Beef Protein Powder Market to Reach a Value of US$ 1.3 Billion by 2029: Transparency Market Research

The latest market forecast report published by TMR on the beef protein powder market includes global industry analysis and opportunity assessment of the beef protein powder market for the period of 2019-2029. Revenue generated from the global beef protein powder market is estimated to be ~US$ 700 Mn in 2019. The beef protein powder market is projected to increase at a CAGR of ~6%, to reach ~US$ 1.3 Bn by 2029.

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Today’s population is adopting a preventive diet that emphasizes more on the consumption of health products. Proteins are made up of long chains of amino acids, which are linked by peptide bonds. The hydrolysis of dietary protein helps in the production of amino acids, dipeptides, and tripeptides in intestinal lumen. Deficiency of protein leads to certain ailments such as physical weakness, anemia, vascular dysfunction, edema, and immunity-related diseases. The popularity of beef protein powder is increasing due to its protein and antioxidant content, which helps prevent obesity and other weight-related health issues.

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With technological developments, consumers can access smart labels, due to which, they can easily check the food ingredients as well as every detail within the supply chain. Nowadays, costumers are asking food product manufacturers to increase the transparency of their products, going beyond ingredients, free-from status, and nutritional value. This is evident by the continuously increasing demands by buyers to comprehend product-related information such as from where and how the ingredients were obtained. Concerns regarding products that are fat-free, non-GMO, organic, etc., have risen among consumers, thus boosting the beef protein powder market.

Beef protein powder-based beverages are enriched sources of nutrients without any additional preservatives or additives. These help in weight management issues, blood pressure, cholesterol, and support the prevention of ailments such as obesity and cardiovascular diseases. This is expected to boost the beef protein powder during the period of forecast.

Due to increasing awareness about food and health, the market demand for organic beef protein powder is increasing. Nowadays, new trends for food are increasing in developed as well as developing countries, with growing focus on wellness. Organic foods have a different standard of quality as compared to conventional foods. Organic products are grown using natural manures and pesticides. These are free from genetically-modified organisms (GMOs), and have a very high content of important vitamins and minerals. All these factors are driving the market demand for beef protein powder in the food and beverage industry.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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