Protein Ingredients Market Size - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Protein Ingredients Market Size - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global protein ingredients market is poised to grow at a CAGR of 6.32% during the forecast period (2020 - 2025).

Key Highlights

• Protein ingredients are consumed to maintain the level of proteins in the human body as they are the best source to keep the body fit. The human body is incapable of producing vital amino acids which are required for healing cells.
• The highly matured sports nutrition and functional beverage industries drive the growth of protein ingredients in the global market. Canada and Mexico have emerged as major importers of whey, over the past few years. The Asia-Pacific youth population that extensively uses whey protein for bodybuilding, has been generating considerable demand.
• The leading players such as Roquette Frères and others witnessed the slowdown of the sales and product innovation due to the fact that many companies had to shut down laboratories as an impact of COVID-19. However, surge in the demand for plant-based protein ingredients further strengthen the growth of market.

Key Market TrendsRising Health Benefits Associated with Protein

Growing trends of urbanization, increasing geriatric population, lifestyle changes, increasing number of women in professional spaces are resulting in consumers opting for health and wellness options. Demand is increasing for protein-fortified foods to meet the daily dietary requirement, and protein ingredients have emerged from being a low-profile commodity to a value-enhancing ingredient. Protein foods are also beneficial in preventing weight gain since they make us feel full and require more work for the body to digest them. Based on clinical trials, high-protein diets can help preserve lean body mass and keep a better body composition. Additionally, as an impact of the COVID-19 pandemic, the demand for protein-enriched food products witnessed a significant upsurge among the global consumers, mainly with an aim to boost the immunity level of the consumers, thus, driving the sales of protein ingredients.

North America Holds the Largest Share in Protein Ingredients Market

North America dominates the protein ingredients market. The increasing health consciousness and awareness about the positive effects of protein consumption is anticipated to boost the North American market. Europe is another thriving market for protein ingredients. However, owing to maturation, it is likely to lose some shares to the Asia-Pacific and South American regions in the years to come. Asia-Pacific, on the other hand, is expected to be highly lucrative for market players during the forecast period owing to growing industrial growth, rising disposable incomes, and the growing population.

Competitive Landscape

Major key players in the global protein ingredients market are Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company (ADM), DuPont de Nemours, Inc, and Fonterra Co-Operative Group Ltd., among others. The players offering plant-based protein ingredients are observing extensive growth in the sales, supported by rising veganism in the global market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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