Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Protein ingredients are essential for cell functioning that promote repairing and healing of the human body. Protein such as amino acids are essential for repairing and healing of the body where human body is incapable of producing amino acids. Hence such proteins become utmost importance to consume via diet. Protein can be extracted through plant or animal source - this is called soy and milk protein.

The global soy and milk protein ingredients market is estimated to account for US$ 30,141.3 Mn in terms of value and 1,128.3 Kilo Tons in terms of volume by the end of 2019.

Drivers:

Growing consumer awareness regarding the proteinaceous diet is propelling the market growth of the soy and milk proteins ingredient. Rising prevalence of disorder associated with the deficiency of the protein in the body coupled with the growing health-conscious consumer is shifting consumer preferences towards protein-rich food is projected to foster the market growth.

Growth in the food and beverage industry due to increasing government as well as consumers spending is projected to foster the market growth of soy and milk proteins ingredient. According to the United States Department of Agriculture Economic Research Service, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.

Figure 1. Global Soy and Milk Protein Ingredients Market Share (%) in terms of Value, By Region, in 2019

Soy and Milk Protein Ingredients  | Coherent Market Insights

Europe region dominated the global soy and milk protein ingredients market in 2019, accounting for 46.3% share in terms of value, followed by North America and Asia Pacific.

Market Restraints

Lack of clarity regarding ingredients and labeling in government regulation leads to various complications for producers. This restricts the manufacturer to enter into the protein ingredient market, thereby hampering the market growth of soy and milk proteins ingredient.

Excessive consumption of protein ingredients leads to various side-effects such as constipation, nausea, and skin allergy is expected to restrict the adoption of protein ingredients. This is expected to hamper the market growth of soy and milk proteins ingredient.

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Soy and Milk Protein Ingredients Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 10,392.3 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.2% 2027 Value Projection: US$ 18,187.8 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Soy Protein Types: Soy Protein Isolates, Soy Protein Concentrates, Soy Protein Hydrolysates, and Others.
  • By Milk Protein Types: Milk Protein Concentrates, Casein/Caseinates, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates.
  • By Application: Food & Beverage, Infant Formulations, Personal Care & Cosmetics and Animal Feed.
Companies covered:

Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., Solbar Ltd.

Growth Drivers:
  • Growing consumer awareness regarding the proteinaceous diet is propelling the market growth of the soy and milk proteins ingredient
  • Growth in the food and beverage industry due to increasing government initiatives
Restraints & Challenges:
  • The volatile price of raw materials due to a gap in supply and demand for grain is expected to hamper the market growth

Market Opportunities

Increasing application of protein-based ingredient in the beverage in a sports drink is expected to offer potential market opportunities in the near future. For instance, in February 2020, Ascent Protein, launched Recovery Water, a water-based beverage that has high-quality protein with electrolytes to help athletes optimally recover post-workout. It is prepared by using Ascent's proprietary native whey protein formulation process, it combines both form and function to deliver muscle recovery and hydration.

Growing production of grains supported by favorable government policies is expected to provide lucrative market opportunities in the near future. According to the Food and Agriculture Organization of the United Nations, in India 2017-2018, total food grain production was estimated at 275 million tons (MT). India is the largest producer (25% of global production), the consumer (27% of world consumption) and importer (14%) of pulses in the world.

Figure 2. Global Soy and Milk Protein Ingredients Market– Opportunity Analysis

Soy and Milk Protein Ingredients  | Coherent Market Insights

The global plant protein ingredients market was valued at 33,246.7 USD million in 2019 and is forecast to reach a value of US$ 53,229.9 by 2027 at a CAGR of 6.1% between 2020 and 2027

Market Trends

Increasing consumption of protein-based ready-to-eat snacks among consumers is a key trend in the market. This is attributed to the changing lifestyle of the consumer and increasing disposable income. For instance, in July 2019, MusclePharm Corporation a performance-lifestyle sports nutrition company announced the launch of eight ready to eat protein snacks with GNC, a health and wellness brand. Thus, the growing demand for protein-based ready-to-eat snacks is expected to foster market growth.

Partnership and agreement among manufacturers for expanding business presence is a key trend in the market. For instance, in January 2020, Merit Functional Foods and its technology partner Burcon NutraScience announce that they have entered into a joint development agreement (JDA) with Nestlé. The goal of the joint agreement is to develop and commercialize Merit’s novel plant protein ingredients for use in Nestlé’s plant-based foods and beverages.

Figure 3. Global Soy and Milk Protein Market Share (%) in terms of Value, By Soy Protein Types, in 2019

Soy and Milk Protein Ingredients  | Coherent Market Insights

Global Soy and Milk Protein Ingredients Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus is expected to have a significant impact on food & beverage sector. Food & beverage companies increased consumption as consumers globally are panic buying the essential commodities including the food items. On the other hand, the coronavirus is expected to alter the dietary patterns of the consumers. The animal protein consumption is expected to decline even post the pandemic situation. Moreover, the sales of plant-based meat alternatives have been increased by about 200%.  Thereby, hinder the growth of animal protein ingredients market over the forecast period.

Competitive Section:

Company Names 

  1. Archer Daniels Midland Company (ADM)
  2. SCOULAR COMPANY
  3. CARGILL INC
  4. DUPONT-SOLAE
  5. LINYI SHANSONG BIOLOGICALS PRODUCTS CO. LTD
  6. SOLBAR LTD (Now acquired by CHS)

Few Recent Developments

In May 2019, At IFFA, Archer Daniels Midland Company presented its latest plant-based protein ingredients that allow cost-effective meat processing as well as vegetarian and vegan alternatives to serve current consumer trends.

Soy and milk proteins ingredient are protein extracted through animal or plant sources. They are vital for the effective functioning of the cells. Animal protein is extracted from sources such as egg, meat, and fish whereas plant protein is derived from soy, pea, rice, and wheat.  Soy proteins are among most preferred alternatives of dairy proteins and meat that helped food producers to improve the profitability by reducing the cost. They offers a wide application in food & beverage industry such as confectionery, emulsion-type sausages, bakery, dairy replacers, functional beverages and nutritional bars, and breakfast cereals.

Market Dynamics

Growing demand for protein ingredients in the cosmetic industry for the production of cosmetic products such as anti-aging creams and moisturizers is projected to bring new market opportunities. Rising use of protein ingredients in cosmetic products offer various benefits to the skin such as skin regeneration, repairing, and effective in treating dry. Thus, the growing use of protein ingredients in cosmetic products is projected to foster the market growth.

Growth in the food and beverage industry due to increasing government as well as consumers spending is projected to foster the market growth of soy and milk proteins ingredient. According to the United States Department of Agriculture Economic Research Service, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.

Key features of the study:

  • This report provides in-depth analysis of the global soy and milk protein ingredients market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global soy and milk protein ingredients market.
  • It profiles key players in the global soy and milk protein ingredients market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., Solbar Ltd
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global soy and milk protein ingredients market report caters to various stakeholders in this industry including investors, suppliers, global soy and milk protein ingredients manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global soy and milk protein ingredients market

Detailed Segmentation:

  • Global soy and milk protein ingredients Market, By Protein Types:
    • Soy Protein Isolates
    • Soy Protein Concentrates
    • Soy Protein Hydrolysates
    • Others
  • Global soy and milk protein ingredients Market, By Milk Protein Types:
    • Milk Protein Concentrates & Isolates 
    • Casein/Caseinates
    • Whey Protein Concentrates
    • Whey Protein Isolates
    • Whey Protein Hydrolysates 
  • Global soy and milk protein ingredients market, by Applications:
    • Food and Beverages
    • Infant Formulations
    • Personal Care and Cosmetics
    • Animal Feed
  • Global soy and milk protein ingredients Market, By Region:
    • North America
      • U.S.
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Canada
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
    • Europe
      • U.K.
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Germany
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • France
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Italy
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Spain
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Russia
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Rest of Europe
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
    • Asia Pacific
      • China
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • India
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Japan
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • ASEAN
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Australia
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • South Korea
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Rest of Asia Pacific
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
    • Latin America
      • Brazil
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Mexico
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Rest of Latin America
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
    • Middle East & Africa
      • Middle East
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
      • Africa
        • By Soy Protein Types:
          • Soy Protein Isolates
          • Soy Protein Concentrates
          • Soy Protein Hydrolysates
          • Others
        • By Milk Protein Types:
          • Milk Protein Concentrates & Isolates 
          • Casein/Caseinates
          • Whey Protein Concentrates
          • Whey Protein Isolates
          • Whey Protein Hydrolysates 
        • By Applications:
          • Food and Beverages
          • Infant Formulations
          • Personal Care and Cosmetics
          • Animal Feed
  • Company Profiles
    • Archer Daniels Midland Company (ADM)*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Scoular Company
    • Cargill Inc
    • Dupont-Solae
    • Linyi Shansong Biologicals Products Co. Ltd
    • Solbar Ltd (Now acquired by CHS)

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Soy Protein Types
      • Market Snippet, By Milk Protein Types
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Soy and Milk Protein Ingredients Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Soy and Milk Protein Ingredients Market, By Soy Protein Types, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Soy Milk Isolates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Soy protein Concentrates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Soy Protein Hydrolysates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Soy and Milk Protein Ingredients Market, By Milk Protein Types, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Milk Protein Concentrates and Isolates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Casein/Caseinates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Whey Protein Concentrates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Whey Protein Isolates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Whey Protein Hydrolysates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  7. Global Soy and Milk Protein Ingredients Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    •  Food & Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Infant Formulations
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Personal Care & Cosmetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Animal Feed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  8. Global Soy and Milk Protein Ingredients Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Soy Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Milk Protein Types, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Archer Daniels Midland Company (ADM)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SCOULAR COMPANY
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • CARGILL INC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DUPONT-SOLAE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LINYI SHANSONG BIOLOGICALS PRODUCTS CO. LTD
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SOLBAR LTD (Now acquired by CHS)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
        • Future Plans
  10. Section
    • References
    • Research Methodology
    • About us and Sales Cont

Frequently Asked Questions

The market for the soy and milk protein ingredients is estimated to surpass US$ 46,642.8 million by 2027, exhibiting a CAGR of 5.6% between 2020 and 2027.
Growth in the food and beverage industry due to increasing government as well as consumers spending is projected to foster the market growth of soy and milk proteins ingredient. According to the United States Department of Agriculture Economic Research Service, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.
The soy and milk protein ingredients market is expected to exhibit a CAGR of 5.6% during the forecast period (2020-2027).
Major players operating in the global soy and milk protein ingredients market include Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., Solbar Ltd
Excessive consumption of protein ingredients leads to various side-effects such as constipation, nausea, and skin allergy is expected to restrict the adoption of protein ingredients. This is expected to hamper the market growth of soy and milk proteins ingredient.
Increasing consumption of protein-based ready-to-eat snacks among consumers is a key trend in the market. Moreover, the changing lifestyle of the consumer and increasing disposable income. For instance, in July 2019, MusclePharm Corporation a performance-lifestyle sports nutrition company announced the launch of eight ready to eat protein snacks with GNC, a health and wellness brand. Thus, the growing demand for protein-based ready-to-eat snacks is expected to foster market growth.
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