Protein Ingredients Market Demand, Growth Rate, Drivers, Restraints, Opportunities, Covid-19 Effects and Forecast to 2026
• As per Medindia.net, nearly 18% to 20% of human body weight is constituted of proteins.
• As per the NCBI, approximately 12.2% of global population is currently protein deficit. This number might even rise to 15.1% by 2050, mainly due to demographic changes.
These statistics have laid massive importance on consumption of protein rich diet, and will subsequently have a positive impetus on the expansion of protein ingredients market. The global protein ingredients market, one of the innate verticals of the food industry, has been phenomenally influenced by the shift toward a more health-conscious society. As a matter of fact, elevating consumer consciousness and acceptance toward deployment of vital nutrients in nascent stages of body development have provided protein ingredients industry players with lucrative growth opportunities, both in terms of remuneration and value.
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Speaking of which, Arla Foods Ingredients had recently announced introducing Lacprodan ISO. Water, a 100 per cent whey protein isolate ingredient designed specially for clear beverages to overpower the taste of protein water. As per company officials, the newly launched clear beverage- Lacprodan ISO. Water can be used in ready-to-drink protein beverages and boasts of vivid health benefits as it is sugar-free, lactose-free, and fat-free.
Protein ingredients are generally classified into two-plant protein and animal protein. It has been reported that about 76% of the global population derive most of their daily protein from plants, enabling the plant protein ingredients market to grow profusely over the time frame of 2020 to 2026. What has been driving the demand for plant protein ingredients is the growing health concerns along with rising consumer awareness towards consumption of plant based diet. Many plant-based ingredients have protein content varying from 50 per cent – 80 per cent and offer extensive health benefits, representing an expansive scope of application.
Minimized costs have made plant protein reasonable for consumer consumption and enthused the adoption among food manufacturers and gradually in the fast-food segment. Moreover, with the trend of veganism gradually expanding, consumers are now mainly focused on considering the intake of plant based protein ingredients, prompting industry leaders to go nine yards into production of such ingredients and products.
To illustrate, Kerry- a premier taste and nutrition company- had in June-2020 declared expanding its plant protein ingredients range, in a bid to address the mounting demand for plant-based food and beverages. As per news sources, the range includes vegan, organic, and allergen-free products that are deemed to be suitable for use in diverse F&B applications- right from infant nutrition to seniors’ protein beverages to vegan needs.
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Another instance authenticating the thriving plant-based protein ingredients business space is Merit and Burcon’s collaborative partnership with Nestle for development of plant-based protein ingredients. Under the collaboration pact, Merit is currently working toward development of its commercial-scale production facility, which is anticipated to be under operation by the end of Q4 2020.
Not to mention, favorable government measures would also significantly contribute to plant protein industry to a much greater extent, while healthcare institutions are also undertaking certain steps to promote plant based meals for its patients. For instance, Jerry Brown- Californian Governor- had in 2018 inked a landmark bill to ensure that patients get healthy plant based options for every meal. The senate Bill 1138 also makes sure that people in prisons, hospitals, or other healthcare facilities would have key access to plant-derived food.
Such important factors are poised to add to the rising growth trajectory of overall protein ingredients market in the years ahead.
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Poultry Probiotic Ingredients Market: https://www.openpr.com/news/2286232/poultry-probiotic-ingredients-market-latest-trends-along-with
Beta Glucan Market: https://www.openpr.com/news/2286234/beta-glucan-market-size-shares-segments-competitors
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