Protein Ingredients Market
Transparency Market Research has recently published a new research report that provides detailed information about the inner working dynamics of the global protein ingredients market. The research report tries to shed light on the key market segments, geographical outlook, and current state of the competitive landscape of the global market. As per the research report, the global protein ingredients market is expected to showcase a highly promising CAGR of 7% over the course of the given forecast period ranging from 2019 to 2029. Initially, the market was projected to reach a valuation worth US$42.6 Bn in the year 2019. Given the rate of development, the valuation of the global market is projected to rise up to US$84 Bn by the fall of 2029.
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Increasing Demand for High Quality Protein to Drive Market Growth
There are several factors that are helping to drive the growth of the global protein ingredients market. One of the key driving factor for the market growth has been the growing demand for high quality protein across the globe. In addition to this, there has been a fundamental shift in the overall consumer purchasing preference. People are now more inclined towards purchasing natural and healthy protein ingredients that will help in their diet and fitness regimes. Moreover, this growing trend of preferring organic protein ingredients is more evident in dairy products, which account for a considerable portion of the global market due to its easy accessibility as well as availability for both young and adult consumers.
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Another important driving factor for the growth of the global protein ingredients market is the growing obesity across the world, particularly, in the urban areas. Lack of open spaces for children to play has become huge health concern and increasing consumption of low quality food products has only added to the obesity problem. This is expected to present a massive development opportunity for the players operating in the global protein ingredients market.
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With products such as energy bars, quick booster snack bars, energy drinks, and other similar products that are integrated with quality protein ingredients can help in attracting more consumers and thus driving more sales. In addition to this, fitness trends such as yoga, gym, and general healthy being are also expected to drive the growth of the global protein ingredients market.
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