Market Size of France Soy Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.79 % |
| Fastest Growing Market | Animal Feed |
| Largest Market | Supplements |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Soy Protein Market Analysis
The France soy protein market was valued at USD 226.9 million for the current year and is projected to register a CAGR of 4.79% over the next five years.
- The rising consumer focus on health and sports fitness is anticipated to drive the segment. The preference for soy in the supplements sector also propels segmental growth. Constant innovations played a key role in boosting the sales value of soy protein isolates in France. Low-viscosity SPIs are used in soy crisps, extruded snacks, cereals, etc.
- In addition, animal husbandry plays a noteworthy role in France's economy, and the nation's farmers are highly dependent on plant proteins due to their lower prices and abundant supply. Hence, constant research and innovations, mainly in the field of animal feed, are supporting the application of soy protein concentrates, which is projected to drive the segment.
- Additionally, manufacturers are investing in vegan, cruelty-free, organic, and sustainable protein sources. For instance, in April 2021, Fuji Oil Holdings Inc.'s Dutch subsidiary invested in the UNOVIS NCAP II Fund, which is a major fund specializing in food technology. The company plans to contribute to a sustainable society using its processing technologies of plant-based food materials to tackle the issues customers and consumers face across the world, including France.
- As a result, consumers who are concerned about the environment are attracted to soy-based products since it has a smaller environmental impact than animal agriculture. This factor enables immense innovation in plant-based space, attracting more consumers to try the differentiated product offerings.
