Protein Ingredients Market to Reach $73.09 Billion by 2027-- Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

News provided by

Mar 02, 2021, 07:00 ET

LONDON, March 2, 2021 /PRNewswire/ -- According to a new market research report titled "Protein Ingredients Market by Type (Animal Protein, Plant Protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), and Application (Food & Beverage, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics) — Global Forecast to 2027", the protein ingredients market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach $73.09 billion by 2027.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5173

Protein ingredients play a vital role in healing and repairing the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates. They also help in regulating weight, improving physical strength, lowering muscle loss caused by aging, and mitigating the risk of chronic diseases. As a result, protein ingredients are widely used in the production of foods and beverages, animal feed, nutrition and health supplements, personal care and cosmetic products, and pharmaceuticals. Major factors driving the growth of the protein ingredients market are the growth in the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. Additionally, the growing potential of insect and plant proteins, untapped emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing consumer inclination towards the vegan diet are expected to provide significant growth opportunities for protein ingredient manufacturers in the coming years.

The Impact of COVID-19 on the Protein Ingredients Market

The COVID-19 pandemic has had a mixed impact on the protein ingredients market. The positive aspects include the growing inclination of health-conscious consumers towards healthy and protein-rich products. The protein ingredients market is experiencing a positive impact mainly due to the key role of protein in immune system health. During the pandemic, Individuals have become highly focused on boosting immunity and reducing weight, which is likely to increase the demand for protein ingredients. However, this industry has faced some challenges from the manufacturing and distribution point of view. The outbreak has led to massive disruptions in supply chains and caused demand-based fluctuations in the prices of raw materials, which may increase protein ingredient prices. This market has witnessed a slight decline due to the lockdowns imposed across various countries. Protein ingredient manufacturers are facing a shortage in the supply of raw materials in many regions. Moreover, in some regions, lockdowns have been announced to control the pandemic, impacting the ingredient supply chains for food, feed, and health supplements.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5173

The pandemic has also led to the adoption of best practice models by the alternative protein industry, which earlier proved too restrictive during the outbreak. Governments of some countries announced relaxations in some of the competition law requirements placed on protein ingredient-based products. For instance, the FDA relaxed its guidelines for selling plant protein-based meat products. Earlier, due to labeling concerns, the FDA did not allow direct-to-consumer sales of Impossible raw plant-based meat burgers. Insects are now also being considered a solution for food shortages that may come as a consequence of the coronavirus outbreak. Edible insects are incredibly sustainable and only use a fraction of the feed, water, and resources required by traditional livestock and other alternative protein sources, which is likely to ease pressures on the global food supply chain.

The protein ingredients market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the protein ingredients market is mainly segmented into animal protein, plant protein, insect protein, and microbial protein. The animal protein segment accounted for the largest share of the overall protein ingredients market in 2020. The leading position of this segment is mainly attributed to the animal protein ingredients' foremost usage in a large number of end-use applications such as functional foods, infant nutrition, and protein supplements, their better nutritional contour than other protein ingredients, and comparatively lower prices than novel protein ingredients. However, the insect protein segment is expected to register the highest CAGR during the forecast period.

Based on form, the protein ingredients market is segmented into dry and liquid forms. The dry form segment accounted for the larger share of the overall protein ingredients market in 2020, which is mainly attributed to the dry protein ingredients' higher demand due to their ease of handling & transportation, cost-effectiveness, and ability to avoid costly formulation errors and maintain the stability of the ingredient. This segment is also expected to record the higher CAGR during the forecast period.

Quick Buy – Protein Ingredients Market Research Report: https://www.meticulousresearch.com/Checkout/66351235

Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. The segment's large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean label' trend.

Geographically, Europe commanded the largest share of the global protein ingredients market in 2020. Europe's prominent position is primarily attributed to the changing food consumption patterns in favor of functional foods, a well-established food & beverage industry, rising concerns regarding animal-based products and proteins, increasing vegan population, growing preference for functional and nutritious ingredients, increasing demand for healthy & nutritious products, and growing health & wellness trends. However, the Asia-Pacific region is expected to record the highest CAGR during the forecast period.

The key players operating in the global protein ingredients market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Kerry Group (Ireland), Roquette Freres (France), Arla Foods amba (Denmark), Fonterra Co-Operative Group Limited (New Zealand), Royal FrieslandCampina N.V. (Netherlands), AMCO Proteins (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), GELITA AG (Germany), CHS Inc. (U.S.), Kewpie Corporation (Japan), Omega Protein Corporation (U.S.), Hilmar Ingredients (U.S.), AgriProtein (South Africa), Crespel & Deiters GmbH & Co. KG (Germany), Ÿnsect (France), Farbest Brands (U.S.), Enterra Feed Corporation (Canada), Sotexpro (France), Protix (Netherlands), Now Foods (U.S.), Entomo Farms (Canada), Cosucra Groupe Warcoing SA (Belgium), DIC Corporation (Japan), Taiwan Chlorella Manufacturing Company (Taiwan), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), MycoTechnology Inc. (U.S.), and 3Fbio Ltd. (U.K.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/protein-ingredients-market-5173

Scope of the Report

Protein Ingredients Market, by Type

Animal

Dairy Protein

Milk Protein
Whey Protein
Casein & Caseinates

Egg Protein
Gelatin
Other Animal Proteins

Plant

Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein
Canola Protein
Corn Protein
Other Plant Proteins

Insect
Microbial

Algae
Fungi
Others

Protein Ingredients Market, by Form

Dry
Liquid

Protein Ingredients Market, by Application

Food & Beverage
Animal Feed
Nutrition and Health Supplements
Pharmaceuticals
Personal Care and Cosmetics
Others

Protein Ingredients Market, by Geography

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
RoE

Asia-Pacific (APAC)

China
India
Japan
Australia
RoAPAC

Latin America
Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5173

Amidst this crisis, Meticulous Research^®is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

Related Reports-

Edible Insects Market by Product (Whole Insect, Insect Powder, Insect Meal, Insect Oil) Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages) - Global Forecast to 2027

https://www.meticulousresearch.com/product/edible-insects-market-5156

Black Soldier Fly Market by Product Type (Protein Meal, Whole Dried Larvae, Oil, Biofertilizer, Live Insect, Chitin/Chitosan), Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, and Cosmetics), and Geography- Global Forecast to 2030

https://www.meticulousresearch.com/product/black-soldier-fly-market-5074

Plant Based Food Market by Product Type (Dairy Alternatives, Meat Substitute, Plant-Based Eggs, Confectionery), Source (Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) - Global Forecast to 2027

https://www.meticulousresearch.com/product/plant-based-food-products-market-5108

Dairy Alternatives Market by Product Type (Plant Milk, Cheese, Yogurt, Butter, Ice Cream), Source (Almond Protein, Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) - Global Forecast To 2027

https://www.meticulousresearch.com/product/dairy-alternatives-market-5128

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/394/protein-ingredients-market-2027