The latest report by IMARC, titled “North America Protein Ingredients Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the North America protein ingredients market size reached US$ 12.7 Billion in 2021. Protein ingredients refer to elements possessing numerous amino acids needed to maintain the protein levels in human beings. These ingredients assist in minimizing muscle loss with aging, enhancing physical strength, regulating weight, and mitigating the risk of chronic diseases. Appropriate consumption of proteins aids in managing stress, reducing hunger and body fat, and enhancing immunity. Protein ingredients are derived from plants and animals. Plant-based proteins are obtained from wheat, canola, soy, rice, and pea, whereas meat-based proteins are obtained from gelatin, fish, egg, meat, and milk. As compared to plant-based proteins, animal-based proteins possess a better nutritional profile. In recent years, protein ingredients have gained momentum due to their utilization in the production of dietary supplements and other food products, including bakery, dairy, infant formula, and beverages.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect effect of the associated industries. These observations will further be integrated into the report.
North America Protein Ingredients Market Trends:
One of the primary factors driving the market is the increasing number of health-conscious consumers and rising prevalence of obesity and diabetes among senior citizens. Additionally, the utilization of protein ingredients in various industry verticals, including personal care, cosmetics, healthcare, and pharmaceutical industries, is creating a positive market outlook. Other than this, the growing health consciousness across the region has resulted in the increasing demand for protein-rich dietary supplements, ready meals, and sports nutrition products. Besides this, the longer shelf life of protein ingredients is propelling market growth. Moreover, key players are introducing numerous product variants that are easy to cook and can be consumed on the go to increase their consumer base and gain a competitive edge in the market. Looking forward, IMARC Group expects the market value to reach US$ 20.4 Billion by 2027, expanding at a CAGR of 8.4% during the forecast period (2022-2027).
- Based on the product type, the market has been divided into animal proteins (egg protein, whey protein, gelatin, casein, milk protein concentrates/isolates), and plant proteins (wheat, soy, pea, and other proteins).
- On the basis of the application, the market has been divided into food and beverages, personal care and cosmetics, pharmaceuticals, and animal feed.
- Region-wise, the market has been classified into the United States and Canada.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
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