Protein Ingredients Industry To Register Significant Growth Globally By 2028

0
39

Market Overview

The Protein Ingredients Industry is slated to record a CAGR of 10.0% during the forecast period (2021 to 2028).

Market Dynamics

The increasing demand for food products made with protein ingredients, such as margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages led to the market gaining traction and experiencing high demand. The market is also growing due to rising consumption of these items by health-conscious and elderly consumers. Furthermore, an increase in the production of several proteins by various manufacturers that contain a wide range of amino acids and perform specific functions, such as satiety, muscle recovery, weight loss, and energy balance, is expected to provide the market with enormous growth opportunities. Increased demand for protein functionalities, increased understanding of a balanced diet and nutritious food, new technical advancements in the Protein Ingredients Industry, increased demand for superior personal care and healthcare products, and increased consumption of animal by-products are all driving market growth.

COVID-19 is projected to raise demand for protein ingredients in the global market at a much faster pace. People are becoming more aware of the need to improve their immune systems in order to avoid becoming poisoned more easily, which is motivating them to live a healthier lifestyle and eat a balanced diet.

Segmental Analysis

The Protein Ingredients Industry is categorized into smaller segments such as feedstock, form, and applications in order to analyze the market.

The feedstock segment is categorized into beef, canola, casein, egg, milk, pea, pork, soy, wheat, whey, and others. Analysts have studied these sub segments.

Based on form, the global market is further segmented into bars, capsules & tablets, powder, ready to drink, and others.

On the basis of applications, the market is segmented into smaller segments including confectionery & other food products, functional foods, meat additives, pharmaceutical, sports nutrition, and others.

Regional Analysis

In 2020, North America dominated the industry, accounting for more than 40.0 percent of global sales. Increased consumption of snacks, cold cereals, and energy bars is driving up demand for protein ingredients. In recent years, the intake of animal-based products in the United States has increased significantly. Over the next few years, animal protein is expected to rise even more in the world. The product demand in the United States is expected to rise due to strong demand for these products derived from animal sources in the domestic market. Over the forecast period, the market is expected to be driven by supply chain initiatives undertaken by ingredient manufacturing companies to improve product distribution.

Germany accounted for the largest share of sales in the European region in 2020. The increase in Germany's geriatric population has fueled demand for medical nutritional products that help maintain bone and muscle mass. In recent years, this has boosted demand for these ingredients. Furthermore, the role of protein powder market in the treatment of Alzheimer's disease has had a positive effect on the German market.

Due to emerging consumer markets in countries like China and India, Asia Pacific is projected to have the highest sales growth rate during the forecast period. China has been one of the largest producers of plant and animal-based products due to the easy availability of raw materials. In China, soy protein is widely consumed, accounting for more than 91 percent of the country's plant-based protein market. Furthermore, over the next few years, increasing reliance on packaged foods and beverages is expected to drive product demand in South Korea, Malaysia, Indonesia, India, and China.

Competitive Analysis

The leading market players in the global Protein Ingredients Industry primarily are Archer-Daniels-Midland Co. (U.S.), Solae (U.S.), Shandong Yuwang Industrial Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Gushen Biological Technology Group Co., Ltd (China), Solbar (Israel) and Nutripea (Canada). Market players are employing a variety of strategies in order to meet the demand for the commodity while also lowering overall costs by lowering raw material and labor costs. With both fragmented and centralized market systems in developing and developed countries, there is a strong potential for independent, public, and internationally renowned players in the market. To capture emerging markets and compete with domestic players, the major players are pursuing mergers and acquisitions. The strategy has also aided businesses in expanding distribution networks to ensure a better supply of goods across regions.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Email: sales@marketresearchfuture.com

 

 

Pesquisar
Categorias
Leia Mais
Networking
SUPER SHEEN Market Share, Trend, Segments, Top Companies and Outlook
Silane siloxane water repellents are chemical compounds used for waterproofing and protecting...
Por Pradip Thakre 2023-07-04 07:06:09 0 140
Health
Bioinformatics Market Size, Opportunities, Analysis and Trends by Forecast to 2030
The Bioinformatics Market Overview, Information, by Application, by Technology and Services, by...
Por Adhira Paul 2023-06-19 08:11:21 0 129
Outro
Fresh Food Packaging Market 2023 Boost Demulsifier Demand Led by Rising Industrialization
Fresh Food Packaging Market-Overview The market of Fresh Food Packaging is anticipated to reach...
Por Maxjoy Joy 2023-05-05 06:20:31 0 36
Outro
Packaging Tape Printing Market, Regional Trends and Opportunities, Revenue Analysis, For 2030
Introduction In the world of packaging, first impressions matter. When it comes to securing and...
Por Ganesh Mhetre 2023-05-31 08:16:49 0 25
Health
Carbon Nanotube Market Share, Scope Analysis 2023-2029
The global carbon nanotube market size was valued at USD 902 million in 2021 and is poised to...
Por Rekha Muthyala 2023-05-02 09:10:18 0 31