Europe Soy Protein Ingredients Market Size, Industry | 2031
Europe Soy Protein Ingredients Market Size, Industry | 2031
Segments - Europe Soy Protein Ingredients Market by Types (Soy Isolates, Soy Concentrate, and Textured Soy Protein) Applications (Bakery and Confectionery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, and Others) and Geography (The UK, Germany, Italy, France, the Netherlands, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :FB-3357
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Report Description
Europe Soy Protein Ingredients Market Outlook 2031:
The Europe soy protein ingredients market size was valued at USD 3.07 Billion in 2022 and is projected to reach USD 5.60 Billion by 2031, expanding at a CAGR of 6.9% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing population adopting vegetarian and vegan products in their daily diet.
Soy protein ingredients are made from soybean. Dehulled and defatted soybean are made into three types of protein products, namely soy flour, soy protein concentrates, and soy protein isolates. Almost all types of amino acids are provided by soy protein ingredients, which are essential for human nutrition and are the same as other legume pulses and are one of the cheapest sources of protein.
The COVID-19 pandemic negatively impacted the growth of the soy protein ingredients market. However, the relaxation in restriction in the manufacturing facilities is estimated to recover by end of 2021.
Soy Protein Ingredients Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for plant-based protein from vegan population is fueling the growth of the market.
- Growing utilization of soy proteins in wide range of products is anticipated to positively influencing the demand for soy protein ingredients.
- Low cost and high nutritional value are the major factors contributing to the growth of the soy protein market.
- Unpleasant flavor of soy proteins is making it undesirable for consumption in consumers, which can act as a restrain to the growth of the market.
- Increasing demand for cholesterol-free products is expected to contribute to the growth of the market during the forecast period.
Scope of the Soy Protein Ingredients Market Report
The report on the Europe soy protein ingredients market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Europe Soy Protein Ingredients market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types, (Soy Isolates, Soy Concentrate and Textured Soy Protein) and Applications (Bakery and Confectionery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, and Others) |
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Geography Scope |
The UK, Germany, Italy, France, the Netherlands, and Rest of Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
DowDuPont Inc; Archer Daniels Midland Company; Scoular Company; and Cargill Inc. |
Europe Soy protein ingredients Market Segment Insights
Soy isolates segment is expected to grow at a robust pace
Based on types, the market is segregated into soy isolates, soy concentrate, and textured soy protein. The soy isolates segment is anticipated to account for a significant market share during the forecast period. Soy protein isolates are used for high dissolution in milk beverages and are considered a premium ingredient.
Advantages of soy protein isolates include fat-free content, bland taste, and high amount of fiber. However, the soy isolates segment is anticipated to hold a key share of the market in the coming years due to increasing demand for the nutrition industry.
Beverages segment is projected to dominate the market
Based on applications, the Europe soy protein ingredients market is segregated into bakery and confectionery, meat extenders and substitutes, nutritional supplements, beverages, and others.
The beverages segment is projected to expand at a considerable CAGR during the forecast period. Developing awareness and interest for protein-rich food items and rising clean label trend are major factors further spurring the segment growth.
The Europe to constitute a considerable market share
In terms of geography, the market is classified as the UK, Germany, Italy, France, the Netherlands, and the Rest of Europe. The UK is anticipated to account for a significant market share during the forecast period. Increasing customer interest for plant-based proteins is estimated to spur the market growth in the region.
Moreover, rising prevalence of lactose intolerance in the UK is further driving the country’s market growth. The market in Germany is expected to exhibit a robust CAGR during the forecast period owing to the increasing demand for dietary supplements in the region.
Segments
The Europe soy protein ingredients market has been segmented on the basis of
Types
- Soy Isolates
- Soy Concentrate
- Textured Soy Protein
Applications
- Bakery and Confectionery
- Meat Extenders and Substitutes
- Nutritional Supplements
- Beverages
- Others
Geography
- The UK
- Germany
- Italy
- France
- Netherlands
- Rest of Europe
Key Players
- DowDuPont Inc
- Archer Daniels Midland Company
- Scoular Company
- Cargill Inc.
Competitive Landscape
Key players competing in the Europe soy protein ingredients market DowDuPont Inc; Archer Daniels Midland Company; Scoular Company; and Cargill Inc.
Companies are engaging in partnerships, acquisitions, and mergers to expand their market share.
Moreover, they’re investing in R&D activities to provide high-quality products to the clients.
Frequently Asked Questions
One of the main restraints is the unpleasant flavor of soy proteins, which can make them undesirable for some consumers.
Major companies include DowDuPont Inc, Archer Daniels Midland Company, Scoular Company, and Cargill Inc.
Soy protein isolates offer fat-free content, bland taste, high fiber content, and are considered premium ingredients, especially for milk beverages.
The UK is anticipated to hold a significant market share, with Germany expected to exhibit robust growth due to rising demand for dietary supplements.
The COVID-19 pandemic negatively impacted the market, but recovery is expected as manufacturing restrictions ease.
The beverages segment is projected to dominate the market, expanding at a considerable CAGR due to increased awareness of protein-rich foods and the clean label trend.
Soy protein ingredients are used in bakery and confectionery, meat extenders and substitutes, nutritional supplements, beverages, and other food products.
The main types of soy protein ingredients available are soy isolates, soy concentrates, and textured soy protein.
Key growth drivers include rising demand for plant-based protein among vegans, growing use of soy proteins in various products, low cost, high nutritional value, and increasing demand for cholesterol-free products.
The Europe soy protein ingredients market is projected to reach USD 5.60 Billion by 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Protein Ingredients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soy Protein Ingredients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy Protein Ingredients Market - Supply Chain
4.5. Global Soy Protein Ingredients Market Forecast
4.5.1. Soy Protein Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy Protein Ingredients Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Soy Protein Ingredients Market Absolute $ Opportunity
5. Global Soy Protein Ingredients Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Soy Protein Ingredients Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Soy Protein Ingredients Demand Share Forecast, 2019-2026
6. North America Soy Protein Ingredients Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Soy Protein Ingredients Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Soy Protein Ingredients Demand Share Forecast, 2019-2026
7. Latin America Soy Protein Ingredients Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Soy Protein Ingredients Demand Share Forecast, 2019-2026
8. Europe Soy Protein Ingredients Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Soy Protein Ingredients Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Soy Protein Ingredients Demand Share Forecast, 2019-2026
9. Asia Pacific Soy Protein Ingredients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Soy Protein Ingredients Demand Share Forecast, 2019-2026
10. Middle East & Africa Soy Protein Ingredients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Soy Protein Ingredients Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Soy Protein Ingredients Market: Market Share Analysis
11.2. Soy Protein Ingredients Distributors and Customers
11.3. Soy Protein Ingredients Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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