Netherlands Soy Protein Market- Size, Trends, Competitive Analysis and Forecasts (2022-2027)

Netherlands Soy Protein Market forecasted to grow at the CAGR of 5.9% during 2022-2027

The Netherlands possesses almost similar market attributes to that of Germany. The population in the Netherlands is highly health-conscious and environmentally aware. Moreover, the ethical and health-related questions surrounding animal farming concern the country’s population. As a result, most people in the Netherlands are giving up meat and its derivative products and have started adopting a vegetarian and vegan lifestyle. The whey protein industry in the country is one of the fastest-growing compared to other protein industries, but in recent years soy protein industry is also gaining popularity. The Netherland soy protein currently holds 3% of the European soy protein market share. With growing soy protein demand, the revenue is projected to be $93.9 million by 2027, growing at a CAGR of 5.9% from 2022 to 2027.

Major growth driver for the soy protein market is the rising population advocating for environment preservation. In addition, there is a strong sentiment against animal farming and thus an accelerating demand for meat alternatives. The general population is also opting for a protein-rich diet to maintain a fit body and avoid obesity. Thus, the application of soy protein across the food industry is projected to grow at a CAGR of 7.4% from 2022 to 2027, to capture the value of $132.2 million by 2027. The beverage industry has also recorded a significant rise in soy protein application due to the growth in demand for protien-rich drinks.

The population in the country is highly interested in fitness and sports activities. Particularly, the country's youngsters regularly attend gym and fitness sessions for bodybuilding and muscle growth. Therefore, the recommendations for consuming protein-based supplement products from gym experts aid in the growth of the soy protein market. Considering this industry trend, the application of soy protein across dietary supplements is estimated to capture the value of $32.4 million by 2027, growing at a CAGR of 6.4% during the forecasting period.

The opportunity segment for the soy protein market in the country is ready-to-eat and ready-to drink products. The population residing in the major cities in Netherlands lead a busy lifestyle due to intensive workload. Such population does not find enough time to prepare healthy meals or drinks. Hence, manufacturers can add soy protein to various ready-to-consume products, which would result in growing soy protein market revenue.

Key Deliverables

• Market trends since 2018 and five year forecasts of market growth
• Detailed analysis of the micro and macro elements influencing demand trends
• Identifying opportunity spaces across segments
• Supply & demand side trend and analysis
• Price trend analysis, investment prospects, and competition pattern
• Insights on the growth potential of the market
• Detailed analysis of major producers covering financial investments & strategies adopted
• Competitive landscape of the industry