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

Europe Soy Protein Market to be worth $4.8 billion by 2027

The soy protein industry in highly developed countries in Europe is mature and forecasted to grow steadily in the coming years. Europe holds the second-largest share of the global soy protein market, just after North America, accounting for 28% of the market share. The market revenue of soy protein currently holds the value of $3,219.4 million in 2021. One of the most important drivers for the soy protein industry is the growing population adopting vegetarian and vegan products in their daily diets. Along with this, growing health consciousness is expected to drive the soy protein market revenue to reach the value of $4,758.7 million by 2027, registering a CAGR of 6.7% during the forecast period 2022 to 2027.

Germany accounts for the highest market share of soy protein in Europe, followed by the U.K., France, Russia, and Spain. Germany’s soy protein market is majorly driven by the growing adoption of vegan and vegetarian trends. While the soy protein market is constrained by the increasing demand for alternate protein sources, given the potential for processing and technological advancement that the soy protein companies in the country present, the soy protein industry is estimated to grow at the fastest CAGR. The Netherlands exhibits similar trends to the soy protein market of Germany in terms of drivers, restraints, and opportunity. The food processing companies in the Netherlands possess cutting-edge research capabilities and provide a huge opportunity for the exploration of soy protein across the segment.

The economic growth of the U.K and France has been constrained to some extent in the past few years. However, the growing population giving up meat and its derivatives products due to its various health disadvantages would provide a much needed boost to the soy protein industry in the country. In France, the food industry has been growing for many years in terms of innovation, flavor, taste, and health benefits. In addition, the growing young population hitting the gym and fitness clubs would lead to rising applications of soy protein across supplement products such as energy drinks, spirits drinks, juices, shakes, and other products.

The soy protein market of Italy, Russia, and Spain is highly influenced by the soy protein market in highly developed western countries in Europe. Major drivers of soy protein markets in these countries include rising purchasing power of middle income and lower-income families, growing consumption of plant protein products due to increasing awareness about its health benefits, and rising recommendation of protein-based supplement products by the health experts for weight management. With rising soy protein demand, the competition among the local manufacturers is estimated to intensify in the coming years.

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 and countries
• 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