Protein Ingredients Market by Type (Animal Protein, Plant Protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), and Application (Food & Beverage, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics)—Global Forecast to 2027
The protein ingredients market is expected to grow at a CAGR (compound annual growth rate) of 7.8% from 2020 to 2027.The protein ingredients market study presents historical market data in terms of value (Protein 2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application & geography. the study also evaluates industry competitors and analyzes the market at the country level Based on type, the protein ingredients segmented into animal protein, plant protein, insect protein, and microbial Protein ingredient manufactures are facing a shortage in the supply of raw materials.......sources, which is likely to ease pressures on the global food chain.
The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level. However, the insect protein segment is market is mainly expected to grow at the highest CAGR during the forecast period, which is mainly attributed to the growing demand for environment-friendly protein-rich foods, rising investments in edible insect farming, and altering attitudes towards insects as food & Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. the segment large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean ' trend.