Press release
Protein Ingredients Market Size, Share, Growth and Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled, "Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The study provides a detailed analysis of the industry, including the global protein ingredients market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.Report Highlights:
How big is the protein ingredients market?
The global protein ingredients market size reached US$ 39.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What is protein ingredients?
Protein components are found in many sources and aid in the maintenance and healing of bones and muscles. Additionally, they help with maintaining a healthy weight, preventing muscle loss, developing lean muscle, and reducing hunger pangs. In addition, they lessen breakage and split ends while enhancing hair texture. As protein ingredients also aid in reducing the risk of chronic disease, regulating weight, and improving physical strength, they are increasing being included in different food products and beverages.
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What are the growth prospects and trends in the protein ingredients industry?
Currently, one of the main reasons positively affecting the market globally is the expanding global population and the rising prevalence of protein deficient illnesses, such as kwashiorkor and marasmus. Additionally, the demand for protein-rich food items like lentils, cheese, peanuts, almonds, milk, yoghurt, and tofu is being fueled by people's rising awareness of their general wellbeing, health, and fitness. Moreover, the emerging adoption of veganism is offering lucrative opportunities to leading market players to introduce vegan protein supplements. This, in confluence with the easy availability of food items across various e-commerce websites, is creating a favorable market outlook. Furthermore, the expansion of fitness centers is impelling the growth of the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Animal Proteins
Egg Protein
Whey Protein
Gelatin
Casein
Milk Protein Concentrates/Isolates
Plant Proteins
Wheat Protein
Soy Protein
Pea Protein
Others
Breakup by Application:
Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Animal Feed
Regional Insights:
Europe
North America
Asia Pacific
Latin America
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Cargill, Inc.
Archer-Daniels-Midland Company
Kerry Group
Omega Protein Corporation
Mead Johnson.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=857&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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