Market Research Report
Protein Ingredients Market Size By Product, Application, Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026
|Protein Ingredients Market Size By Product, Application, Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026|
Published: August 10, 2020
Global Market Insights Inc.
Content info: 350 Pages
Delivery time: 2-3 business days
Protein Ingredients Market Size By Product [Animal/Dairy Proteins (Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates, Casein/Caseinates, Gelatin), Plant Proteins (Wheat, Soy Protein Isolates, Soy Protein Concentrates, Canola, Pea, Textured Soy Protein)], By Application [Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed (Pet Food, Aquaculture), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026.
The protein ingredients market is slated to record a period of remunerative growth over the coming years owing to the rising demand for vegetarian protein and changing perceptions towards nutrition. With the growing momentum of the health and wellness trend, the demand for protein products is expected to go up tremendously over the coming years.
Owing to the increasingly sedentary nature of today's workplaces, people are increasingly focusing on improving their physical and mental wellbeing. This increasing inclination towards fitness is expected to fuel the adoption of protein products across the globe, fostering the protein ingredients market.
Protein is a common macronutrient that is highly essential for building muscle mass. The material is commonly found within animal products; however, it is also found within other sources, including legumes and nuts. Chemically, protein is made up of amino acids, organic compounds that are made up of hydrogen, carbon, oxygen, nitrogen, or sulfur. This organic compounds are the building blocks that make up proteins, and proteins, subsequently, are the building blocks that help improve of muscle mass.
This makes protein a highly integral part of the fitness trend, ensuring tis growth. Given the growing consumer base of protein ingredients, several industry players are creating protein products made up from different sources that conform to the dietary preferences of the consumers. This trend is slated to foster the revenue graph of protein ingredients industry over the coming years.
The overall protein ingredients market is classified into product, application, and regional landscape.
The product segment is divided into animal/dairy proteins, and plant proteins. The animal/dairy proteins segment is further bifurcated into milk protein concentrates/isolates, casein/caseinates, whey protein hydrolysates, whey protein isolates, and egg protein concentrates.
Among these, the milk protein concentrates/isolates segment is anticipated to witness significant revenue growth over the forthcoming years. Rising awareness regarding the benefits of slow digesting milk proteins and changing perceptions on nutrition is likely to augment market share.
The casein/caseinates segment is also slated to record remunerative growth over the analysis period as rapid product penetration in manufacturing of casein induced gym supplements is expected to foster product adoption.
Th plant proteins segment is further divided into wheat protein, soy protein isolates, soy protein concentrates, pea protein, textured soy protein, canola protein, and other plant protein. The wheat protein segment is expected to witness considerable growth as increasing demand for vegetarian protein alternatives to fortify food & beverage preparations is likely to stimulate their market demand.
The Soy protein isolates market is likely to surpass $4 billion by the end of 2026 owing to rapid product penetration in manufacturing healthy snacks. The other plant protein sources include legume and pulses. Market from others is likely to grow owing to increasing demand for healthy and easily digestible solutions.
From a regional reference frame, the LATAM protein ingredients market is expected to clock in tremendous revenue gains as increasing demand for natural ingredients in cosmetics and anti-aging cosmetics is augment the adoption of protein ingredients in the regional market.
The MEA protein ingredients market is likely to grow with CAGR of over 7.5% through the projected time period owing to rapid product penetration in food & beverage industry.