IMARC Group, a leading market research company, has recently releases report titled, “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global protein ingredients market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the protein ingredients market?
|Market Size in 2022||US$ 39.9 Billion|
|Market Forecast in 2028||US$ 54.7 Billion|
|Growth rate (2023 to 2028)||CAGR of 5.3%|
|Base Year of the Analysis||2022|
What is protein ingredients?
Protein ingredients are obtained from various sources and help in building and repairing muscles and bones. They also assist in reducing muscle loss, building lean muscles, maintaining a healthy weight, and curbing hunger pangs. Apart from this, they help in improving the texture of hair and reducing breakage and split ends. As protein ingredients also aid in reducing the risk of chronic disease, regulating weight, and improving physical strength, they are increasing being included in different food products and beverages.
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What are the growth prospects and trends in the protein ingredients industry?
At present, the growing global population and the rising prevalence of protein deficiency diseases, such as kwashiorkor and marasmus, represent one of the key factors positively influencing the market worldwide. In addition, the growing consciousness of people about overall wellbeing and health and fitness is catalyzing the demand for protein-rich food products, such as lentils, cheese, peanuts, almonds, milk, yogurt, and tofu. Moreover, the emerging adoption of veganism is offering lucrative opportunities to leading market players to introduce vegan protein supplements. This, in confluence with the easy availability of food items across various e-commerce websites, is creating a favorable market outlook. Furthermore, the expansion of fitness centers is impelling the growth of the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Animal Proteins
- Egg Protein
- Whey Protein
- Milk Protein Concentrates/Isolates
- Plant Proteins
- Wheat Protein
- Soy Protein
- Pea Protein
Breakup by Application:
- Food and Beverages
- Personal Care and Cosmetics
- Animal Feed
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Cargill, Inc.
- Archer-Daniels-Midland Company
- Kerry Group
- Omega Protein Corporation
- Mead Johnson.
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