Market Size of France Soy Protein Industry
| 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 |
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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 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 | ||||||||||
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France Soy Protein Market Size Summary
The French soy protein market is experiencing significant growth, driven by increasing consumer awareness of the health benefits associated with soy protein, such as its high nutritional value and potential cholesterol-lowering effects. The rising prevalence of lifestyle diseases and a growing focus on healthy eating habits are further propelling market expansion. The diverse functional properties of soy protein, such as emulsification, foaming, and gelling, have led to its widespread application across various industries, including food and beverages, pharmaceuticals, and food processing. Government initiatives and regulations in France are actively promoting the adoption of plant-based proteins, with substantial investments in research and development aimed at advancing sustainable protein sources like soy protein.
The food and beverages segment, particularly meat and dairy alternatives, leads the market, with soy protein concentrates being a primary choice due to their elevated protein levels and versatility. The demand for soy protein is also bolstered by its use in animal feed, where its characteristics like easy digestibility and protein enrichment are highly valued. The growing emphasis on health and wellness has led to increased consumption of soy protein in sports nutrition products, appealing to consumers seeking sustainable and energy-boosting nutrition options. The market is characterized by fragmentation, with major players like Kerry Group PLC, The Archer-Daniels-Midland Company, and Roquette Freres SA introducing innovative plant protein ingredients to meet the evolving needs of various application industries. Recent developments, such as the operational launch of LSDH Group's soy plant in France and strategic partnerships like that of Caldic Ingredients, highlight the dynamic nature of the market and the ongoing efforts to expand the availability of soy-based ingredients.
France Soy Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Trend and Increasing Inclination Toward Protein-rich Functional Food and Beverages
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1.1.2 Increasing Trend for Vegan/Plant-based Proteins
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1.2 Market Restraints
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1.2.1 Competition from Other Substitute Products
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. Market Segmentation
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2.1 Form
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2.1.1 Concentrates
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2.1.2 Isolates
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2.1.3 Textured/Hydrolyzed
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2.2 End User
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2.2.1 Animal Feed
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2.2.2 Personal Care and Cosmetics
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2.2.3 Food and Beverages
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2.2.3.1 Bakery
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2.2.3.2 Beverages
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2.2.3.3 Breakfast Cereals
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2.2.3.4 Condiments/Sauces
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2.2.3.5 Dairy and Dairy Alternative Products
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2.2.3.6 Meat/Poultry/Seafood and Meat Alternative Products
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2.2.3.7 RTE/RTC Food Products
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2.2.3.8 Snacks
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2.2.4 Supplements
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2.2.4.1 Baby Food and Infant Formula
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2.2.4.2 Elderly Nutrition and Medical Nutrition
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2.2.4.3 Sport/Performance Nutrition
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France Soy Protein Market Size 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.
