[FURL=https://www.industryarc.com/Report/7495/protein-ingredient-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Protein Ingredients Market[/FURL] size was valued at $ 35.69 Billion by 2020, and is anticipated to grow at a CAGR of 7.8% during the forecast period 2021-2026. The Protein Ingredients Market growth rate is attributed to the growing consumer demand for plant-based protein alternatives with growing consumer interest in foods that promote health and well-being are anticipated to bring new opportunities. Owing to the essential amino acid that has therapeutic effects, protein components are suitable for nutraceutical applications. In addition, in an effort to increase sustainable, reliable production of high-quality protein that should fuel product demand, industry players are rapidly investing in research & development which is likely to increase the demand over the forecast period (2021-2026).Key Takeaways
North America dominated the Protein Ingredients Market with a share of 42.16% in the year 2020.
The factors such as rising demand from food products such as milk sausages, spicy sauces, yogurt, spreads, bakery products, cold cuts, and margarine are amongst the major factor projected to impel growth of Protein Ingredients Market.
Increased demand for protein features, recognition of balanced diets and nutritious foods, new technical advances in the protein ingredients industry, increased demand for superior personal care and healthcare products and increased consumption of animal by-products are the key factors owing the growth in the segment during forecast period 2021-2026.
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Protein Ingredients Market Segment Analysis - By Geography
North America is the major region dominating the Protein Ingredients market with a market share of 42.16% in the year 2020 on account of increasing consumption of energy bars, cold cereals, and snacks. The launch of new products by companies such as Cargill and Mead Johnson focuses on customer requirements for low saturated fat and cholesterol-free drinks, thereby rising demand.
Protein Ingredients Market Drivers
Rising demand for plant protein products
The Protein Ingredients market is poised to receive upswing owing to rising consumer awareness related environmental sustainability and activities related to protection of animal welfare. In addition, the economic value of plant-based diets, in terms of improvements in health, is estimated to be equal to or greater than their environmental benefits which are further poised to boost product demand over the forecast years.
Protein Ingredients Market top 10 companies are Archer Daniels Midland (ADM), Cargill, CHS, Roquette, DuPont, Solae, Darling Ingredients, Ingredion, Kerry, Bunge
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