Protein Ingredients Market Overview:
AS per the MRFR reports, the global protein ingredients market is anticipated to record a healthy CAGR of over 10.0% during the review timeframe to acquire a size of approximately USD 85,200 Million by 2028.
Proteins are prepared from building blocks called amino acids. There are over 20 different amino acid types connected in various combinations. The global protein ingredients market has recorded praiseworthy growth in recent years.
The increasing preference of consumers is primarily driving the growth of the market. Furthermore, the increase in food safety issues related to animal protein and increasing awareness among consumers are also likely to catalyze the growth of the protein ingredients market over the forecasted timeframe.
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Segment Analysis
The global protein ingredients market has been split into numerous segments based on applications, form, feedstock, and region.
Based on feedstock, the global market for protein ingredients is split into whey, soy, pea, egg, canola, wheat, pork, milk, casein, beef, and others.
Based on form, the global protein ingredients market is divided into ready-to-drink, powder, capsules & tablets, bars, and others.
Based on application, the global market for protein ingredients is fragmented into sports nutrition, meat additives, confectionery & other food products, pharmaceuticals, functional foods, and others.
Regional Analysis
The global protein ingredients market is studied across several geographies, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
The MRFR report suggests that the North American region will likely dominate the global protein ingredients market over the forecasted era. The increasing disposable income is primarily driving the growth of the regional market. The U.S. is the leading market across the region.
The European regional market for protein ingredients is further divided into France, the United Kingdom, Italy, and Germany.
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The protein ingredients market across the Asia-Pacific region is further divided into Japan, China, India, and others. The regional market is likely to record substantial growth over the forecasted era due to the consumer market’s shifting trends. On the other hand, unstable raw material prices might restrict the regional market’s growth.
Competitive Analysis
The global market for protein ingredients has a strong and competitive landscape with a wide number of players spread worldwide. The players in the market worldwide are accepting new growth policies and plans to strengthen their market footprint. The list of leading players in the global protein ingredients market includes Nutripea (Canada), Solbar (Israel), Shandong Sinoglory Health Food Co., Ltd (China), Solae (U.S.), Gushen Biological Technology Group Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Archer-Daniels-Midland Co. (U.S.), and several others.
Recent Developments
- January 2022 – A food-tech firm unraveling the natural genetic diversity of plants with its cutting-edge food innovation engine, Benson Hill, Inc., has announced it has acquired ZFS Creston, LLC, a recognized food-grade white flake and soy flour manufacturing operation based in southwest Iowa, for over USD102 million principally funded through a new debt facility. The funding meets the last step in Benson Hill’s ability to convert its trademarked soybeans into value-added soy protein ingredients for underserved pet and human food categories.
- January 2022 – a life science ingredient distributor, Barentz, has announced that it will be the exclusive North American distributor for ACT Polyols (ACT). The Pakistan-based company aims to grow in the clean label market with protein isolates and non-GMO, rice-derived sweeteners. Its ingredients, available in conventional and organic grades, are used in dietary supplements and food products, such as baked goods, energy bars, confectionery, desserts, and beverages.
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