Market Size of Protein Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Protein Ingredients Market Analysis
The global protein ingredients market is poised to grow at a CAGR of 6.32% during the forecast period (2020 - 2025).
- Protein ingredients are consumed to maintain the level of proteins in the human body as they are the best source to keep the body fit. The human body is incapable of producing vital amino acids which are required for healing cells.
- The highly matured sports nutrition and functional beverage industries drive the growth of protein ingredients in the global market. Canada and Mexico have emerged as major importers of whey, over the past few years. The Asia-Pacific youth population that extensively uses whey protein for bodybuilding, has been generating considerable demand.
- The leading players such as Roquette Frères and others witnessed the slowdown of the sales and product innovation due to the fact that many companies had to shut down laboratories as an impact of COVID-19. However, surge in the demand for plant-based protein ingredients further strengthen the growth of market.
