Soy and Milk Protein Ingredients Market Size, Trends, Analysis, and Outlook By Type (Milk protein ingredients, Soy protein ingredients), By Application (Food and beverages, Infant formulation, Personal care and cosmetics, Others), by Country, Segment, and

Soy and Milk Protein Ingredients Market Size, Trends, Analysis, and Outlook By Type (Milk protein ingredients, Soy protein ingredients), By Application (Food and beverages, Infant formulation, Personal care and cosmetics, Others), by Country, Segment, and Companies, 2024-2032


Global Soy and Milk Protein Ingredients Market Size is valued at $24.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.1% to reach $36.9 Billion by 2032.

The soy and milk protein ingredients market is experiencing substantial growth, driven by the increasing consumer shift towards plant-based diets and healthy eating. With rising concerns about lactose intolerance and dairy allergies, demand for soy and milk protein alternatives is on the rise. The trend towards clean-label products and transparency in sourcing is influencing purchasing behavior, with consumers favoring brands that offer high-quality, nutritious, and sustainably sourced ingredients. Innovations in product formulations, such as high-protein snacks and ready-to-drink options, are expanding market opportunities.

Soy and Milk Protein Ingredients Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Soy and Milk Protein Ingredients survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Soy and Milk Protein Ingredients industry.

Key market trends defining the global Soy and Milk Protein Ingredients demand in 2025 and Beyond

The Soy and Milk Protein Ingredients industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Soy and Milk Protein Ingredients Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Soy and Milk Protein Ingredients industry

Leading Soy and Milk Protein Ingredients companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Soy and Milk Protein Ingredients companies.

Soy and Milk Protein Ingredients Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Soy and Milk Protein Ingredients Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Soy and Milk Protein Ingredients industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Soy and Milk Protein Ingredients Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Soy and Milk Protein Ingredients Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Soy and Milk Protein Ingredients market segments. Similarly, strong market demand encourages Canadian Soy and Milk Protein Ingredients companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Soy and Milk Protein Ingredients Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Soy and Milk Protein Ingredients industry remains the major market for companies in the European Soy and Milk Protein Ingredients industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Soy and Milk Protein Ingredients market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Soy and Milk Protein Ingredients Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Soy and Milk Protein Ingredients in Asia Pacific. In particular, China, India, and South East Asian Soy and Milk Protein Ingredients markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Soy and Milk Protein Ingredients Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Soy and Milk Protein Ingredients Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Soy and Milk Protein Ingredients market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Soy and Milk Protein Ingredients.

Soy and Milk Protein Ingredients Company Profiles

The global Soy and Milk Protein Ingredients market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Ag Processing Inc, Associated British Foods Plc, Cargill Inc, DANA Dairy Group Ltd, Devansoy Inc, DuPont de Nemours Inc, Fonterra Cooperative Group Ltd, Glanbia plc, International Flavors and Fragrances Inc, Kerry Group Plc, LACTALIS Ingredients, Linyi Shansong Biological Products Co. Ltd, Milk Specialties Global, Royal FrieslandCampina NV, Saputo Inc, Solbar Ningbo Protein Technology Co. Ltd, The Scoular Co..

Recent Soy and Milk Protein Ingredients Market Developments

The global Soy and Milk Protein Ingredients market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Soy and Milk Protein Ingredients Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:
By Type
Milk protein ingredients

Soy protein ingredients
By Application
Food and beverages

Infant formulation

Personal care and cosmetics

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Ag Processing Inc

Associated British Foods Plc

Cargill Inc

DANA Dairy Group Ltd

Devansoy Inc

DuPont de Nemours Inc

Fonterra Cooperative Group Ltd

Glanbia plc

International Flavors and Fragrances Inc

Kerry Group Plc

LACTALIS Ingredients

Linyi Shansong Biological Products Co. Ltd

Milk Specialties Global

Royal FrieslandCampina NV

Saputo Inc

Solbar Ningbo Protein Technology Co. Ltd

The Scoular Co.

Formats Available: Excel, PDF, and PPT


Chapter 1: Executive Summary
1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
1.3.1 Country Coverage
1.3.2 Companies Profiled
1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
1.3.4 Units
1.4 Abbreviations
Chapter 2. Soy and Milk Protein Ingredients Market Overview- 2025
2.1 An Introduction to the Global Soy and Milk Protein Ingredients Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024
Chapter 3. Strategic Analysis Review
3.1 Soy and Milk Protein Ingredients Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments
Chapter 4. Impact Analysis and Scenario Forecasts
4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Soy and Milk Protein Ingredients Market Outlook to 2032
4.6 Reference Case Scenario: Global Soy and Milk Protein Ingredients Market Outlook to 2032
4.7 High Growth Case Scenario: Global Soy and Milk Protein Ingredients Market Outlook to 2032
Chapter 5: Soy and Milk Protein Ingredients Market Dynamics
5.1 Key Soy and Milk Protein Ingredients Market Trends
5.2 Potential Soy and Milk Protein Ingredients Market Opportunities
5.3 Key Market Challenges
Chapter 6: Global Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
6.3 Global Market Outlook by Region, 2021 to 2032
Chapter 7: North America Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
7.3 North America Market Outlook by Country, 2021- 2032
7.3.1 United States Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
7.3.2 Canada Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
7.3.3 Mexico Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
Chapter 8: Europe Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
8.3 Europe Market Outlook by Country, 2021- 2032
8.3.1 Germany Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.2 France Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.3 United Kingdom Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.4 Spain Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.5 Italy Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.6 Russia Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
8.3.7 Rest of Europe Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
Chapter 9: Asia Pacific Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
9.3.1 China Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.2 India Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.3 Japan Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.4 South Korea Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.5 Australia Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.6 South East Asia Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
9.3.7 Rest of Asia Pacific Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
Chapter 10: South America Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
10.3 South America Market Outlook by Country, 2021- 2032
10.3.1 Brazil Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
10.3.2 Argentina Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
10.3.3 Rest of South America Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
Chapter 11: Middle East and Africa Soy and Milk Protein Ingredients Market Analysis and Outlook to 2032
11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Type
Milk protein ingredients
Soy protein ingredients
Application
Food and beverages
Infant formulation
Personal care and cosmetics
Others
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
11.3.1 Saudi Arabia Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
11.3.2 The UAE Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
11.3.3 Rest of Middle East Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
11.3.4 South Africa Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
11.3.4 Rest of Africa Soy and Milk Protein Ingredients Market Size Forecast, 2021- 2032
Chapter 12: Competitive Landscape
12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Ag Processing Inc
Associated British Foods Plc
Cargill Inc
DANA Dairy Group Ltd
Devansoy Inc
DuPont de Nemours Inc
Fonterra Cooperative Group Ltd
Glanbia plc
International Flavors and Fragrances Inc
Kerry Group Plc
LACTALIS Ingredients
Linyi Shansong Biological Products Co. Ltd
Milk Specialties Global
Royal FrieslandCampina NV
Saputo Inc
Solbar Ningbo Protein Technology Co. Ltd
The Scoular Co.
Chapter 13: Sources and Research Methodology
13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information
List of Figures
Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Figure 6: Global Soy and Milk Protein Ingredients Market Outlook by Application, 2021- 2032
Figure 7: Global Soy and Milk Protein Ingredients Market Outlook by Region, 2021- 2032
Figure 8: North America Soy and Milk Protein Ingredients Market Snapshot, Q4-2024
Figure 9: North America Soy and Milk Protein Ingredients Market Size Forecast by Type, 2021- 2032
Figure 10: North America Soy and Milk Protein Ingredients Market Size Forecast by Application, 2021- 2032
Figure 11: North America Soy and Milk Protein Ingredients Market Share by Country, 2023
Figure 12: Europe Soy and Milk Protein Ingredients Market Snapshot, Q4-2024
Figure 13: Europe Soy and Milk Protein Ingredients Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Soy and Milk Protein Ingredients Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Soy and Milk Protein Ingredients Market Share by Country, 2023
Figure 16: Asia Pacific Soy and Milk Protein Ingredients Market Snapshot, Q4-2024
Figure 17: Asia Pacific Soy and Milk Protein Ingredients Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Soy and Milk Protein Ingredients Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Soy and Milk Protein Ingredients Market Share by Country, 2023
Figure 20: South America Soy and Milk Protein Ingredients Market Snapshot, Q4-2024
Figure 21: South America Soy and Milk Protein Ingredients Market Size Forecast by Type, 2021- 2032
Figure 22: South America Soy and Milk Protein Ingredients Market Size Forecast by Application, 2021- 2032
Figure 23: South America Soy and Milk Protein Ingredients Market Share by Country, 2023
Figure 24: Middle East and Africa Soy and Milk Protein Ingredients Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Soy and Milk Protein Ingredients Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Soy and Milk Protein Ingredients Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Soy and Milk Protein Ingredients Market Share by Country, 2023
Figure 28: United States Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Soy and Milk Protein Ingredients Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology
List of Tables
Table 1: Market Scope and Segmentation
Table 2: Global Soy and Milk Protein Ingredients Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Soy and Milk Protein Ingredients Market Size Outlook by Segments, 2021- 2032
Table 7: Global Soy and Milk Protein Ingredients Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Table 10: North America- Soy and Milk Protein Ingredients Market Outlook by Country, 2021- 2032
Table 11: Europe - Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Table 12: Europe - Soy and Milk Protein Ingredients Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Soy and Milk Protein Ingredients Market Outlook by Country, 2021- 2032
Table 15: South America- Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Table 16: South America- Soy and Milk Protein Ingredients Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Soy and Milk Protein Ingredients Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Soy and Milk Protein Ingredients Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Soy and Milk Protein Ingredients Companies
Table 20: Product Profiles of Leading Soy and Milk Protein Ingredients Companies
Table 21: SWOT Profiles of Leading Soy and Milk Protein Ingredients Companies

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