The global Protein Ingredients Market size is estimated to be valued at USD 52.9 billion in 2020 and projected to reach USD 71.2 billion by 2025, at a CAGR of 6.4% during the forecast period.
Protein is an essential nutrient to keep your body functioning well. Proteins are part of every cell in our body and are needed to build and repair muscle, tissue, skin, nails and hair. Protein also helps build hormones and enzymes. Chemically, protein is composed of amino acids, which are organic compounds made of carbon, hydrogen, nitrogen, oxygen or sulfur. Amino acids are the building blocks of proteins, and proteins are the building blocks of muscle mass, according to the National Institutes of Health.
Major Players of the global protein ingredients market are Archer Daniels Midland Co., Cargill Inc., Kerry Group Plc., Bunge Ltd., Glanbia Plc., and Arla Food Ingredients Group PS, FrieslandCampina DMV, Agropur Co-op, Solae LLC and CHS Inc.
Cargill in 2020 has launched a new range of plant-based patty and ground products for the foodservice and retail sectors. Protein based products with expertise in R&D and innovation to create some of the best product in plant based category. In May 2020, Cargill and Procter & Gamble collaborated to introduce nature-powdered innovation, fueling the future for more powerful products. Kroger’s launched simple truth plant based collection in last September with 20 products featuring vegan chocolate chip cookie dough, oat milk, non-dairy sour cream, and meatless deli slices and sausage. Since its launch, the line has grown to meet customer demand for plant based alternatives across several categories including snacks, spreads, dips, deserts and more.
Segmentation of Protein Ingredients based on by product type includes plant-based protein and Animal based protein. By form dry and liquid. By application Food & beverages, Animal feed, Cosmetics & personal care and Pharmaceuticals. By Region it splits into North America, Europe, Asia-Pacific and South America. North America is expected to expand at a significant CAGR over the forecast period on account of increasing consumption of energy bars, cold cereals, and snacks. New product introductions by companies including Cargill and Mead Johnson are focused on consumer needs for low saturated fat and cholesterol-free beverages thus augmenting demand.
Now most of people are demanding for protein based products which keep health energetics. Changing a lifestyle and health consciuos consumers will driven market in near future. Manufactures are rapdily producing new products who has high demand in market.