PROTEIN HYDROLYSATE INGREDIENTS MARKET ANALYSIS

Protein Hydrolysate Ingredients Market, By Ingredient Type (Milk Protein Hydrolysate, Whey Protein Hydrolysate, Casein Protein Hydrolysate, Meat Protein Hydrolysate), By Product Form (Powder, Liquid, Bar), By Application (Infant Formula, Clinical Nutrition, Sports & Slimming Food), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022
Code : CMI4775
Pages :150
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Protein Hydrolysate Ingredients MarketSize and Trends

Global protein hydrolysate ingredients market was valued at US$ 4275.2 Million in 2021, in terms of revenue, exhibiting a CAGR of 7.09% during the forecast period (2022 to 2030).

Figure 1. Global Protein Hydrolysate Ingredients Market Value Share (%), By Region, 2021

Market Trends

Product innovation by the manufacturer is a major trend in the market and this trend is expected to augment the market growth of the protein hydrolysate. For instance, in May 2020, Marfrig, producer of hamburgers and one of the largest bovine protein companies and ADM, a global leader in human and animal nutrition announced Plantplus foods, a joint venture that will provide clients in North and South America with plant-based goods.
An increasing number of online shopping stores has increased the product visibility and ultimately sales of the product, this is expected to accelerate the market growth of the protein hydrolysates. According to the U.S. Department of Commerce quarterly ecommerce figures, consumers spent $601.75 billion online with U.S. merchants in 2019, up 14.9% from $523.64 billion the prior year. Thus growing online retail industry is expected to foster the market growth of the protein hydrolysate.

Protein Hydrolysate Ingredients Market Report Snapshots