The global protein extract market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The increase in the prevalence of single-cell protein related disorders has created a demand for the development of new proteins for its treatment which in turn drives the global protein extract market growth. Major healthcare companies are focusing on the development of protein for single-cell microbial sources.
Moreover, technological advances in the production of single-protein are expected to propel the growth of the global protein extracts market and the development of personalized nutrition products is expected to boost growth in the sector as R&D in nutrition is expected to facilitate the adoption of such products, several research papers are published on the use of protein derived from single-cell protein and another microbial origin.For instance, in August 2019, ProFloc, a new SCP, was developed by Nutrinsic from animal health foods and beverages, this product was developed as a continuous alternative to other animal and plant products, and can replace any animal or vegetable source in animal nutrition.
Further, in September 2019, Nutreco launched a new animal feed plant in East Java, Indonesia as part of its Asian market growth program, and in the same year, it reopened the premix plant in Vietnam and both expansion facilities were aimed at boosting the company’s growth inthe protein extracts market.
The easy availability of cheaper alternatives and the various adverse effects of protein development is expected to serve as a barrier to the market growth of protein extracts, and negative claims and advertising have the potential to challenge the market growth during the forecast period.In addition, the increasing demand for easy and easily accessible add-ons and the growing number of online users associated with easy access and convenience will further develop new market opportunities for global protein extracts in the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Tangshan Top Bio-Technology Co., ltd, XIAMEN HYFINE GELATIN CO., Ltd., Cangzhou Tianyu Feed Additive CO., Ltd., Euglena Co., Ltd., and KnipBio, Hangzhou Vega Co., Ltd.,among others.
A full report is available at: https://orionmarketreports.com/global-protein-extracts-market/95913/
Global Protein Extract Market Report by Segment
By Type
- Plant Protein Extract Sources
- Microbial Sources (Single Cell Proteins)
- Microbial Sources (Direct Use)
By Application
- Pharma
- Cell Culture media
- Animal Feed
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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