Europe Soy Protein Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.25 Billion |
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Market Size (2029) | USD 2.72 Billion |
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Largest Share by End User | Animal Feed |
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CAGR (2024 - 2029) | 3.87 % |
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Largest Share by Country | Russia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Soy Protein Market Analysis
The Europe Soy Protein Market size is estimated at 2.25 billion USD in 2024, and is expected to reach 2.72 billion USD by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).
2.25 Billion
Market Size in 2024 (USD)
2.72 Billion
Market Size in 2029 (USD)
3.53 %
CAGR (2017-2023)
3.87 %
CAGR (2024-2029)
Largest Market by Form
44.54 %
value share, Concentrates, 2023
Constant research and innovations, mainly in animal feed, support the application of soy protein concentrates, projected to drive the segment.
Largest Market by End User
51.66 %
value share, Animal Feed, 2023
Soy protein is widely used in the region's animal feed sector due to its distinct benefits like protein digestibility, apt amino acid profile, extended shelf life, etc.
Fastest Growing Market by Form
4.10 %
Projected CAGR, Textured/Hydrolyzed, 2024-2029
Increasing use of hydrolyzed soy protein in the animal feed and food and beverage industry due to its functional and nutritional benefits is estimated to drive the segment growth.
Fastest Growing Market by End User
8.12 %
Projected CAGR, Supplements, 2024-2029
The rising consumer focus on health and sports fitness is anticipated to drive the segment. Among all, soy preference in the sector propels segmental growth.
Leading Market Player
13.59 %
market share, Archer Daniels Midland Company, 2021
Archer Daniels Midland aims to boost its soy protein offerings for the burgeoning meat alternatives market by launching a new line of soy proteins.
The suitability of soy-protein due to its easier digestibility factor dominated it's application mainly in animal feed sector, thereby resulting in the higher market share of animal feed segment
- Soy protein is projected to register a CAGR of 2.65% by value during the forecast period in the animal feed industry. The EU imports 18.5 million tonnes of soybean meal every year, of which 95% goes toward feeding animals. The soy protein demand in animal feed witnessed a major push due to government initiatives and manufacturers' increased competitiveness. For instance, the Protein Plan announced by the European Federation of the Compound Feed Industry (FEFAC) boosted the demand for plant proteins significantly in the animal feed industry, including soy protein.
- The F&B industry is another key end-user segment, primarily driven by the surging demand in the RTE/RTC foods sub-segment. Thus, the segment is projected to witness the fastest CAGR of 8.99% by value. In Europe, the flexitarian population has doubled from 1.3 million to around 2.6 million, representing 3.2% of the population in 2020. Vegetarians, pescatarians, and flexitarians, the group in total, represented about 30.9% of the population in 2020. Soy protein also serves as an alternative to animal-derived meals and provides numerous functionalities like high digestibility, a great amino acid profile, a low level of anti-nutritional factors, and long shelf life.
- Soy protein holds a significant share of the supplements market. It is projected to register a growth of 6.19% by value during the forecast period. Soy protein has the properties of lowering cholesterol levels and its high nutritional fiber content. In 2021, there were about 2.5 million Europeans affected with hypercholesterolemia. The market for soy protein witnessed an increase in demand due to the rising nutritional values and health benefits in the supplements market.
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Russia dominated the market, majorly driven by the country's large consumer base and high demand from the F&B segment
- The market witnessed a three-fold Y-o-Y growth rate of 8%, by value, in 2020. Owing to the COVID-19 impact, due to the increased prices of raw materials in the country. In 2020, despite measures taken by the Russian government through the introduction of export customs duty on soybeans, the selling prices of soybeans increased in the Central Federal District, which led to increased soy protein prices. Therefore, the price of SPI increased by 0.21% in 2020, compared to the 0.16% average growth rate of price over the previous four years.
- France is projected to be the fastest-growing country in terms of value, with a CAGR of 5.14% during the forecast period. The country has planned to raise the sowing area for protein-rich crops, especially soy, by 40% from 2022 and double it over the next ten years, reducing soy protein prices and further boosting its sales. Moreover, AFNOR (Association Française de Normalization) has introduced the standard that soy juices sold domestically are made from a minimum of 3.2 g of soy protein per 100 ml and have no trace of dairy products, creating opportunities for manufacturers.
- In 2022, Russia remained the largest soy protein consumer in the region, which is further projected to register a CAGR of 4.29% during the forecast period. The demand was majorly driven by the country's large consumer base and high demand from the F&B segment, accounting for a 44.35% volume share in 2020. The demand for soy products is expected to increase exponentially in the future, as most consumers perceive soybeans as a cheap and healthy substitute for animal protein.
Europe Soy Protein Market Trends
Plant protein consumption growth fuels opportunities for key players in the ingredients sector
- The graph given depicts the per capita consumption of plant protein in all the countries of Europe. The market is majorly driven by consumers shifting toward vegan diets. The functional efficiency and cost competitiveness offered by reliable plant protein products which is leading to their increasing utilization in a wide variety of processed foods. Plant protein from soy is considered healthy for all age groups and helps keep the body fit. Plant-based protein alternatives are being widely used in the food and beverage industry in food supplements.
- The region has untapped potential among consumers willing to switch their diets to plant-based protein sources. For instance, within four years, the number of vegans doubled from 1.3 million in 2016 to 2.6 million in 2020. However, the market faces challenges, such as a lack of innovation and restrictions on public policy. There are still a few aspects holding back Italian consumers from making the shift, such as the possible presence of GMOs, doubts over the origin of raw materials used in the product's composition, and the possible use of herbicides on crops.
- Plant protein enhances food items' nutritional and functional values and provides good taste. The market has observed an increase of around 45-50% in the consumption of plant-based food across the region. For instance, Bolthouse Farms expanded its beverage range with the "1915 Organic" brand line, which includes cold-pressed juices and vegan protein shakes. Also, protein manufacturers are trying to initiate strategic programs, impacting to improvement of consumption of plant protein sources such as soy protein in the region. For instance, Donau Soja developed a Protein Strategy for Europe in 2023, which impacts the availability of soybeans in the region.
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Decline in soy production expected to impact prices in Europe
- Europe consumed about 12% of the global soybean production in 2017. In 2021, nearly 10 MMT of soybean was produced in the region, of which 80% accounted for animal feed usage. It mainly imports soy meal and cake to be used as animal feed. Many European countries are essential trans-shipment hubs, implying that a portion of their imports is re-exported as beans or processed and then exported as soy meal and oil. In July 2018, China imposed a 25% tariff on imports from the United States, including soybeans. The resulting US surplus was then exported to other countries in Latin America and Europe.
- The consumption of soy that complies with the FEFAC Sourcing Guidelines increased from 42.2% in 2019 to 43.8% in 2020. In the same time frame, the proportion of certified conversion-free soy climbed marginally from 25.3% to 25.9%. The region also has a recognizable demand for non-GM soybeans. Despite the growing demand for non-GM soybeans from European countries, there is a growing demand for VSS-compliant soybeans in China, given the country’s role as the world’s largest soybean consumer, accounting for 66.1% of the global total in 2016.
- There is a shift in the consumers’ preferences in Europe, as they are adding plant-based protein products to their diets that act as meat substitutes, owing to the increasing concerns by governments about the environmental and health impacts of producing and consuming animal meat. This factor substantially benefits the consumption of soybean-based products in the region, including tofu, soybean-based dairy substitutes, and processed plant-based meat products. There is an increase in the sales of plant-based food and drink products from EUR 2.4 billion in 2018 to EUR 3.6 billion in 2020, i.e., an increase of 49%.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Market maturation and declining birth rates are accountable for the slow growth rate
- Healthy trends in beverages impacting market growth
- Consumers' preferences shift to premium condiments and sauces, away from packaged soups
- Dairy alternatives to witness significant growth rate
- Innovation in product formulations has greater scope in the market
- Healthier snacking is likely to impel the market
- Increased meat production to push the market growth
- Strong hold of the retail sector is supporting market growth
- Sustainable and innovative packaging trends to influence breakfast cereals market
- Innovation in chocolates driving the sales
- The growing demand for nutrition-specific diets may drive the market demand
- Single-head households to drive the RTE/RTC market
- The expanding consumer base may benefit the sports supplements market
- Natural and organic products are taking over the market
Europe Soy Protein Industry Overview
The Europe Soy Protein Market is fragmented, with the top five companies occupying 25.76%. The major players in this market are Archer Daniels Midland Company, CHS Inc., International Flavors & Fragrances Inc., Kerry Group PLC and The Scoular Company (sorted alphabetically).
Europe Soy Protein Market Leaders
Archer Daniels Midland Company
CHS Inc.
International Flavors & Fragrances Inc.
Kerry Group PLC
The Scoular Company
Other important companies include A. Costantino & C. SpA, Fuji Oil Group, Wilmar International Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Soy Protein Market News
- March 2021: Fuji Oil Group appointed Mikio Sakai as the new president and CEO. Mikio Sakai is engaged in developing Plant-based Food Solutions as a core concept to grow a third business pillar, along with the Oil and Fat and Chocolate businesses. Plant-based Food Solutions include soy meat and soybeans, which are used as raw materials for plant-based protein.
- July 2020: DuPont Nutrition & Biosciences (DuPont), a subsidiary of IFF, offers the industry's broadest assortment of ingredients for plant-based product development with the new Danisco Planit range. Danisco Planit is a global launch that includes services, expertise, and an unparalleled ingredient portfolio for plant-based food and beverages, including plant proteins, hydrocolloids, cultures, probiotics, fibers, food protection, antioxidants, natural extracts, emulsifiers, and enzymes, as well as tailor-made systems.
- July 2019: Fuji Oil Holdings Inc. established a new subsidiary named Fuji Brandenburg GmbH in Germany as part of its aim to provide high-value, function-enhancing food ingredients to the global food industry. Fuji Brandenburg GmbH is currently involved in the production of soy-based ingredients in all of Europe.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the protein industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption of animal and plant protein, end-user market volume, and production data of raw materials for protein ingredients, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on protein sources, protein types, forms, end-user segments, etc., are available in the form of comprehensive reports as well as Excel-based data worksheets.
Europe Soy Protein Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
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3.1 End User Market Volume
- 3.1.1 Baby Food and Infant Formula
- 3.1.2 Bakery
- 3.1.3 Beverages
- 3.1.4 Breakfast Cereals
- 3.1.5 Condiments/Sauces
- 3.1.6 Confectionery
- 3.1.7 Dairy and Dairy Alternative Products
- 3.1.8 Elderly Nutrition and Medical Nutrition
- 3.1.9 Meat/Poultry/Seafood and Meat Alternative Products
- 3.1.10 RTE/RTC Food Products
- 3.1.11 Snacks
- 3.1.12 Sport/Performance Nutrition
- 3.1.13 Animal Feed
- 3.1.14 Personal Care and Cosmetics
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3.2 Protein Consumption Trends
- 3.2.1 Plant
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3.3 Production Trends
- 3.3.1 Plant
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3.4 Regulatory Framework
- 3.4.1 France
- 3.4.2 Germany
- 3.4.3 Italy
- 3.4.4 United Kingdom
- 3.5 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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4.1 Form
- 4.1.1 Concentrates
- 4.1.2 Isolates
- 4.1.3 Textured/Hydrolyzed
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4.2 End User
- 4.2.1 Animal Feed
- 4.2.2 Food and Beverages
- 4.2.2.1 By Sub End User
- 4.2.2.1.1 Bakery
- 4.2.2.1.2 Beverages
- 4.2.2.1.3 Breakfast Cereals
- 4.2.2.1.4 Condiments/Sauces
- 4.2.2.1.5 Dairy and Dairy Alternative Products
- 4.2.2.1.6 Meat/Poultry/Seafood and Meat Alternative Products
- 4.2.2.1.7 RTE/RTC Food Products
- 4.2.2.1.8 Snacks
- 4.2.3 Personal Care and Cosmetics
- 4.2.4 Supplements
- 4.2.4.1 By Sub End User
- 4.2.4.1.1 Baby Food and Infant Formula
- 4.2.4.1.2 Elderly Nutrition and Medical Nutrition
- 4.2.4.1.3 Sport/Performance Nutrition
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4.3 Country
- 4.3.1 Belgium
- 4.3.2 France
- 4.3.3 Germany
- 4.3.4 Italy
- 4.3.5 Netherlands
- 4.3.6 Russia
- 4.3.7 Spain
- 4.3.8 Turkey
- 4.3.9 United Kingdom
- 4.3.10 Rest of Europe
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
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5.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 5.4.1 A. Costantino & C. SpA
- 5.4.2 Archer Daniels Midland Company
- 5.4.3 CHS Inc.
- 5.4.4 Fuji Oil Group
- 5.4.5 International Flavors & Fragrances Inc.
- 5.4.6 Kerry Group PLC
- 5.4.7 The Scoular Company
- 5.4.8 Wilmar International Ltd
6. KEY STRATEGIC QUESTIONS FOR PROTEIN INGREDIENTS INDUSTRY CEOS
7. APPENDIX
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7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF BABY FOOD AND INFANT FORMULA MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 2:
- VOLUME OF BAKERY MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 3:
- VOLUME OF BEVERAGES MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 4:
- VOLUME OF BREAKFAST CEREALS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 5:
- VOLUME OF CONDIMENTS/SAUCES MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 6:
- VOLUME OF CONFECTIONERY MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 7:
- VOLUME OF DAIRY AND DAIRY ALTERNATIVE PRODUCTS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 8:
- VOLUME OF ELDERLY NUTRITION AND MEDICAL NUTRITION MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 9:
- VOLUME OF MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 10:
- VOLUME OF RTE/RTC FOOD PRODUCTS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 11:
- VOLUME OF SNACKS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 12:
- VOLUME OF SPORT/PERFORMANCE NUTRITION MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 13:
- VOLUME OF ANIMAL FEED MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 14:
- VOLUME OF PERSONAL CARE AND COSMETICS MARKET, METRIC TON, EUROPE, 2017 - 2029
- Figure 15:
- AVERAGE PER CAPITA CONSUMPTION OF PLANT PROTEIN, GRAM PER DAY, EUROPE, 2017 - 2029
- Figure 16:
- SOYBEAN PRODUCTION, METRIC TON, EUROPE, 2017 - 2022
- Figure 17:
- VOLUME OF SOY PROTEIN MARKET, TONNES, EUROPE, 2017 - 2029
- Figure 18:
- VALUE OF SOY PROTEIN MARKET, USD, EUROPE, 2017 - 2029
- Figure 19:
- VOLUME OF SOY PROTEIN MARKET BY FORM, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 20:
- VALUE OF SOY PROTEIN MARKET BY FORM, USD, EUROPE, 2017 - 2029
- Figure 21:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 22:
- VOLUME SHARE OF SOY PROTEIN MARKET BY FORM, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 23:
- VOLUME OF SOY PROTEIN MARKET, CONCENTRATES, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 24:
- VALUE OF SOY PROTEIN MARKET, CONCENTRATES, USD, EUROPE, 2017 - 2029
- Figure 25:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % CONCENTRATES , EUROPE, 2022 VS 2029
- Figure 26:
- VOLUME OF SOY PROTEIN MARKET, ISOLATES, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 27:
- VALUE OF SOY PROTEIN MARKET, ISOLATES, USD, EUROPE, 2017 - 2029
- Figure 28:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % ISOLATES , EUROPE, 2022 VS 2029
- Figure 29:
- VOLUME OF SOY PROTEIN MARKET, TEXTURED/HYDROLYZED, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 30:
- VALUE OF SOY PROTEIN MARKET, TEXTURED/HYDROLYZED, USD, EUROPE, 2017 - 2029
- Figure 31:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % TEXTURED/HYDROLYZED , EUROPE, 2022 VS 2029
- Figure 32:
- VOLUME OF SOY PROTEIN MARKET BY END USER, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 33:
- VALUE OF SOY PROTEIN MARKET BY END USER, USD, EUROPE, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 35:
- VOLUME SHARE OF SOY PROTEIN MARKET BY END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 36:
- VOLUME OF SOY PROTEIN MARKET, ANIMAL FEED, EUROPE, 2017 - 2029
- Figure 37:
- VALUE OF SOY PROTEIN MARKET, ANIMAL FEED, EUROPE, 2017 - 2029
- Figure 38:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % ANIMAL FEED , EUROPE, 2022 VS 2029
- Figure 39:
- VOLUME OF SOY PROTEIN MARKET, FOOD AND BEVERAGES END USER, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 40:
- VALUE OF SOY PROTEIN MARKET, FOOD AND BEVERAGES END USER, USD, EUROPE, 2017 - 2029
- Figure 41:
- VALUE SHARE OF SOY PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 42:
- VOLUME SHARE OF SOY PROTEIN MARKET BY FOOD AND BEVERAGES END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 43:
- VOLUME OF SOY PROTEIN MARKET, BAKERY, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 44:
- VALUE OF SOY PROTEIN MARKET, BAKERY, USD, EUROPE, 2017 - 2029
- Figure 45:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % BAKERY , EUROPE, 2022 VS 2029
- Figure 46:
- VOLUME OF SOY PROTEIN MARKET, BEVERAGES, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 47:
- VALUE OF SOY PROTEIN MARKET, BEVERAGES, USD, EUROPE, 2017 - 2029
- Figure 48:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % BEVERAGES , EUROPE, 2022 VS 2029
- Figure 49:
- VOLUME OF SOY PROTEIN MARKET, BREAKFAST CEREALS, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 50:
- VALUE OF SOY PROTEIN MARKET, BREAKFAST CEREALS, USD, EUROPE, 2017 - 2029
- Figure 51:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % BREAKFAST CEREALS , EUROPE, 2022 VS 2029
- Figure 52:
- VOLUME OF SOY PROTEIN MARKET, CONDIMENTS/SAUCES, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 53:
- VALUE OF SOY PROTEIN MARKET, CONDIMENTS/SAUCES, USD, EUROPE, 2017 - 2029
- Figure 54:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % CONDIMENTS/SAUCES , EUROPE, 2022 VS 2029
- Figure 55:
- VOLUME OF SOY PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 56:
- VALUE OF SOY PROTEIN MARKET, DAIRY AND DAIRY ALTERNATIVE PRODUCTS, USD, EUROPE, 2017 - 2029
- Figure 57:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % DAIRY AND DAIRY ALTERNATIVE PRODUCTS , EUROPE, 2022 VS 2029
- Figure 58:
- VOLUME OF SOY PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 59:
- VALUE OF SOY PROTEIN MARKET, MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS, USD, EUROPE, 2017 - 2029
- Figure 60:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % MEAT/POULTRY/SEAFOOD AND MEAT ALTERNATIVE PRODUCTS , EUROPE, 2022 VS 2029
- Figure 61:
- VOLUME OF SOY PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 62:
- VALUE OF SOY PROTEIN MARKET, RTE/RTC FOOD PRODUCTS, USD, EUROPE, 2017 - 2029
- Figure 63:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % RTE/RTC FOOD PRODUCTS , EUROPE, 2022 VS 2029
- Figure 64:
- VOLUME OF SOY PROTEIN MARKET, SNACKS, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 65:
- VALUE OF SOY PROTEIN MARKET, SNACKS, USD, EUROPE, 2017 - 2029
- Figure 66:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % SNACKS , EUROPE, 2022 VS 2029
- Figure 67:
- VOLUME OF SOY PROTEIN MARKET, PERSONAL CARE AND COSMETICS, EUROPE, 2017 - 2029
- Figure 68:
- VALUE OF SOY PROTEIN MARKET, PERSONAL CARE AND COSMETICS, EUROPE, 2017 - 2029
- Figure 69:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % PERSONAL CARE AND COSMETICS , EUROPE, 2022 VS 2029
- Figure 70:
- VOLUME OF SOY PROTEIN MARKET, SUPPLEMENTS END USER, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 71:
- VALUE OF SOY PROTEIN MARKET, SUPPLEMENTS END USER, USD, EUROPE, 2017 - 2029
- Figure 72:
- VALUE SHARE OF SOY PROTEIN MARKET BY SUPPLEMENTS END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 73:
- VOLUME SHARE OF SOY PROTEIN MARKET BY SUPPLEMENTS END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 74:
- VOLUME OF SOY PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 75:
- VALUE OF SOY PROTEIN MARKET, BABY FOOD AND INFANT FORMULA, USD, EUROPE, 2017 - 2029
- Figure 76:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % BABY FOOD AND INFANT FORMULA , EUROPE, 2022 VS 2029
- Figure 77:
- VOLUME OF SOY PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 78:
- VALUE OF SOY PROTEIN MARKET, ELDERLY NUTRITION AND MEDICAL NUTRITION, USD, EUROPE, 2017 - 2029
- Figure 79:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % ELDERLY NUTRITION AND MEDICAL NUTRITION , EUROPE, 2022 VS 2029
- Figure 80:
- VOLUME OF SOY PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 81:
- VALUE OF SOY PROTEIN MARKET, SPORT/PERFORMANCE NUTRITION, USD, EUROPE, 2017 - 2029
- Figure 82:
- VALUE SHARE OF SOY PROTEIN MARKET BY FORM, % SPORT/PERFORMANCE NUTRITION , EUROPE, 2022 VS 2029
- Figure 83:
- VOLUME OF SOY PROTEIN MARKET BY COUNTRY, METRIC TONNES, EUROPE, 2017 - 2029
- Figure 84:
- VALUE OF SOY PROTEIN MARKET BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 85:
- VALUE SHARE OF SOY PROTEIN MARKET BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 86:
- VOLUME SHARE OF SOY PROTEIN MARKET BY COUNTRY, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 87:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, BELGIUM, 2017 - 2029
- Figure 88:
- VALUE OF SOY PROTEIN MARKET, USD, BELGIUM, 2017 - 2029
- Figure 89:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , BELGIUM, 2022 VS 2029
- Figure 90:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, FRANCE, 2017 - 2029
- Figure 91:
- VALUE OF SOY PROTEIN MARKET, USD, FRANCE, 2017 - 2029
- Figure 92:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , FRANCE, 2022 VS 2029
- Figure 93:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, GERMANY, 2017 - 2029
- Figure 94:
- VALUE OF SOY PROTEIN MARKET, USD, GERMANY, 2017 - 2029
- Figure 95:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , GERMANY, 2022 VS 2029
- Figure 96:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, ITALY, 2017 - 2029
- Figure 97:
- VALUE OF SOY PROTEIN MARKET, USD, ITALY, 2017 - 2029
- Figure 98:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , ITALY, 2022 VS 2029
- Figure 99:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, NETHERLANDS, 2017 - 2029
- Figure 100:
- VALUE OF SOY PROTEIN MARKET, USD, NETHERLANDS, 2017 - 2029
- Figure 101:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , NETHERLANDS, 2022 VS 2029
- Figure 102:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, RUSSIA, 2017 - 2029
- Figure 103:
- VALUE OF SOY PROTEIN MARKET, USD, RUSSIA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , RUSSIA, 2022 VS 2029
- Figure 105:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, SPAIN, 2017 - 2029
- Figure 106:
- VALUE OF SOY PROTEIN MARKET, USD, SPAIN, 2017 - 2029
- Figure 107:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , SPAIN, 2022 VS 2029
- Figure 108:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, TURKEY, 2017 - 2029
- Figure 109:
- VALUE OF SOY PROTEIN MARKET, USD, TURKEY, 2017 - 2029
- Figure 110:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , TURKEY, 2022 VS 2029
- Figure 111:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, UNITED KINGDOM, 2017 - 2029
- Figure 112:
- VALUE OF SOY PROTEIN MARKET, USD, UNITED KINGDOM, 2017 - 2029
- Figure 113:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , UNITED KINGDOM, 2022 VS 2029
- Figure 114:
- VOLUME OF SOY PROTEIN MARKET, METRIC TONNES, REST OF EUROPE, 2017 - 2029
- Figure 115:
- VALUE OF SOY PROTEIN MARKET, USD, REST OF EUROPE, 2017 - 2029
- Figure 116:
- VALUE SHARE OF SOY PROTEIN MARKET BY END USER, % , REST OF EUROPE, 2022 VS 2029
- Figure 117:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, EUROPE SOY PROTEIN MARKET, 2017 - 2022
- Figure 118:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2017 - 2022
- Figure 119:
- VALUE SHARE OF MAJOR PLAYERS, %, EUROPE SOY PROTEIN MARKET, 2021
Europe Soy Protein Industry Segmentation
Concentrates, Isolates, Textured/Hydrolyzed are covered as segments by Form. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Turkey, United Kingdom are covered as segments by Country.
- Soy protein is projected to register a CAGR of 2.65% by value during the forecast period in the animal feed industry. The EU imports 18.5 million tonnes of soybean meal every year, of which 95% goes toward feeding animals. The soy protein demand in animal feed witnessed a major push due to government initiatives and manufacturers' increased competitiveness. For instance, the Protein Plan announced by the European Federation of the Compound Feed Industry (FEFAC) boosted the demand for plant proteins significantly in the animal feed industry, including soy protein.
- The F&B industry is another key end-user segment, primarily driven by the surging demand in the RTE/RTC foods sub-segment. Thus, the segment is projected to witness the fastest CAGR of 8.99% by value. In Europe, the flexitarian population has doubled from 1.3 million to around 2.6 million, representing 3.2% of the population in 2020. Vegetarians, pescatarians, and flexitarians, the group in total, represented about 30.9% of the population in 2020. Soy protein also serves as an alternative to animal-derived meals and provides numerous functionalities like high digestibility, a great amino acid profile, a low level of anti-nutritional factors, and long shelf life.
- Soy protein holds a significant share of the supplements market. It is projected to register a growth of 6.19% by value during the forecast period. Soy protein has the properties of lowering cholesterol levels and its high nutritional fiber content. In 2021, there were about 2.5 million Europeans affected with hypercholesterolemia. The market for soy protein witnessed an increase in demand due to the rising nutritional values and health benefits in the supplements market.
| Form | Concentrates | ||
| Isolates | |||
| Textured/Hydrolyzed | |||
| End User | Animal Feed | ||
| Food and Beverages | By Sub End User | Bakery | |
| Beverages | |||
| Breakfast Cereals | |||
| Condiments/Sauces | |||
| Dairy and Dairy Alternative Products | |||
| Meat/Poultry/Seafood and Meat Alternative Products | |||
| RTE/RTC Food Products | |||
| Snacks | |||
| Personal Care and Cosmetics | |||
| Supplements | By Sub End User | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | |||
| Sport/Performance Nutrition | |||
| Country | Belgium | ||
| France | |||
| Germany | |||
| Italy | |||
| Netherlands | |||
| Russia | |||
| Spain | |||
| Turkey | |||
| United Kingdom | |||
| Rest of Europe |
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Market Definition
- End User - The Protein Ingredients Market operates on a B2B basis. Food, Beverages, Supplements, Animal Feed, and Personal Care & Cosmetic manufacturers are considered to be end-consumers in the market studied. The scope excludes manufacturers buying liquid/dry whey to be used for application as a binding agent or thickener or other non-protein applications.
- Penetration Rate - Penetration Rate is defined as the percentage of Protein-Fortified End User Market Volume in the Overall End User Market Volume.
- Average Protein Content - Average protein content is the average protein content present per 100 g of product manufactured by all end-user companies considered under the scope of this report.
- End User Market Volume - End-user market volume is the consolidated volume of all types and forms of end-user products in the country or region.
| Keyword | Definition |
|---|---|
| Alpha-lactalbumin (α-Lactalbumin) | It is a protein that regulates the production of lactose in the milk of almost all mammalian species. |
| Amino acid | It is an organic compound that contains both amino and carboxylic acid functional groups, which are required for the synthesis of body protein and other important nitrogen-containing compounds, such as creatine, peptide hormones, and some neurotransmitters. |
| Blanching | It is the process of briefly heating vegetables with steam or boiling water. |
| BRC | British Retail Consortium |
| Bread improver | It is a flour-based blend of several components with specific functional properties designed to modify dough characteristics and give quality attributes to bread. |
| BSF | Black Soldier Fly |
| Caseinate | It is a substance produced by adding an alkali to acid casein, a derivative of casein. |
| Celiac disease | Celiac disease is an immune reaction to eating gluten, a protein found in wheat, barley, and rye. |
| Colostrum | It is a milky fluid that’s released by mammals that have recently given birth before breast milk production begins. |
| Concentrate | It is the least processed form of protein and has a protein content ranging from 40-90% by weight. |
| Dry protein basis | It refers to the percentage of "pure protein" present in a supplement after the water in it is completely removed through heat. |
| Dry whey | It is the product resulting from drying fresh whey which has been pasteurized and to which nothing has been added as a preservative. |
| Egg protein | It is a mixture of individual proteins, including ovalbumin, ovomucoid, ovoglobulin, conalbumin, vitellin, and vitellenin. |
| Emulsifier | It is a food additive that facilitates the blending of foods that are immiscible with one another, such as oil and water. |
| Enrichment | It is the process of addition of micronutrients that are lost during the processing of the product. |
| ERS | Economic Research Service of the USDA |
| Extrusion | It is the process of forcing soft mixed ingredients through an opening in a perforated plate or die designed to produce the required shape. The extruded food is then cut to a specific size by blades. |
| Fava | Also known as Faba, it is another word for yellow split beans. |
| FDA | Food and Drug Administration |
| Flaking | It is a process in which typically a cereal grain (like corn, wheat, or rice) is broken down into grits, cooked with flavors and syrups, and then pressed into flakes between cooled rollers. |
| Foaming agent | It is a food ingredient that makes it possible to form or maintain a uniform dispersion of a gaseous phase in a liquid or solid food. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Fortification | It is the deliberate addition of micronutrients that are not found in them naturally or which are lost during processing, to improve a food product's nutritional value. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gelling agent | It is an ingredient that functions as a stabilizer and thickener to provide thickening without stiffness through the formation of gel. |
| GHG | Greenhouse Gas |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
| Hemp | It is a botanical class of Cannabis sativa cultivars grown specifically for industrial or medicinal use. |
| Hydrolysate | It is a form of protein manufactured by exposing the protein to enzymes that can partially break the bonds between the protein's amino acids and break down large, complicated proteins into smaller pieces. Its processing makes it easier and quicker to digest. |
| Hypoallergenic | It refers to a substance that causes fewer allergic reactions. |
| Isolate | It is the purest and most processed form of protein which has undergone separation to obtain a pure protein fraction. It typically contains ≥ 90% of protein by weight. |
| Keratin | It is a protein that helps form hair, nails, and the outer layer of skin. |
| Lactalbumin | It is the albumin contained in milk and obtained from whey. |
| Lactoferrin | It is an iron‑binding glycoprotein that is present in the milk of most mammals. |
| Lupin | It is the yellow legume seeds of the genus Lupinus. |
| Millenial | Also known as Generation Y or Gen Y, it refers to the people born from 1981 to 1996. |
| Monogastric | It refers to an animal with a single-compartmented stomach. Examples of monogastric include humans, poultry, pigs, horses, rabbits, dogs, and cats. Most monogastric are generally unable to digest much cellulose food materials such as grasses. |
| MPC | Milk protein concentrate |
| MPI | Milk protein isolate |
| MSPI | Methylated soy protein isolate |
| Mycoprotein | Mycoprotein is a form of single-cell protein, also known as fungal protein, derived from fungi for human consumption. |
| Nutricosmetics | It is a category of products and ingredients that act as nutritional supplements to care for skin, nails, and hair natural beauty. |
| Osteoporosis | It is a medical condition in which the bones become brittle and fragile from loss of tissue, typically as a result of hormonal changes, or deficiency of calcium or vitamin D. |
| PDCAAS | Protein digestibility-corrected amino acid score (PDCAAS) is a method of evaluating the quality of a protein based on both the amino acid requirements of humans and their ability to digest it. |
| Per-capita consumption of animal protein | It is the average amount of animal protein (such as milk, whey, gelatin, collagen, and egg proteins) that is readily available for consumption by each person in an actual population. |
| Per-capita consumption of plant protein | It is the average amount of plant protein (such as soy, wheat, pea, oat, and hemp proteins) that is readily available for consumption by each person in an actual population. |
| Quorn | It is a microbial protein manufactured using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten. |
| RTD | Ready-to-Drink |
| RTS | Ready-to-Serve |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Softgel | It is a gelatin-based capsule with a liquid fill. |
| SPC | Soy protein concentrate |
| SPI | Soy protein isolate |
| Spirulina | It is a biomass of cyanobacteria that can be consumed by humans and animals. |
| Stabilizer | It is an ingredient added to food products to help maintain or enhance their original texture, and physical and chemical characteristics. |
| Supplementation | It is the consumption or provision of concentrated sources of nutrients or other substances that are intended to supplement nutrients in the diet and is intended to correct nutritional deficiencies. |
| Texturant | It is a specific type of food ingredient that is used to control and alter the mouthfeel and texture of food and beverage products. |
| Thickener | It is an ingredient that is used to increase the viscosity of a liquid or dough and make it thicker, without substantially changing its other properties. |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| TSP | Textured soy protein |
| TVP | Textured vegetable protein |
| WPC | Whey protein concentrate |
| WPI | Whey protein isolate |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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