Global Veganism Surges in Western and Northern Nations, With Notable Uptake in the US Global Majority (BIPGM) Communities: A Growing Movement Towards Plant-Based Diets Reshapes Dietary Preferences Worldwide.
Arizton is pleased to announce its latest report, Protein Ingredients Market - Global Outlook & Forecast 2023-2028, shedding light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and the competitive landscape of the business. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current market dynamics of protein ingredients and future prospects.
Read the Report Details: https://www.arizton.com/market-reports/protein-ingredients-market
The global market for protein ingredients has grown significantly in recent years, and this trend is expected to continue in the upcoming years. The market will continue evolving to meet the needs of an ever-growing and increasingly diverse population.
However, Competition in the global protein ingredients market is increasingly globalized as new players, mainly in China, India, and Brazil, enter the market. In addition, multinational companies seize the opportunity to gain a competitive edge by investing in new protein sources and in R&D initiatives to create new and innovative products. As a result, the competition is global and highly structured, with a clear delineation between market leaders and up-and-coming rivals.
The market is dominated by a handful of major players, such as ADM, Arla Foods, Cargill, DuPont, and Kerry Group, which account for most of the market share. Moreover, a growing number of smaller, emerging players in the industry gradually gain market share through innovative products and strategies.
Soy Protein to Hold the Largest Share in the Next 6 Years, More than $25.90 Billion Opportunities by 2028
Soy protein is considered a nutrition powerhouse, it is somewhat of a controversial food. Soy protein contains phytates, also known as anti-nutrients. Phytates can adversely affect the functioning of the thyroid gland and the production of hormones. Soy protein also contains phytoestrogen, which can disrupt the natural hormone levels in the body. It can notably increase testosterone and estrogen levels. Furthermore, soy products are frequently genetically modified. Thus, growing controversies regarding the benefits of soy protein are likely to impact the market growth.
Considering the controversies surrounding soy protein, vendors in the protein ingredients market proactively address concerns and adapt to changing consumer preferences. Recognizing the nutritional benefits of soy as a rich source of plant-based protein, many vendors are investing in research and development to enhance the processing methods of soy protein and reduce anti-nutrients like phytates. This includes developing techniques to improve the bioavailability of nutrients and minimize potential adverse effects on thyroid function and hormone levels. Additionally, vendors increasingly offer non-genetically modified (non-GMO) and organic soy protein options to cater to consumers' growing demand for cleaner and more sustainable food choices. By promoting transparency in labeling and communicating the nutritional benefits of soy protein, vendors aim to alleviate concerns and foster consumer trust, contributing to the continued growth of soy protein in the protein ingredients market.
Recent Developments in the Protein Ingredients Market
- In 2022, International Flavors & Fragrances (IFF) launched its next-generation plant-based protein - SUPRO® TEX - to enhance growth in the meat alternative segment beyond ground meat burgers.
- In 2023, FrieslandCampina, a prominent player in the global proteins and prebiotics industry, announced its plan to increase its production of whey protein isolate and milk fat globule membrane (MFGM) twofold.
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