PROTEIN INGREDIENTS MARKET WORTH $73.09 BILLION BY 2027
Protein Ingredients Market by Type (Animal protein , plant protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), and Application (Food & Beverage, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics)—Global Forecast to 2027.
The protein ingredients market is expected to grow at a CAGR (compound annual growth rate) of 7.8% from 2020 to 2027.The protein ingredients market study presents historical market data in terms of value (Protein 2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application & geography. the study also evaluates industry competitors and analyzes the market at the country level Based on type, the protein ingredients segmented into animal protein, plant protein, insect protein, and microbial Protein ingredient manufactures are facing a shortage in the supply of raw materials.......sources, which is likely to ease pressures on the global food chain.
The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level. However, the insect protein segment is market is mainly expected to grow at the highest CAGR during the forecast period, which is mainly attributed to the growing demand for environment-friendly protein-rich foods, rising investments in edible insect farming, and altering attitudes towards insects as food & Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. the segment large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean ' trend.
Protein ingredients play a vital role in healing and repairing the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates. They also help in regulating weight, improving physical strength, lowering muscle loss caused by aging, and mitigating the risk of chronic diseases. As a result, protein ingredients are widely used in the production of foods and beverages, animal feed, nutrition and health supplements, personal care and cosmetic products, and pharmaceuticals. Major factors driving the growth of the protein ingredients market are the growth in the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. Additionally, the growing potential of insect and plant proteins, untapped emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing consumer inclination towards the vegan diet are expected to provide significant growth opportunities for protein ingredient manufacturers in the coming years.
Based on form, the protein ingredients market is segmented into dry and liquid forms. The dry form segment accounted for the larger share of the overall protein ingredients market in 2020, which is mainly attributed to the dry protein ingredients' higher demand due to their ease of handling & transportation, cost-effectiveness, and ability to avoid costly formulation the stability of the ingredient. This segment is also expected to record the higher CAGR during the forecast period.
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Protein Ingredients Market, by Type
• Animal Protein Ingredients
• Dairy Protein
• Milk Protein
• Whey Protein
• Egg Protein
• Gelatin
• Other Animal Proteins
• Plant Protein Ingredients
• Soy Protein
• Wheat Protein
• Pea Protein
• Rice Protein
• Potato Protein
• Canola Protein
• Corn Protein
• Other Plant Proteins
• Insect Protein Ingredients
• Microbial Protein Ingredients
• Algae
• Fungi
• Others
Protein Ingredients Market, by Application
• Food & Beverage
• Animal Feed
• Nutrition and Health Supplements
• Pharmaceuticals
• Personal Care and Cosmetics
• Others
Protein Ingredient Market, by forms
• Dry
• liquid
Protein Ingredients Market, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
• Asia-Pacific (APAC)
o (APAC) China
o India
o Japan
o Australia
• Latin America
• Middle East & Africa
Impact of covid-19 Protein Ingredient Market
The COVID-19 pandemic has had a mixed impact on the protein ingredients market. The positive aspects include the growing inclination of health-conscious consumers towards healthy and protein-rich products. The protein ingredients market is experiencing a positive impact mainly due to the key role of protein in immune system health. During the pandemic, Individuals have become highly focused on boosting immunity and reducing weight, which is likely to increase the demand for protein ingredients. However, this industry has faced some challenges from the manufacturing and distribution point of view. The outbreak has led to massive disruptions in supply chains and caused demand-based fluctuations in the prices of raw materials, which may increase protein ingredient prices. This market has witnessed a slight decline due to the lockdowns imposed across various countries. Protein ingredient manufacturers are facing a shortage in the supply of raw materials in many regions. Moreover, in some regions, lockdowns have been announced to control the pandemic, impacting the ingredient supply chains for food, feed, and health supplements.
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Key Questions Answered in the Report:
• What is the value of revenue generated from the sale of protein ingredients across the globe? At what rate is their demand expected to grow for the next 5–8 years?
• Which type is estimated to hold the major share of the market?
• Which form segment is projected to gain more traction in the global protein ingredients market?
• Which application segment is projected to gain more traction in the global protein ingredients market?
• What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the global protein ingredients market?
• Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?
• Who are the major players operating in the global protein ingredients market?
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