The latest report by IMARC Group, titled “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global protein ingredients market size reached US$ 39.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Protein ingredients are composed of vital amino acids, which play a crucial role in regulating protein levels within the human body. They are derived from diverse sources, such as plants and animals. These ingredients contribute to cell repair, strengthening bones and muscles, enhancing blood circulation in the body, and nourishing skin. They offer a wide range of advantageous functionalities and bioactivities in food processing, where they serve as thickening agents, gelling agents, texture modifiers, carriers, and foaming agents, adding valuable properties to various food preparations. They are widely used in various sectors for numerous applications, including nutrition, personal care, and animal feed. Additionally, incorporating protein ingredients into daily diet regularly and moderately helps improve physical strength, mitigate age-related muscle loss, maintain a healthy weight, and reduce the risk of chronic ailments. As a result, protein ingredients find extensive applications in the food and beverages (F&B) industry across the globe to manufacture various products, such as dairy and bakery items, infant formula, beverages, and dietary supplements.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/protein-ingredients-market/requestsample
Protein Ingredients Market Trends and Drivers:
The global protein ingredients market is primarily driven by the increasing prevalence of diabetes, obesity, and malnutrition. Along with this, the rising popularity of protein-rich foods and beverages, such as dietary supplements and sports nutrition products, which offer the right amount of protein nutrition to consumers, has impelled market growth. Moreover, the surging demand for functional foods rich in proteins and essential nutrients due to the rising consciousness among individuals about leading a healthy lifestyle is positively influencing the market growth. Apart from this, there has been a rise in investments in research and development (R&D) activities to enhance the properties of protein ingredients, such as flavor, aroma, and performance. In line with this, key players are introducing vegan, vegetarian, and gluten-free product variants owing to the expanding vegan population, which in turn has catalyzed the market growth. Additionally, the growing popularity of fitness vlogging and network connectivity has augmented the demand for protein-rich foods for muscle building and weight management. In addition, the rapid expansion of gyms, aerobic centers, and fitness clubs around the world is propelling the market growth. Besides this, the rising use of soy proteins in snacks, dairy products, and beverages is another major growth-inducing factor. Furthermore, the easy availability of protein products through online and offline distribution channels, which offer convenient home delivery, attractive deals, discounts, and secure payment methods, has accelerated the product sales. Other factors, including the rising demand for protein as nutritional and functional ingredients, increasing investments by governments of various nations for the expansion of the F&B industry, and growing consumer awareness about the benefits of consuming healthy and nutritional meals, are also anticipated to drive the market further.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Animal Proteins
- Egg Protein
- Whey Protein
- Gelatin
- Casein
- Milk Protein Concentrates/Isolates
- Plant Proteins
- Wheat Protein
- Soy Protein
- Pea Protein
- Others
- Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Animal Feed
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Cargill, Inc.
- Archer-Daniels-Midland Company
- Kerry Group
- Omega Protein Corporation
- Mead Johnson
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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