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Protein Ingredients Market Expected to Reach a Valuation of USD 47.4 Billion by 2032

Protein Ingredients Market – Analysis, Outlook, Growth, Trends, Forecast

DUBAI, United Arab Emirates, 02 Feb. 2022 (GLOBE NEWSWIRE) — The protein ingredients market is estimated at $27.5 billion in 2022. According to Future Market Insights (IMF), the overall market value is expected to reach a valuation of $47.4 billion by 2032, increasing at a CAGR of 5.6% for 2022-32.

Attribute

Details

Market size value in 2021

$26 billion

Forecast value of the market in 2032

$47.4 billion

World growth rate

5.6%

Forecast period

2022-2032

By the end of 2019, global protein ingredient sales, from both animal-based protein ingredients and plant-based protein ingredients, will be roughly the value of $43 billion. The demand for protein ingredients of animal origin continues to be higher than that of protein ingredients of plant origin, clearly due to the greater availability of products and nutritional profile in the first case.

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The consumption of a high protein diet, especially in sports nutrition, is driving the sales of protein ingredients in the global market. An ongoing opportunity for R&D in sports nutrition in line with the plant-based diet trend. The demand for protein ingredients is therefore increasing.

Key Takeaways – Protein Ingredients Market Research

  • The demand for ready-to-drink (RTD) beverages is increasing among active consumers. For ready-to-drink beverages, the key to successful innovation lies in the beverage itself. Trends over the past five years have shown that using bright colors and innovative packaging can help sell the drink. Consumer awareness of health and wellness, demand for clean labels, and functionality are some of the factors contributing to the rise in demand for ready-to-drink beverages.

  • Manufacturers of nutritional supplements and bars are launching unique products with additional nutritional profile and various flavors that attract customers and the demand for these products is expected to increase by around 8% during the forecast period.

  • Whey protein concentrate undergoes different processing compared to isolate and therefore protein ingredient isolates contain less carbohydrates, fats, lactose and are highly nutritional. The isolated form of whey is usually more expensive. Taking a slightly higher amount of concentrates has been proven to provide similar results to lower cost isolates.

  • Eggs and egg products are versatile and multi-functional in both specialty foods and regular foods. Egg protein works effectively with gluten-free formulations, is easily digestible, and provides nutritional functionality. Thus, helping food formulators to develop gluten-free products.

  • Rising consumption of food and beverage products including bakery, dairy, meat, poultry products and breakfast cereals in developing economies and economies in transition is fueling the global protein ingredients market.

  • Due to increasing urbanization and awareness of conscious living, the consumption of protein ingredients is increasing in Asia-Pacific and Latin America.

The prevalence of diseases caused by obesity is increasing at an alarming rate. A significant portion of the population is becoming health conscious and remains focused on eating high protein foods on a regular basis. This has been a major boost for the growth of the protein ingredients market.

Manufacturers Focus on Flavored Healthy Innovations

Growing demand for protein ingredients and increasing number of small, medium and large manufacturers across the globe are the reasons for intensifying intensive competition in the protein ingredients market. To maintain their position in the protein ingredient market, companies manufacture high-quality protein ingredients with multiple benefits. Manufacturers invest in research and development to launch innovative and unique products based on protein ingredients. Manufacturers are launching several flavors of supplements and nutritional powders and drinks that are appealing to consumers. Manufacturers are launching plant-based protein ingredient products for vegan and vegetarian consumers.

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Report scope

Attribute

Details

Market size value in 2021

$26 billion

Forecast value of the market in 2032

$47.4 billion

World growth rate

5.6%

Forecast period

2022-2032

Historical data available for

2017-2021

Market analysis

MT for volume and billions of dollars for value

Key regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Main countries covered

United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic countries, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, Africa North, South Africa, others .

Key Market Segments Covered

Product type, application, form and regions

Profiled Key Companies

• Solae LLC

• Archer Daniels Midland Company

• Cargill Inc.

• Glanbia plc

• FrieslandCampina DMV BV

• Kerry Group plc

• Arla food ingredients

• ROQUETTE FRERES SA

• Davisco Foods International, Inc.

• Axiom Foods Inc.

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Find more insights into Protein Ingredients Market

Future Market Insights, in its new offering, highlights an unbiased analysis of the global Protein Ingredients market, showcasing historical demand data (2014-2018) and forecast statistics for the period 2019-2029. The study discloses compelling insights into the Protein Ingredients market based on the type of product (animal and vegetable protein), application (supplements and nutritional powder, beverages, protein and nutritional bars, bakery and confectionery, cereals for small -breakfast, meat and meat products, dairy products, infant nutrition, animal feed and others), form (isolate, concentrates and others), in five major regions.

About the Food Market Division at IMF

Expert analysis, actionable insights, and strategic recommendations – Future Market Insights’ catering team helps clients around the world meet their unique business intelligence needs. With a repository of over 1,000 reports and over a million data points, the team has insightfully analyzed the agribusiness industry in over 50 countries for more than a decade. The team provides end-to-end research and advisory services; reach out to explore how we can help you.

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About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. MFI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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