Soy and Milk Protein Ingredients Market Value, Size, Share, Demand and Revenue Forecast 2022-2027
IMARC Group has recently released a new research study titled “Soy and Milk Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global soy and milk protein ingredients market size reached US$ 12.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027.
Market Outlook:
Protein is a complex molecule that plays a vital role in maintaining the function, structure, and regulation of the body’s organs and tissues. It also assists in the proper growth and healing of the body. Some of the primary sources of animal proteins include fish, meat, milk, eggs, and gelatin. The plant protein sources include rice, wheat, peas, soy, and canola. Currently, soy and milk protein products are gaining massive popularity among vegan and vegetarian consumers on account of their various properties.
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Market Trends:
The rising awareness regarding the benefits of soy and milk protein ingredients represents one of the key factors driving the market growth. The increasing geriatric population and surging prevalence of lifestyle diseases are acting as other growth-inducing factors. Moreover, the growing demand for milk protein ingredients from fitness and sports enthusiasts and inflating consumer expenditure power are providing a considerable thrust to the market growth. Apart from this, the sifting consumer inclination towards protein-rich food products and rapid substitution of meat and eggs with soy protein ingredients are propelling the market growth.
Other factors, such as the easy product availability in online retail stores, supermarkets, and hypermarkets and the increasing incorporation of soy and milk proteins to produce infant formulas and animal feed, are accelerating the market growth.
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| Soy and Milk Protein Ingredients Market Report |
Soy and Milk Protein Ingredients Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global soy and milk protein ingredients market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
- Archer Daniels Midland (ADM)
- Arla Foods
- DuPont (DowDuPont)
- 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
Key Market Segmentation:
The report has segmented the global soy and milk protein ingredients market on the basis of product type, application and region.
Breakup by Product Type:
- Soy Protein Isolate
- Soy Protein Concentrate
- Textured Soy Protein
Breakup by Application:
- Food and Beverages
- Cosmetics and Personal Care
- Animal Feed
- Pharmaceuticals
The market has been categorized on the basis of the application into food and beverages, cosmetics and personal care, animal feed and pharmaceuticals.
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Region-wise, North America exhibits a clear dominance in the market, holding the largest market share.
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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