Protein Hydrolysate Market: Current Analysis and Forecast (2021-2027)

Protein Hydrolysate Market: Current Analysis and Forecast (2021-2027)

Global Protein Hydrolysate is Expected to Display an Elevated CAGR of ~8% over the forecast period (2021-2027)

The demand for protein hydrolysate across the globe is promulgating on account of the rising consumer awareness about the nutrient's insufficiency due to improper food consumption, an emerging number of malnutrition suffered people, etc. As per a study by Oregon State University, about 75% of the US population (ages ≥1 year) do not consume the recommended intake of fruit, and more than 80% do not consume the recommended intake of vegetables. In addition, nearly 10% of the U.S. population has nutrition deficiencies. 10.5% population has Vitamin B6 deficiency, while 8.1% have vitamin D deficiency, as revealed by the Centers for Disease Control and Prevention. Furthermore, there was an 8.9% percentage of undernourished people in Greenland in 2019, As revealed by the Food and Agriculture Organization of the United States,

Moreover, rising lactose intolerance among consumers is one of the key factors that are contributing to the growing demand for protein products; therefore, surging demand for protein hydrolysate. According to the National Digestive Diseases Information Clearinghouse, some 30 million to 50 million Americans are lactose intolerant, including up to 75% of African Americans and American Indians and 90% of Asian Americans.

Also, the shifting trend from animal-based protein to plant protein is propelling the growth of the protein hydrolysates. As per the PlantProteins.co report, 6% of U.S. consumers eat a vegan diet, up from just 1% in 2014. This diet is higher in fiber and lower in cholesterol and fat than an omnivorous diet, and it scores higher on the Healthy Eating Index Trusted Source. AMCO Proteins, Arla Foods Ingredients Group P/S, Griffith Foods Inc., Kerry Inc., Tate & Lyle PLC, Royal DSM N.V., Nestle S.A, Glanbia PLC, FrieslandCampina, Classic Organic Chemicals, etc., are some of the prominent players operating in the Protein Hydrolysate market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report
"Amongst source, plant segment to grab considerable market share”

Based on the source, the market is fragmented in plant and animal. The animal segment grabbed XX% market share in 2020 and dominated the market. The demand for animal protein hydrolysates is higher as compared to plant-based hydrolysates owing to the presence of high protein content in animal-based sources as compared to their counterparts. However, the growing shift towards veganism would proliferate the demand for plant-based protein hydrolysate
"Amongst form, dry segment dominated the market in 2020”

Based on the form, the market is fragmented into dry and liquid. The dry segment grabbed the major market share and dominated the market. The increasing R&D has resulted in the advancements in the biotechnology and microbiology research activities, which has resulted in the production of the enhanced dry form of plant-based protein ingredients
"Amongst application, sports nutrition segment to grab considerable market share”

Based on the application, the market is fragmented Sports Nutrition, dietary supplements, Others. The sports nutrition segment grabbed the XX% market share in 2020. However, the dietary supplements segment would witness a considerable CAGR in the forthcoming years
"Amongst process, enzymatic hydrolysis, segment to grab considerable market share”

Based on the process, the market is fragmented into Enzymatic Hydrolysis, and Acid & Alkaline Hydrolysis. The enzymatic hydrolysis segment grabbed the XX% market share in 2020. However, the Acid & Alkaline Hydrolysis segment would witness a considerable CAGR in the forthcoming years
"North America represents one of the largest markets of Protein Hydrolysate market”

For a better understanding of the market adoption of the Protein Hydrolysate market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America region grabbed XX% market for the Protein Hydrolysate Market industry and generated revenue of USD XX Million in 2020. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming years

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