies operating in global Okara market
are:
- Vitasoy International Holdings Ltd
- House Foods Group Inc.
- Morinaga Nutritional Foods, Inc.
- Pulmuone Corporate
- Midas Soy Nutritions
- Schouten
- Innpac India Pvt. Ltd.
- Invigorate Foods
- Star Soya Food
- Japanese OKM Co. Ltd.
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“The global okara market is experiencing robust growth
driven by changing consumer preferences, increased awareness of plant-based
diets, and a focus on sustainability. The market is characterized by
innovation, competition, and regional variations, with key players striving to
meet the demands of a diverse and discerning consumer base. Challenges such as
limited consumer awareness and processing complexities are being addressed
through education, research, and technological advancements, presenting
opportunities for market expansion. As the market continues to evolve, the role
of okara in the global food industry is poised to grow, contributing to the
broader shift towards sustainable, plant-based, and nutritious food choices.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Okara Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Usage (Bread, Steamed Bread, Noodles,
Others), By End User (Household, Food & Beverage Industry, Others), By
Product Type (Tofu, Soy Milk, Others), By Region, By Competition, 2019-2029, has evaluated
the future growth potential of global Okara market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global Okara market.
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