PUBLISHER: IMARC | PRODUCT CODE: 1308445
PUBLISHER: IMARC | PRODUCT CODE: 1308445
Soy and Milk Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
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. The growing trend of vegan protein products, increasing demand among fitness enthusiasts and athletes, and rising application as animal feed represent some of the key factors driving the market.
Soy protein ingredients comprise soy protein isolate, textured soy protein, and soy protein concentrate. They are a rich source of protein, fiber, calcium, zinc, potassium, phosphorus, iron, and magnesium. They have antioxidant properties that may protect against cancer risk, outcomes, and recurrence. They assist in lowering low-density lipoprotein (LDL) and increasing high-density lipoprotein (HDL) cholesterol among individuals. They also aid in managing blood sugar levels and lowering the risk of type 2 diabetes while preventing various heart diseases. On the other hand, milk protein ingredients comprise casein, milk protein concentrates, whey protein concentrate 35 (WPC35), and whey protein hydrolysates, concentrates, and isolate. They are slowly digested and absorbed in the body and assist in increasing muscle mass. They aid in reducing weight by decreasing the levels of the hunger hormone, such as ghrelin, in the body. They boost metabolism and improve bone strength by fighting bone breakdown. As a result, soy and milk protein ingredients find applications in the food and beverage (F&B), cosmetics, personal care products, and pharmaceutical industries across the globe.
Soy and Milk Protein Ingredients Market Trends:
At present, the rising demand for protein-rich food products due to the hectic lifestyles and busy working schedules of individuals represents one of the key factors supporting the growth of the market. Besides this, the growing health consciousness among consumers about consuming a nutrient-rich diet is offering a positive market outlook. Additionally, the increasing utilization of soy and milk protein ingredients as animal feed for the development of strong bones and muscles in animals is propelling the growth of the market. Apart from this, the rising trend of consuming vegan protein products, such as soy and milk, as compared to animal-based protein among the masses across the globe is offering lucrative growth opportunities to industry investors. Moreover, the increasing demand for soy and milk protein ingredients among fitness enthusiasts and athletes to increase muscle and bone strength is positively influencing the market. In addition, the rising demand for soy and milk protein ingredients in the food and beverage (F&B) industry in supplements and ready-to-drink (RTD) beverages is contributing to the market growth. Furthermore, key players are introducing various ready-to-eat (RTE) protein snacks, which is strengthening the market growth.
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 2023-2028. Our report has categorized the market based on product type and application.
Product Type Insights:
Soy Protein Ingredients
Soy Protein Isolate
Soy Protein Concentrate
Textured Soy Protein
Milk Protein Ingredients
Casein
Whey Protein Hydrolysates
Milk Protein Concentrates
Whey Protein Concentrates
Whey Protein Isolate
WPC35
The report has provided a detailed breakup and analysis of the soy and milk protein ingredients market based on the product type. This includes soy protein ingredients (soy protein isolate, soy protein concentrate, and textured soy protein) and milk protein ingredients (casein, whey protein hydrolysates, milk protein concentrates, whey protein concentrates, whey protein isolate, and WPC35). According to the report, soy protein ingredients (soy protein isolate, soy protein concentrate, and textured soy protein) represented the largest segment.
Application Insights:
Food and Beverages
Cosmetics and Personal Care
Animal Feed
Pharmaceuticals
A detailed breakup and analysis of the soy and milk protein ingredients market based on the application has also been provided in the report. This includes food and beverages, cosmetics and personal care, animal feed, and pharmaceuticals. According to the report, food and beverages accounted for the largest market share.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, Europe was the largest market for soy and milk protein ingredients. Some of the factors driving the Europe soy and milk protein ingredients market included the rising awareness among individuals about protein products, increasing utilization of soy and milk protein ingredients in the food and beverage (F&B) industry, presence of various key manufacturers, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global soy and milk protein ingredients market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global soy and milk protein ingredients market in 2022?
- 2. What is the expected growth rate of the global soy and milk protein ingredients market during 2023-2028?
- 3. What are the key factors driving the global soy and milk protein ingredients market?
- 4. What has been the impact of COVID-19 on the global soy and milk protein ingredients market?
- 5. What is the breakup of the global soy and milk protein ingredients market based on the product type?
- 6. What is the breakup of the global soy and milk protein ingredients market based on the application?
- 7. What are the key regions in the global soy and milk protein ingredients market?
- 8. Who are the key players/companies in the global soy and milk protein ingredients market?
Table of Contents
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
- 6.1.1 Soy Protein Isolate
- 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
- 6.2.1 Food and Beverages
- 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
- 6.3.1 North America
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
- 7.1.1 Casein
- 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
- 7.2.1 Food and Beverages
- 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
- 7.3.1 North America
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$), 2017-2022
- Figure 3: Global: Soy and Milk Protein Ingredients Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Soy and Milk Protein Ingredients Market: Breakup by Application (in %), 2022
- Figure 5: Global: Soy and Milk Protein Ingredients Market: Breakup by Region (in %), 2022
- Figure 6: Global: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
- 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$), 2017 & 2022
- Figure 11: Global: Soy Protein Ingredients (Soy Protein Isolate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Soy Protein Ingredients (Soy Protein Concentrate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Soy Protein Ingredients (Soy Protein Concentrate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Soy Protein Ingredients (Textured Soy Protein) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Soy Protein Ingredients (Textured Soy Protein) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Milk Protein Ingredients (Casein) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Milk Protein Ingredients (Casein) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Milk Protein Ingredients (Whey Protein Hydrolysates) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Milk Protein Ingredients (Whey Protein Hydrolysates) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Milk Protein Ingredients (Milk Protein Concentrate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Milk Protein Ingredients (Milk Protein Concentrate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Milk Protein Ingredients (Whey Protein Concentrates) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Milk Protein Ingredients (Whey Protein Concentrates) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Milk Protein Ingredients (Whey Protein Isolate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Milk Protein Ingredients (Whey Protein Isolate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Milk Protein Ingredients (WPC35) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Milk Protein Ingredients (WPC35) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Soy and Milk Protein Ingredients (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Soy and Milk Protein Ingredients (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Soy and Milk Protein Ingredients (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Soy and Milk Protein Ingredients (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Soy and Milk Protein Ingredients (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Soy and Milk Protein Ingredients (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Soy and Milk Protein Ingredients (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Soy and Milk Protein Ingredients (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Europe: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Europe: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia Pacific: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia Pacific: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Middle East and Africa: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Middle East and Africa: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Latin America: Soy and Milk Protein Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Latin America: Soy and Milk Protein Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: Global: Soy and Milk Protein Ingredients Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Soy and Milk Protein Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Soy and Milk Protein Ingredients Market: Competitive Structure
- Table 6: Global: Soy and Milk Protein Ingredients Market: Key Players
