The global protein ingredient market will grow at a compound annual growth rate of more than 6% during the forecast period from 2021-2030.
The protein components of animal and plant origin can assist in making a wide range of food products. In the processing of food products, they exhibit many beneficial properties and bioactivities. Their functions include thickening, gelling, texture modification, carrier, and foaming in food preparation. A variety of industries use them, including nutrition, personal care, and animal feed.
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Factors Affecting
Consumers have been moving toward nutritionally and healthily balanced diets and consuming more protein sourced from protein ingredients in protein supplements to get additional nutrients, thus fueling the growth of the protein ingredients market. Animal protein supplements such as whey and egg proteins account for a significant portion of the protein ingredients market.
Due to the increased health consciousness of consumers, infant formula containing protein ingredients perceives as having a higher nutritional value by consumers. Various organizations, including the Innovation Center for U.S. Dairy and dairy ingredient manufacturers, undertake R&D to enhance the properties of protein ingredients, such as flavors, aromas, and performance. Consequently, manufacturers will see an improved variety of protein ingredients available to gain a significant market share.
Impact Analysis of COVID-19
Despite the COVID-19 pandemic, protein ingredients have seen mixed effects. Healthy and protein-rich products are becoming increasingly popular among health-conscious consumers. The protein ingredients market is experiencing a positive impact mostly because protein plays a crucial role in immune system health. People have become more concerned about maintaining their immune systems and losing weight because of the pandemic, so protein ingredients are likely to become more popular. In the manufacturing and distribution of this industry, there have been some challenges. In addition to disrupting supply chains, the outbreak has caused a surge in raw material prices, potentially leading to higher protein price hikes. Due to lockdowns imposed in various countries, this market has seen a slight decline. Raw materials are scarce in several regions, making protein ingredient manufacturers vulnerable. There have also been lockdowns announced in countries to contain the pandemic, affecting the supply chains for food, feed, and health supplements.
Regional Overview
North America held dominance in the market. The main reason is the rise in the number of consumers in the U.S. who follow a healthy lifestyle or participate in activities that promote an active lifestyle. In the U.S., about 20% of adults belong to fitness clubs, with the percentage likely to increase in the future. In addition, the demand for protein-rich foods continues to rise due to the rise in health-conscious consumers.
Europe is forecast to grow at the fastest-growing protein ingredients market as a result of the increasing geriatric population in Germany, which has fueled the demand for medical nutritional supplements that maintain bone density.
Leading Companies
The leading prominent competitors in the global protein ingredients market are:
- Archer-Daniels-Midland Company (U.S.)
- Bunge Limited (U.S.)
- Cargill Corporation (U.S.)
- DuPont de Nemours, Inc. (U.S.)
- Rousselot Inc. (Europe)
- Burcon NutraScience (Canada)
- Fonterra Co-operative Group (Australia)
- Royal FrieslandCampina N.V. (Europe)
- Kewpie Corporation (Japan)
- Tessenderlo Group (Europe)
- Mead Johnson & Company, LLC (U.S.)
- Kerry Group (Europe)
- Omega Protein Corporation (U.S.)
- Other Prominent Players
Segment Analysis
The protein ingredients market segmentation focuses on Application, Source, Form, Region.
Segmentation based on Application
- Food & Beverages
- Animal Feed
- Cosmetics & Personal Care
- Others
Segmentation based on Source
- Animal
- Whey Protein Ingredients
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Others
- Plant
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
Segmentation based on Form
- Solid
- Liquid
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Protein Ingredients Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Protein Ingredients market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Protein Ingredients Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Protein Ingredients market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Protein Ingredients market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Protein Ingredients market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Protein Ingredients market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Protein Ingredients business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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