Soy and Milk Protein Ingredients Market Size, Share, Demand, Trends and Research Report

What is soy and milk protein ingredients?

Soy and milk protein ingredients are essential components of the food and beverage (F&B) industry, offering a wide range of nutritional and functional benefits. Soy protein is derived from soybeans and is a rich source of high-quality plant-based protein. It contains all the essential amino acids required by the human body, making it an excellent alternative to animal-based proteins. Milk protein, on the other hand, is obtained from milk sources and is predominantly composed of casein and whey proteins. These proteins possess unique functional properties, including emulsification, foaming, and gelling, making them valuable ingredients in various food and beverage applications. Soy and milk protein ingredients are widely utilized in products such as infant formulas, nutritional supplements, dairy alternatives, meat analogs, baked goods, and beverages.

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.

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Market Trends and Growth Drivers:

The rising demand for plant-based protein alternatives represents one of the key factors driving the growth of the global soy and milk protein ingredients market. The widespread adoption of vegetarian, vegan, and flexitarian lifestyles is acting as a major growth-inducing factor. In addition to this, the rising awareness of the health benefits associated with protein consumption is fueling the demand for milk protein ingredients. The increasing need for muscle growth, weight management, and overall well-being is driving the adoption of milk proteins, particularly whey protein, which is further bolstering the market growth.

The incorporation of milk protein ingredients in sports nutrition products, functional beverages, and fortified foods, along with consumers prioritizing their health and fitness goals, are facilitating the market growth. Moreover, advancements in protein extraction technologies and ingredient formulations are improving the functional properties and sensory characteristics of soy and milk protein ingredients, expanding their application possibilities.

Furthermore, the rising trend of clean labels and natural ingredients is influencing the market, driving the demand for soy and milk protein ingredients that are free from additives, allergens, and genetically modified organisms (GMOs). Other factors, such as changing consumer preferences, the rising consciousness among consumers regarding the ingredients they consume, and an increasing shift toward clean and sustainable protein sources, are creating a positive outlook for the market across the globe.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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

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Key Market Segmentation:

The report has segmented the global soy and milk protein ingredients market on the basis of product type, application and region.

Breakup by Product Type:

• Soy Protein Isolate
• Soy Protein Concentrate
• Textured Soy Protein

Breakup by Application:

• Food and Beverages
• Cosmetics and Personal Care
• Animal Feed
• Pharmaceuticals

The market has been categorized on the basis of the application into food and beverages, cosmetics and personal care, animal feed and pharmaceuticals.

Geographical Analysis:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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