Soy & Dairy Protein Ingredients Market size is estimated to reach $17.4 billion by 2027, growing at a CAGR of 6.7% during the forecast period 2022-2027. Soy and dairy milk are good sources of protein, with distinct health benefits. Soy protein seems to have its own safeguarding consequence on cardiac health, probably owing to its content of phytochemicals (advantageous plant substances). Dairy milk includes two proteins, casein, and whey, both of which are recognized amidst bodybuilders as efficient muscle-building proteins. In regulated diets, dairy foods seem to advance fat loss, probably owing to the consequence of their calcium content together with the dairy proteins and additional substances in milk. This consequence is not observed when identical nutrients are consumed as supplements. Hydrolysate protein of soy has been assessed for hypoallergenic infant formulas. Animal proteins like casein and whey protein are extensively utilized for forming protein particles in the food industry. Soy protein concentrates include at least 65% protein. Defatted flakes or soy flour are utilized as initial material. At the time of the processing of soy concentrates, goals are to disable the protein while draining away the soluble carbohydrates, eliminating the robust flavor constituents and the flatulence sugars (stachyose and raffinose). Milk Protein Concentrates (MPC) are concentrated prepared from skimmed milk. Milk protein concentrates (MPCs) are normally generated utilizing membrane technology and include both casein and whey proteins in the ratio that is present in milk. Milk protein concentrates are accessible in a series of protein levels from 42% to 85%,
The surging adoption of functional foods and dietary supplements is set to drive the Soy & Dairy Protein Ingredients Market. The soaring inclination of consumers towards healthier and sustainable diet options including protein concentrates is set to propel the growth of the Soy & Dairy Protein Ingredients Market during the forecast period 2022-2027. This represents the Soy & Dairy Protein Ingredients Industry Outlook.
Soy & Dairy Protein Ingredients Market Segment Analysis – By Type:
The Soy & Dairy Protein Ingredients Market based on type can be further segmented into Soy Protein and Dairy Protein. The Soy Protein Segment held the largest market share in 2021. This growth is owing to the soaring consumption of soy protein concentrates. Soybeans include all the eight amino acids necessary for the development of the human body. The minimized cholesterol content in soy and the proliferating application of soy protein in meat substitutes is further propelling the growth of the Soy Protein segment.
Furthermore, the Dairy Protein segment is estimated to grow with the fastest CAGR of 7.3% during the forecast period 2022-2027 owing to the proliferating consumption of whey protein concentrates largely attributed to its economical price and great intake in sports nutrition and the lifestyle industry in conjunction with other dairy protein constituents like casein.
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Soy & Dairy Protein Ingredients Market Segment Analysis – By Application:
The Soy & Dairy Protein Ingredients Market based on the application can be further segmented into Food And Beverage, Infant Formulation, Personal Care And Cosmetics, Others. The Food And Beverage Segment held the largest market share in 2021. This growth is owing to the heightening demand for functional foods involving soy protein concentrates in developed countries. The surging sustainability and organic health advantages of soy protein are further propelling the growth of this segment.
Furthermore, the Infant Formulation segment is estimated to grow with the fastest CAGR of 7.5% during the forecast period 2022-2027 owing to the extensive demand for whey-based infant formulas in countries like China with an expanding market for whet protein concentrates which is extensively found in dairy products like yogurt, dairy beverages, and snack bars.
Soy & Dairy Protein Ingredients Market Segment Analysis – By Geography:
The Soy & Dairy Protein Ingredients Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Soy & Dairy Protein Ingredients Market) held the largest share with 36% of the overall market in 2021. The growth of this region is owing to the soaring intake of soy protein in the U.S. endorsed by the Food And Drug Administration (FDA) on reducing coronary heart disease backed by several scientific investigations in the region. Soy Protein Concentrates (SPCs) are utilized in aquaculture feeds in the U.S. The proliferating application of soy as a fortification substance is further propelling the growth of the Soy & Dairy Protein Ingredients Market in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the soaring demand for soy protein as a meat substitute and organic health advantages of soy protein in the Asia-Pacific region. The proliferating demand for dairy proteins like whey protein concentrates attributed to its great affordability is further fuelling the progress of the Soy & Dairy Protein Ingredients Market in the Asia-Pacific region.
Soy & Dairy Protein Ingredients Market Drivers
Soaring Applications Of Soy Protein For Pet Food And Animal Feed Are Projected To Drive The Growth Of Soy & Dairy Protein Ingredients Market:
NURISH® Soy Protein Isolate and PROFINE® Soy Protein Concentrates, developed by DuPont Nutrition & Biosciences are a superior source of effortlessly digestible amino acids. They are perfect for pet food and animal feed where protein quality and nutritional value are vital. NURISH® Soy Protein Isolate provides a greatly functional, digestible source of proteins and amino acids for pet food, calf milk replaces, and piglet diets. NURISH® is a partially-hydrolyzed protein powder generated with proprietary enzymatic protein hydrolysis technology. It is specifically suitable for liquid and dry food uses where low antigenicity, effortless digestibility, and great performance are needed. The key advantages include offering great-quality protein from soy and is a partially hydrolyzed and greatly digestible protein. PROFINE® Soy Protein Concentrates are dry, powdered, or granular soy protein concentrates that offer both nutritional and functional advantages in companion animal foods, calf milk replacers, young animal feed (like feed for piglets), and aquaculture diets. PROFINE® Concentrates are nearly 70% protein (dry basis) and are greatly digestible with low antigenicity. The key advantages include offering great quality protein from soy and is a greatly digestible protein. The soaring applications of soy protein for pet food and animal feed are therefore fuelling the growth of the Soy & Dairy Protein Ingredients Market during the forecast period 2022-2027.
Surging Innovations In Dairy Protein In Functional Foods Are Expected To Boost The Demand Of Soy & Dairy Protein Ingredients Market:
Apart from soy protein concentrates, innovations in dairy protein in functional foods are estimated to fuel the growth of the Soy & Dairy Protein Ingredients Market. Milk protein concentrate (MPC) and milk protein isolate (MPI) are generated by Idaho Milk Products. The constituents include the identical 80% casein and 20% whey protein ratios as discovered in milk, just in a concentrated dried form. Higher protein dairy foods, involving yogurt and ice cream and snack chips, muffins, and pasta are thought to be trending. Nightfood Inc., Tarrytown, NY, utilizes milk protein concentrates in its branded sleep-friendly ice creams. This doubles the concentration of the amino acid tryptophan, which helps in the generation of serotonin, a neurotransmitter that as per numerous researchers, is connected to restraining anxiety and depression, and assisting with sleep. The surging innovations in dairy protein in functional foods are therefore driving the growth of the Soy & Dairy Protein Ingredients Market during the forecast period 2022-2027.
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Soy & Dairy Protein Ingredients Market Challenges
Limitations Of Soy Protein And Consuming Milk Are Hampering The Growth Of The Soy & Dairy Protein Ingredients Market:
Soy protein may bring about a lack of minerals. Soy products possess certain anti-nutrient contents, and intake of massive quantities of soy products as the principal protein source may bring about numerous mineral deficiencies. Soy includes soaring levels of phytates, which have the capability to shape insoluble complexes with iron, zinc, calcium, and additional nutrients. These can hamper the nutrients’ absorption by the body. Soy products include phytic acid, an organic plant substance responsible for obstructing calcium and some additional valuable minerals from being absorbed by the body. It only means that excess intake of soy products can cause damaging consequences in the body. Milk has two types of proteins, whey protein, and casein. At times, milk may possess a few harmful casein components that may amplify the danger of heart ailment and autism. Some children may be susceptible to casein in milk that will direct serious response. These issues are thus hampering the growth of the Soy & Dairy Protein Ingredients Market.
Soy & Dairy Protein Ingredients Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D Activities are key strategies adopted by players in the Soy & Dairy Protein Ingredients Market. Key companies of this market are:
Archer Daniels Midland Company (U.S.)DuPont (U.S.)Cargill Incorporated (U.S.)Wilmar International Limited (Singapore)The Nisshin OilliO Group, Ltd (Japan)CHS Inc. (U.S.)Devansoy Inc. (US)Ag Processing Inc. (U.S.)Ruchi Soya Industries LimitedNatural Products, Inc. (U.S.)
Recent Developments
In December 2021, DuPont Water & Protection declared that it is making a charitable contribution as a portion of a donor partnership with the National Fallen Firefighters Foundation (NFFF) to back the foundation’s continued endeavors to honor fallen firefighters and offer resources to their families. Presently by way of the end of 2022, DuPont Water & Protection will give away a part of its proceeds up to $100,000 to NFFF for each thermal liner created with Nomex® Nano and each particulate guarding hood created with Nomex® Nano Flex sold in the U.S. and Canada by authorized licensees. DuPont is dedicated to consistently innovating its products to provide firefighters with the most progressive, state-of-the-art FR guardianship.
In November 2021, ADM declared a vital expansion of its broad portfolio of health and wellness products and solutions with an agreement to buy U.S.-based Deerland Probiotics & Enzymes. Deerland Probiotics & Enzymes is a trustworthy international provider of probiotic and dietary supplements utilizing probiotic, prebiotic, and enzyme technology, inclusive of 12 branded product lines serving customers in areas inclusive of digestive health, immune health, women’s health, food intolerance, sports nutrition, cellular repair, and systemic and cardiovascular health. The firm’s products and solutions are inclusive of spore probiotics, which provide improved stability for a more extensive application in food and beverage, pet nutrition, and supplement use.
In October 2021, DuPont declared that it is introducing Kalrez® OG193 perfluoro elastomers, a 95 durometer, FFKM compound that displays a superior equilibrium of characteristics for oil and gas uses. Kalrez® OG193 integrates best-in-class Rapid Gas Decompression (RGD) performance and chemical resistance with good low temperature and thermal stability. It passes the acceptance criteria for multiphase sour aging as per ISO23936-2 and achieves the greatest rating at the Rapid Gas decompression test.
Key Takeaways
Geographically, North America (Soy & Dairy Protein Ingredients) Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring awareness about the health advantages of protein including protein concentrates and the surging inclination of consumers towards plant-based constituents and animal-based protein in the North American region.
Soy & Dairy Protein Ingredients Market growth is being driven by the powerful scientific proof backing the health advantages and continuous research by scientists indicating that protein constituents including protein concentrates are the superior source to maintain the fitness of the body. However, the side-effects of consuming soy like possible exposure to carcinogens, incessant inflammation, itchy throat, lack of minerals, and obstructing protein digestion in conjunction with side-effects of consuming dairy like adult acne, headaches, heightened or minimized inflammation, nasal congestion, intestinal distress, less-itchy skin, and mood swings are one of the major factors hampering the growth of Soy & Dairy Protein Ingredients Market.
Soy & Dairy Protein Ingredients Market Detailed Analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Soy & Dairy Protein Ingredients Market report.
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