Protein Ingredients Market Analysis

Protein Ingredients Market Analysis

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Protein ingredients market share from food & beverage application segment will cross USD 47 billion by 2032, attributed to growing consumption of meat worldwide. The surging need for nutritional and functional characteristics as well as high biological value has spurred the increase in the consumption of natural healthy products. The growing popularity of plant-based proteins is another impact rendering factor for the industry expansion. For instance, Roquette, in June 2022, introduced two rice proteins for adding a new botanical option to its current portfolio.

Based on product, the animal/dairy protein ingredients market size will surpass USD 90.9 billion by 2032. The rising consumer awareness pertaining to meat quality is driving the preference for animal-based protein ingredients. In addition to providing all the essential amino acids, animal-based protein render lower risk of heart diseases and improved weight control. The increasing rate of health consciousness among consumers will also contribute to the product preference. The market for animal feed protein ingredients is likely to cross USD 555 billion by 2032.

The whey protein concentrates segment will grow significantly through 2032, with the increasing burden of chronic diseases, including heart disorders, colorectal cancer, and strokes. Benefits, such as high carbohydrate along with low cholesterol level and fat are other factors influencing the market demand.

Asia Pacific protein ingredients market size will record more than 9% CAGR between 2023 and 2032, owing to the rapidly growing food & beverage business in the region. It has been estimated that nearly 3% of the total GDP in India is held by the food & beverages industry. The surging consumer purchasing capacities, mainly in India, Malaysia, China, and Indonesia will also influence the adoption of protein ingredients. According to the UN World Food Programme, people in India spend an average of 3.5% of their daily income on food.