Protein ingredients consist of amino acids; they play an essential component of the human body. Due to the rapid growth of the world population, the growing demand for protein ingredients as functional and nutritional food ingredients regarding healthy diet and nutrition among the consumers is likely to work as agents in the forecast period for the growth of the protein ingredients industry. According to Renub Research, Global Protein Ingredient Market is projected to reach US$ 73.7 Billion by 2027.
The “soy protein concentrates” are the highly consumed form of plant proteins ingredients. It is easily digestible and have greater fat retention capacity and higher Milk Protein Concentrates render the desired nutritional value to sports food products, contributing to their increasing usage in various supplements. Around the globe, demand for food & beverages has increased & had a substantial protein dominance among the population. As per this research report, Globally Protein Ingredient Industry was US$ 46.1 Billion in 2020.
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Besides, an increase in awareness about the benefits of protein-based sports nutrition products, rising fitness trend among health-conscious consumers & active lifestyle have accelerated the market’s growth. Positive application outlook in infant & clinical nutrition is also driving the protein ingredient demand. As per our research findings, the Worldwide Protein Ingredient Market is expected to grow with a CAGR of 6.93% from 2020 to 2027.
North America is the major dominating region in the Protein Ingredients market. Consumers in this region are continuously demanding beverages that provide sensory taste and the required nutritional benefits. This results from the high infiltration of vegan, protein-based products in the retail market & weight management.
Companies adopt numerous strategies to gain an advantage in the protein ingredients market. In 2019, DuPont de Nemours, Inc launched its new SUPRO XT55 Isolated Soy Protein, explicitly designed to improve ready-to-drink profitability high-protein beverages the beverage manufacturers manage the protein costs more effectively. The companies covered in this report are Archer Daniels Midland Co., MGP Ingredients, Kerry Group plc, and Tessenderlo.
Renub Research report titled “Protein Ingredient Market Global Forecast by Products (Plant & Animal/Dairy) Plant Protein (Wheat, Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Pea, Canola & Others), Animal/Dairy Proteins (Egg Protein, Milk Protein Concentrates/Isolates, Whey Protein Hydrolysates, Whey Protein Isolates, Gelatin, Casein/Caseinates, Collagen Peptides & Others), Form (Solid, Liquid), Application (Food & Beverage, Animal Feed, Cosmetics & Personal Care & Others), Regions (North America, Europe, Asia Pacific, South America, Rest of World), Company Analysis (Archer Daniels Midland Co., DuPont de Nemours Inc, MGP Ingredients, Kerry Group Plc, Tessenderlo)” provides an all-encompassing analysis on the Global Protein Ingredient Industry.
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