Protein Ingredients Market Forecast 2019-2029 - Market Size, Drivers, Trends, And Competitors

The global protein ingredients market is set to witness remarkable growth, with a projected development rate of 7% during the forecast period from 2019 to 2029, according to the latest market research report by Transparency Market Research. This growth trajectory is expected to elevate the market from its initial valuation of US$ 42.6 billion in 2019 to a staggering US$ 84 billion by 2029. Several factors are driving this growth, including the rising popularity of soy protein products, increased demand for convenience food with added nutrients, and a growing preference for fortified food products.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4582

Key Players and Market Developments
Few of the leading incumbent players and manufacturers participating within the global protein ingredients market are Glanbia PLC, Solae LLC, Cargill PLC, Archer Daniels Midland Co., and Kerry Group PLC, among others.

Dominance of Animal Protein Segment:

Within the protein ingredients market, products are categorized into plant protein (such as wheat protein, pea protein, and soy protein) and animal protein (such as casein, egg protein, whey protein, milk protein, and gelatin), among others. The animal protein segment currently holds a dominant position, accounting for more than 80% of the total market share. This supremacy can be attributed to the increasing consumption of dairy products and eggs globally. However, the rising demand for soy protein is expected to create lucrative opportunities for players in the plant-based protein domain, driven by the increasing usage of texturized vegetable proteins, soy isolates, and soy concentrates.

Diverse Applications:

Protein ingredients find applications across various industries, including beverages, bakery and confectionery, meat and meat products, infant nutrition, supplements and nutritional powder, protein and nutritional bars, breakfast cereals, dairy products, and animal feed, among others. The versatility of protein ingredients makes them indispensable across a wide range of products, contributing to their market growth.

Preference for Concentrates:

In terms of product form, protein concentrates are anticipated to experience higher demand compared to protein isolates in the global market. This preference can be attributed to the cost-effectiveness and versatility of protein concentrates, making them more accessible and adaptable across various applications.

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Regional Insights:

Geographically, North America leads the global protein ingredients market, driven by a highly developed food and beverages industry and an increasingly health-conscious population. Europe also holds a significant position in the market, fueled by the presence of multinational players in the region. Moreover, Latin America and Asia Pacific are emerging as key regions, offering ample opportunities for international industry players due to rapid development and expanding markets.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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This release was published on openPR.