Protein Ingredients Market Overview:
AS per the MRFR reports, the global protein ingredients market is anticipated to record a healthy CAGR of over 8.71% during the review timeframe to acquire a size of approximately USD 90.173 Million by 2032.
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.
Competitive Landscape:
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 Companies 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.
Segmentations:
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, pharmaceutical, functional foods, and others.
Regional Analysis:
The global protein ingredients industry 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.
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.
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.
Related Reports:
Polydextrose Market: https://www.marketresearchfuture.com/reports/polydextrose-market-22657
Potato Fiber Market: https://www.marketresearchfuture.com/reports/potato-fiber-market-22661
Potato Peel Powder Market: https://www.marketresearchfuture.com/reports/potato-peel-powder-market-22664
Cupuacu Butter Market: https://www.marketresearchfuture.com/reports/cupuacu-butter-market-27115
Digestive Bitters Market: https://www.marketresearchfuture.com/reports/digestive-bitters-market-27116
Creatine Supplement Market: https://www.marketresearchfuture.com/reports/creatine-supplement-market-22932
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
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
+1 628 258 0071