Published by Coherent Market Insights
Posted on September 20, 2021
A protein is a macronutrient organic compound that is important for the building of muscles and consist of a chain of amino acids which are organic compounds composed of hydrogen, nitrogen, carbon, and sulfur. Protein can be extracted from plant and animal sources by using methods such as filtration and precipitation. Some of the common sources of protein ingredients are vegetables (soy, pea), eggs, wheat, milk, and animal tissue.
The global protein ingredients market is projected to reach US$ 68.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2019 to 2027).
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Drivers
Growing consumption of protein powder as it is essential for muscle growth along with the growing demand for plant-based protein is expected to fuel the market growth of protein ingredients. For instance, in March 2017, MusclePharm Corporation, a provider of supplements based out of the U.S., introduced MusclePharm Natural Series, which is a line of plant-based premium protein products targeting consumers seeking organic alternatives to traditional dairy-based supplements.
Market Opportunities
The growing popularity of dairy and plant protein blend products is expected to offer potential opportunities over the forecast period. Blends of dairy and plant proteins enhance the protein levels and also reduces formulation costs, as prices of plant-based protein are less volatile compared to other protein. According to the study conducted in 2015 by DuPont Nutrition & Health, ready-to-drink beverages formulated with blends were more preferred as compared to single protein beverages in terms of both flavor and cost.
Market Trends
Increasing usage of protein ingredients in breakfast based cereals is a major trend that has been observed in the market and this trend is expected to augment the market growth protein ingredient over the forecast period. For instance, in January 2019, Kellogg’s has expanded its Special K breakfast cereal range in the US with the launch of new protein honey almond ancient grains variant, containing 15g of protein per serving. The flavor features flakes made from a mix of whole grains such as sorghum and black rice alongside wheat and rice.
Competitive Section
Key compnies involved in the global protein ingredient market Solae LLC, Archer Daniels Midland Company, Cargill Inc., Glanbia plc, FrieslandCampina DMV B.V., Kerry Group plc, Arla Food Ingredients, ROQUETTE FRERES S.A, Davisco Foods International, Inc., and Sterling Biotech Ltd.
Few Recent Developments
Solae LLC
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3393
Archer Daniels Midland Company (ADM)
Cargill Inc.
The post Global Protein Ingredients Market Is Projected To Reach Us$ 68.2 Billion By The End Of 2027, In Terms Of Revenue, Growing At Cagr Of 6.8% During The Forecast Period (2019 To 2027) appeared first on Gatorledger.
A protein is a macronutrient organic compound that is important for the building of muscles and consist of a chain of amino acids which are organic compounds composed of hydrogen, nitrogen, carbon, and sulfur. Protein can be extracted from plant and animal sources by using methods such as filtration and precipitation. Some of the common sources of protein ingredients are vegetables (soy, pea), eggs, wheat, milk, and animal tissue.
The global protein ingredients market is projected to reach US$ 68.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.8% during the forecast period (2019 to 2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3393
Drivers
Growing consumption of protein powder as it is essential for muscle growth along with the growing demand for plant-based protein is expected to fuel the market growth of protein ingredients. For instance, in March 2017, MusclePharm Corporation, a provider of supplements based out of the U.S., introduced MusclePharm Natural Series, which is a line of plant-based premium protein products targeting consumers seeking organic alternatives to traditional dairy-based supplements.
Market Opportunities
The growing popularity of dairy and plant protein blend products is expected to offer potential opportunities over the forecast period. Blends of dairy and plant proteins enhance the protein levels and also reduces formulation costs, as prices of plant-based protein are less volatile compared to other protein. According to the study conducted in 2015 by DuPont Nutrition & Health, ready-to-drink beverages formulated with blends were more preferred as compared to single protein beverages in terms of both flavor and cost.
Market Trends
Increasing usage of protein ingredients in breakfast based cereals is a major trend that has been observed in the market and this trend is expected to augment the market growth protein ingredient over the forecast period. For instance, in January 2019, Kellogg’s has expanded its Special K breakfast cereal range in the US with the launch of new protein honey almond ancient grains variant, containing 15g of protein per serving. The flavor features flakes made from a mix of whole grains such as sorghum and black rice alongside wheat and rice.
Competitive Section
Key compnies involved in the global protein ingredient market Solae LLC, Archer Daniels Midland Company, Cargill Inc., Glanbia plc, FrieslandCampina DMV B.V., Kerry Group plc, Arla Food Ingredients, ROQUETTE FRERES S.A, Davisco Foods International, Inc., and Sterling Biotech Ltd.
Few Recent Developments
Solae LLC
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3393
Archer Daniels Midland Company (ADM)
Cargill Inc.
The post Global Protein Ingredients Market Is Projected To Reach Us$ 68.2 Billion By The End Of 2027, In Terms Of Revenue, Growing At Cagr Of 6.8% During The Forecast Period (2019 To 2027) appeared first on Gatorledger.
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