Protein Ingredients Market Size, Share & Trends Analysis Report Forecast Period 2024-2031.
Protein Ingredients Market Size, Share & Trends Analysis Report Forecast Period 2024-2031.
Blog Article
The global protein ingredients market is anticipated to grow at a significant CAGR of 9.0% during the forecast period. Amino acids, which are organic molecules formed of carbon, hydrogen, nitrogen, oxygen, or sulphur, make up protein constituents chemically. Product innovations and technological improvements are expected to be the primary drivers of market growth. Protein components are increasingly used in a variety of applications. For instance, isolates, have a high dispersibility and a very tiny particle size, making them popular in dairy applications.
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Crops such as soy, canola, wheat, and pea are used to make plant-based components. Soy protein has been steadily increasing in popularity, and it now holds the greatest proportion of the plant-based protein market. Over the projection period, it is expected to increase at a fast compound annual growth rate. Furthermore, the Food and Drug Administration (FDA) has approved a health claim for the lowering of LDL cholesterol through dietary guidelines that recommend four servings of soy per day to help lower LDL cholesterol levels by 10% in the body.
Segmental Outlook
The global protein ingredient market is segmented based on source and applications. Animal sources include egg, dairy, and other protein ingredients. Animal proteins are highly beneficial in building muscles and good health. Based on the plant source, the market is segmented into soy protein, wheat protein, vegetable protein, and canola protein. Plant proteins are gaining more popularity and market share. Plant proteins consist of low fat and cholesterol. Soy proteins are anticipated to dominate the plant proteins market. Non-soy proteins are also gaining popularity and more R&D is going to discover more plant sources and products. Based on application, the market is segmented into food and beverages, animal feed, infant food, pharmaceuticals, and other applications.
The North American region is anticipated to hold a prominent share of the protein ingredients market. The confirmation by the United States Department of Agriculture (USDA) that soy protein decreases heart disease has boosted the market in the US and generated demand for additional vegan proteins. In the region, the market for soy-based drinks and nutrition bars is more stable and saturated.
by Source (Animal Source, Plant Source), and
by Application (Food and Beverages, Animal Feed, Infant Food, Pharmaceuticals, and Others)
Market Players Outlook
The major companies serving the global protein ingredients market include Cargill Inc., DuPont de Nemours Inc., and Archer Daniel Midland Co. The companies are focusing on product innovations, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in May 2020, Marfrig and ADM announced Plantplus Foods, a joint venture that will provide clients in North and South America with plant-based goods. ADM intends to contribute all of its technological expertise to the development of a system that combines ingredients, scents, and a plant basis from the protein complex, including its new pea protein facility in Enderlin, North Dakota.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global protein ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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