Protein Ingredients Market Size, Share, Trends, Industry Analysis Report 2022 to 2027

February 02 21:29 2023
Protein Ingredients Market Size, Share, Trends, Industry Analysis Report 2022 to 2027
Protein Ingredients Market Research & Forecast Report 2022-2027
The global protein ingredients market size reached US$ 37.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.3 Billion by 2027, exhibiting a CAGR of 5.57% during 2022-2027.

According to the latest report by IMARC Group, titled, “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global protein ingredients market size reached US$ 37.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.3 Billion by 2027, exhibiting a CAGR of 5.57% during 2022-2027.

Protein ingredients include meat, poultry, fish, eggs, fruits, grains, nuts, and seeds. They also consist of large molecules of amino acids that help build muscle, aid muscle recovery, and support weight loss. They assist in moderating blood sugar levels, reducing inflammation, and mitigating the risk of chronic diseases. They are consequently widely used in food and beverages (F&B), personal care and cosmetics, pharmaceuticals, and animal feed.

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Protein Ingredients Market Trends and Drivers:

The growing geriatric population, along with increasing cases of nutritional deficiency, represents one of the key factors positively influencing the market. In addition, the rising health consciousness among individuals and increasing adoption of protein ingredients by athletes to increase muscle growth are bolstering the market growth. Apart from this, the growing number of people adopting veganism is catalyzing the demand for plant-based protein ingredients, such as wheat, soy, and peas. Additionally, the increasing usage of mobile applications that facilitate easy accessibility of protein ingredients via e-commerce platforms, coupled with secured payment gateways and free doorstep delivery, is contributing to the market growth. Furthermore, the increasing adoption of protein ingredients in personal care products, such as shampoos, conditioners, body lotions, and face creams, is stimulating the growth of the market worldwide.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Cargill, Inc.
  • Archer-Daniels-Midland Company
  • Kerry Group
  • Omega Protein Corporation
  • Mead Johnson.

Protein Ingredients Market 2022-2027 Competitive Analysis and Segmentation:

The report has segmented the market based on product type and application.

Breakup by Product Type:

  • Animal Proteins
  • Egg Protein
  • Whey Protein
  • Gelatin
  • Casein
  • Milk Protein Concentrates/Isolates
  • Plant Proteins
  • Wheat Protein
  • Soy Protein
  • Pea Protein
  • Others

Animal proteins currently hold the majority of the market share due to the increasing consumption of meat, chicken, seafood, and various animal by-products around the world.

Breakup by Application:

  • Food and Beverages
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Animal Feed

Food and beverages represent the largest market segment due to the escalating demand for foods and beverages prepared with protein ingredients on account of the increasing global population.

Regional Insights:

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Europe exhibits a clear dominance in the market due to the rising awareness among the masses about leading a healthy lifestyle and the benefits of protein in maintaining overall health and development.

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