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Meticulous Research®—a leading global market research company, published a research report titled ‘Protein Hydrolysates Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the protein hydrolysates market is expected to reach $1.07 billion by 2031, at a CAGR of 5.7% from 2024 to 2031.
The growth in the protein hydrolysates market is driven by rising demand for sports nutrition, increased consumer preference for plant-based diets, and growing awareness of the health benefits of protein. Additionally, the growing popularity of infant formula products and advancements in hydrolysis technology present significant growth opportunities for market players. Furthermore, the increasing demand for functional foods is a prominent trend in the protein hydrolysates market.
Key Players:
The protein hydrolysates market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the protein hydrolysates market are Arla Foods amba (Denmark), Glanbia Plc (Ireland), Kerry Group PLC (Ireland), Royal FrieslandCampina N.V. (Netherlands), Fonterra Co-operative Group Limited (New Zealand), Tate & Lyle PLC (U.K.), Archer-Daniels-Midland Company (U.S.), Lactalis Group (France), AMCO Proteins (U.S.), DSM-Firmenich (Netherlands), Kemin Industries, Inc. (U.S.), Axiom Foods, Inc (U.S.), and Roquette Frères (France).
The protein hydrolysates market is segmented based on type, process, form, and application. This study also evaluates industry competitors and analyzes the regional and country-level markets.
Among the types studied in this report, the animal protein hydrolysates segment is anticipated to dominate the protein hydrolysates market in 2024. The availability and extensive applications of animal protein hydrolysate across various industries, including food and beverages and animal nutrition, along with its high nutritional value, bolster this segment's dominance in the protein hydrolysates market. Additionally, it is projected that milk protein will hold the largest share of the animal protein hydrolysates market in 2024.
Among the forms studied in this report, the solid segment is anticipated to dominate the protein hydrolysates market in 2024. The increasing demand for powdered protein hydrolysates, attributed to advantages such as ease of handling and storage, cost-effectiveness, and stability, reinforces this segment's dominant position.
Among the applications studied in this report, the sports nutrition segment is anticipated to dominate the protein hydrolysates market in 2024. Consumers' rising interest in health, fitness, and sports activities, fueled by increased health awareness and the popularity of high-protein diets, contributes to this segment's dominant position in the protein hydrolysates market.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (France, Spain, Italy, Germany, U.K., Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa ((South Africa, Saudi Arabia, and the Rest of Middle East & Africa).
Among the geographies studied in this report, Asia-Pacific is expected to dominate the protein hydrolysates market in 2024. This regional market's large share is attributed to various factors, including rising consumer health awareness driven by the increasing prevalence of diet-related diseases and an aging demographic. Additionally, the growing preference for plant-based diets and an expanding vegan population are key contributors to market growth. Furthermore, it is anticipated that China will lead the protein hydrolysates market in the Asia-Pacific region in 2024.
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Key Questions Answered in the Report-
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