Global Soy and Milk Protein Ingredients Market to Grow at 6.2% during 2025-2033, Impelled by Growing Inclination Toward Protein-Rich Foods

November 28, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled “Soy and Milk Protein Ingredients Market Report by Product Type (Soy Protein Ingredients, Milk Protein Ingredients), Application (Food and Beverages, Cosmetics and Personal Care, Animal Feed, Pharmaceuticals), and Region 2025-2033, the global soy and milk protein ingredients market reached a value of USD 14.9 Billion in 2024. Proteins are one of the primary macronutrients required by the human body for optimal growth and maintenance of cells and tissues. Over the years, soy- and milk-based products have emerged as some of the most widely consumed sources of proteins, especially among vegan and vegetarian consumers. Nowadays, health-conscious people highly prefer milk protein ingredients as they contain more protein with lesser amounts of carbohydrates and fats per serving. On the other hand, soy protein ingredients are increasingly being used in health foods owing to their functional properties.

Global Soy and Milk Protein Ingredients Market Trends:

With the increasing prevalence of chronic diseases, consumers are becoming more conscious about their health and wellness. Owing to this, they are becoming more inclined toward food products that are high in proteins. This trend has consequently increased the demand for soy and milk protein ingredients across the globe. Besides this, soy protein ingredients are also rich in iron, fiber, calcium, potassium, magnesium, vitamin B, lecithin and polyunsaturated fats. As a result of this, they are utilized as an alternative to meat and eggs in the preparation of various food items. Also, soy and milk protein ingredients are widely used in infant formula to help speed up muscle growth and development among children. These ingredients are also added in protein supplements to aid athletes in limiting the degradation of muscle tissue after a workout and increase their muscle mass. Looking forward, the market value is projected to reach USD 25.5 Billion by 2033, expanding at a CAGR of 6.2% during 2025-2033.

Market Summary:

Based on the product type, the market has been bifurcated into soy and milk protein ingredients, wherein soy protein ingredients dominate the market. Soy protein ingredients are further segmented into soy protein isolate, soy protein concentrate and textured soy protein. Whereas, milk protein ingredients are classified as casein, whey protein hydrolysates, milk protein concentrates, whey protein concentrates, whey protein isolate and WPC35.
The market has been categorized on the basis of the application into food and beverages, cosmetics and personal care, animal feed and pharmaceuticals.
Region-wise, Europe exhibits a clear dominance in the market, holding the largest market share. Other major regions are North America, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined, with some of the key players being Archer Daniels Midland Company (ADM), Arla Foods amba, DuPont Nutrition & Health, Cargill, Inc., Kerry Group plc, Associated British Foods plc, Charotar Casein Company, Dean Foods Company, Fonterra Co-operative Group Limited, Glanbia plc, Milk Specialties Global (MSG), Omega Protein Corporation, Linyi Shansong Biological Products Co., Ltd., Scoular Company, Solbar Industries Ltd. and FrieslandCampina DMV.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Archer Daniels Midland Company (ADM), Arla Foods amba, DuPont Nutrition & Health, Cargill, Inc., Kerry Group plc, Associated British Foods plc, Charotar Casein Company, Dean Foods Company, Fonterra Co-operative Group Limited, Glanbia plc, Milk Specialties Global (MSG), Omega Protein Corporation, Linyi Shansong Biological Products Co., Ltd., Scoular Company, Solbar Industries Ltd. and FrieslandCampina DMV
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Soy and Milk Protein Ingredients Market to Grow at 6.2% during 2025-2033, Impelled by Growing Inclination Toward Protein-Rich Foods

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