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

France Soy Protein Market to be worth $740 million by 2027

France is also one of the major soy protein market markets in Europe. The soy protein market in the country currently holds around 15% of the total soy protein market in Europe. The economy of France in the last few years has been growing slowly. Given the country's potential with respect to technology, innovation, and research, the soy protein market is growing at a relatively lower growth rate than peer countries. Nevertheless, the plant-based protein market has recorded a significant rise in the past few years, with a growing demand for products containing natural ingredients in the country. The food processing industry in the country is considerably developed and possesses great potential to produce quality products. Though there are not many major producers of soy protein from France, with growing revenue of the soy protein market, the number of new entrants is rising steadily in the country.

The soy protein market of France has a revenue of $498.1 million in 2021. Rising awareness about the health problems due to meat consumption, growing market of ready-to-drink and ready-to-eat products, and surging lactose sensitive and gluten intolerant population are some of the major drivers for the soy protein market across the food industry. The food industry in France is highly developed and possesses a variety of dishes that are famous all over the globe. Over the years, the country's food industry is changing with an increasing number of manufacturers considering the current demand of the consumers for clean and organic ingredients. The application of soy protein across various food industry segments includes confectionery, meat extenders, bakery, snacks, infant formulas, etc. The application of soy protein across the beverage industry is relatively lower. With the growing demand for soy protein across various ready-to-drink products, juices, and health drinks, the application across beverages is projected to widen.

The dietary supplement industry is one of the most attractive market segments for soy protein manufacturers. Over the years, due to rising demand and growing research in the dietary supplement industry, the application of soy protein in the industry has recorded a considerable rise. Even though the soy protein market is booming in the country, constraints such as the growing market for alternate protein and the presence of allergens will hinder the market's growth.

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