Soy And Dairy Protein Ingredients Market Size, Share & Trends Report

Soy And Dairy Protein Ingredients Market Size, Share & Trends Analysis Report By Soy Protein (Soy Protein Concentrate), By Dairy Protein, By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-030-9
  • Number of Pages: 138
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the soy and dairy protein ingredients market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for soy and dairy protein ingredients market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of soy and dairy protein ingredients market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Soy And Dairy Protein Ingredients Market Categorization:

The soy and dairy protein ingredients market was categorized into four segments, namely soy protein (Milk Protein Concentrates/Isolates, Whey Protein Concentrates, Whey Protein Isolates, Casein), dairy protein (Soy Protein Concentrates, Soy Protein Isolates, Soy Protein Hydrolysates), application (Foods & Beverages, Infant Formulations, Personal Care & Cosmetics, Animal Feed), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The soy and dairy protein ingredients market was segmented into soy protein, dairy protein, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The soy and dairy protein ingredients market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy;  Spain, China; India; Japan; Australia; Brazil; Argentina,  Saudi Arabia, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Soy and dairy protein ingredients market companies & financials:

The soy and dairy protein ingredients market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • DuPont Solae - DuPont Solae was formed as an alliance between DuPont and U.S.-based agribusiness company, Bunge Limited. As of 2012, DuPont acquired a 28% share, resulting in full ownership of Solae from Bunge Limited. Further in 2013, the company along with Danisco and Qualicon was merged under DuPont’s nutrition & health business segment. The company’s product portfolio finds extensive application in food ingredients, nutrition, and dietary supplement sectors. DuPont sells soy protein under various brand names including Alpha, Centex, Nurish, Procon, Profine, Response, and Supro for use in various applications in the food and nutrition industry.

  • Archer Daniels Midland (ADM) - ADM was established in 1902 in Minnesota, U.S. with a vision to be the most admired global agribusiness The company is one of the world’s leading food ingredient providers. ADM is headquartered in Illinois, U.S. The company has a wide product portfolio including food additives, feed, supplements, and biofuels. ADM has a global workforce of 33,000 people across 140 countries. ADM connects with a global value chain that includes 460 procurement locations, 300 manufacturing facilities, and 40 innovation centers. The company has a global presence in countries including China, Ukraine, Mexico, Netherlands, Canada, Chile, Ghana, Germany, Spain, and Switzerland.

  • Cargill Inc. - Cargill was established in 1865. The company has a wide product portfolio including crop and livestock, health and pharmaceutical products, food service, personal care, and various agricultural commodities. It is headquartered in Minnesota, U.S. Cargill Inc. employs a global workforce of 152,000 across 67 countries. The company has a global presence in countries including India, China, the Philippines, South Africa, the Netherlands, Austria, Sweden, Switzerland, France, Germany, and Jordan.

  • Bunge Limited - Bunge was established in 1818 in Amsterdam. The company is a leading agribusiness and food company stretching its operations from farm fields to the retail shelf. It is headquartered in New York, U.S. Bunge Limited’s operations include food processing, crushing oilseeds to make meals for the livestock industry, and producing bottled oils and other food products. The company employs a global workforce of over 35,000 people across 40 countries. The company has a global presence in countries including China, Vietnam, India, Indonesia, Singapore, Australia, and Thailand.

  • Mead Johnson Inc. - Mead Johnson was established in 1905 with a vision of being a world leader in baby nutrition. The company is known for its pediatric nutrition which develops markets and distributes over 70 products across the globe serving over 50 countries. It is headquartered in New Jersey. The company employs a global workforce of more than 5,600 employees across 25 countries. Its portfolio includes a wide range of products segmented under pharmaceuticals, innovative infant nutrition products, and external parenteral nutrition products. Mead Johnson has a global presence in countries including India, Indonesia, Japan, the Philippines, Spain, and Italy.

  • CHS - CHS was established in 1929. It is a leading global agribusiness company owned by farmers, ranchers, and cooperatives across the U.S. The company is headquartered in Minnesota. The product portfolio of CHS includes food ingredients, grains, and energy products. The company employs over 11,000 employees globally across 25 countries. It has a global presence in countries including Australia, South Korea, China, Taiwan, and Singapore. The company’s accomplishments include grain merchandising and transportation, wholesale fertilizer, sunflower, and soybean processing, and animal feed production and sale.

  • Scoular - Scoular was established in 1892 with a vision to be a leading supply chain manager in the food ingredients and renewable fuel market globally. Its product portfolio includes supplements and food ingredients. The company employs over 700 employees in more than 20 countries globally. It has a global presence in countries including South Korea, Argentina, Chile, and Indonesia.

  • Roquette - Roquette headquartered in France was established in 1933 and is involved in the production of starch and starch derivates from corn, wheat, peas, and potatoes. These starch and starch derivatives are used to manufacture ingredients for use in industries including pharmaceuticals, food, paper, animal feed, textiles, chemicals, and fermentation. Roquette manufactures more than 650 products which are segmented into five categories including hydrogenated products, native & modified starches & proteins, hydrolyzed & isomerized products, fermentation process derivatives & fine chemicals, and hydrogenated products. Pea and wheat protein is manufactured under native & modified starches and proteins.

  • Burcon NutraScience - Burcon NutraScience, headquartered in Vancouver, Canada was established in 1998. Burcon is a leader in nutrition, health, and wellness in the field of functional, renewable plant proteins. The company is involved in developing nutritious and functional plant proteins as ingredients for the global food and beverage industry. Burcon has an extensive portfolio of composition, application, and process patents originating from its core protein extraction and purification technology. Burcon acquired BMW Canola in 1999. Its development efforts are focused on commercializing core patented protein extraction and purification technology.

  • MGP Ingredients - MGP Ingredients was established in 1941. The company is involved in the production of wheat, proteins, starches, and beverages & food grade industrial alcohol. Beverage-grade alcohol is used in the production of vodkas, gin, and whiskey. Food-grade alcohol is used to produce hand sanitizers, vinegar flavorings, and personal care products. The company is headquartered in Kansas, U.S. Apart from its production facility in Kansas for producing protein & starch ingredients and beverage and food grade alcohol, premium beverage alcohol is manufactured at its facility at Lawrenceburg, Indiana.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Soy And Dairy Protein Ingredients Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Soy And Dairy Protein Ingredients Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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