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.
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.
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.
Top Key Players in Soy & Milk Protein Ingredients market: Archer Daniels Midland Company (ADM), Scoular Company, Cargill Inc., Dupont-Solae, Linyi Shansong Biologicals Products Cp. Ltd., Solbar Ltd
The scope of the Report:
The report segments the global Soy & Milk Protein Ingredients Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Soy & Milk Protein Ingredients Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Soy & Milk Protein Ingredients market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Growth within the food and beverage industry thanks to increasing government also as consumers spending is projected to foster the market growth of soy and milk proteins ingredient. consistent with the us 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.
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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