Soy and milk protein ingredients are proteins extracted from 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 the most preferred alternatives to dairy proteins and meat which helped food producers to improve their profitability by reducing the cost. They offer a wide application in the 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 offers various benefits to the skin such as skin regeneration and repair, and is effective in treating dryness. Thus, the growing use of protein ingredients in cosmetic products is projected to foster market growth.

Growth in the food and beverage industry due to increasing government as well as consumer spending is projected to foster the market growth of soy and milk proteins ingredient.

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$ 33.52 Billion & Kilo Tons) and compound annual growth rate (CAGR 4.3%) for the forecast period (2023-2030), considering 2022 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 are Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., and Solbar Ltd
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, 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
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Archer Daniels Midland Company (ADM)*
  • Scoular Company
  • Cargill Inc
  • Dupont-Solae
  • Linyi Shansong Biologicals Products Co. Ltd
  • Solbar Ltd (Now acquired by CHS)