The global soy and milk protein ingredients market reached a value of US$ 11.2 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Soy and milk-based products are among the most widely consumed sources of proteins. Proteins are essential micronutrients that help in the growth and healing of the human body. Soy and milk protein ingredients contain lesser amounts of carbohydrates and fats per serving. This has led to their increased usage in health foods and beverages.
Soy and Milk Protein Ingredients Market Trends:
The global soy and milk protein ingredients market is primarily driven by the escalating demand for functional ingredients in the preparation of infant formulas and animal feed. They are also considered an effective alternative to meat and eggs as they are rich in calcium, iron, fiber, potassium, magnesium, vitamin B, lecithin and polyunsaturated fats. On account of this, soy and milk protein ingredients have gained immense preference among vegan and vegetarian consumers. These ingredients are also added in protein supplements to help athletes recover the degradation of muscle tissue after a workout and increase their muscle mass. With the increasing prevalence of lifestyle diseases, inflating income levels and the rising awareness of health and wellness, consumers have become more inclined toward low-fat and protein-rich diets. This has further boosted the sales of soy and milk protein ingredients.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Product Type:
Soy Protein Ingredients
Soy Protein Isolate
Soy Protein Concentrates
Textured Soy Protein
Milk Protein Ingredients
Whey Protein Hydrolysates
Milk Protein Concentrates
Whey Protein Concentrates
Whey Protein Isolate
Breakup by Application:
Food and Beverages
Cosmetics and Personal Care
Middle East and Africa
Some the key manufacturers are Archer Daniels Midland (NYSE: ADM), Arla Foods, DuPont (DowDuPont), Cargill, Inc., Kerry group, Associated British Foods (ABF.L), Charotar Casein Company, Dean Foods (OTCMKTS: DFODQ), Fonterra (NZE: FCG), Glanbia, Milk Specialties, Omega Protein, Linyi Shansong Biological Products Co.,Ltd., Scoular, Solbar Industries, FrieslandCampina DMV, etc.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/soy-milk-protein-ingredients-market
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