Protein Ingredients Market was valued at US$ 25.9 Bn in 2017 and is expected to reach US$ 45.2 Bn by 2026, at a CAGR of 7.21% during a forecast period.
Based on the application, food & beverages segment is expected to propel the global protein ingredients market growth during the forecast period as increased expansion of the food & beverages industry across the globe. In addition, consumers look for a great product coupled with a pleasing taste and high nutritional value, which is also fuelling the global protein ingredients market in a positive way. On the basis of source, plant segment is projected to hold the largest share in the global protein ingredients market as expanding the global vegan population. The growing number of people who are adopting vegan lifestyles across the globe.
The global protein ingredients market is growing rapidly as increased concerns regarding health and wellness among the population across the globe. Protein ingredients have vast applications in the health and wellness industry, which include post-workout replenishment, pre-workout fuel, and muscle protection. Growing adoption of protein supplements, with advantages like high-calorie intake which is boosting the demand for protein ingredients among consumers. The rise in the craze of health clubs among the youth population globally is also driving the global protein ingredients market in a positive way. Global protein ingredients market is witnessing vibrant growth as the rising popularity of protein ingredients as health supplements. The growing demand for processed food products and energy drinks among consumers across the globe which is also propelling the global protein ingredients market growth in a positive way. Increased trend of rich protein diets, coupled with low-carbohydrates, which is fuelling the global protein ingredients market growth.
In terms of region, North America is estimated to contribute to the highest market share as increased growth of the health and wellness industry in this region. Growing demand for products such as energy bars, snacks, and cold cereals, which is estimated to boost the global protein ingredients market growth in the forecast period. Europe is expected to generate the highest CAGR in the global protein ingredients market during the forecast period as a huge consumption of protein-based energy products which rise human productivity. The growing dairy production in Poland is also catering to the overall growth of the European market. The Asia Pacific is expected to drive the global protein ingredients market growth as increased consciousness regarding health among consumers across the globe.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Protein Ingredients Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Protein Ingredients Market.
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Scope of the Report Protein Ingredients Market
Global Protein Ingredients Market, by Source
Global Protein Ingredients Market, by Application
- Food & Beverage
- Animal Feed
- Cosmetics & Personal Care
Global Protein Ingredients Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key Players Operating in Global Protein Ingredients Market
- Cargill, Incorporated
- Kerry Group
- Arla Foods
- Archer Daniels Midland Company
- Omega Protein Corporation
- Amco Proteins.
- Fonterra Co-operative Group
- Gelita Ag.
- Hilmar Ingredients.
- A&B Ingredients Inc.
- Agridient Inc.
- Agropur MSI, LLC
- Davisco Foods International, Inc.
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