Soy And Milk Protein Ingredients Market to grow at a CAGR of 5.1% during 2024-2028
The Soy And Milk Protein Ingredients Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7441 million. The plant-based protein market, specifically soy and milk proteins, is experiencing significant growth due to the increasing consumer preference for healthier and more sustainable food options. Key drivers include the functional and nutritional benefits of these proteins, which include adequate amino acids, fiber, calcium, potassium, and vitamins. They offer numerous applications in food processing, such as emulsification, stabilization, gelling, thickening, and binding. Soy and milk proteins are also widely used in meat processing and infant formula production. Moreover, their eco-friendly production process, which consumes less water compared to animal-derived proteins, adds to their appeal.
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Technavio analysts predict that the Milk protein ingredients subsegment will lead the Type segment during 2024 and 2028 The Soy and Milk Protein Ingredients Market encompasses the production, distribution, and consumption of soy and milk protein concentrates and isolates. These essential ingredients cater to various industries, including food and beverage, pharmaceuticals, and nutraceuticals. Demand for these proteins is driven by their nutritional benefits, functional properties, and increasing consumer preference for plant-based alternatives. Market growth is further fueled by technological advancements and expanding applications in diverse sectors.
Here are the various ways based on which the market is segmented:
Key Companies and Market Insights
Some of the key companies in the Global Soy And Milk Protein Ingredients Market include:
There are several factors that are causing the market to flourish growing geriatric population globally
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
The Soy and Milk Protein Ingredients Market encompasses a range of plant-based proteins derived from soy, milk, and other sources. These proteins have gained significant popularity in recent years due to their versatility in various applications, including protein-rich food, sports drinks, natural cosmetics, vegan formulations, and plant-based meat. Soy protein isolate is a key ingredient in this market, with a high protein profile and excellent nutritional value. Oilseed crushers and contract farmers play a crucial role in crop cultivation, which impacts processing costs. The protein ingredients market includes native whey protein and recovery water from milk, as well as grain production for plant-based proteins. The market caters to diverse consumer needs, with offerings that are trans-fat free, gluten-free, low-fat, low-carb, and high in satiety. Protein ingredients contribute to energy balance, muscle repair, weight loss, and amino acid intake. As consumers seek more plant-based options, the demand for protein ingredients continues to grow. Ingredient labeling is essential for transparency and consumer trust. Overall, the soy and milk protein ingredients market offers a range of options for those following proteinaceous diets and seeking to maintain a healthy lifestyle.
The global packaged foods and meats market encompasses businesses engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. Equipment manufacturers are excluded, as are producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors driving market expansion include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.
The Soy And Milk Protein Ingredients Market is experiencing significant growth, fueled by the growing geriatric population globally. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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