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 of the protein ingredients market analysis, including Industry share, size, trends 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 derived from diverse sources and play a crucial role in muscle and bone development and repair. They contribute to reducing muscle loss, promoting the growth of lean muscle mass, managing weight effectively, and suppressing appetite. Additionally, protein ingredients provide benefits such as enhancing hair texture, reducing breakage and split ends. Their incorporation in various food products and beverages is on the rise due to their potential to mitigate the risk of chronic diseases, facilitate weight regulation, and enhance physical strength.
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What are the growth prospects and trends in the protein ingredients industry?
Currently, the expanding global population and increasing prevalence of protein deficiency diseases, including kwashiorkor and marasmus, are key factors driving the market on a global scale. Furthermore, the growing awareness among individuals about overall well-being, health, and fitness is fueling the demand for protein-rich food products like lentils, cheese, peanuts, almonds, milk, yogurt, and tofu. Additionally, the rising trend of veganism is creating opportunities for market leaders to introduce vegan protein supplements. This, coupled with the easy accessibility of food items through various e-commerce platforms, is contributing to a positive market outlook. Moreover, the proliferation of fitness centers is further propelling market growth worldwide.
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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