France is the Largest Soy Protein Market in Europe with a Market Share of 20%

Date: 2015-08-13

“The European soy protein market is estimated to grow at a CAGR of 5.7% from 2014 to 2019. Globally, Europe is one of the most technically advanced regions. The market for soy protein is growing continuously in terms of value due to the increasing population and the high standard of living. Consumers have now realized the importance of proteins to maintain weight and prevent lifestyle diseases. The market is witnessing large consumer awareness related to the health benefits of the different kinds of proteins. Europe is an important market for soy protein. With a rise in disposable income in the European countries, the demand for nutritional food is showing promising growth.

In this report, the European soy protein market has been broadly discussed by its application bakery, confectionery, meat substitute, functional food, dairy alternative, baby food, and others. The application of soy protein in functional food estimated to grow at the highest CAGR from 2014 to 2019. The in depth analysis of soy protein market by type such as soy protein isolates, soy protein concentrates, soy flour, and others has given in this report. 

France is the largest market in Europe with a market share of 20% followed by Spain. The U.K. has the highest CAGR % for the estimated period. Increase in demand for animal protein substitutes is driving Europe soy protein market. 

The Solae Company (US) has a major chunk in the European market in terms of market share. The other firms such as ADM (U.S.), CHS Inc. (U.S.), and Cargill Inc. (U.S.) are competing for growing soy protein market in the region. These companies are developing market strategies such as mergers and acquisitions, joint venture, new product development and expansion to increase the market share in the European soy protein market. 

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