Food protein ingredients market Comprehensive Analysis by Chief Players - DuPont Solae, Archer Daniels Midland (ADM), Cargill, Inc., Bunge Ltd., Mead Johnson Nutrition Company, CHS, The Scouler Company, Roquette, Burcon NutraScience Corporation, MGP Ingre

Food Protein Ingredients Market size is set to surpass USD 29 billion by 2024; according to a new research report by Global Market Insights, Inc.

Food protein ingredients market has lately witnessed a profitable trajectory, pertaining to the changing relationship of consumers with food due to increasing urbanization and greater disposable incomes. Taking the rapidly increasing global populace into consideration, which incidentally according to the UN, will surpass 9.5 billion, it is rather obvious that consumption patterns will undergo an eventual change. With the changes that will follow in the dietary preferences, experts anticipate food protein ingredients industry to gain significant momentum over 2017-2024.

Protein has come to be recognized as a healthy constituent in a balanced diet. Alongside, improving socio-economic factors have contributed toward a major transition in the dietary patterns of low and middle-income countries. Animal protein-based food protein ingredients industry in particular, has gained significant momentum in developing countries.

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In developed nations, the consumption of animal-based food protein ingredient had always been high due to economic affluence. However, due to increasing concerns about animal cruelty and the negative effects of human-induced terrestrial biodiversity loss that large-scale consumption of animal protein can cause, plant-based food protein ingredients industry has been brought to prominence in the advanced economies.

Fruits and vegetables have witnessed a renewal of interest in consumption as various health regulatory bodies around the world have emphasized the importance of including these ingredients in daily diet. A study showed that 60% of American consumers between the ages of 15 and 70 are trying to cut back on their dependence on meat-based products while 17% are eating a predominantly plant-based diet. Experts observed that such behavior is not actually about rejecting meat consumption but about increasing the amount of fruit and vegetable consumption as suggested by health authorities.

As protein is viewed as one of the indispensable parts of a diet, consumers are looking to keep their protein intake unaffected by consuming more plant-based proteins. Detecting such a trend, food protein ingredients industry players are leaning towards bringing products to the market that source their protein content from plants but are as tasty as foods sourced from animal protein. Plant-based meat producers like Beyond Meat and Impossible Burger have already been producing palatable plant-based proteins. As per estimates, plant-based food protein ingredients industry share will increase at a rate of 6.5% over 2017-2024.

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However, it should be observed that plant-based food protein ingredients market still has a long way to go before it becomes mainstream. Given that the prioritized reasons for consumption of protein include weight management, muscle development, appetite management and energy boosting, a significant percentage of the global population strongly believe in the consumption of animal protein. This factor would rather overtly boost animal-based food protein ingredients market size, leading to a target valuation of 3.25 million tons of consumption by 2024. In the United States, even with the rising trends of the masses turning vegetarian and vegan, the demand for animal-based food outstrips supply. Evidently, animal-based food protein ingredients industry is making significant profits in the region, as high demand facilitates a cost competitive market, something that cannot be matched by a high-quality plant-based food protein ingredients industry that is still too exorbitant for some consumers.

No matter what the source is and in what form protein is consumed, healthcare experts universally acknowledge its importance as essential amino acids go a long way in healing wounds, developing muscle tissue, healthy and bright skin and improvement of cognitive and digestive functions. Also, avoidance of protein can lead to weight gain in some cases as people end up consuming more carbs in a bid to compensate for lost protein and end up gaining weight instead. With scales tipping in the favor of consumption of adequate protein for a healthy lifestyle, food protein ingredients industry is expected to surpass $29 billion by 2024.

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Data Tables

TABLE 1    Food protein ingredients industry 3600 synopsis, 2013 - 2024

TABLE 2    Global food protein ingredients market, 2013 – 2024, (Kilo Tons) (USD Million)

TABLE 3    Global food protein ingredients volume, by region, 2013-2024 (Kilo Tons)

TABLE 4    Global food protein ingredients revenue, by region, 2013 – 2024 (USD Million)

TABLE 5    Global food protein ingredients volume, by product, 2013 – 2024 (Kilo Tons)

TABLE 6    Global food protein ingredients revenue, by product, 2013 – 2024 (USD Million)

TABLE 7    Global animal-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 8    Global animal-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 9    Global milk-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 10    Global milk-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 11    Global whey-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 12    Global whey-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 13    Global fish-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 14    Global fish-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 15    Global plant-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 16    Global plant-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 17    Global soy-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 18    Global soy-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 19    Global pea-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 20    Global pea-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 21    Global rice-based food protein ingredients market volume, by product, 2013 -2024, (Kilo Tons)

TABLE 22    Global rice-based food protein ingredients market revenue, by product, 2013 -2024, (USD Million)

TABLE 23    Global food protein ingredients volume, by application, 2013 – 2024, (Kilo Tons)

TABLE 24    Global food protein ingredients revenue, by application, 2013 – 2024 (USD Million)

TABLE 25    Vendor matrix

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