18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Protein Ingredient Market By Product Type (Plant Protein, Animal/Dairy Protein) and By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Animal Feed): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global protein ingredient market in 2019 was approximately USD 46.7 Billion. The market is expected to grow above a CAGR of 7.4% and is anticipated to reach over USD 77.00 Billion by 2026.
The macronutrient plays important in body functioning as they are source of energy for the body. There are three macronutrients namely the protein, carbohydrates and fats. These macronutrients are commonly found in the plant produce and animal produce. The body requires heavy intake of macronutrients for body functioning. The protein is an important macronutrient assisting in body muscle growth. The protein can be extracted from nuts, legumes and animal products. The protein also known chemically as amino acids, is crucial in metabolism and immune system performance. The protein ingredients are added as an nutritional element in the food and beverages, pharmaceuticals, personal care products and animal feed.
Browse the full “Protein Ingredient Market By Product Type (Plant Protein, Animal/Dairy Protein) and By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals and Animal Feed): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/protein-ingredient-market-by-product-type-plant-protein-1232
The rising importance and awareness of nutritional elements essential for quality health have been the primary catalyst driving the demand for protein ingredient. With continuous research and development in the macronutrients, rising demand for nutritional personal care and healthcare products, increase in the economic growth and consumer preference for functional products have further boosted the market growth. However, stringent government regulations on soybean sourced protein especially in the European region is expected to act as hurdle for the market growth of plant-based protein in the European region.
The plant-based protein ingredients market is expected to dominate the global protein ingredient market. The plant based protein market is expected to witness highest growth during the forecast period. The major factors driving the growth of plant based protein ingredients are the comparative lower cost and consumer preference towards the plant protein ingredients. The consumer perceives the plant based protein to be healthier and high in nutrition in comparison to the animal-based protein ingredients. The soybean extracted protein ingredient is major plant-based protein source.
The food and beverages industry is expected to remain the largest application. The food and beverage application is also expected to witness highest growth during the forecast period. The factors responsible for the growth can be largely attributed to the growing consumer awareness about the nutritious diet for the adult and infants. Additionally, the rising demand for processed foods and energy drinks are further propelling the demand for protein ingredients in the food and beverages industry. The ever growing food and beverages industry mainly driven by the rising population and changing lifestyle majorly in the developing countries, is anticipated to drive the market growth during the forecast timeline. The Asia Pacific region is expected to grow at highest rate during the forecast period. The market is also expected to contribute for significant revenue in the global protein ingredient market. China, India, Japan and Australia are expected to contribute heavily in the regional growth. The rising population and economic condition in the region is expected to play key role in market expansion.
Major players operating in the global protein ingredient market covered in this report include Bunge, Cargill, ADM, DuPont, Mead Johnson and Friesland Campina.
This report segments the global protein ingredient market as follows:
Global Protein Ingredient Market: By Equipment Type Segmentation Analysis
- Plant Protein
- Animal/Dairy Protein
Global Protein Ingredient Market: By Application Segmentation Analysis
- Food & Beverages
- Personal Care & Cosmetics
- Animal Feed
Global Protein Ingredient Therapeutics Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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