France Soy Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 234.20 Million |
| Market Size (2029) | USD 305.80 Million |
| CAGR (2024 - 2029) | 5.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Soy Protein Market Analysis
The France Soy Protein Market size is estimated at USD 234.20 million in 2024, and is expected to reach USD 305.80 million by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).
The French soy protein market is primarily influenced by increasing consumer awareness regarding the health benefits associated with soy protein, such as its high nutritional value and potential to reduce cholesterol levels. Moreover, the rising prevalence of lifestyle diseases and a growing focus on healthy eating habits are propelling market growth.
Furthermore, the wide range of product applications across different industries like food and beverages (F&B), pharmaceuticals, and food processing industries, owing to its diverse functional properties like emulsification, foaming, and gelling, are contributing to the French soy protein market’s growth.
Moreover, government initiatives and regulations are actively encouraging the nationwide adoption of plant-based proteins. France has been actively supporting sustainable protein initiatives through various government policies and funding programs aimed at developing alternative proteins. For instance, according to the Good Food Institute Europe, by 2023, France had invested significantly in research and scaling up the plant-based industry, with notable investments totaling EUR 67 million. This financial support is crucial for the advancement of innovative and sustainable protein sources such as soy protein.
France Soy Protein Market Trends
Soy Protein Concentrate Holds a Significant Market Share
Soy protein concentrate stands out as the primary plant protein variety because of its elevated protein levels, minimal viscosity, solubility, and other beneficial characteristics that suit a wide range of uses across various industries. The food and beverages segment leads the market, majorly driven by the meat and dairy alternatives sub-segments. The wider use of soy proteins in the segment is further promoting growth. Manufacturers' cost-effective preferences are also encouraging feed companies to incorporate greater protein content in animal feed.
Moreover, soy protein, mainly in the form of concentrates, is widely used in the diets of animals, birds, and fish. Its main characteristics, such as easy digestibility, improved shelf life, and protein enrichment, are driving its application in the animal feed segment. As a result, France imports a significant amount of soy to extract soy protein concentrate. For instance, according to the Observatory of Economic Complexity, in 2022, the import value of soybean meal in France amounted to USD 1.43 billion, which was a significant increase over the USD 1.05 billion recorded in 2020. Therefore, all the abovementioned factors are expected to drive the soy protein concentrates market in the country.
Growing Demand for Soy Proteins in the Supplements Industry Driving the Market
With a growing emphasis on health and wellness, consumers are increasingly turning to protein supplements. Soy protein is seen as a healthy, plant-based alternative to animal protein, appealing to those looking for cleaner and more sustainable nutrition options. Many consumers in the country are increasingly opting for plant proteins as they provide more energy and keep the body fresh for a longer time. Market players are incorporating plant proteins such as soy protein into sports nutrition products like powders and beverages. Plant proteins reduce muscle fatigue and keep the body energized for a longer time. Moreover, soy protein is recognized for its muscle-building properties. This trend is further fueled by a rising prevalence of health concerns like obesity and diabetes across France, prompting consumers to engage in sports activities.
Sports athletes and sports enthusiasts are incorporating plant proteins into their diets to remain fresh and fit for a longer time. For instance, according to the National Institute of Youth and Popular Education, men in France engage in more consistent physical activity compared to women. In 2023, over 63% of men stated that they exercised frequently. This trend has notably boosted the demand for soy protein in sports nutrition products. Market players are offering soy protein products such as isolates and concentrates to support athletes in weight management, muscle development, and overall immunity.
France Soy Protein Industry Overview
The French soy protein market is fragmented. The major players in this market are Kerry Group PLC, The Archer-Daniels-Midland Company, The Scoular Company, Bunge Limited, and Roquette Freres SA. Further, the companies have been introducing new and innovative ingredients using plant proteins with clean-label claims to make their offerings unique from the existing products in the market. Owing to the rapidly developing nature of the market, new product innovation has become the most commonly used strategy as it helps in understanding the changing needs of the various application industries in the market.
France Soy Protein Market Leaders
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Kerry Group plc
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The Archer-Daniels-Midland Company
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The Scoular Company
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Bunge Limited
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Roquette Freres SA
*Disclaimer: Major Players sorted in no particular order
France Soy Protein Market News
- May 2023: LSDH Group announced that its soy plant in France had become completely operational. The company invested EUR 32 million as part of its ambition to be a key player in the French plant-based beverage ingredients market. The plant, with a surface area of 9,000 sq. m, will offer local soy ingredients for use in plant-based yogurts, ice creams, and cheeses.
- September 2023: Caldic Ingredients Deutschland and Caldic Ingredients France announced a strategic partnership with Soy Austria. The collaboration signified the introduction of Soy Austria's comprehensive portfolio of sustainable, natural soy-based ingredients and solutions in France.
- October 2021: The Archer-Daniels-Midland Company launched new locally sourced soy and wheat proteins throughout Europe, notably in France.
France Soy Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Growing Trend and Increasing Inclination Toward Protein-rich Functional Food and Beverages
- 4.1.2 Increasing Trend for Vegan/Plant-based Proteins
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4.2 Market Restraints
- 4.2.1 Competition from Other Substitute Products
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4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. Market Segmentation
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5.1 Form
- 5.1.1 Concentrates
- 5.1.2 Isolates
- 5.1.3 Textured/Hydrolyzed
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5.2 End User
- 5.2.1 Animal Feed
- 5.2.2 Personal Care and Cosmetics
- 5.2.3 Food and Beverages
- 5.2.3.1 Bakery
- 5.2.3.2 Beverages
- 5.2.3.3 Breakfast Cereals
- 5.2.3.4 Condiments/Sauces
- 5.2.3.5 Dairy and Dairy Alternative Products
- 5.2.3.6 Meat/Poultry/Seafood and Meat Alternative Products
- 5.2.3.7 RTE/RTC Food Products
- 5.2.3.8 Snacks
- 5.2.4 Supplements
- 5.2.4.1 Baby Food and Infant Formula
- 5.2.4.2 Elderly Nutrition and Medical Nutrition
- 5.2.4.3 Sport/Performance Nutrition
6. Competitive Landscape
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Kerry Group PLC
- 6.3.2 The Archer-Daniels-Midland Company
- 6.3.3 The Scoular Company
- 6.3.4 Bunge Limited
- 6.3.5 A. Costantino & C. SpA
- 6.3.6 Roquette Freres SA
- 6.3.7 Wilmar International Ltd
- 6.3.8 DuPont de Nemours Inc.
- 6.3.9 International Flavors & Fragrances Inc.
- 6.3.10 Farbest Brands
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityFrance Soy Protein Industry Segmentation
Soy protein is a protein that is isolated from soybeans. It is made from soybean meal that has been dehulled and defatted.
The French soy protein market is segmented by form and end user. Based on form, the market is segmented into concentrates, isolates, and textured/hydrolyzed. Based on end users, the market is segmented into animal feed, personal care and cosmetics, food and beverages, and supplements. Based on food and beverages, the market is further segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, meat/poultry/seafood and meat alternative products, RTE/RTC food products, and snacks. Based on supplements, the market is further segmented into baby food and infant formula, elderly nutrition and medical nutrition, and sports/performance nutrition.
For each segment, the market sizing and forecast have been done based on value (USD).
| Form | Concentrates | |
| Isolates | ||
| Textured/Hydrolyzed | ||
| End User | Animal Feed | |
| Personal Care and Cosmetics | ||
| Food and Beverages | Bakery | |
| Beverages | ||
| Breakfast Cereals | ||
| Condiments/Sauces | ||
| Dairy and Dairy Alternative Products | ||
| Meat/Poultry/Seafood and Meat Alternative Products | ||
| RTE/RTC Food Products | ||
| Snacks | ||
| Supplements | Baby Food and Infant Formula | |
| Elderly Nutrition and Medical Nutrition | ||
| Sport/Performance Nutrition |
France Soy Protein Market Research FAQs
How big is the France Soy Protein Market?
The France Soy Protein Market size is expected to reach USD 234.20 million in 2024 and grow at a CAGR of 5.10% to reach USD 305.80 million by 2029.
What is the current France Soy Protein Market size?
In 2024, the France Soy Protein Market size is expected to reach USD 234.20 million.
Who are the key players in France Soy Protein Market?
Kerry Group plc, The Archer-Daniels-Midland Company, The Scoular Company, Bunge Limited and Roquette Freres SA are the major companies operating in the France Soy Protein Market.
What years does this France Soy Protein Market cover, and what was the market size in 2023?
In 2023, the France Soy Protein Market size was estimated at USD 222.26 million. The report covers the France Soy Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Soy Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Soy Protein Industry Report
Statistics for the 2024 France Soy Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Soy Protein analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
