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Soy and Milk Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. 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. 

 

 
 

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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.


Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global soy and milk protein ingredients market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:

 

 
 

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  • Soy Protein Ingredients
  • Milk Protein Ingredients
    • Casein
    • Whey Protein Hydrolysates
    • Milk Protein Concentrates
    • Whey Protein Concentrates
    • Whey Protein Isolate
    • WPC35
       

Amongst these, soy protein ingredients represent the most popular product type.

Breakup by Application:

  • Food and Beverages
  • Cosmetics and Personal Care
  • Animal Feed
  • Pharmaceuticals
     

At present, food and beverages represent the leading application segment.

Regional Insights:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

On a geographical front, Europe 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 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.
  • FrieslandCampina DMV, etc.
     

IMARC Group’s 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Soy and Milk Protein Ingredients Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product 
    5.5    Market Breakup by Application 
    5.6    Market Breakup by Region 
    5.7   Market Forecast 
6   Global Soy Protein Ingredients Market 
    6.1   Market Breakup by Product Type
        6.1.1    Soy Protein Isolate 
               6.1.1.1  Market Trends 
               6.1.1.2  Market Forecast 
        6.1.2    Soy Protein Concentrate 
               6.1.2.1  Market Trends 
               6.1.2.2  Market Forecast 
        6.1.3    Textured Soy Protein 
               6.1.3.1  Market Trends 
               6.1.3.2  Market Forecast 
    6.2   Market Breakup by Application
        6.2.1    Food and Beverages  
               6.2.1.1  Market Trends 
               6.2.1.2  Market Forecast 
        6.2.2    Cosmetics and Personal Care  
               6.2.2.1  Market Trends 
               6.2.2.2  Market Forecast 
        6.2.3    Animal Feed  
               6.2.3.1  Market Trends 
               6.2.3.2  Market Forecast 
        6.2.4     Pharmaceuticals 
               6.2.4.1  Market Trends 
               6.2.4.2  Market Forecast 
    6.3   Market Breakup by Region
        6.3.1    North America 
               6.3.1.1  Market Trends 
               6.3.1.2  Market Forecast 
        6.3.2    Europe 
               6.3.2.1  Market Trends 
               6.3.2.2  Market Forecast 
        6.3.3    Asia Pacific 
               6.3.3.1  Market Trends 
               6.3.3.2  Market Forecast 
        6.3.4    Middle East and Africa 
               6.3.4.1  Market Trends 
               6.3.4.2  Market Forecast 
        6.3.5    Latin America 
               6.3.5.1  Market Trends 
               6.3.5.2  Market Forecast 
7   Global Milk Protein Ingredients Market 
    7.1   Market Breakup by Product Type
        7.1.1    Casein 
               7.1.1.1  Market Trends 
               7.1.1.2  Market Forecast 
        7.1.2    Whey Protein Hydrolysates 
               7.1.2.1  Market Trends 
               7.1.2.2  Market Forecast 
        7.1.3    Milk Protein Concentrate 
               7.1.3.1  Market Trends 
               7.1.3.2  Market Forecast 
        7.1.4    Whey Protein Concentrates 
               7.1.4.1  Market Trends 
               7.1.4.2  Market Forecast 
        7.1.5    Whey Protein Isolate
               7.1.5.1  Market Trends 
               7.1.5.2  Market Forecast 
        7.1.6    WPC35 
               7.1.6.1  Market Trends 
               7.1.6.2  Market Forecast 
    7.2   Market Breakup by Application
        7.2.1    Food and Beverages  
               7.2.1.1  Market Trends 
               7.2.1.2  Market Forecast 
        7.2.2    Cosmetics and Personal Care  
               7.2.2.1  Market Trends 
               7.2.2.2  Market Forecast 
        7.2.3    Animal Feed  
               7.2.3.1  Market Trends 
               7.2.3.2  Market Forecast 
        7.2.4     Pharmaceuticals 
               7.2.4.1  Market Trends 
               7.2.4.2  Market Forecast 
    7.3   Market Breakup by Region
        7.3.1    North America 
               7.3.1.1  Market Trends 
               7.3.1.2  Market Forecast 
        7.3.2    Europe 
               7.3.2.1  Market Trends 
               7.3.2.2  Market Forecast 
        7.3.3    Asia Pacific 
               7.3.3.1  Market Trends 
               7.3.3.2  Market Forecast 
        7.3.4    Middle East and Africa 
               7.3.4.1  Market Trends 
               7.3.4.2  Market Forecast 
        7.3.5    Latin America 
               7.3.5.1  Market Trends 
               7.3.5.2  Market Forecast 
8   SWOT Analysis 
    8.1    Overview 
    8.2    Strengths
    8.3    Weaknesses 
    8.4    Opportunities
    8.5    Threats
9   Value Chain Analysis 
    9.1    Overview
    9.2    Research and Development
    9.3    Raw Material Procurement
    9.4    Manufacturing
    9.5    Marketing
    9.6    Distribution
    9.7    End-Use
10  Porters Five Forces Analysis 
    10.1     Overview 
    10.2     Bargaining Power of Buyers
    10.3     Bargaining Power of Suppliers 
    10.4     Degree of Competition
    10.5     Threat of New Entrants
    10.6     Threat of Substitutes
11  Price Analysis 
    11.1      Price Indicators
    11.2      Price Structure
    11.3      Margin Analysis
12  Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Archer Daniels Midland Company (ADM)  
        12.3.2    Arla Foods amba 
        12.3.3    DuPont Nutrition & Health
        12.3.4    Cargill, Inc. 
        12.3.5    Kerry Group plc  
        12.3.6    Associated British Foods plc
        12.3.7    Charotar Casein Company  
        12.3.8    Dean Foods Company
        12.3.9    Fonterra Co-operative Group Limited  
        12.3.10      Glanbia plc
        12.3.11      Milk Specialties Global (MSG)
        12.3.12      Omega Protein Corporation
        12.3.13      Linyi Shansong Biological Products Co.,Ltd. 
        12.3.14      Scoular Company 
        12.3.15      Solbar Industries Ltd.
        12.3.16      FrieslandCampina DMV 

List of Figures

Figure 1: Global: Soy and Milk Protein Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Soy and Milk Protein Ingredients Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Soy and Milk Protein Ingredients Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Soy and Milk Protein Ingredients Market: Breakup by Application (in %), 2021
Figure 5: Global: Soy and Milk Protein Ingredients Market: Breakup by Region (in %), 2021
Figure 6: Global: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Soy and Milk Protein Ingredients Industry: SWOT Analysis
Figure 8: Global: Soy and Milk Protein Ingredients Industry: Value Chain Analysis
Figure 9: Global: Soy and Milk Protein Ingredients Industry: Porter’s Five Forces Analysis
Figure 10: Global: Soy Protein Ingredients (Soy Protein Isolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Soy Protein Ingredients (Soy Protein Isolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Soy Protein Ingredients (Soy Protein Concentrate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Soy Protein Ingredients (Soy Protein Concentrate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Soy Protein Ingredients (Textured Soy Protein) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Soy Protein Ingredients (Textured Soy Protein) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Milk Protein Ingredients (Casein) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Milk Protein Ingredients (Casein) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Milk Protein Ingredients (Whey Protein Hydrolysates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Milk Protein Ingredients (Whey Protein Hydrolysates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Milk Protein Ingredients (Milk Protein Concentrate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Milk Protein Ingredients (Milk Protein Concentrate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Milk Protein Ingredients (Whey Protein Concentrates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Milk Protein Ingredients (Whey Protein Concentrates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Milk Protein Ingredients (Whey Protein Isolate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Milk Protein Ingredients (Whey Protein Isolate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Milk Protein Ingredients (WPC35) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Milk Protein Ingredients (WPC35) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Soy and Milk Protein Ingredients (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Soy and Milk Protein Ingredients (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Soy and Milk Protein Ingredients (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Soy and Milk Protein Ingredients (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Soy and Milk Protein Ingredients (Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Soy and Milk Protein Ingredients (Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Soy and Milk Protein Ingredients (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Soy and Milk Protein Ingredients (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Europe: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Europe: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia Pacific: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia Pacific: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Middle East and Africa: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Middle East and Africa: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Latin America: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Latin America: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Soy and Milk Protein Ingredients Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Soy and Milk Protein Ingredients Market: Competitive Structure
Table 6: Global: Soy and Milk Protein Ingredients Market: Key Players


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Key Questions Answered in This Report

The global soy and milk protein ingredients market was valued at US$ 12.0 Billion in 2021.

We expect the global soy and milk protein ingredients market to exhibit a CAGR of 7.8% during 2022-2027.

The emerging trend of veganism, along with the increasing demand for plant-based protein ingredients in food and beverages, is primarily driving the global soy and milk protein ingredients market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of soy and milk protein ingredients-based products.

Based on the product type, the global soy and milk protein ingredients market has been segmented into soy protein ingredients and milk protein ingredients. Currently, soy protein ingredients hold the majority of the total market share.

Based on the application, the global soy and milk protein ingredients market can be divided into food and beverages, cosmetics and personal care, animal feed, and pharmaceuticals. Among these, the food and beverage sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global soy and milk protein ingredients market include 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., FrieslandCampina DMV, etc.

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