Category: Business

How much is the protein ingredients market worth? The protein ingredients market size is predicted to grow at a CAGR of 7.0% between 2023 and 2028, reaching a value of $85.6 billion by 2028 from a projection of $61.0 billion in 2023. Who are the top protein ingredients market manufacturers? The key players headquartered in this market include Kerry Group plc (Ireland), Arla Foods amba (Denmark), Roquette Freres (France) and Cosucra (Belgium). They are further contributing to the industry ecosystem positively. Protein Ingredients Industry Report (260 Pages PDF with Insightful Charts, Tables, and Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=114688236 Which are the growing segments of the protein ingredients market? The feed segment by application in protein ingredients market is relatively small in comparison to the food & beverages segment by application Protein ingredient-based feed is relatively less commercialized than protein ingredient-based food & beverages for human consumption in the market. This is because the demand for protein ingredients-based products for human consumption is high. The market for animal end-user segment is at a very nascent stage, and the importance of healthy animal diet rich in proteins has just started gaining momentum in the market. However, with the global rise in demand for clean, AGP-free (Antibiotic Growth Promoters), meat products such as beef, pork, and chicken, the significance of animal diet is also rising, and so is the importance for nutrient-rich feed and its production. This is further pushing the players to manufacture products to cater to the interests of the gradually growing market because of which players in the market are manufacturing protein ingredients that cater to the feed industry. By form, liquid segment is projected to grow at a significant rate in the protein ingredients market during the forecast period According to an article published in Forbes in September 2022, demand for RTD beverages is skyrocketing, fueling the demand for protein ingredients in liquid form. Liquid protein ingredients are easier to mix, blend homogenously, and provide a uniform texture to the products, particularly in the beverages and cosmetics & personal care product applications. With the rising and aging population, the demand for easy consumable products for infants and elderly are in great demand. This is also contributing to drive the liquid form segment in the protein ingredients market. By application, cosmetics and personal care products segment is projected to hold a significant market size in the protein ingredients market by 2028 Proteins find a huge application in cosmetics and personal care industry. They are used in skin-care formulations due to their moisture-imparting properties and in hair-care products due to their conditioning properties. Collagen is one of the most popular sources of protein ingredients used in cosmetics industry due to its benefits for skin. With the rise in disposable incomes, and consumer spending on high-end personal care products, the demand and high growth for protein ingredients in this application industry is inevitable.