Protein Ingredients Market Incredible Possibilities, Growth Analysis And Forecast To 2027

The global protein ingredients market is projected to reach US$ 68.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2019 to 2027).

A protein is a macronutrient organic compound that is important for the building of muscles and consist of a chain of amino acids which are organic compounds composed of hydrogen, nitrogen, carbon, and sulfur. Protein can be extracted from plant and animal sources by using methods such as filtration and precipitation. Some of the common sources of protein ingredients are vegetables (soy, pea), eggs, wheat, milk, and animal tissue.

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Drivers

Growing consumption of protein powder as it is essential for muscle growth along with the growing demand for plant-based protein is expected to fuel the market growth of protein ingredients. For instance, in March 2017, MusclePharm Corporation, a provider of supplements based out of the U.S., introduced MusclePharm Natural Series, which is a line of plant-based premium protein products targeting consumers seeking organic alternatives to traditional dairy-based supplements.

Growing demand for infant nutrition products due to rising awareness regarding the health benefits of infant's nutrition is expected to propel the market growth of protein ingredients. For instance, in August 2016, Nestle India has expanded the infant nutrition category with the launch of new brand Ceregrow, the new brand will be addressed to the cereal-based foods category among children aged above two years. Therefore, increasing launch of such nutritious product for infants for meeting the growing demand around the globe will favor the market growth of protein ingredients.

Regionally, North America dominated the global protein ingredients market in 2018, reporting 37.2% market share in terms of revenue, followed by Europe and Asia-Pacific, respectively.

Market Restraints

Issues associated with high protein consumption such as gastric and digestive problems are projected to limit the market growth of protein ingredient. Excessive consumption of protein may result in gas formation, stomach cramps, and bloating. These factors are a major factor limiting the market growth. Also, another major factor such as food allergies due to the consumption of tree nuts, Peanuts, shell fish, cow milk, soybean, eggs, and wheat are reported to cause over 90% of food allergy incidents around the globe.

Market Trends

Increasing usage of protein ingredients in breakfast based cereals is a major trend that has been observed in the market and this trend is expected to augment the market growth protein ingredient over the forecast period. For instance, in January 2019, Kellogg's has expanded its Special K breakfast cereal range in the US with the launch of new protein honey almond ancient grains variant, containing 15g of protein per serving. The flavor features flakes made from a mix of whole grains such as sorghum and black rice alongside wheat and rice.

Competitive Section

Key compnies involved in the global protein ingredient market Solae LLC, Archer Daniels Midland Company, Cargill Inc., Glanbia plc, FrieslandCampina DMV B.V., Kerry Group plc, Arla Food Ingredients, ROQUETTE FRERES S.A, Davisco Foods International, Inc., and Sterling Biotech Ltd.

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This release was published on openPR.