Protein Ingredients Market Size Was Valued at USD 60.0 Billion in 2022, and is Projected to Reach USD 101.6 Billion by 2030, Growing at a CAGR of 6.8% From 2023-2030.
Protein Ingredients Market Size Was Valued at USD 60.0 Billion in 2022, and is Projected to Reach USD 101.6 Billion by 2030, Growing at a CAGR of 6.8% From 2023-2030.
Since amino acids make up protein, protein is a vital part of the human body. Protein components come from a variety of sources, including microbes, plants, animals, and insects. The main characteristics of these substances that are well-known are their viscosity, foaming, emulsification, water-binding ability, and nutritional value. Furthermore, socioeconomic shifts like rising incomes, increasing urbanization, and aging populations are driving up demand for protein globally and contributing to growing demand for the food due to its role in a healthy diet and its ability to promote healthy aging in populations.
One of the primary drivers of this growth is the rising awareness and emphasis on health and wellness among consumers globally. As people become more health-conscious, there is a growing recognition of the essential role that protein plays in maintaining a balanced diet and promoting overall well-being.
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Protein Ingredients Market Top Key Players:
Hilmar (US), Archer Daniel Midland (US), CHS (US), Glanbia Foods (Ireland), Manildra (Australia), Cargill (US), Leprino Foods (US), Geliko (US), NOW (US), AMCO Proteins (US), Vyse Gelatin (US), Great Lakes Gelatin (US), Universal (US), MRM (US), Norland (Canada), Healthy'N Fit (Belgium), Danisco (Denmark), Fonterra Co-operative Group Ltd (New Zealand), Burcon Nutrascience (Canada), Roquette (France), Arla Foods (Denmark), Lactalis Ingredients (France), Omega Protein Corporation (US), AGRANA (Austria) and other Major Players.
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An in-depth examination of the overall Protein Ingredients industry is done to provide this market report encompassing all essential market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
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Segmentation Analysis of the Protein Ingredients Market
Protein Ingredients Market Segmented on the basis of product type, form, and application.
By Product Type
By Form
By Application
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Protein Ingredients Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America region is projected to dominate the protein ingredients market. An increasing demand for dietary supplements, high-performance products, animal-based protein, and others helps the growth of the market. In addition, stability in the spending of the consumers in the U.S. and changes in the Food Safety Modernization Act may mean that America’s food safety laws will concentrate more on the prevention of food abomination, rather than responding to claims of food adulteration.
Moreover, the fitness and wellness trend has gained significant momentum in North America, leading to an upsurge in demand for protein supplements and functional foods. Manufacturers are capitalizing on this trend by incorporating protein ingredients into a variety of products to cater to health-conscious consumers. The region's well-established food and beverage industry, coupled with ongoing innovations in protein ingredient formulations, further contributes to the market's growth.
By Region
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Jan 23, 2024
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