Soy & Milk Protein Ingredients Market

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SOY AND MILK PROTEIN INGREDIENTS MARKET ANALYSIS

• Soy Milk Protein Ingredients Market, By 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), and By Region (North
  America, Europe, Asia Pacific, Latin America,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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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.
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Figure 1. Global Soy and Milk Protein Ingredients
Market Share () in terms of Value, By Region, in
2019
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.
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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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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.
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Figure 2. Global Soy and Milk Protein Ingredients
Market Opportunity Analysis
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
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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
Merits novel plant protein ingredients for use
in Nestlés plant-based foods and beverages.
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Figure 3. Global Soy and Milk Protein Market
Share () in terms of Value, By Soy Protein
Types, in 2019
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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.
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• Competitive Section
• Company Names 
• Archer Daniels Midland Company (ADM)
• SCOULAR COMPANY
• CARGILL INC
• DUPONT-SOLAE
• LINYI SHANSONG BIOLOGICALS PRODUCTS CO. LTD
• 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.

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