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Global Protein Ingredients Market to Reach USD 48.1 Billion by 2026, Aided by the Surge in Health-Conscious Consumers

According to a new report by EMR titled, 'Global Protein Ingredients Market Report and Forecast 2021-2026', the global market for protein ingredients reached a value of USD 33.9 billion in 2019. The market is further expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach USD 48.1 billion by 2025.

The global market for protein ingredients is being driven by the rising incidences of diabetes, obesity, and malnutrition, leading to a surge in health-conscious consumers across the world. Further, the product is widely used in the food and beverages industry in the production of infant formula, dairy and bakery products, beverages, and dietary supplements owing to its several benefits, such as weight regulation, increased immunity and physical strength, and muscle loss reduction.

Archer-Daniels-Midland Company (NYSE: ADM) is an American food company that offers processed foods and commodities across the globe. In May 2019, the company announced that it would present its most recent plant-based protein ingredients soon. This would also allow cost-effective meat processing and vegetarian and vegan substitutes to serve as current consumer trends. Such developments are expected to influence the market positively.

Market Analysis by Product Type, Application, and Region:

  • The protein ingredients industry, on the basis of product type, is bifurcated into animal proteins and plant proteins. Animal proteins are further divided into egg protein, whey protein, gelatine, casein, and milk protein concentrates/isolates, whereas plant proteins are further divided into wheat protein, soy protein, pea protein, among others.
  • On the basis of application, the market is divided into food and beverages, personal care and cosmetics, pharmaceuticals, and animal feed.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for protein ingredients is being driven by the rising number of health-conscious consumers across the globe. 
  • The rising per capita incomes and change in lifestyle choices is further augmenting the industry growth.
  • The market is finding impetus by the introduction of protein-rich food and beverages in the market.
  • Protein ingredients are witnessing huge demand in the health and fitness sector. They are used as dietary supplements or sports nutrition products, further aiding the market growth.
  • The increasing cases of obesity, diabetes, and malnutrition have also led people to adopt the use of protein ingredients in their diet, as a result, impelling the industry growth of protein ingredients.
  • Protein ingredients are easy to cook and very convenient, further providing impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for protein ingredients for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, applications, and regional markets of protein ingredients. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Cargill, Incorporated, Archer-Daniels-Midland Company, Kerry Group, Omega Protein Corporation, and Mead Johnson are the key players in the global protein ingredients market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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