NEW YORK, January 25, 2022 /PRNewswire/ — The global protein ingredients market size is expected to reach $97.58 billion in 2028 and register a revenue CAGR of 7.8% during the forecast period, according to the latest report from Reports and Data. Rising consumer awareness about the benefits of soy protein and increasing adoption of protein nutrition in the sports industry are key factors that are expected to drive the market revenue growth over the forecast period. Additionally, growing demand for high protein foods and beverages such as protein shakes, protein-enriched yogurts, and spreads is expected to drive the global market revenue growth between 2021 and 2028.
The growing adoption of protein nutrition in the sports industry is increasing the demand for protein ingredients and is expected to drive the revenue growth of the global market in the near future. Protein intake is necessary for athletes to repair muscle breakdown caused by intense training and workouts. Protein products also help athletes reduce their appetite and caloric intake. All these benefits of protein ingredients are a factor that is expected to increase the demand for sports industry products over the forecast period.
The challenges in cultivating plant-based protein ingredients can be a major factor that could restrain the revenue growth of the global market. Climate change due to global warming can have a huge impact on the cultivation of crops, which could hamper the revenue growth of the global market. Another factor that may hamper the market revenue growth over the forecast period. Additionally, the Covid-19 outbreak has caused a major disruption in the supply chain of protein products, which has hampered market revenue growth.
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Some highlights of the report
The liquid-type segment is expected to register a significantly high revenue growth rate over the forecast period owing to the growing demand for flavored protein shakes and juices among consumers.
The personal care and cosmetics segment is expected to register a significantly high revenue growth rate during the forecast period. Rising demand for hair and skin protein supplements such as collagen and biotin protein ingredients is expected to drive the growth of the segment.
The plant protein segment is expected to register a significantly high revenue growth rate over the forecast period owing to the increasing adoption of vegan protein, pea protein and soy protein due to antioxidant properties and the fiber content, as well as other nutritional benefits.
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The market in North America is expected to register a significantly high revenue CAGR during the forecast period. Market growth in this region is expected to be driven by rapid urbanization, changing consumer lifestyles, and growing consumer awareness of the nutritional benefits of consuming high-protein products.
Companies profiled in the global market report include Cargill, Inc., Gelita AG, International Flavors & Fragrances, Inc., Omega Protein Corporation, Kewpie Corporation, AMCO Proteins, Burcon NutraScience Corporation, Fonterra Co-operative Group Limited, Foodchem International Corporation and FrieslandCampina NV
In November 2021, FrieslandCampina NV has announced a collaboration with Royal Agrifirm Group to create a physically separate supply stream for guaranteed deforestation-free soybeans for livestock feed. The companies are determined to accelerate the development program. This initiative should help companies prioritize the sustainability agenda, named “Feeding a Better Planet”.
In September 2021, FrieslandCampina NV announced a solar panel project initiative focusing on small solar roofs for dairy farmers with Zelfstroom BV, a supplier of solar energy equipment. FrieslandCampina NV has announced this program to support its dairy farmers who are unable to install large solar roofs due to limited power grid capacity. This program will support farmers transitioning to sustainability and green energy.
To identify key industry trends, a research study at https://www.reportsanddata.com/report-detail/protein-ingredients-market
For this report, Reports and Data has segmented the global protein ingredients market based on ingredient type, application, sources and region:
Ingredient Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Source Outlook (Revenue, billion USD; 2018-2028)
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