Europe Soy Protein Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Soy Protein Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Soy Protein Ingredients Market is projected to grow at a CAGR of 6.24%, during the forecast period (2020 – 2025).

Key Highlights

• The market growth for soy protein ingredients in Europe is facilitated by accumulating scientific evidence of various health benefits of soy protein, over animal-based protein counterparts. The benefits of the plant-based diet are being increasingly acknowledged by European consumers, therefore gearing the market growth. The region has also witnessed rising demands for ideal meat substitutes.
• Furthermore, the sales of meat substitutes in the United Kingdom alone are predicted to increase by 25% in the next five years. The rise in vegetarianism as a lifestyle choice is a trend expanding across Europe

Key Market TrendsGrowing Consumption of Processed Foods and Beverages

The demand for processed and healthy foods, such as ready-to-eat, ready-to-cook, canned foods and bottled beverages, among others, is very high in Europe, with the increasing adoption rate of advanced food processing technologies. The rapidly-changing consumer lifestyle is the primary factor driving the processed food market. The demand for convenience foods has grown among working women population. The rising emphasis on healthy snacks and beverages, increase in disposable incomes, ever-growing population and demand for better quality are some other major factors affecting the soy protein ingredients market.

Germany Holds the Largest Market Share in European Soy Protein Ingredients Market

The increasing demand for soy protein is attributed to its immense health benefits as it aligns perfectly with obesity concerns in the country. Moreover, the increasing number of health conscious consumers in the European Union (EU) acts is driving the soy protein ingredients market. The European region mainly depends on imports to satisfy the growing consumer demand for plant proteins. Germany accounts for the major share of soy protein ingredients with a considerable share of xx% in the year 2018. There is high support from the government for the production and consumption of plant protein, such as soy, as they require fewer natural resources for the same protein level.

Competitive Landscape

The major players in the European soy protein ingredients market include - ADM (Archer Daniels Midland Company), Cargill Europe BVBA, CHS Inc. (US), DuPont, EISS B.V., Kerry, Scoular Company, and Wilmar International, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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