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

Germany Soy Protein Market is forecasted to grow at the CAGR of 6.9% during 2022 to 2027

Germany is one of the biggest soy protein markets in the European region and accounts for around 22% of the European soy protein market. The country is known for its state-of-the-art processing methods and high-quality products. The majority of the soy protein produced in the country is exported to the member countries in the European region. The soy protein market will continue to lead in the coming years due to the growing demand for plant-based protein among most Germans. Furthermore, people in Germany are highly concerned about environment preservation and strongly advocate against industrial meat production. With rising awareness about this trend, the population and the Government are pushing to develop policies that result in clean living.

The soy protein industry in the country is projected to grow at a CAGR of 6.9% from 2022 to 2027, to attain the value of $1,093.1 million by 2027. The increase in the rate of veganism and vegetarianism is driving the consumption of soy-protein-based products in the country. The demand for food products that are free of lactose, gluten, meat, and other ingredients that positively affect health is rising at a tremendous rate. The growing demand is mainly because of rising awareness about the health problems such as obesity. The application of soy protein across the food industry has the highest market share due to the rising application of soy protein across various food industry segments, such as bakery, confectionery, meat analogues, dairy alternatives, etc. Beverage manufacturers see the trend of healthy living as a huge opportunity to expand their products range. Thus, they are pushing efforts to use clean and organic ingredients, including soy protein, to fulfill consumers' demand.

Germans are highly enthusiastic about sports and physical activities. However, such a trend has been intensified in the last few years. Not only youngsters but also the middle-aged and elderly population are interested in joining gyms and fitness studios, which helps them lead healthy and fit lives. Since protein helps reduce weight, recover muscle after intensive workouts, and maintain body weight, the demand for soy protein-based supplement products is also increasing. Thus, the revenue of soy protein across the dietary supplement industry is projected to grow at a CAGR of 7.4% during the forecast period to capture the value of $272.0 million by 2027.

Other applications of the soy protein include animal feed, pharmaceuticals, nutraceuticals, cosmetics, and the personal care industry. With growing research and exploration of advantages, benefits and use across other sectors, the soy protein market is forecasted to grow rapidly in 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
• 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