Protein Ingredients Market Overview
The Protein Ingredients Market is showing chances of covering and surpassing a production of over 5,547.12 KT by 2022 that would get accelerated at a CAGR of 3.87% from 2017. The CAGR is based on volume and it would witness the growth between 2016 to 2022, which the report marks as the forecast period. Market Research Future (MRFR) finds Europe and North America as the most notable consumers of protein ingredients with the Asia Pacific region increasing its pace constantly. Rising demand in overall health and wellness products that are enriched with protein in the food and beverages can inspire better growth for the Protein Ingredients Market.
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Whey and soy are the largest sources for these proteins as their market coverages can generate revenue from well-over 35% of the market. Protein sources like whey, soybean, and casein can be considered as major influencers for the Protein Ingredients Market. In addition, rising demand for food security and growing veganism would trigger a shift towards soybean, pea, and canola, various plant-based proteins.
Competitive Landscape
Several companies are known for their extensive market processes that impact market growth for the coming years. These companies are Solae (U.S.), Archer-Daniels-Midland Co. (U.S.), Shandong Sinoglory Health Food Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Solbar (Israel), Gushen Biological Technology Group Co., Ltd (China), and Nutripea (Canada). MRFR has launched a proper analysis to get to the bottom of steps taken by these companies to solidify their own market position and assist in holistic growth. These companies are known for their extensive performance in the global market and charting their course would give a clear-cut idea about how the market is making progress.
Industry Update
In October 2019, TruWomen launched a new type of protein bar that has proteins sourced from plants and per bar they produce almost 200 calories. In these bars protein ingredients like brown rice, cassava flour, and almond butter get used for the production.
Segmentation:
The global market for Protein Ingredients can be segmented into feedstock, form, and application. These segments are known for their extensive insights on the factors that influence the global market from a financial perspective. These factors are getting support from various data on the dynamics and demographic challenges.
By feedstock, the growth of the global market for Protein Ingredients can be segmented into pea, soy, wheat, whey, canola, casein, milk, beef, egg, pork, and others. These segments are known for their contributions to various product types.
By form, the global market for protein segments can be segmented into bars, powder, capsules & tablets, ready to drink, and others. the capsules & tablets segment is getting a significant rise. The ready to drink segment has considerable market contribution owing to its high market penetration.
By application, the global market report of protein segments covers sports nutrition, functional food, confectionery & other foods, meat additives, pharmaceutical, and others. The pharmaceutical sector is getting significant thrust from the global market and
Regional Analysis
The Europe market for Protein Ingredients maintains a strict held over 39.4% of the market share in 2017. This is mostly getting significant traction from hike in awareness regarding health and increasing the number of vegans who are preferring plant-based diets. Specific protein ingredients to support muscle growth, manage weight are also supporting the regional market growth. Canola, in plant proteins and whey, in animal-based proteins can register the fastest growth. These two had a market coverage of over 50% in 2017.
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Soybean and whey are deemed to make better grounds in the Asia Pacific region by taking their profits higher than their 60% market coverage in 2017. China would promote itself as the largest market contributor in this segment.
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