Okara Market: Unraveling the Potential of New Materials and Manufacturing Processes by 2029 | TechSci Research

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.

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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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