The European soy protein market is estimated to grow at a CAGR of 5.7% from 2014 to 2019, according to new market analysis from Research and Markets.
 
The development in the market is in part due to an increase in population and the high standard of living in the Europe. The report also suggests that consumers are realizing the importance of protein in maintaining and healthy weight and preventing diseases. In addition, the rise in disposable income in European countries, along with the growing demand for nutritional food, has led to promising growth.
 
The report focuses on the application of soy protein within various markets, such as bakery, confectionery, meat substitute, functional foods, dairy alternative, and baby food. The application of soy protein in functional food is estimated to grow at the highest CAGR from 2014 to 2019, the report said. The in depth analysis of the soy protein market by type includes information on soy protein isolates, soy protein concentrates, soy flour, and others.
 
France is the largest soy protein consumer in Europe with a market share of 20%, followed by Spain. The U.K. has the highest CAGR % for the estimated period. Increased demand for animal protein substitutes is also contributing to growth in market.
 
The Solae Company (U.S.) holds the major share of the European market, followed by ADM (U.S.), CHS Inc. (U.S.), and Cargill Inc. (U.S.).