Protein Ingredients Market Overview:
The global Protein Ingredients Market was worth USD 60,880 million in 2022 and is anticipated to amplify at a CAGR of 6.4% over 2023-2033, thereby accumulating USD 100,010 million by end of the analysis timeline. The increasing need for diets high in protein across a variety of industries, including food and beverage, feed, cosmetics and personal care, and medicines, is fueling the market for protein ingredients globally, which is expanding rapidly. Producers are experimenting with protein components derived from microorganisms, plants, animals, and insects in order to adapt to changing industry demands and consumer tastes. Growing health consciousness, dietary trends that support plant-based proteins, and an emphasis on product development to improve functions are some of the major motivators. Because of innovation, increased uses, and rising consumer knowledge of the nutritional advantages of protein, the market is expected to develop in the future.
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Protein Ingredients Market Trends :
Growing health concerns among consumers are driving the market growth:
Customers' growing health concerns are driving the market's compound annual growth rate (CAGR) for protein components. A common aspect driving the market expansion for protein components is consumers' growing consciousness of the importance of consuming wholesome foods. In light of the rising incidence of infections and chronic illnesses, physicians and dietitians advise individuals to consume high amounts of protein. Protein ingredients are seeing growth in demand due to an increase in demand for plant-based protein.
Companies Covered: Protein Ingredients Market:
- Cargill
- ADM
- DuPont
- Arla Foods
- Rousselot
- Gelita AG
- AGRANA
- AMCO Proteins
- Hilmar Ingredients
- Archer Daniels Midland Company
- Burcon, Kerry Group
- Omega Protein Corporation
- Friesland
- Axiom Foods
- Mead Johnson Nutrition Company
- Fonterra Co-operative Group
- Kewpie Corporation
- Bunge Limited
- Glanbia PLC
- Tessenderlo Group
- Foodchem International Corporation
- Roquette Frères
- AB Ingredients
- Reliance Private Label Supplements
- The Scoular Company
- MGP Ingredients
- CHS Inc.
Global Protein Ingredients Market Segmentation:
Product Insights:
For a number of reasons, the animal-based product sector is leading the global market for protein ingredients. First off, forms of protein derived from animals, such whey, casein, and eggs, are regarded as having a high biological value because they provide every essential amino acid needed by the human body. This makes them superior to plant-based proteins, which can be deficient in one or more necessary amino acids, in terms of their ability to form and repair muscles and tissues.
Form Insights:
Because of its extended shelf life, ease of storage and transportation, and broad range of applications, dry form is currently leading the Protein Ingredients Market . Whey protein concentrate, soy protein isolate, and casein are examples of dry protein components that are frequently employed in food and beverage products because they can improve the end product's texture, taste, and nutritional value. In addition, the sports nutrition sector is seeing a rise in demand for dry protein components because of their high protein concentration, which aids in muscle growth and recovery.
Application Insights:
Due to the growing need for effective and secure packaging solutions for food and beverage goods, the food and beverage industry has dominated the air cushion packaging market. When food and beverage goods are being transported and stored, air cushion packaging offers a barrier of protection against contamination, deterioration, and damage. Air cushion packaging is a popular option among producers and merchants in the Protein Ingredients Market industry because it is lightweight and flexible, making it an affordable and easy option for food and beverage product shipment, storage, and display.
Opportunities: Growing potential of dairy and plant proteins:
Dairy and plant proteins in particular have a lot of potential in the rapidly expanding market for protein additives in the near future. Providers of dairy protein can profit from the growing consumer interest in nutritional content and the trend toward more functional products. As veganism gains popularity due to concerns about animal cruelty and sustainability, the for Protein Ingredients Market is expanding. Additionally, Islamic countries around the world which abstain from animal proteins, particularly pork-based gelatin are helping. Meanwhile, countries like India and Nepal which have concerns about cultural and religious aspects avoid beef-based animal proteins. Thus, it is proven that the rapidly expanding plant protein and dairy businesses have enormous promise.
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