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According to the latest report by IMARC Group, titled “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global protein ingredients market size reached US$ 37.6 Billion in 2021. Protein forms an important component of the human body. It repairs tissues and is an essential building block of bones, muscles, cartilage, skin, and blood. A balanced consumption of protein offers several benefits, owing to which it forms an essential part of the daily diet. Protein ingredients consist of large molecules of amino acids that assist in regulating weight, improving immunity and physical strength, and reducing muscle loss. As a result, they are extensively utilized across various industries including food and beverages in the production of dairy and bakery products, infant formula, beverages, and dietary supplements.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Protein Ingredients Market Trends:
Owing to the increasing prevalence of obesity, diabetes and malnutrition amongst the masses, there has been a rise in the number of health-conscious consumers across the globe. As a result, protein-rich food and beverages such as dietary supplements and sports nutrition products, which offer the right amount of protein nutrition, are constantly gaining popularity. Moreover, an increasing number of health and fitness clubs on a global level also acts as a major growth-inducing factor. This, in confluence with the growing demand for soy proteins in snacks and dairy products, is providing impetus to the market growth. Furthermore, with changing lifestyles, the preparation of conventionally protein-rich products has become difficult. On the other hand, protein ingredients products are easy to cook and can be consumed on-the-go, which is contributing significantly to their demand. On account of the aforementioned factors, the market value is anticipated to reach US$ 52.3 Billion by 2027, expanding at a CAGR of 5.57% during 2022-2027.
Market Summary:
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