Protein Ingredients Market Overview and Industry Analysis by Raw Material (Soy, Wheat, Pea, Canola, Whey, Milk, Casein, Egg, Beef, Pork Other), by Form (Powder, Bars, Ready to Drink, Capsules & Tablets & Others), By Application (Functional Foods, Sports Nutrition, Meat Additives, Confectionery & Other Foods, Pharmaceuticals & Others) By Region [North America, Europe, Asia-Pacific, the Middle East & Africa and Latin America], competitive market size, share, trends and forecast to 2028
New York, United States, August 5, 2021 (GLOBE NEWSWIRE) – Protein Ingredients Market Overview
According to a comprehensive research report from Market Research Future (MRFR), Protein Ingredients Market IInformation by raw material, form, application and region – Forecast until 2028 “, the market is expected to reach $ 85,200 million by 2028, at a CAGR of 10.0% from 2021 to 2028
Protein is a necessary nutrient for your body to function properly. Protein is found in every cell in your body and is needed to build and repair muscle, tissue, skin, nails, and hair. Protein also contributes to the formation of hormones and enzymes. Alternatives to protein are both healthy and delicious. As a result, whey and soy are the most popular protein ingredients, accounting for over 35% of the market. Soy, whey, and casein protein sources are quickly becoming viable options in the protein ingredients industry. By 2022, soybeans and whey are expected to represent over 40% of the sources of protein ingredients. As food safety concerns about animal protein increase, consumers are more likely to turn to plant proteins like soybeans, peas and canola.
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The major players in the protein ingredients market are:
Shandong Sinoglory Health Food Co., Ltd
Gushen Biological Technology Group Co., Ltd
Shandong Yuwang Industrial Co., Ltd
The increased demand for functional foods and sports nutrition with protein inclusions will be driven by a high demand for high protein foods and beverages and by specialized requirements such as weight management and control and muscle growth. During the forecast period, the market will increase due to increasing consumer preferences. The growing knowledge of consumers will also stimulate economic activity around the protein ingredients sector. Building on this factor, NovoNutrients strives to expand its technique of producing high quality protein for human and animal consumption, which uses industrial emissions of carbon dioxide, cheap hydrogen and naturally occurring bacteria. existing. Happiness Capital, a Hong Kong-based global venture capital firm, led a $ 4.7 million fundraiser for the inventor of alternative proteins. The projected money will be used to complete the Silicon Valley company’s industrial pilot program, which absorbs CO2 emissions from an oil and gas and / or cement plant. It had previously secured US $ 4.3 million in venture capital and a multiple thereof in non-dilutive corporate project finance commitments.
The protein ingredients market is estimated to be constrained by limited use and apprehensions about long term effects during the forecast period.
Browse the in-depth (151 pages) market research report on Protein Ingredients: https://www.marketresearchfuture.com/reports/protein-ingredients-market-1244
COVID 19 analysis
The disruption of supply chains is among the major disruption seen in the global market throughout the forecast period. The development of the pandemic has naturally influenced the development of the market on a global scale; however, some competitors took advantage of the opportunity by diversifying and expanding. For example, Summit Ag Investors, the investment arm of Summit Agricultural Group, announced plans to establish a new wheat protein ingredients plant in Phillipsburg, Kansas, where it recently acquired the Prairie Horizon Agri biorefinery. -Energy. The company will also adapt the corn-based ethanol plant to convert wheat starch to ethanol as part of the project.
The raw materials segment is expected to be moved by the soybean segment in the protein ingredients market. The fitness segment shows the tendency to be moved by the ready-to-drink segment in the protein ingredients market during the forecast period. The applications segment of the protein ingredients market is dominated by the sports nutrition segment during the forecast period.
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For companies in the protein ingredients market, rising disposable income is expected to be a crucial element of growth. The United States, Mexico, Canada and other countries constitute the North American market. ADM, the world’s largest food and nutrition company, has agreed to purchase Sojaprotein, a leading European distributor of non-GMO soy components. ADM has acquired Sojaprotein, the largest producer of vegetable proteins in southern Europe. The company provides production capacity to a diverse group of customers who are pioneers in the development of plant-based, nutrient-rich and environmentally sustainable meals and beverages. The company is particularly excited about the prospect of working together to meet the growing demand from European consumers for locally produced non-GMO ingredients in their food and beverages. Germany, Italy, UK and France are the four regional markets of the European protein components market. APAC market is divided into India, China, Japan and other countries. Over the projected period, changing consumer habits will support protein ingredient companies around the world. Unstable commodity prices, on the other hand, can stifle expansion. The market is then divided into areas such as the Middle East and Africa.
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