Soy and milk protein market estimated to double by 2018

Dive Summary:

In a new report from Transparency Market Research, the global market for soy and milk proteins will hit $13 billion by 2018 at an annual growth rate of 6%.
In 2010, the market was worth $8.5 billion with Europe as the major consumer.
In the next decade, that demand is expected to shift more to both Asia and the Americas, fueled by an increase in health consciousness as well as a decrease in genetically modified foods in Europe.

From the article:

According to a new market report published by Transparency Market Research, the global market for soy and milk protein ingredients was estimated to be worth US$8,500m in 2010 and is expected to cross US$13,000m in 2018, growing at a CAGR of over 6% from 2013 to 2018. In the overall global market, Europe is the largest consumer of soy proteins. However, Asia Pacific is expected to be the most promising market in the near future. The market for soy protein is mainly driven due to health benefits associated with it, better and economical source of high quality proteins and its functional prop...