The protein hydrolysate ingredients market revenue totaled US$ 554.9 Mn in 2021, according to Future Market Insights (FMI). The overall protein hydrolysate ingredients market is expected to reach US$ 1.0 Bn by 2031, growing at a CAGR of 7.30% during 2021- 31.
Growing popularity of sports nutrition as consumers are switching towards healthy lifestyle is fueling the demand for sports nutrition segment especially whey protein hydrolysate ingredients.
Increasing demand for versatile clinical nutrition with great taste will drive the market during the forecast period. Application in infant formula also will increase, especially in emerging economies and is predicted to boost the consumption of protein hydrolysate ingredients in coming years.
North America protein hydrolysate ingredients market is forecast to grow at 7.90% CAGR during the assessment period. Sales uptick can be attributed to high consumption of whey proteins and other protein ingredients and expansion of specialty food ingredient processing industries in the U.S. With increasing production of whey powder and growing demand for plant based protein alternatives in U.K and Germany, Europe protein hydrolysate ingredients market is predicted to expand at more than 6.90% CAGR through 2031.
Prominent players in the international protein hydrolysate ingredients market are Arla Food Ingredients, Kerry Group Plc, Glanbia PLC, FrieslandCampina N.V., and Hilmar Ingredients. These accounted for a cumulative share of approximately ~25-30%.
Key Segments Covered In Protein Hydrolysate Ingredients Market Study:
By Ingredient Type:
By Product Form:
By End Use:
Bakery & Confectionery
Sauces & Spreads
Asia Pacific excluding Japan
Middle East & Africa
For More Information: https://www.futuremarketinsights.com/reports/protein-hydrolysate-ingredient-market