European Protein Ingredients Market Size, Share, Regional Trends, Demand and Forecast 2033|MRFR
Protein Ingredients Market Overview:
AS per the MRFR reports, the global protein ingredients
market is anticipated to record a healthy CAGR of over 8.71% during the review
timeframe to acquire a size of approximately USD 90.173 Million by 2032.
The European
Protein Ingredients Market is a vital sector of the continent's food
and beverage industry, characterized by increasing consumer demand for
protein-rich products, changing dietary habits, and the growing emphasis on
health and wellness. Protein ingredients, which encompass a variety of sources
such as dairy, plant, and animal proteins, serve as essential components in a
wide range of food and beverage applications, including sports nutrition,
functional foods, and meal replacements. Key drivers of market growth in Europe
include rising consumer awareness of the health benefits associated with
protein consumption, the growing popularity of vegetarian and flexitarian
diets, and the increasing demand for clean label and sustainable ingredients.
Additionally, factors such as technological innovations in ingredient
processing, the development of novel protein sources, and the expansion of
distribution channels contribute to the market's expansion. Market players
collaborate with food manufacturers to develop customized protein solutions, improve
product formulations, and address specific nutritional and functional
requirements. Despite challenges related to regulatory compliance and
competition from alternative ingredients, the European protein ingredients
market offers opportunities for innovation and growth as consumers continue to
seek high-quality and sustainable protein sources to support their health and
wellness goals.
Proteins are prepared from building blocks called amino
acids. There are over 20 different amino acid types connected in various
combinations. The global Protein Ingredients Market has recorded
praiseworthy growth in recent years. The increasing preference of consumers is
primarily driving the growth of the market. Furthermore, the increase in food
safety issues related to animal protein and increasing awareness among
consumers are also likely to catalyze the growth of the protein ingredients
market over the forecasted timeframe.
Regional Analysis:
The global protein ingredients market is studied across
several geographies, including North America, South America, Europe,
Asia-Pacific, and the Middle East & Africa.
The MRFR report suggests that the North American region will
likely dominate the global protein ingredients market over the forecasted era.
The increasing disposable income is primarily driving the growth of the
regional market. The U.S. is the leading market across the region.
The European regional market for protein ingredients is
further divided into France, the United Kingdom, Italy, and Germany.
The protein ingredients market across the Asia-Pacific
region is further divided into Japan, China, India, and others. The regional
market is likely to record substantial growth over the forecasted era due to
the consumer market's shifting trends. On the other hand, unstable raw material
prices might restrict the regional market's growth.
Competitive Landscape:
The global market for protein ingredients has a strong and
competitive landscape with a wide number of players spread worldwide. The
players in the market worldwide are accepting new growth policies and plans to
strengthen their market footprint. The list of leading players in the global
Key Protein
Ingredients Market Companies includes Nutripea (Canada), Solbar
(Israel), Shandong Sinoglory Health Food Co., Ltd (China), Solae (U.S.), Gushen
Biological Technology Group Co., Ltd (China), Shandong Yuwang Industrial Co.,
Ltd (China), Archer-Daniels-Midland Co. (U.S.), and several others.
Segmentations:
The global Protein Ingredients Market has been split
into numerous segments based on applications, form, feedstock, and region.
Based on feedstock, the global market for protein
ingredients is split into whey, soy, pea, egg, canola, wheat, pork, milk,
casein, beef, and others.
Based on form, the global protein ingredients market is
divided into ready-to-drink, powder, capsules & tablets, bars, and others.
Based on application, the global market for protein
ingredients is fragmented into sports nutrition, meat additives, confectionery
& other food products, pharmaceutical, functional foods, and others.
Recent Developments:
•January 2022 – A food-tech firm unraveling the natural
genetic diversity of plants with its cutting-edge food innovation engine,
Benson Hill, Inc., has announced it has acquired ZFS Creston, LLC, a recognized
food-grade white flake and soy flour manufacturing operation based in southwest
Iowa, for over USD102 million principally funded through a new debt facility.
The funding meets the last step in Benson Hill's ability to convert its
trademarked soybeans into value-added soy protein ingredients for underserved
pet and human food categories.
•January 2022 – a life science ingredient distributor,
Barentz, has announced that it will be the exclusive North American distributor
for ACT Polyols (ACT). The Pakistan-based company aims to grow in the clean
label market with protein isolates and non-GMO, rice-derived sweeteners. Its
ingredients, available in conventional and organic grades, are used in dietary
supplements and food products, such as baked goods, energy bars, confectionery,
desserts, and beverages.
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