Soy And Milk Protein Ingredients Market Size is valued at 14.96 billion in 2024 and is predicted to reach 31.25 billion by the year 2034 at a 7.8% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
The soy and milk protein ingredients market is growing, driven by increasing consumer demand for plant-based and dairy-based protein sources. Soy protein is a widespread alternative to animal-based proteins and is used in various food and beverage applications, including meat alternatives, dairy alternatives, and sports nutrition products. On the other hand, milk protein is a high-quality protein source widely used in sports nutrition and functional food products. Both soy and milk protein ingredients have been shown to positively impact human health and wellness, contributing to their growing popularity.
However, rising prices and the possibility of replacements are anticipated to impact both developed and emerging nations' overall market growth. Additionally, it is anticipated that investments in R&D activities will provide prospects for growth to produce soy protein ingredients that are low-cost and high in nutrition.
The soy and milk protein ingredients market is segmented by protein type, milk protein types and application. Based on the protein type, the market is segmented into soy protein isolates, soy protein concentrates, soy protein hydrolysates and others. The market is segmented on milk protein types such as casein/caseinates, whey protein concentrates, whey protein isolates, and whey protein hydrolysates. The application segment includes food and beverages, infant formulations, personal care and cosmetics, and animal feed.
The food and beverage industry is the greatest soy and milk protein market. In various food applications, such as bakery & confectionery, dairy & frozen desserts, prepared foods, and others, these proteins are replaced as a replacement to animal-based proteins. During the projection period, the growing market for plant-based meat substitutes is anticipated to propel the expansion of this market segment. Due to the rising customer demand for protein-rich foods, the food and beverage sector is increasing, including soy and milk protein components in its products.
Over the forecast period, the market is expected to benefit from the rising demand for functional foods in developed countries. The food and beverage industry is increasingly incorporating soy and milk protein ingredients due to the growing consumer demand for protein-rich food products. Soy and milk protein ingredients are considered a healthy food alternative, as they are rich in essential nutrients such as protein, amino acids, and vitamins, driving the market growth in the food and beverage industry.
Due to the product's shown advantages in improving digestive and cardiovascular health while controlling cholesterol levels, the soy isolate product sector retained the biggest share. Antioxidants, vitamins, and minerals included in soy protein isolates, including zinc, iron, and isoflavones, can help prevent bone loss brought on by menopause or some malignancies. Given its low-fat content and bland flavour, soy protein isolate is also widely used in dairy products, infant formulas, and functional foods. Meeting the younger generation's demand for protein-rich foods has a positive impact on the market outlook.
The North American soy and milk protein ingredients market is expected to report the most increased market share in revenue shortly. Major manufacturers' presence in the area, growing knowledge of these proteins' health advantages, and expanding demand from the food and beverage industries are all credited with this growth. The demand for soy protein as a meat alternative is on the rise, and soy protein's organic health benefits in the Asia-Pacific area are contributing causes to this expansion. The growth of the Soy & Dairy Protein Ingredients Market in the Asia-Pacific region is further fueled by the expanding demand for dairy proteins like whey protein concentrates due to their excellent affordability.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 14.96 Bn |
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Revenue forecast in 2034 |
USD 31.25 Bn |
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Growth rate CAGR |
CAGR of 7.8% from 2024 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Protein Type, Milk Protein Types and Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., and Solbar Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Soy And Milk Protein Ingredients Market Snapshot
Chapter 4. Global Soy And Milk Protein Ingredients Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Protein Type Estimates & Trend Analysis
5.1. by Protein Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Protein Type:
5.2.1. Soy Protein Isolates
5.2.2. Soy Protein Concentrates
5.2.3. Soy Protein Hydrolysates
5.2.4. Others
Chapter 6. Market Segmentation 2: by Milk Protein Types Estimates & Trend Analysis
6.1. by Milk Protein Types & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Milk Protein Types:
6.2.1. Milk Protein Concentrates & Isolates
6.2.2. Casein/Caseinates
6.2.3. Whey Protein Concentrates
6.2.4. Whey Protein Isolates
6.2.5. Whey Protein Hydrolysates
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
7.2.1. Food and Beverages
7.2.2. Infant Formulations
7.2.3. Personal Care and Cosmetics
7.2.4. Animal Feed
Chapter 8. Soy And Milk Protein Ingredients Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Protein Type, 2021-2034
8.1.2. North America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Milk Protein Types, 2021-2034
8.1.3. North America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
8.1.4. North America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Protein Type, 2021-2034
8.2.2. Europe Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Milk Protein Types, 2021-2034
8.2.3. Europe Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
8.2.4. Europe Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Protein Type, 2021-2034
8.3.2. Asia Pacific Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Milk Protein Types, 2021-2034
8.3.3. Asia-Pacific Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
8.3.4. Asia Pacific Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Protein Type, 2021-2034
8.4.2. Latin America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Milk Protein Types, 2021-2034
8.4.3. Latin America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
8.4.4. Latin America Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Protein Type, 2021-2034
8.5.2. Middle East & Africa Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Milk Protein Types, 2021-2034
8.5.3. Middle East & Africa Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2021-2034
8.5.4. Middle East & Africa Soy And Milk Protein Ingredients Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Archer Daniels Midland Company (ADM)
9.2.2. Arla Foods amba
9.2.3. DuPont Nutrition & Health
9.2.4. Cargill Inc.
9.2.5. Kerry Group plc
9.2.6. Associated British Foods plc
9.2.7. Charotar Casein Company
9.2.8. Dean Foods Company
9.2.9. Fonterra Co-operative Group Limited
9.2.10. Glanbia plc
9.2.11. Milk Specialties Global (MSG)
9.2.12. Omega Protein Corporation
9.2.13. Linyi Shansong Biological Products Co. Ltd.
9.2.14. Scoular Company
9.2.15. Solbar Industries Ltd.
9.2.16. FrieslandCampina DMV
9.2.17. Other Prominent Players
Soy And Milk Protein Ingredients Market By Protein Type-
Soy And Milk Protein Ingredients Market By Milk Protein Types-
Soy And Milk Protein Ingredients Market By Application-
Soy And Milk Protein Ingredients Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
