Protein Ingredients Market by Source (Animal and Plant), Form (Dry and Liquid), Application (Food & Beverages, Animal Feed, Pharmaceuticals, and Cosmetics & Personal Care), and Region (NA, EU, APAC, SA, RoW) - Global Forecast to 2025
Northbrook, IL -- (SBWIRE) -- 12/17/2020 -- The report "Protein Ingredients Market by Source (Animal and Plant), Form (Dry and Liquid), Application (Food & Beverages, Animal Feed, Pharmaceuticals, and Cosmetics & Personal Care), and Region (NA, EU, APAC, SA, RoW) - Global Forecast to 2025", The global protein ingredients market size is estimated to be valued at USD 52.5 billion in 2020 and projected to reach USD 70.7 billion by 2025, at a CAGR of 6.1%. The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as nutrition and functional ingredients.
Browse 266 market data Tables and 47 Figures spread through 248 Pages and in-depth TOC on "Protein Ingredients Market - Global Forecast to 2025"
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The protein ingredients market, by form, is estimated to be dominated by the dry segment. The process of formulating dry proteins is relatively easier for high volume manufacturing. It is easier to handle and transport dry proteins, as compared to the liquid form. Manufacturers prefer dry protein ingredients due to their greater stability, ease of handling & storage, and convenience of usage in a wide range of products.
The protein ingredients market, by source, is projected to be dominated by the animal segment during the forecast period. This is attributed to the diverse flavor profile and nutrition-rich attribute as compared to the plant-based protein. Further, their rising demand for applications in sports nutrition, infant nutrition, and geriatric nutrition, influenced by lifestyle and demographic shifts, is a key market driver.
The pharmaceutical segment is projected to be the fastest-growing, by application, during the forecast period. This is attributed to the increase in the aging population and their need for improved metabolism and health products as proteins are essential amino acids that help the human body boost its immunity and help build and repair tissues. They are the building blocks for bones, muscles, cartilage, skin, and blood. Thus, protein form an important component in the pharmaceutical and healthcare industries.
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Europe is projected to be the largest and fastest-growing market during the forecast period
The European market accounted for the largest share in the market. This dominance is attributed to high consumption in this region. The consumption in Europe is more than twice the global average consumption. The high-protein trend in food & beverages and personal care & cosmetics is gaining a foothold in Germany, as protein claims on food and drink launches continue their growth path. The increasing prevalence of health-related problems along with high importance being laid on the quality, taste, and freshness of foods is modifying food demand, owing to which, the market for protein ingredients is projected to witness growth.
Asia Pacific is the fastest-growing region in the global protein ingredients market. The market in the region is driven by an increase in population growth, especially in countries such as China and India. Further, a rise in demand for healthy food products having a high nutritional value such as soy, wheat, and vegetable protein is driving the market in this region.
This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada).
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