Market Overview:
The global soy and milk protein ingredients market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The soy protein ingredients segment is expected to dominate the market with a share of more than 60% in terms of value by 2030. The food and beverages application segment is projected to be the fastest-growing application segment, followed by infant formula, personal care and cosmetics, animal feed, and other applications during the forecast period. North America accounted for the largest share of the global soy and milk protein ingredients market in 2017; however, Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
Soy protein isolate is a plant-based protein that is derived from soybeans. It is a concentrated source of protein and has a high content of all the essential amino acids. Soy protein isolate is used as a dietary supplement, as well as in foods such as meat analogs, vegetarian burgers, and energy bars.
Milk proteins are the proteins found in milk from cows, goats, sheep, and other mammals. They are composed of two main types of proteins: casein and whey.
Milk Protein Ingredients:
Milk protein ingredients are the proteins found in cow's milk. These ingredients have a wide range of applications such as bakery, confectionery, dairy products and non-dairy beverages. Milk protein is used to produce various food & beverage products due to its nutritional value and unique taste. The global market for milk protein is expected to witness significant growth over the forecast period owing to increasing health awareness among consumers regarding low cholesterol levels and cardiovascular diseases prevention.
Soy Protein Ingredients:
Soy protein ingredients are the substances that are extracted from soybeans. Soy protein ingredients have a high nutritional value and they help in preventing various diseases such as heart disease, diabetes, etc. The major function of soy proteins is to build and strengthen muscles, tendons & ligaments. Soy proteins also assist in losing weight by reducing fat absorption & retention in the body and lowering blood cholesterol levels.
Application Insights:
Food and beverages was the dominant application segment in 2017. The product is widely used in food products such as cakes, cookies, pastries, chocolates, ice creams and other desserts. Growing demand for these products due to rising consumer disposable income coupled with increasing awareness regarding healthy eating habits is expected to drive the market over the forecast period.
The infant formula segment held a significant share of the global soy and milk protein ingredients market owing to high demand for specific nutritional requirements of infants coupled with growing concerns regarding proper nutrition intake among mothers is expected to have a positive impact on industry growth over the forecast period.
Personal care and cosmetics also held a significant share of revenue in 2017 owing to high product utilization as an ingredient in various personal care formulations such as hair conditioners & shampoos along with skincare creams & lotions intended for sensitive skin conditions including eczema which often occurs during winters due to change in weather patterns across different regions globally.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 35.0% in 2017 and is anticipated to witness significant growth over the forecast period. The region comprises major countries such as China, Japan, India, South Korea, Australia and Indonesia among others. Increasing population coupled with rising living standards have resulted in an increased demand for food products such as soymilk powder that can be used to prepare various dishes similar to dairy milk preparation including coffee or tea whiteners and desserts among many others which are expected to drive product demand over the coming years.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of soy and milk protein ingredients market.
- Growing awareness about the health benefits of soy and milk proteins is fueling their demand in the market.
- Rising disposable income of consumers is propelling the growth of soy and milk protein ingredients market.
- Rapid urbanization coupled with changing lifestyle trends is favoring the growth of this market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy and Milk Protein Ingredients Market Research Report
By Type
Milk Protein Ingredients, Soy Protein Ingredients
By Application
Food and Beverages, Infant Formula, Personal Care and Cosmetics, Animal Feed, Other
By Companies
Archer Daniels Midland (ADM), Arla Foods, DowDuPont, FrieslandCampina, Kerry Group, Associated British Foods, Dean Foods, Fonterra, Charotar Casein Company, Glanbia, Milk Specialties, Omega Protein, Linyi Shansong Biological Products, Scoular, Solbar Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Soy and Milk Protein Ingredients Market Report Segments:
The global Soy and Milk Protein Ingredients market is segmented on the basis of:
Types
Milk Protein Ingredients, Soy Protein Ingredients
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Infant Formula, Personal Care and Cosmetics, Animal Feed, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland (ADM)
- Arla Foods
- DowDuPont
- FrieslandCampina
- Kerry Group
- Associated British Foods
- Dean Foods
- Fonterra
- Charotar Casein Company
- Glanbia
- Milk Specialties
- Omega Protein
- Linyi Shansong Biological Products
- Scoular
- Solbar Industries
Highlights of The Soy and Milk Protein Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Milk Protein Ingredients
- Soy Protein Ingredients
- By Application:
- Food and Beverages
- Infant Formula
- Personal Care and Cosmetics
- Animal Feed
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soy and Milk Protein Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soy and milk protein ingredients are plant-based proteins that come from soybeans or milk. Soy protein is a complete source of the essential amino acids, while milk protein is a good source of the essential fatty acids.
Some of the major companies in the soy and milk protein ingredients market are Archer Daniels Midland (ADM), Arla Foods, DowDuPont, FrieslandCampina, Kerry Group, Associated British Foods, Dean Foods, Fonterra, Charotar Casein Company, Glanbia, Milk Specialties, Omega Protein, Linyi Shansong Biological Products, Scoular, Solbar Industries.
The soy and milk protein ingredients market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy and Milk Protein Ingredients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soy and Milk Protein Ingredients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy and Milk Protein Ingredients Market - Supply Chain
4.5. Global Soy and Milk Protein Ingredients Market Forecast
4.5.1. Soy and Milk Protein Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy and Milk Protein Ingredients Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soy and Milk Protein Ingredients Market Absolute $ Opportunity
5. Global Soy and Milk Protein Ingredients Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
5.3.1. Milk Protein Ingredients
5.3.2. Soy Protein Ingredients
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soy and Milk Protein Ingredients Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
6.3.1. Food and Beverages
6.3.2. Infant Formula
6.3.3. Personal Care and Cosmetics
6.3.4. Animal Feed
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soy and Milk Protein Ingredients Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soy and Milk Protein Ingredients Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soy and Milk Protein Ingredients Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soy and Milk Protein Ingredients Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soy and Milk Protein Ingredients Demand Share Forecast, 2019-2026
9. North America Soy and Milk Protein Ingredients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
9.4.1. Food and Beverages
9.4.2. Infant Formula
9.4.3. Personal Care and Cosmetics
9.4.4. Animal Feed
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
9.7.1. Milk Protein Ingredients
9.7.2. Soy Protein Ingredients
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soy and Milk Protein Ingredients Demand Share Forecast, 2019-2026
10. Latin America Soy and Milk Protein Ingredients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
10.4.1. Food and Beverages
10.4.2. Infant Formula
10.4.3. Personal Care and Cosmetics
10.4.4. Animal Feed
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
10.7.1. Milk Protein Ingredients
10.7.2. Soy Protein Ingredients
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soy and Milk Protein Ingredients Demand Share Forecast, 2019-2026
11. Europe Soy and Milk Protein Ingredients Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Soy and Milk Protein Ingredients Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
11.4.1. Food and Beverages
11.4.2. Infant Formula
11.4.3. Personal Care and Cosmetics
11.4.4. Animal Feed
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
11.7.1. Milk Protein Igredients
11.7.2. Soy Protein Ingredients
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soy and Milk Protein Ingredients Demand Share, 2019-2026
12. Asia Pacific Soy and Milk Protein Ingredients Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soy and Milk Protein Ingredients Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
12.4.1. Food and Beverages
12.4.2. Infant Formula
12.4.3. Personal Care and Cosmetics
12.4.4. Animal Feed
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
12.7.1. Milk Protein Ingredients
12.7.2. Soy Protein Ingredients
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soy and Milk Protein Ingredients Demand Share, 2019-2026
13. Middle East & Africa Soy and Milk Protein Ingredients Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soy and Milk Protein Ingredients Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soy and Milk Protein Ingredients Market Size and Volume Forecast by Application
13.4.1. Food and Beverages
13.4.2. Infant Formula
13.4.3. Personal Care and Cosmetics
13.4.4. Animal Feed
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soy and Milk Protein Ingredients Market Size and Volume Forecast by Type
13.7.1. Milk Protein Ingredients
13.7.2. Soy Protein Ingredients
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soy and Milk Protein Ingredients Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soy and Milk Protein Ingredients Market: Market Share Analysis
14.2. Soy and Milk Protein Ingredients Distributors and Customers
14.3. Soy and Milk Protein Ingredients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland (ADM)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arla Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DowDuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FrieslandCampina
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kerry Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Associated British Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dean Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fonterra
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Charotar Casein Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Glanbia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Milk Specialties
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Omega Protein
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Linyi Shansong Biological Products
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Scoular
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Solbar Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
