Soy
and milk protein has always been on the top list which includes all
the alternative dairy milk beverages. The soy and milk protein
ingredients industry have been gaining popularity owing to the
healthy benefits that are related with it. The soy and milk proteins
ingredients are a rich source of high quality proteins with a variety
of functional properties. It is a significant source of minerals,
calories, and fatty acids that are essential for the human body.
Nevertheless, there is a lot of negative impact of genetically
modified soy and the challenging environment of the protein industry
which includes pea proteins, milk proteins, and other animal
proteins. These factors are likely to restrain the growth of soy and
milk protein ingredient market globally.
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In
2010, the global soy and milk protein ingredients market was valued
at UD$8500 million and is believed to touch US$13000 million by the
end of 2018. The market is anticipating a substantial growth of
around 6% CAGR between the years 2013 and 2018.
Diversity
of Application Is Believed To Fuel the Global Soy and Milk Protein
Market
The
soy protein ingredients market is further segmented on the basis of
types such as soy protein, hydrolysates, soy protein concentrates,
soy protein isolates, soy flours, and others. Furthermore, the soy
protein ingredient market finds its application in different
industries such as infant foods, meat alternatives, bakery &
confectionery, dairy replacements, and functional foods among others.
As a result of diversity of industrial applications, the market
demand for soy proteins is expected to boost in the forecast period.
The
further segmentation of the milk protein ingredients industry is done
on the basis of types which include skimmed milk powder,
casein/caseinates, whey protein hydrolysates, whey protein
concentrates, whey protein isolates, milk protein concentrates &
isolates, and others.
Asia
Pacific to Lead the Global Soy and Milk Protein Ingredients Market in
the Forecast Period
The
global
soy and milk protein ingredients industry has been segmented
geographically into four parts which are: Europe, Asia-Pacific, North
America, and ROW (Rest of the World). Among all the segments, Europe
is the biggest consumer of soy proteins. However, Asia Pacific is
anticipated to be the most progressive market in the forecast period.
The developing economies and countries such as India, China, and
Brazil are believed to be the most attractive markets in the coming
six years.
Speaking
of isolated soy proteins, soy flour, and soy protein concentrates,
Asia Pacific is the biggest consumer. The tremendously increasing
population and the high living standards are considered to be the key
growth drivers for the milk protein ingredients market in terms of
revenue. In addition to this, the rising awareness among consumers
about the severe effects of animal protein is leading to a bend
towards plant and milk proteins. Milk protein concentrates have been
replacing the dairy products in the market owing to their low cost
and usage flexibility.
Major
Players of the Global Soy and Milk Protein Ingredients Industry
The
global market of soy and milk protein ingredients industry is very
comprehensive. The key players of the industry are Burcon
NutraScience, Armor Proteins, George Weston Foods, Kellogg Company,
Omega Protein Corporation, MGP Ingredients, Dupont, ADM, and Bunge
Alimentos SA. The increasing competition is attracting many new
entities to enter the industry. Some of the other players operating
in the market are Kraft Foods, DuPont Agriculture & Nutrition,
Dean Foods Company, Manildra Group, Gelita Group, Cargill Health &
Food Technologies, Kerry Ingredients Inc., and Doves Farm Foods.
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