Protein Ingredients Market, by Product Type (Animal Protein (Whey Protein, Casein and Caseinates, Milk Protein, Egg Protein, Gelatin), Plant Protein (Soy Protein, Wheat Protein, Pea Protein, Others)), By Form (Isolate, Concentrate, Others), By Application (Nutritional Supplement Powders, Beverages, Protein & Nutritional Bars, Bakery & Snacks, Breakfast cereals, Meat & Meat Products, Dairy Products, Infant Nutrition, Animal Feed, Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A protein can be referred to as nitrogenous compound that consists of long chains of amino acids. Some of the sources of protein ingredients are wheat, milk, soya, eggs, and meat. Based on product type, market is classified into plant and animal proteins. The animal protein segment is further categorized into casein & caseinates, whey protein, egg protein, milk protein, and gelatin. The plant segment is classified into wheat protein, soy protein, pea protein, and others. Proteins are widely used across supplements and nutritional powders, beverages, animal feed, protein bars, bakery and snacks, breakfast cereals, meat and meat products, infant nutrition, dairy products, and others.
Market Dynamics
Growing protein fortification and standardization is primarily fueling the market growth of protein ingredients. Protein fortification is gaining high demand among the consumer due to shifting preferences for protein in foods and growing demand for weight management food products that are high in protein. Therefore, the rising demand for fortification and standardization across the food industry is projected to propel the market growth of protein ingredients over the forecast period.
The growing popularity of dairy and plant protein blend products is expected to drive the market growth. Blends of dairy and plant proteins enhance the protein levels and also reduce formulation costs, as prices of plant-based protein are less volatile compared to other protein. According to the study conducted in 2015 by DuPont Nutrition & Health, ready-to-drink beverages formulated with blends were more preferred as compared to single protein beverages in terms of both flavor and cost.
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