The global soybean food and beverage products market is estimated to be valued at USD 51.4 billion in 2022. It is projected to reach USD 68.3 billion by 2027, recording a CAGR of 5.8% during the forecast period. Soy-based proteins represent a growing opportunity in the current market scenario for alternative proteins. Meat has been the prime source of protein in developed markets for years, and there has been an increased appetite for traditional protein in developing markets in recent years. The changing consumer preference and interest in plant-based protein sources, due to its nutritional profile, inclination toward clean eating, rise in health concerns (lactose intolerance), environmental concerns, and animal welfare, resulting in the growth of the soybean food and beverage products market. The inclination of consumers toward plant-based protein has grown from its base applications in meat and dairy alternatives and has witnessed abundant usage in other segments, such as performance nutrition and infant nutrition.