Rising demand for nutrient rich food content is projected to propel the demand. The Global Protein Ingredients Market size is expected to reach USD 48.77 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% during the forecast period.
Growing health awareness among consumers is likely to boost plant and dairy market as it helps reduce risk of diabetes and cardiovascular diseases. Plant and dairy protein ingredients have been approved for use by the U.S. Food and Drug Administration (FDA) and are approved as an essential ingredients by the European Union and other countries around the world including Japan, Australia, and Canada. Presence of favorable government regulations in various regions is anticipated to propel the demand for plant and dairy proteins over the estimated period.
Vegetable-based protein isolates are widely used for dairy applications owing to their fine particle size and dispersibility. Soy proteins are primarily employed in liquid whipped toppings, coffee whiteners, pre-whipped topping, and toppings of other emulsified food items to replace sodium-caseinate. Increasing demand from these application areas, technological advancements, and product innovations are anticipated to be the key drivers for the protein ingredients market over the projected period.
Higher profitability concerning soy protein manufacturing is expected to result in increased marketing expenditures, thus catalyzing product demand over the forecast period. In addition, initiatives including International Sustainability and Carbon Certification and Initiative for Sustainable Soy and Round Table on Responsible Soy resulted in proactive positioning of soy as a sustainable protein source. Food aid nutrition programs on a global level are driving the soy industry further augmenting protein ingredients market.
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Top Players of Protein Ingredients Market:
The protein ingredients market is dominated by specific key companies such as Bunge, ADM, DuPont, and Cargill.
Market Segmentation of Protein Ingredients Market:
The Global Protein Ingredients Market segmented on the basis of Product Type, Application, and Region.
By Product Type:
Plant Proteins
Animal Proteins
By Product:
Wheat
Soy Protein Concentrates
Soy Protein Isolates
Textured Soy Protein
Pea
Canola
By Region:
North America
Europe
Asia Pacific
Latin America
MEA
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