Enjoy complimentary customisation on priority with our Enterprise License!
The soy and milk protein ingredients market size is forecast to increase by USD 7.44 billion at a CAGR of 5.1% between 2023 and 2028. The market is experiencing significant growth due to several key factors. The global population ageing is a major driver, as the geriatric population's nutritional needs increase, leading to a higher demand for protein-rich foods and beverages. Additionally, there is a growing trend towards plant-based diets, with consumers seeking alternative sources of protein to meat. Allergen concerns related to soy and milk ingredients have also fueled market growth, as manufacturers develop new formulations to cater to this demand. The increasing prevalence of lactose intolerance, food intolerance and soy allergies has led to the development of hypoallergenic soy and milk protein ingredients, providing a viable option for consumers with dietary restrictions. These trends are expected to continue, driving market growth in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.