Rising Demand for Protein-Based Dietary Supplements and Infant Nutrition to Flourish Market
Protein Hydrolysates are widely used in infant formula to enhance the absorption of amino acids and gain optimum nutrient value of protein. Infant milk contains the essential minerals, nutrients, and vitamins in order for the normal development of the baby. In addition, many working mothers return to their jobs shortly after giving birth. Thus, infant formula can be fed at convenience and provides essential healthy and nutritious alternatives. The U.S. Federal Food, Drug, and Cosmetic Act (FFDCA) define baby and infant formula as "a food which significances to be or is represented for special dietary use merely as a food for baby and infants by reason of its simulation of human milk”.
Moreover, high nutrition content in baby and infant formula, change in lifestyle, and increase in disposable income of people in emerging economies, such as India, China, Indonesia, are expected to boost the demand for infant formula further increasing the demand for Protein Hydrolysates. This in turn is further driving the growth of the Protein Hydrolysates Market over the forecast period of 2022-2028.
What Will Be The Market By 2028?
Our report on Protein Hydrolysates Market has covered the study of the latest development and investment in the market. In addition, the report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for Protein Hydrolysates Market.
Additionally, our report includes market drivers, restraints, and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, and forecasts & predictive analysis. The Global Protein Hydrolysates Market valued at USD 3.24 Billion in 2021 and expected to reach USD 6.32 Billion in 2028 at CAGR of 8.7%.
Some of the key players in the Protein Hydrolysates Market include - Koninklijke DSM N.V. (Netherlands), Abbott Laboratories (US), FrieslandCampina (Netherlands), Kerry Group (Ireland), and Arla Foods (Denmark), Tate & Lyle plc (UK), Glanbia plc (Ireland), Danone Nutricia (Netherlands), Archer Daniels Midland Company (US), AMCO Proteins (US), Roquette Frères (France), and Hilmar Ingredients (US)..
Asia Pacific is anticipated to account for the largest market share. The market growth in the region is attributed to owing to the presence of major food & beverage industry players in the region. The presence of such key players offers the opportunity to protein hydrolysate manufacturers with an extensive base. The Asia Pacific is projected to grow at a substantial compound annual growth rate (CAGR) over the forecast period. The factors such as increasing consumer disposable income and the presence of a large base of the population are anticipated to drive the market over the forecast period.