Albany, NY -- (SBWIRE) -- 02/20/2019 -- The TMR report projects the global protein ingredients market to register a promising CAGR of 6.50% from 2017 to 2027. By the end of 2027, the market will be worth US$64.35bn, predicts the report.

Growing popularity of plant protein ingredients is expected to push certain key products, such as soy and pea proteins to grow at high rates over the forecast period. But this growth is offset by relatively lower overall consumption of plant proteins. Despite the decreasing popularity of gelatin, egg and dairy products are expected to witness considerable demand in the future. Increasing consumer demand for 'purer' products with low processing is enabling development of new products such as micellar casein and native whey. The other factors driving the market are increasing adoption of protein ingredients in food and beverage products, and growing consumer preference for fortified foods or foods enriched with protein ingredients.

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Out of the various types of protein ingredients, the demand for animal proteins is expected to remain high in the next few years as they are rich in nutrition and consumption of animal proteins in daily basis increases fitness. Regionwise, North America is expected to lead the global protein ingredients market in the coming years. This is attributed to flourishingfood and beverages industry in the region.

Rising Awareness on Health and Fitness Propels Demand for Animal Proteins

Growing demand for animal proteins, increasing awareness about fitness, and rising incidence of health issues due to the lack of protein supplements are factors driving the global protein ingredients market. Protein ingredients or protein supplements in food are extensively used in tissue and muscle building. In addition, they also help in improving health. The enormous demand for "purer" products with reduced processing, rising demand for convenience foods with sufficient nutrients, and increasing preference for fortified foods are fueling demand in the global protein ingredients market.

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Protein ingredients can be sourced from animals or plants. Plant protein ingredients are mostly derived from soy, pea and wheat. They are widely used in texturizing vegetable proteins. Proteins are mainly available in the form of isolates and concentrates. Growing usage of soy isolates and concentrates has been driving the need for plant proteins, thus bolstering the demand in the global protein ingredients market. Animal protein ingredients can be derived from caseinates, eggs, and animals. They are considered as a protein-rich foods. Increasing rate of consumption of eggs and dairy products, growing demand for protein-rich foods from athletes or sportspersons, and rising health consciousness are expected to boost the global protein ingredients market.