Soy And Dairy Protein Ingredients Market Size, Share & Trends Analysis Report By Soy Protein (Soy Protein Concentrate), By Dairy Protein, By Application, By Region, And Segment Forecasts, 2023 - 2030

Soy And Dairy Protein Ingredients Market Size, Share & Trends Analysis Report By Soy Protein (Soy Protein Concentrate), By Dairy Protein, By Application, By Region, And Segment Forecasts, 2023 - 2030

Soy And Dairy Protein Ingredients Market Growth & Trends

The global soy and dairy protein ingredients market size is expected to reach USD 51.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030. Factors such as growing healthcare awareness and shifting consumer preference towards protein consumption are boosting the demand for market.

The hectic lifestyles of consumers and growing cases of poor metabolic health are boosting the demand for soy and dairy protein ingredients. The growing applications of soy and dairy protein and its perceived health benefits are acting as an opportunity for manufacturers to explore these ingredients. Furthermore, the rise of the vegan population is supporting the market's growth.

Factors such as ease of use and rising consumer demand for clean-label ingredients are driving the demand for the overall market. Consumers can easily incorporate whey and soy protein into pasta, yogurt, smoothies, and baked goods to increase their protein consumption per day. Soy and dairy proteins are often used as functional ingredients in food products.

Advancements in processing technology have supported manufacturers to alter the functional properties of these proteins, making them ideal for a wide range of applications. For example, soy protein can be modified to have a better water-binding capacity, which can improve the texture of meat alternatives. Similarly, dairy proteins can be modified to have different emulsifying and gelling properties, making them useful in a variety of food applications.

Consumers are increasingly looking out for plant-based products that mimic the taste and texture of meat. As a result, there has been a focus on improving the taste and texture of soy and dairy protein-based products, such as plant-based meats and cheeses. This has led to the development of new processing methods and ingredients, such as plant-based fats and fibers.

The soy and dairy protein industry has also made strides in sustainability. For example, some companies are using regenerative agriculture practices to reduce the environmental impact of soy production. Regenerative agriculture is a farming system that focuses on improving soil health and biodiversity, which can help sequester carbon and reduce greenhouse gas emissions. Additionally, there is a growing trend toward upcycling food waste to create new protein ingredients.

Soy And Dairy Protein Ingredients Market Report Highlights

• The food and beverage segment held the largest market share in 2022 owing to rising applications of soy and dairy protein in the market
• The soy protein hydrolysate as the oyster segment with the highest revenue share in 2022 owing to rising demand for plant-based foods
• Personal care and cosmetics in the application segment is expected to expand at a significant CAGR of 5.9% from 2022 - 2030. The growth can be attributed to rising consumer demand for organic products
• Asia Pacific is estimated to grow significantly over the forecast period owing to the growing demand for healthy foods in the region.

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