Protein Ingredient Market
By Product Type (Plant-based protein, Animal-based protein),
By Form (Liquid, Dry)
By Application (Food and Beverages, Animal Feed, Infant Formulations, Pharmaceuticals and Clinic, Health and Personal Care, Others),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Global Analysis and Forecast 2023-2033
The global Protein Ingredients market is to be worth more than USD 121.34 billion by 2033.
The awareness about protein benefits coupled with research exploring more protein applications in other end uses is the primary factor that is expected to drive the market growth for protein Ingredients. They are well established in Health and Personal Care segment and have profound usage in skincare, Cosmeceuticals, or as supplements. They are known for muscle strength, enzymatic role, boosting immunity, and preventing osteoporosis. They are applied in Cosmeceuticals owing to their collagen-boosting properties. They are also used as emulsifying, thickening, gelling, or solubilizing agents for other end uses. The medical world utilizes protein-based probes for diagnosis and other protein-based formulations for therapy or treatment. Biotechnological advances are successfully aiding in meeting the production capacity criteria, further expanding market growth. Protein engineering is applied to synthesize better and improved proteins for various end uses.
The companies operating within the drone camera industry are undergoing mergers, collaboration, acquisition, long-term contracts, and service agreements to increase their global footprint. For instance, Arla Food Ingredients signed a contract with Northern Irish whey protein supplier Dale Farm to boost infant formulation and consumer health products. Furthermore, notable investment towards research and development to launch new and innovative products that support Health and supplement segment at multiple levels is also practiced by industry stakeholders.
According to the CXOs and primary research, COVID-19 has impacted Health and Personal care segment to include more immunity-enhancing or disease-preventing products. The protein supplement market has extrapolated to more protein functions being recognized, such as Digestion aiding, enzymatic, immunity boosting, or even preserving bone health. COVID-19 created hype around fitness, supporting the market growth of protein as a supplement. Proteins were also heavily utilized in researching and developing a cure for pandemic viruses, making them more recognized in the medical world. Diagnosis, therapy, or treatment procedures often utilize or recommend a protein diet to improve chances of healthy functioning and disease prevention.
The Protein ingredient market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In line with the analyzed region, the Asia-pacific region will witness the highest market share followed by Europe, North America, Latin America, and Middle East & Africa. Rising awareness of protein benefits and properties, support by biotechnological research and innovation towards improved products for various end uses and applications, and the presence of major industry players within the region are primary factors supporting market potential within the Asia-pacific region. The major companies operating within the market are Archer Daniels Midland Company, Arla Food Ingredients, Axiom Food Inc., CHS Inc., DuPont, Kewpie Corporation, Rousselot, Tessenderlo Group, and The Scoular Company.