[FURL=https://www.industryarc.com/Research/Protein-Hydrolysates-Market-Research-504438?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Protein Hydrolysates Market[/FURL] size is valued at $865.2 million in 2020, and is estimated to reach $1.3 billion by 2026, growing at CAGR of 6.1% during the forecast period of 2021-2026. The Protein Hydrolysates Market growth rate is attributed to the rising demand for protein-based dietary supplements and infant nutrition as they are easier to absorb and digest hence, fostering the market growth. Protein Hydrolysates are basically potential source of bioactive peptides and isolate protein. Protein hydrolysates are mixtures of amino acids, oligopeptides, polypeptides that are manufactured from protein sources using partial hydrolysis.Key Takeaways
North America dominated the Protein Hydrolysates Market with a share of 34.0% in the year 2020.
The factors such as growing demand for plant-based and animal-based protein hydrolysates in the sports industry and high usage of protein in infant nutrition are amongst the major factor projected to impel growth of Protein Hydrolysates Market.
Growing retail and E-commerce sector, coupled with availability of various protein hydrolysate based products are the key factors owing to the growth in the segment during forecast period 2021-2026.
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Protein Hydrolysates Market Segment Analysis - By Geography
North America is the major region dominating the Protein Hydrolysates market with revenue of $302.2m in 2020 and is estimated to grow at a CAGR of 5.0% during the forecast period of 2021-2026. There is a rise in the usage owing to a well-developed food industry and increasing popularity regarding the health benefits in the region. Also, the substantial presence of end-user manufacturing companies such as Mead Johnson and Hill Pharma, among others, is likely to create massive demand for the product in the region. Furthermore, the high cost of production leads to increased product cost of the final products, which is borne by the consumer. As the purchasing power of the consumers is high, there is increased acceptability of the product in developed countries. The increasing R&D by the key players present in this region and supportive policies is also helping in the growth of the market in this region.
Protein Hydrolysates Market Drivers
Growing Awareness Regarding Protein Diet for Developing Health & Immunity
Rise in the Demand for Bovine Collagen Peptides
Protein Hydrolysates Market Landscape
Protein Hydrolysates Market top 10 companies are Abbott Laboratories, Friesland Campina, Koninklijke DSM N.V., Arla Foods, Tate & Lyle Plc, ADM Company, Kerry Group PLC, Danone Nutricia, Nestle S.A., Glanbia PLC and others.
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