BEIJING, Aug. 04, 2022 (GLOBE NEWSWIRE) — The Global Protein ingredients market The size was estimated at $52,146 million in 2021 and is projected to be worth $103,747 million by 2030, with a CAGR of 8.1% from 2022 to 2030.
Increased health awareness around the world has prompted consumers to shift their focus towards nutritious and healthy eating habits and increase their protein intake to get additional nutrients from protein ingredient supplements, which is driving the growth of the protein ingredient market. Additionally, whey and egg proteins are commonly consumed as animal protein supplements, which are expected to drive the protein ingredients market.
Protein is a basic element of the human body based on amino acids. Protein components come from both plant and animal sources. These elements are known for their foaming, water-binding ability, and emulsification, while also having nutritional benefits. In the food processing industry, proteins are used for both functional and nutritional purposes. Protein ingredients like soy can help people meet their protein needs. Due to increased health awareness, there has recently been an increasing tendency towards health and exercise in recent decades. This growing health awareness has increased demand for dietary products that promote improved health, particularly low-calorie, nutritional and weight-control options.
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|market||Protein ingredients market|
|Market size 2021||$52,146 million|
|Market Forecast 2030||$103,747 million|
|CAGR over the period 2022-2030||8.1%|
|analysis period||2018 – 2030|
|forecast data||2022 – 2030|
|Covered Segments||By protein source, application and geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Important companies in profile||Abbott Nutrition, Bunge Limited, Burcon NutraScience, Cargill, Dean Foods, Hilmar Cheese Company, Mead Johnson & Company, LLC, Nellson Nutraceutical LLC, Nestlé SA, PepsiCo Inc., Roquette, Scoular and Unilever.|
|report coverage||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|customization area||10 hrs from free customization and expert advice|
Effects of COVID-19
The global protein ingredients market has had to suffer the brunt of the epidemic along with some other significant markets or industries. With low inventories and restrictions, the expected economic growth has fallen. The industries that produced the product could not function normally. The growth of the global protein ingredients market has been further constrained by distribution network issues. Demand for protein ingredients in the global market has increased sharply through online sales channels or e-commerce systems, while traditional distributors and retailers have suffered significant losses. As a result, the COVID-19 pandemic had a slight impact on the growth of the global protein ingredients market.
Global Protein Ingredients Market Dynamics
Increased consumer awareness of nutritious and healthy food and beverages is one of the major factors driving the rise of the global protein ingredients market. Furthermore, the increasing adoption of plant protein molecules is fueling the expansion and growth of the global protein ingredient market. In addition, nutrition experts and medical professionals advise consumers to consume a lot of protein. The reason for this is the increasing number of chronic illnesses and diseases. In addition, the growing elderly population is fueling the growth of the global protein ingredients market. Governments around the world are working hard to grow the global protein ingredients industry. The government invests in the beverage and food industry. This has a significant impact on the expansion and progress of the global protein ingredients market. In addition, emerging market governments are partnering with market participants to expand their market reach. The administration also promotes protein components through public awareness campaigns. As a result, all the factors mentioned are driving the global market expansion.
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The increasing tendency of milk and vegetable proteins is driving the market growth
Dairy and vegetable proteins in particular have a huge opportunity for expansion in the world market. Milk protein has a wide range of useful properties, such as: B. those that help with thickening and emulsifying, foaming, gelling, heat stabilization and flavor and color development. Its excellent nutritional value and multiple functional properties allow it to be used in nutritious beverages, dairy desserts, ice cream, yogurt, preserves, confectionery and bakery products. Demand for soy protein is expected to increase in the plant-based protein market in the coming years due to aggressive marketing of soy as just a sustainable agricultural source, poor consumer understanding of non-soy proteins, and cost savings. Because soy has a higher concentration of protein compared to any other natural source, its prominence among vegans is likely to increase consumer awareness of soy proteins.
According to Acumen Research and Consulting, the global protein ingredient market is segmented by protein source and application. In terms of protein source, the segment has been divided into animal sources [dairy products (whey protein, milk protein concentrates, casein/caseinates), egg protein, and gelatin]and of plant origin [soy protein (soy protein isolates, soy protein concentrates, textured soy protein), wheat protein, and vegetable protein]. In terms of application, the segment is divided into Food & Beverage, Pharmaceutical, Health & Personal Care, and Animal Feed.
Regional Outlook for the Protein Ingredients Market
The global protein ingredients market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. According to the analysis of the protein ingredients industry, North America will have the largest market share in 2021. Overconsumption of cold cereals, snacks and protein bars is fueling demand for protein ingredients in the region. Additionally, the development of new formulations such as Enfamil Human Milk Fortifier Liquid High Protein by manufacturers such as Cargill, Inc. and Mead Johnson to meet consumer expectations for low-cholesterol and saturated fat beverages is likely to increase product performance even further.
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Protein Ingredients Market Players
Some of the leading companies in the protein ingredient market are Bunge Limited, Mead Johnson & Company, LLC, Roquette, Abbott Nutrition, Nestlé SA, Burcon NutraScience, Dean Foods, Nellson Nutraceutical LLC, PepsiCo Inc., Scoular, Cargill, and Hilmar Cheese Company unilever
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