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LONDON, March 2, 2021 /PRNewswire/ -- According to a new market research report titled "Protein Ingredients Market
by Type (Animal Protein, Plant Protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), and Application (Food & Beverage, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics) — Global Forecast to 2027", the protein ingredients market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach $73.09 billion by 2027.
Protein ingredients play a vital role in healing and repairing the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates. They also help in regulating weight, improving physical strength, lowering muscle loss caused by aging, and mitigating the risk of chronic diseases. As a result, protein ingredients are widely used in the production of foods and beverages, animal feed, nutrition and health supplements, personal care and cosmetic products, and pharmaceuticals. Major factors driving the growth of the protein ingredients market are the growth in the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. Additionally, the growing potential of insect and plant proteins, untapped emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing consumer inclination towards the vegan diet are expected to provide significant growth opportunities for protein ingredient manufacturers in the coming years.