According to a new market research study, the global market for soy and milk protein ingredients was estimated to be worth 8,500 million in 2010 and is expected to cross 13,000 million in 2018. The study analyzes the current and future market potential for soy and milk protein isolates, concentrates and hydrolysates in terms of applications, price trends and product specifications.
The study's full title is "Global Soy & Milk Protein Ingredients Market (Concentrates, Isolates & Hydrolysates) – Industry Analysis, Market Size, Share, Growth and Forecast, 2010-2018."According to the report, Asia's market for milk protein ingredients is growing continuously in terms of revenues due to the increasing population and the high standard of living, the major factors driving the growth of the market.
Milk protein concentrates – due to their usage flexibility and low cost – are replacing the market for dairy products. Asia Pacific has the highest number of consumers of milk ingredients. PD
—From Transparency Market Research news release
