Protein Ingredients Market Soars to $91.89 Billion with 6.4% CAGR Boosted by Industry Leaders Cargill and ADM

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, July 23, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Protein Ingredients Market by Source, Form, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2027,” The global protein ingredients market, valued at $53.78 billion in 2019, is projected to reach $91.89 billion by 2027, growing at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2027. The market is anticipated to witness an incremental revenue increase of $38.11 billion during this period.

Access Sample Copy: https://www.alliedmarketresearch.com/request-sample/7543

Market Growth Drivers

Rising Demand for Nutritional Food

An increasing awareness about health and nutritional food products is driving consumers to adopt healthier diets and increase their protein intake. This shift is significantly boosting the market for protein supplements and ingredients.

Busy Lifestyles and Women's Workforce Participation

The rise in dual-income households has led to increased consumption of nutritional supplements, especially in the form of infant formula, which often contains animal protein.

Untapped Markets

Regions such as parts of Africa and other developing areas present significant opportunities for market expansion, as protein supplements and protein-based foods are still in the early stages of adoption there.

Inquire Before Purchase: https://www.alliedmarketresearch.com/purchase-enquiry/7543

Market Segmentation

By Source

The market is segmented into animal protein and plant protein.

Animal Protein: Includes whey protein, casein & caseinates, milk protein, egg protein, and others. Egg protein is the most preferred due to its high protein content and functionality.

Plant Protein: Includes soy protein, wheat protein, pea protein, and others. Pea protein is the fastest-growing segment, driven by its versatility in various applications.

By Form

Solid Form: Held a significant share in 2019 and is expected to grow at a higher CAGR due to better stability and ease of handling and storage.

By Application

Food & Beverages: This segment led the market in 2019 and is estimated to reach $39.90 billion by 2027.

Animal Feed: Projected to be the fastest-growing segment.

Cosmetics & Personal Care: Another notable application area.

Regional Insights

North America

North America dominated the global market in 2019, largely due to high per capita consumption of protein supplements in the U.S. and strong demand for multifunctional protein-based products in the food and beverage industry.

LAMEA (Latin America, Middle East, and Africa)

The LAMEA region is expected to witness the highest CAGR, driven by increased awareness of protein's functional benefits, rising demand for nutritional supplements, retail sector expansion, and growing disposable incomes.

Get Report Customized: https://www.alliedmarketresearch.com/request-for-customization/7543

Key Findings

Animal Protein Market: Valued at $42.12 billion in 2019, projected to reach $69.85 billion by 2027, growing at a CAGR of 6.0%.

Form: Solid segment accounted for 87.7% of the market in 2019.

Egg Protein: Held 66.56% of the animal protein market share in 2019.

Soy Protein: Expected to grow at the highest CAGR of 7.3%.

North America: Remains a prominent market with significant growth prospects.

Major Industry Players

The report profiles key players in the protein ingredients industry, including:

• Cargill

• ADM

• DuPont

• Kerry Group

• Omega Protein Corporation

• Friesland

• Mead Johnson Nutrition Company

• Fonterra Co-operative Group

• Kewpie Corporation

• Bunge Limited

Buy Now the Exclusive Report: https://www.alliedmarketresearch.com/checkout-final/738601f7f3a49e335cfbc21eb46605e4

Browse More Related Repots:

Natural Food Colors Market- https://www.alliedmarketresearch.com/natural-food-colors-market-A15588

Ascorbic Acid Market- https://www.alliedmarketresearch.com/ascorbic-acid-market-A07444

Crustaceans Market- https://www.alliedmarketresearch.com/crustaceans-market-A11170

Fat Replacers Market- https://www.alliedmarketresearch.com/fat-replacers-market-A16960

Bakery Enzymes Market- https://www.alliedmarketresearch.com/bakery-enzymes-market-A14368

Table Sauce Market- https://www.alliedmarketresearch.com/table-sauce-market-A14200

Ubiquinone Market- https://www.alliedmarketresearch.com/ubiquinone-market-A13145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X