The global protein hydrolysate ingredients market is estimated to reach at a value of US$ 606.2 Mn by the end of 2020 and expected to reach at a value of US$ 1,137.3 Mn by 2028 with a significant CAGR of 8.2%
Global protein hydrolysate ingredients market, By Ingredient Type (Whey Protein Hydrolysate Ingredients, Meat Protein Hydrolysate Ingredients, Casein Hydrolysate Ingredients, Milk Protein Hydrolysate Ingredients, and Plant Protein Hydrolysate Ingredients), By Product Form (Liquid and Powder), By End Use Applications (Sports Nutrition, Clinical Nutrition, Infant Formula, Sauces & Spreads, and Bakery & Confectionery), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global protein hydrolysate ingredients market is estimated to reach at a value of US$ 606.2 Mn by the end of 2020 and expected to reach at a value of US$ 1,137.3 Mn by 2028 with a significant CAGR of 8.2%.
Proteins are the building blocks for muscles, enzymes and hormones and helps in tissue repairs and the increasing awareness of the same in population around the globe is expected to provide a boost towards more protein diet, which in turn is expected to support the growth in protein hydrolysate ingredients market over the forecast period.
As per the report, in the present circumstances, the population around the globe is extremely concerned towards their lifestyle and their eating habits as people are too busy in their hectic and lethargic routine which is leading them to extremely severe and harmful diseases. Thereby, the food & beverage industry is also aiming their attention at introducing nutritional ingredients comprising numerous health benefits to their consumers.
Basically, the protein hydrolysates can be described as the combination of oligopeptides, amino acids and polypeptides that are obtained from protein sources with the process of partial hydrolysis. The protein hydrolysate ingredients are considered rich in proteins and can be easily consumed in comparison to other proteins. Owing to which, the global protein hydrolysate ingredients market is expected to boost rapidly in the near future.
Notably, the global protein hydrolysate ingredients market is witnessing huge demand for the product owing to the rise in inclination of consumers towards nutritional food products and associated health benefits with the product such as bioavailability, easily digestible and highly pure in contrast with other proteins.
Attributable to such factors, the global protein hydrolysate ingredients market is projected to flourish further in the upcoming years.
However, there are plenty of other substitutes of protein ingredients in the global market, which may hold back the growth of the global protein hydrolysate ingredients market during the forecast period.
Along with that, an abundance of population all around the world is adopting the vegan lifestyle which is also contributing to the soaring demand of protein rich food products such as protein hydrolysate, thus supporting the growth of the global protein hydrolysate ingredients market.
Likewise, the surging population of lactose intolerant population across the globe together with increasing gastrointestinal problems among the population is also estimated to give a positive push to the growth of the global protein hydrolysate ingredients market in the near future.
Furthermore, there is a huge scope of further research activities with regard to protein-rich products as well as product innovations and technological enhancements are also expected to positively fuel the growth of the global protein hydrolysate ingredients market in the coming years.
Additionally, few other factors such as growing urbanization, ever-increasing population across the world together with surging disposable income of the population is also projected to augment the growth of the global protein hydrolysate ingredients market during the forecast period.
MMC study identifies some of the key participating players in the protein hydrolysate ingredients market globally are Arla Foods Ingredients, Fonterra Cooperative Group, Agropur Inc., LG Corporation, Milk Specialties Group, Amco Protein, Royal Frieslandcampina, Tate and Lyle, Kerry Group, Carbery Group, among several others.
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