Protein Ingredients Market Value to Hit $62 Billion by 2026, Says Global Market Insights, Inc.

Protein Ingredients Industry demand is set to register more than 7.5% CAGR between 2020 and 2026, propelled by increasing consumer awareness about the benefits of protein-rich diet and plant-based alternatives.

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Global Market Insights, Inc.

Aug 12, 2020, 06:00 ET

SELBYVILLE, Del., Aug. 12, 2020 /PRNewswire/ -- Global protein ingredients market revenue is expected to cross USD 62 billion by 2026, according to a new research report by Global Market Insights, Inc. Increasing demand for natural protein-rich ingredients in infant formulations and rising awareness on healthy nutritional habits is likely to boost product demand.

The protein ingredients industry from animal feed is likely to surpass USD 10.5 billion by 2026, owing to increasing demand for healthy seafood. Strict fishing laws and increasing prevalence of seafood induced outbreaks are likely to boost the aquaculture industry. Rapid adoption of protein-rich aquaculture feed solutions owing to its metabolism-boosting and growth-enhancing characteristics is likely to trigger the global market trends.

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The peak shaving generator sets industry is anticipated to grow owing to the rising electricity demand following which the power utilities have to facilitate load shedding periods in order to compensate for the increased demand. Further, ongoing digitalization and booming IT sector along with the development of data centers and adoption of a work from home regime is set to enhance mass product adoption. Easy availability of fuel in off-grid locations or in areas affected by frequent power cuts and poor grid infrastructure will significantly enhance the business outlook.

Some major findings of the protein ingredients market report include:

The demand for protein ingredients is likely to grow owing to a rising inclination toward natural ingredients in the food & beverage industry
Protein ingredients from textured soy protein are likely to surpass USD 2.5 billion by 2026, owing to rapid adopting in easily digestible infant formula
Rapid penetration of protein ingredients in anti-aging serums and collagen enhancing cosmetics is likely to augment market share
Egg protein market is set to grow at a CAGR of 8% through 2026, driven by rising penetration in supplements and gym nutraceuticals market
Increasing trends towards adopting easily digestible protein solutions to enhance muscle recovery time are likely to foster whey protein hydrolysates and concentrate industry demand
Increasing consumption of nutritional bars and adoption of canola protein extracts in meal replacement shakes is likely to propel market trends
Industry players in the protein ingredients market are rapidly investing in new product development and marketing initiatives in an attempt to gain brand recognition in the market sphere
Major industry players include Cargill, Fonterra, Tessenderlo, Crop Energies Bio Wanze, Kewpie Egg Corporation, DuPont, and Archer Daniels Midland (ADM)
Stringent regulations in North America & Europe on labeling and packaging is increasing competition in the market sphere and industry players to opt for local & organic ingredients
Industry players are rapidly investing in gaining competitive advantage to gain maximum market share in developing economies by offering bulk discounts and store credit
Increasing trends toward sustainability and shift toward natural ingredients are likely to have a positive impact on protein ingredients industry scenario
Consumers in Austria, Switzerland, Italy, and Germany are rapidly adopting vegan protein alternatives to reduce their carbon footprint and boost sustainability measures, thus boosting market data

Browse key industry insights spread across 350 pages with 415 market data tables and 35 figures & charts from the report, "Protein Ingredients Market Data By Application [Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed (Pet Food, Aquaculture), Product [Animal/Dairy Proteins (Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates, Casein/Caseinates, Gelatin), Plant Proteins (Wheat, Soy Protein Isolates, Soy Protein Concentrates, Canola, Pea, Textured Soy Protein)], Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/protein-ingredient-market

Asia Pacific protein ingredients market is poised to register more than 7.5% CAGR through 2026, owing to the rapid adopting of health and muscle building supplements. Increasing awareness on the benefits of whey protein and easy availability of high quality and economical whey powders is likely to boost product demand. Furthermore, international and local industry players are introducing easily digestible whey protein powders targeting young demographics which is likely to augment market statistics.

Industry players in protein ingredients market are trying to capitalize on emerging trends in health & safety in the market sphere. Manufacturers are engaged in long term contracts with suppliers to continue production within limited means and provide a competitive price point advantage. Furthermore, key market players are rapidly investing in marketing and branding initiatives to improve their brand image and strengthen brand equity across various industry verticals, thus boosting market share.

Access the TOC of this report @ https://www.gminsights.com/toc/detail/protein-ingredient-market

Browse Related Report:

Plant Protein Ingredients Market for Food Application By Application (Sports Nutrition, Clinical Nutrition, Infant Nutrition, Bakery, Fortified Food & Beverages, Functional Food & Beverages), Products (Wheat, Soy, Pea, Rice, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025

https://www.gminsights.com/industry-analysis/plant-protein-ingredients-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Protein Ingredients Industry Forecasts 2020-2026

Related Links

Animal Feed Protein Ingredients Market

Food Protein Ingredient Market

SOURCE Global Market Insights, Inc.