Market Research Report
Soy and Milk Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||821319|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|Soy and Milk Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: April 8, 2019||Content info: 106 Pages||
The global soy and milk protein ingredients market grew at a CAGR of around 8% during 2013-2018. 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.
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.
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.
Amongst these, soy protein isolate and casein represent the most popular type of soy and milk protein ingredients, respectively.
On a geographical front, North America enjoys the leading position in the soy and milk protein ingredients market, holding the largest market share.
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 (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, etc.