Soy and Milk Protein Ingredients Market 2023-2028: Industry Impelled by Growing Inclination Toward Protein-Rich Foods
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 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Soy and Milk Protein Ingredients Market Size, CAGR and Forecast 2023-2028:
The global soy and milk protein ingredients market size reached US$ 13.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
What is soy and milk protein ingredients?
Soy and milk protein ingredients are derived from soybeans and dairy milk respectively, widely used in the food and beverage industry due to their high nutritional value and versatile application potential. Soy protein ingredients, obtained through processing soybeans, are lauded for their high protein content and lower fat and cholesterol levels, thus making them a popular choice in vegan and vegetarian diets. Milk protein, derived from dairy, is a complete protein source that provides all essential amino acids. It is commonly found in products like cheese, yogurt, and protein shakes. Its variants, such as whey and casein, are especially favored in sports nutrition due to their muscle recovery and growth benefits. Both these ingredients are key to a vast range of food products, from meat alternatives and dairy products to protein bars and sports nutrition supplements.
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Market Trends and Growth Drivers:
The rising consumer awareness and demand for high-protein diets represents one of the key factors driving the growth of the global soy and milk protein ingredients market. In line with this, the increasing popularity of plant-based and dairy protein in fitness and health communities, along with the expansion of vegan and vegetarian lifestyles, is bolstering the growth of the market. In addition to this, the growing prevalence of lactose intolerance and dairy allergies is leading to increased demand for soy protein as a dairy alternative.
Apart from this, the market is experiencing a rise due to the escalating demand for functional foods and beverages, where these protein ingredients play a vital role. The market is also driven by innovations in dairy proteins, especially whey, and casein, which are enhancing their appeal in sports and clinical nutrition.
Competitive Landscape with Key Players:
Who are the key players operating in the industry?
Some of the Top Key Players Operating in the Market are Given Below:
- 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
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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