Soy and Milk Protein Ingredients Market
The global soy and milk protein ingredients market grew at a compound annual growth rate of 6% during the forecast period between 2010 and 2018. The valuation of the market climbed from $8500 Mn in 2010 to $13000 Mn in 2018.
Soy and milk have emerged as a rich source of protein and offer several nutritional health benefits. Soy protein provides protection against cardiac diseases while dairy milk have proven helpful in building muscles.
Rising consumer awareness about maintaining good health has driven the demand for products rich in soy and milk proteins and contributed to the growth of the overall soy and milk protein ingredients market.
Increasing Consumer Demand for Functional Food Products Propels Overall Soy and Milk Protein Ingredients Market
Also, increasing consumer demand for functional food products as well as rising demand for food products that are sustainable and healthy has fueled the growth in the global soy and milk protein ingredients market and is expected to assist in market growth, in future too. Growing consumer preference for food products rich in plant-based proteins has also propelled the global soy and milk protein ingredients market.
Other factors such as rising disposable income has also played a key role in the growth of the global soy and milk protein ingredients market.
COVID-19 Pandemic Bolsters the Overall Soy and Milk Protein Ingredients Market
The outbreak of the COVID-19 pandemic has provided a further impetus to the overall soy and milk protein ingredients market. With rising cases globally, the consumer preference for healthy food products and dairy products that are rich in protein witnessed an increase in demand.
This helped in the growth of the soy and milk proteins ingredients market. It is anticipated that during the post-pandemic phase, the demand will continue to remain high and the global market will witness steady growth.
The global soy and milk proteins ingredients market is studied based on type, application, and geography.
Based on type, the global soy and milk protein ingredients market is classified into soy protein and dairy protein. Soy protein segment has made the greater contribution to the growth of the soy milk and protein ingredients market than dairy protein because of higher consumer demand for products rich in soy proteins.
Based on application, the global soy milk and protein ingredients market is classified into food and beverages, personal care & cosmetics, and infant formulation. Food and beverages application segment has contributed the most to the overall soy milk and protein ingredients market because of increasing consumer demand for functional food products which contain large quantities of soy proteins.
North America Emerges as Leader in Overall Soy and Milk Protein Ingredients Market
Based on region, North America has emerged as the leader in the global soy milk and protein ingredients market because rising customer demand for food products rich in soy proteins in a bid to decrease the incidence of coronary heart diseases.
Asia Pacific has offered lucrative growth opportunities and is anticipated to be the fastest growing region in the global soy and milk protein ingredients market in future as the products rich in these ingredients have emerged as suitable alternative for meat products.
Some of the leading players in the soy and milk protein ingredients market include DuPont, Cargill Incorporated, CHS Inc., Archer Daniels Midland Company, and Wilmar International Limited.
The global soy and milk protein ingredients market has witnessed high competition in the last few years and has several prominent market players.
Well-established market players have introduced new products in a bid to gain a competitive edge over other players. In future, they could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
LIST OF FIGURES
FIG. 1 GLOBAL SOY INGREDIENTS MARKET VOLUMES, 2011 - 2018 (TONS)
FIG. 2 GLOBAL SOY INGREDIENTS MARKET REVENUES, 2011 – 2018 (USD MILLION)
FIG. 3 VALUE CHAIN ANALYSIS
FIG. 4 PORTERS FIVE FORCES MODEL
FIG. 5 GLOBAL SOY PROTEIN ISOLATES INGREDIENTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 6 GLOBAL SOY PROTEIN CONCENTRATES INGREDIENTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 7 GLOBAL SOY FLOURS INGREDIENTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 8 GLOBAL OTHERS INGREDIENTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 9 GLOBAL SOY INGREDIENTS MARKET, BY APPLICATIONS VOLUMES 2011 – 2018 (TONS)
FIG. 10 GLOBAL SOY INGREDIENTS MARKET, BY APPLICATIONS REVENUES 2011 – 2018 (USD MILLION)
FIG. 11 MARKET BY BAKERY AND CONFECTIONARY VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 12 MARKET BY MEAT ALTERNATIVES VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 13 MARKET BY FUNCTIONAL FOODS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 14 MARKET BY DAIRY REPLACEMENT VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 15 MARKET BY INFANT FOODS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 16 MARKET BY OTHER FOODS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 17 GLOBAL SOY INGREDIENTS MARKETS VOLUMES BY GEOGRAPHY 2011 – 2018 (TONS)
FIG. 18 GLOBAL SOY INGREDIENTS MARKETS REVENUE BY GEOGRAPHY 2011 – 2018 (USD MILLION)
FIG. 19 NORTH AMERICA SOY 3 INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 20 EUROPE OMEGA 3 INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 21 ASIA PACIFIC OMEGA 3 INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 22 REST OF THE WORLD OMEGA SOY INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 23 GLOBAL MILK INGREDIENTS MARKET VOLUMES, 2011 - 2018 (TONS)
FIG. 24 GLOBAL MILK INGREDIENTS MARKET REVENUES, 2011 - 2018 (USD MILLION)
FIG. 25 TOTAL MILK PROTEIN PRODUCTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 26 GLOBAL CASEIN PRODUCTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 27 GLOBAL WHEY PRODUCTS MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 28 GLOBAL SKIMMED MILK POWDER MARKET VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 29 GLOBAL OTHER MARKET VOLUMES AND REVENUES, 2010 - 2018 (TONS) (USD MILLION)
FIG. 30 GLOBAL MILK PROTEIN INGREDIENTS MARKETS VOLUMES BY GEOGRAPHY 2011 – 2018 (TONS)
FIG. 31 GLOBAL MILK PROTEIN INGREDIENTS MARKETS REVENUE BY GEOGRAPHY 2011 – 2018 (USD MILLION)
FIG. 32 NORTH AMERICA MILK PROTEIN INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 33 EUROPE MILK PROTEIN INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 34 ASIA PACIFIC MILK PROTEIN INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)
FIG. 35 REST OF THE WORLD MILK PROTEIN INGREDIENTS MARKETS VOLUMES AND REVENUES, 2010 – 2018 (TONS) (USD MILLION)