Global Protein Ingredients Market is estimated to be valued at US$ 40.8 Million in 2021, according to the protein ingredients market report, by Product Type (Animal Protein (Whey Protein, Casein and Caseinates, Milk Protein, Egg Protein, Gelatin), Plant Protein (Soy Protein, Wheat Protein, Pea Protein, Others)), By Form (Isolate, Concentrate, Others), By Application (Nutritional Supplement Powders, Beverages, Protein & Nutritional Bars, Bakery & Snacks, Breakfast cereals, Meat & Meat Products, Dairy Products, Infant Nutrition, Animal Feed, Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
Global Protein Ingredients market was valued at US$ 40.8 Million in 2021. Protein Ingredients market is expected to register a CAGR of 6.6% over the forecast period (2022–2030). Protein Ingredients are widely used across supplements and nutritional powders, beverages, animal feed, protein bars, bakery and snacks, breakfast cereals, meat and meat products, infant nutrition, dairy products, and others.
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https://www.coherentmarketinsights.com/market-insight/protein-ingredients-market-3393
Browse 50 market data tables* and 40 figures* on "Global Protein Ingredients Market” - Forecast to 2030.
Key Trends and Analysis of the Global Protein Ingredients Market:
On the basis of application, supplements and nutritional powders segment dominated the global protein ingredients market in 2021 with a 23.8% of market share in terms of revenue, followed by bakery & confectionery and protein & nutritional bars, respectively.
Key Takeaways of the Global Protein Ingredients Market:
- North-America is expected to witness significant market share during the forecast period in the global protein ingredients market, owing to increasing consumption of food products such as snacks, cold cereals, and energy bars and rising personal disposable income. Also, there has been introduction of new products by established companies in the region.
- New product launches, merger & acquisitions and strategic partnership expansion are key strategies adopted by players in the global protein ingredients market. For instance, in April 2022, Kerry Group, a taste and nutrition company, acquired the U.S.-based Natreon, Inc., a supplier of branded Ayurvedic botanical ingredients. This initiative was aimed to expand the company’s portfolio with science-backed branded ingredients.