The global protein ingredients market size is expected to reach USD 104.6 Billion in 2030 and register a revenue CAGR of 10.5% over the forecast period, according to latest report by Reports and Data. Rising demand for plant-based protein powder and inclining adoption of nutritional and sustainable diets are expected to drive market revenue growth during the forecast period. Rapid implementation of advanced technologies and rising innovation in new protein sources are also expected to boost growth of the global protein ingredients market in the years to come.

Rising preference for plant protein is leading to rising innovation in new protein sources and rapid implementation of protein extraction technologies. Increasing research initiatives to replace animal proteins with plant-based protein in order to provide sustainability with natural ingredients and quality nutrition is another factor expected to boost market revenue growth over the forecast period. Furthermore, rising research & development activities by protein manufacturers for developing new flavors and protein ingredients is expected to boost revenue growth of the global market.

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The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Protein Ingredients Market is expected to rise in the coming years.

Some Key Highlights in the Report

• Dry type segment is expected to account for largest market share in the global protein ingredients market between 2021 and 2028, owing to rising demand for dry protein ingredients from food, pharmaceutical, and animal feed manufacturers.
• Food & beverages segment is expected to account for considerably larger market share revenue over the forecast period. Rising demand for protein-based cereals and infant nutrition products among consumers is expected to boost growth of this segment.
• The Europe protein ingredients market is expected to account for largest revenue share in the global market over the forecast period. Growing consumer awareness about nutritional benefits of protein ingredients and several start-ups focusing on manufacturing plant-based protein in countries in the region are expected to drive protein ingredients market revenue growth in Europe.
• Companies profiled in the global market report include Cargill, Inc., Gelita AG, International Flavors & Fragrances, Inc., Omega Protein Corporation, Kewpie Corporation, AMCO Proteins, Burcon NutraScience Corporation, Fonterra Co-operative Group Limited, Foodchem International Corporation, and FrieslandCampina N.V.
• In November 2021, Fonterra Co-operative Group Limited announced a collaboration with VitaKey, Inc. to improve technology and provide customized solutions to produce dairy products. The companies will focus on health and wellness of their consumers with sustainable and functional benefits from their food and beverages.

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Type Outlook (Revenue, USD Billion 2019–2030)

• Isolates
• Concentrates
• Bars
• Others

Application Outlook (Revenue, USD Billion 2019–2030)

• Healthcare & Pharmaceuticals
• Food & Beverages
• Dietary Supplements
• Animal Feed
• Infant Formulas
• Others

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Regional Outlook

For comprehensive understanding of market dynamics, the global Protein Ingredients market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Protein Ingredients Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Protein Ingredients Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Protein Ingredients Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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