Protein ingredients are generally classified into two-plant protein and animal protein. It has been reported that about 76% of the global population derive most of their daily protein from plants, enabling the plant protein ingredients market to grow profusely over the time frame of 2020 to 2026. What has been driving the demand for plant protein ingredients is the growing health concerns along with rising consumer awareness towards consumption of plant based diet. Many plant-based ingredients have protein content varying from 50 per cent – 80 per cent and offer extensive health benefits, representing an expansive scope of application.
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Minimized costs have made plant protein reasonable for consumer consumption and enthused the adoption among food manufacturers and gradually in the fast-food segment. Moreover, with the trend of veganism gradually expanding, consumers are now mainly focused on considering the intake of plant based protein ingredients, prompting industry leaders to go nine yards into production of such ingredients and products.
To illustrate, Kerry- a premier taste and nutrition company- had in June-2020 declared expanding its plant protein ingredients range, in a bid to address the mounting demand for plant-based food and beverages. As per news sources, the range includes vegan, organic, and allergen-free products that are deemed to be suitable for use in diverse F&B applications- right from infant nutrition to seniors’ protein beverages to vegan needs.
The global Protein Ingredients Market was valued at 36.5 (USD Billion) in 2019 and is expected to value at 62 (USD Billion) by 2026 at a growing CAGR of 7.5% during the forecast 2020-2026.
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Major Reasons to buy Protein Ingredients Market Report:
– It Save time carrying out entry-level research by identifying the market size, growth rate, and top players in the Protein Ingredients market.
– Report provides porter’s Five Forces analysis to determine the competitive intensity and therefore attractiveness of the Protein Ingredients Industry.
– Provides Leading company profiles, contact information, financial status, reveal details of key market players five operations and financial performance.
– Report provides historical forecasts, current market status, and upcoming years Forecast till 2026
– Compares data from different regions like North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
Some of the important questions answered report provides:
– What will the market growth rate and future growth of the market?
– Which are the key factors driving the Protein Ingredients market?
– What was the size of the Protein Ingredients market by 2020?
– What will be the size of the Protein Ingredients market in 2026?
– Which segment will drive the overall Protein Ingredients market?
– Who are the Top 5 Players of market? What strategies they adopted to grow their business?
– Which region is expected to hold the highest market share in the Protein Ingredients market?
– What trends, challenges and risks will impact the development and sizing of the Protein Ingredients market?
– What is sales volume, revenue, and price analysis of top players of Protein Ingredients market?
– What are the Protein Ingredients market opportunities and threats faced by the vendors in the Protein Ingredients Industry?
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Finally, the report provides some tables and figures helping to analyze Protein Ingredients market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Related Report from Other Source: Protein Ingredients Market Value to Hit $62 Billion by 2026, Says Global Market Insights, Inc.
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