Global Protein Ingredients Market is valued approximately at USD 35.32 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.5% over the forecast period 2020-2027. Protein Ingredients consist of large biomolecules and macromolecules that are essential for building muscle mass. The protein ingredients are mainly found in animal and dairy products such as milk protein, wheat Protein, Egg Protein , etc. The growing demand of protein in consideration to its nutritional value and the consumer preferences towards the healthy diet and rising awareness about the benefit of protein rich good food which has a good amount of protein value along with its nutritional aspect are the major drivers for the growing demand of protein ingredients. In 2019 A leading a American food and nutrition conglomerate announced the investment of US$75 million deal with PURIS which is one of the largest pea protein for increasing the high quality protein ingredient portfolio, these investment will further boost the protein ingredient market as it will provide more varieties of protein ingredient. However, the cultural restriction on certain protein food such as non veg protein rich food and consumption of Gelatin impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing health awareness and the consumer preferences towards the protein rich diet and the growing potential in dairy and plant protein is likely to increase the market growth during the forecast period.
The regional analysis of global Protein Ingredients market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high protein rich products consumptions and the high protein trend in food and beverages & personal care in Germany. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as emerging consumer markets and easily availability of raw materials would create lucrative growth prospects for the Protein Ingredients market across Asia-Pacific region.
Major market player included in this report are:
Cargill Corporation
ADM
DuPont
kerry Group
Rquette
Arla Foods
Fonterra Co. operative Group Limited
FrieslandCampina
Omega protein corporation
Gelita AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Animal Source
Plant Source
By Form:
Dry
Liquid
By Application:
Food and beverages
Cosmetics and Personal care products
Feed
Pharmaceuticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027
Target Audience of the Global Protein Ingredients Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors