DUBLIN--(BUSINESS WIRE)--The "Protein Ingredients Market by Type (Animal Protein, Plant Protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), Application (Food and Beverages, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth analysis of the protein ingredients market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecasts till 2028. The Protein Ingredients Market is expected to reach $79.7 billion by 2028, at a CAGR of 8.0% during the forecast period 2021-2028.
The growth of this market is mainly attributed to the growth of the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. However, fluctuating raw material prices and the high cost of protein ingredients such as insect protein and algal protein are expected to restrict the market's growth.
The study offers a comprehensive analysis of the protein ingredients market based on type, form, application, and geography. The protein ingredients market is mainly segmented by type (animal protein [dairy protein {milk protein and whey protein}], casein & caseinates, egg protein, gelatin, and others), plant protein (soy protein, wheat protein, pea protein, rice protein, potato protein, canola protein, corn protein, and others), insect protein, and microbial protein (algae, fungi, and others)), form (dry and liquid), application (food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Geographically, Europe is estimated to account for the largest share of the protein ingredients market in 2021. Europe's largest share is primarily attributed to the changing food consumption patterns in favor of functional foods, a well-established food & beverage industry, rising concerns over animal-based products and proteins, increasing vegan population, growing preference for functional and nutritious ingredients, increasing demand for healthy & nutritious products, and growing health & wellness trends. However, Asia-Pacific is expected to register the highest CAGR during the forecast period.
Key Questions Answered in the Report
- Which are the high-growth market segments in terms of type, form, application, and region/country?
- What is the historical market size for protein ingredients globally?
- What are the market forecasts and estimates for the period 2021-2028?
- What are the major drivers, restraints, challenges, and opportunities in the global protein ingredients market?
- Who are the major players in the global market, and what share of the market do they hold?
- Who are the major players in various countries, and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global protein ingredients market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global protein ingredients market, and how do they compete with the other players?
Market Dynamics
Drivers
- Growth of The Functional F&B Market
- Advancement in Ingredient Technologies Such as Microencapsulation
- Rising Demand for Livestock Products
- Growing Demand for Protein-Rich Diet
Restraints
- Fluctuating Raw Material Prices
- High Cost of Protein Ingredients Such as Insect Protein and Algal Protein
Opportunities
- Growing Potential of Insect and Microbial Proteins
- Emerging Economies
- Increasing Inclination Towards Vegan Diet
Trends
- Lab Meat - New and Emerging Type of Protein
- Challenges
- Increasing Soy-Free and Gluten-Free Trends
Companies Mentioned
- Cargill Incorporated
- Archer Daniels Midland Company
- E.I. Dupont De Nemours and Company
- Kerry Group
- Roquette Freres
- Arla Foods amba
- Fonterra Co-Operative Group Limited
- Royal FrieslandCampina N.V.
- AMCO Proteins
- Axiom Foods Inc.
- Burcon NutraScience Corporation
- Glanbia plc
- GELITA AG
- CHS Inc.
- Kewpie Corporation
- Omega Protein Corporation
- Hilmar Ingredients
- AgriProtein
- Crespel & Deiters GmbH & co. kg
- Ynsect
- Farbest Brands
- Enterra Feed Corporation
- Sotexpro
- Protix
- Now Foods
- Entomo Farms
- Cosucra Groupe Warcoing SA
- DIC Corporation
- Taiwan Chlorella Manufacturing Company
- Tianjin Norland Biotech Co. Ltd.
- Cyanotech Corporation
- MycoTechnology Inc.
- 3Fbio Ltd
For more information about this report visit https://www.researchandmarkets.com/r/w0gr8s
