The global soy and milk protein ingredients market reached a value of US$ 11.2 Billion in 2020. Looking forward, the analyst expects the market to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Protein plays a vital role in the everyday diet of human beings as it assists growth and healing in the body. However, as humans are incapable of producing proteins on their own, they rely on animals and plants for meeting their requirements. Some of the sources of animal proteins are milk, eggs, fish, meat, and gelatin, whereas, plant protein sources include peas, soy, rice, wheat, and canola. Amongst these, soy and milk protein products have gained immense popularity among the vegan and vegetarian consumers, respectively.
Global Soy and Milk Protein Ingredients Industry Drivers: One of the recent trends in the food industry is the growing consumer inclination towards protein-rich food products which has resulted in the augmented demand for soy and milk protein ingredients. This shift can be accredited to the inflating disposable incomes, increasing prevalence of lifestyle diseases and rising awareness among consumers on health and wellness.
As soy protein ingredients are also rich in iron, fiber, calcium, potassium, magnesium, vitamin B, lecithin and polyunsaturated fats, they are rapidly substituting meat and eggs in the preparation of various food products which, in turn, is strengthening the demand for these ingredients. There has been a significant rise in the demand for milk protein ingredients from sports and fitness enthusiasts. In order to aid their muscle growth, they depend on ready-to-drink milk protein supplements, such as whey or casein. Besides this, escalating demand for functional ingredients in the preparation of infant formulas and animal feed are also contributing to the growth of the market.
This latest report provides a deep insight into the global soy and milk protein ingredients market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global soy and milk protein ingredients market in any manner.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global soy and milk protein ingredients market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type and application.
Breakup by Product Type: Soy Protein Ingredients Soy Protein Isolate Soy Protein Concentrates Textured Soy Protein Milk Protein Ingredients Casein Whey Protein Hydrolysates Milk Protein Concentrates Whey Protein Concentrates Whey Protein Isolate WPC35
Amongst these, soy protein isolate and casein represent the most popular type of soy and milk protein ingredients, respectively.
Breakup by Application: Food and Beverages Cosmetics and Personal Care Animal Feed Pharmaceuticals
Regional Insights: North America Europe Asia Pacific Middle East and Africa Latin America
On a geographical front, North America enjoys the leading position in the soy and milk protein ingredients market, holding the largest market share.
Competitive Landscape: The competitive landscape of the market has also been examined in the report along with the detailed company profiles of the leading market players. Some the key manufacturers are
Archer Daniels Midland (ADM) Arla Foods, DuPont Nutrition & Health Cargill, Inc. Kerry group Associated British Foods Charotar Casein Company Dean Foods Fonterra Glanbia Milk Specialties Omega Protein Linyi Shansong Biological Products Co.,Ltd. Scoular Solbar Industries FrieslandCampina DMV, etc.
Key Questions Answered in This Report: How has the global soy and milk protein ingredients market performed so far and how will it perform in the coming years? What are the key regional markets in the global soy and milk protein ingredients industry? What has been the impact of COVID-19 on the global soy and milk protein ingredients industry? What is the breakup of the global soy and milk protein ingredients market based on the product type? What is the breakup of the global soy and milk protein ingredients market based on the application? What are the various stages in the value chain of the global soy and milk protein ingredients market? What are the key driving factors and challenges in the global soy and milk protein ingredients market? What is the structure of the global soy and milk protein ingredients market and who are the key players? What is the degree of competition in the global soy and milk protein ingredients market?
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