The present invention relates to a method for producing a processed solid soy protein product derived from soy flour (SBM), the protein product comprising 65-75 wt.% Protein per dry matter, has a mass ratio of protein to potassium of at least about 50: 1 and a content of dry matter of at least about 90%, wherein the product is substantially free of sodium, and at least about 65% by weight of difficult to digest oligosaccharides contained in the SBM from which the protein is obtained is removed; and the method includes the following steps: 1) providing an initial mixture comprising ground or crushed or otherwise ground soybean and water; 2) leaching the initial mixture under conditions when the amount of dry matter in the initial mixture is from 8 to 20 wt.%, For 0.15-6 hours at a temperature of 5-65 ° C and at neutral pH; 3) separation of the mixture after leaching into the liquid fraction and the first solid fraction; 4) adjusting the pH of the liquid fraction from the initial mixture after leaching with acid to a value of 3.5-5.5; 5) passing the acidified liquid fraction through a separation device, such as a decanter centrifuge or the like, whereby the spent liquid is separated and an additional solid fraction is collected; 6) combining the solid fraction from the initial mixture after leaching with the solid fraction collected from the separation device; 7) drying the combined solid fraction to a dry matter content of at least 90%; 8) whereby the total amount of consumed water in the method, calculated on the starting material initial SBM, is approximately 10-fold or less of the amount of SBM. It also relates to a processed solid soy protein product obtained from soy flour, the protein product comprising 65-75 wt.% Protein per dry matter, has a mass ratio of protein to potassium of at least about 50: 1 and a dry matter content of at least about 90%, the product being substantially free of sodium, and at least about 65% by weight of difficult to digest oligosacch