PUBLISHER: Orion Market Research | PRODUCT CODE: 1077989
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077989
Protein Ingredients Market Size, Share & Trends Analysis Report by Source (Animal Source, Plant Source), and by Application (Food and Beverages, Animal Feed, Infant Food, Pharmaceuticals, and Others) Forecast Period (2022-2028)
The global protein ingredients market is anticipated to grow at a significant CAGR of 9.0% during the forecast period.The rise in health-related difficulties has prompted customers to seek out functional foods that are high in proteins and other essential elements. This is bolstered by the availability ofvegan, vegetarian, and gluten-free product options, which meet the needs of individual customers.The growing popularity of exercise among health-conscious consumers, as well as the function of protein-rich foods in muscle building and weight management, are driving the market growth.Preparing traditional protein-rich products has grown tougher since people's lives have changed. Protein components are becoming more popular among customers as they are simple to prepare and consume on the go.
The global protein ingredient market is segmented based on source and applications. Animal sources include egg, dairy, and other protein ingredients. Animal proteins are highly beneficial in building muscles and good health. Based on the plant source, the market is segmented into soy protein, wheat protein, vegetable protein, and canola protein. Plant proteins are gaining more popularity and market share. Plant proteins consist of low fat and cholesterol. Soy proteins areanticipated to dominate the plant proteins market. Non-soy proteins are also gaining popularity and more R&D is going to discover more plant sources and products. Based on application, the market is segmented into food and beverages, animal feed, infant food, pharmaceuticals, and other applications.
The global protein ingredients market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia Pacific region is anticipated to be the fastest-growing region in the protein ingredients market owing to increased consumption of snacks, cold cereals, and energy bars in the region.
The major companies serving the global protein ingredients market include Cargill Inc., DuPont de Nemours Inc., and Archer Daniel Midland Co. The companies are focusing on product innovations, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, with the launch of pea and fava bean isolates in November 2021, FrieslandCampina Ingredients partnered with AGT Foods to enter the plant-based protein market.
Research Methodology
The market study of the globalprotein ingredients market is incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Food & Beverage