Global Protein Ingredients Market 2024-2028
The protein ingredients market is forecasted to grow by USD 27025.6 mn during 2023-2028, accelerating at a CAGR of 10.03% during the forecast period. The report on the protein ingredients market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing infant formula market, increase in demand for soy proteins, and growing demand for sports nutrition products.
Technavio's protein ingredients market is segmented as below:
By Source
- Animal based protein
- Plant-based protein
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increase in promotional and marketing initiatives as one of the prime reasons driving the protein ingredients market growth during the next few years. Also, growth in food and beverages industry and rising awareness of health benefits of whey will lead to sizable demand in the market.
The report on the protein ingredients market covers the following areas:
- Protein ingredients market sizing
- Protein ingredients market forecast
- Protein ingredients market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading protein ingredients market vendors that include Archer Daniels Midland Co., Axiom Foods Inc., Burcon NutraScience Corp, Cargill Inc., CHS Inc, Darling Ingredients Inc., DuPont de Nemours Inc., Farbest Brands, Fonterra Cooperative Group Ltd., Ingenza Ltd., Kewpie Corp., Mead Johnson and Co. LLC, Perfect Day Inc., Proeon, Protera, Roquette Freres SA, Rousselot SDN. BHD., Sotexpro, The Peterson Company, Victory Hemp Foods, and Ynsect SAS. Also, the protein ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.