Spain Protein Ingredients Market Overview, 2027

Spain Protein Ingredients Market Overview, 2027

Bonafide Research 18-10-2022 53 Pages Figures : 7 Tables : 21
Region : Europe Country : Spain Category : Food & Beverages Food

Proteins from both animals and plants have the potential to be versatile ingredients in a variety of culinary products. They display a variety of advantageous bioactivities and functionalities while digesting food ingredients. In food preparations, they serve as thickeners, gelling agents, texture modifiers, carriers, and foaming agents. These have numerous more uses in a variety of sectors, such as animal feed, personal care, and nutrition. The expansion of the protein ingredients market is being fueled by consumers' shifting priorities toward nutritious and healthy meals and an increase in protein consumption to obtain additional nutrients from protein supplements made with protein ingredients. The market for protein components is anticipated to grow as a result of the widespread consumption of whey and egg proteins as animal protein supplements. Due to consumers' perceptions of infant formula's high nutritional content and their children's increased health consciousness, demand for baby formula containing protein components has increased. Manufacturers of dairy ingredients and organizations like the Innovation Center for Country Dairy invest in R&D projects to improve protein ingredient qualities like flavor, fragrance, and performance. As a result, it is projected that this would present producers with an attractive chance to market a better selection of protein components and increase their market share.

The market for protein ingredients is anticipated to expand significantly throughout the projected period, according to Bonafide Research's research report, "Spain Protein Ingredients Market Overview, 2027." Due to the increasing popularity of foods made with protein ingredients, such as margarine, cold cuts, bakery goods, spreads, yoghurt, and milk sausages, the market is gaining speed and experiencing strong demand. The market is expanding as a result of rising sales of these items among senior and health-conscious consumers. A rise in the development of proteins by different producers that contain a variety of amino acids and serve certain purposes, including satiety, muscle repair, weight loss, and energy balancing, is additionally anticipated to supply the market with tremendous potential opportunities.

As the food and beverage industry grows as a result of growing government and consumer spending, the market for protein components is anticipated to increase. The development of the global market for protein ingredients is anticipated to be constrained by governmental regulations governing labeling and incorporation in application sectors. The standards and labeling requirements for plant-based products differ by market, which makes it challenging for these products to be exposed to and placed in application sectors, hence limiting the market growth for protein components. Socioeconomic trends including increased urbanization, rising affluence, and ageing populations are the drivers boosting protein demand for healthy ageing, and it is becoming more and more understood how important protein is to a healthy diet. As a result, the market for country-specific protein components is experiencing rapid expansion due to the rising need for proteins. The use of protein ingredients in the global market is anticipated to be constrained by the adverse effects of overusing protein compounds, which include skin allergies, constipation, and nausea. Soy and milk protein components can be the root of several illnesses and allergies. According to projections, this will restrain the market's growth for protein components worldwide.

The rapid spread of COVID-19 and the equally rapid government response to restrict the movement of the majority of the population in different countries have dramatically changed the consumption patterns, which has also impacted the food & agriculture industries. The significant changes in consumer purchasing behavior are gradually transforming the food industry. Due to rising health concerns, consumers have started avoiding the consumption of meat and poultry. They are now more inclined toward protein substitute products to fill in the gap. The sales of immunity-related ingredients have spiked globally. These trends have fueled the demand for protein-based products as protein is one of the most important constituents that help in building immunity. However, the corona virus has caused a severe disruption in the supply chain and has influenced the supply of ingredients and raw materials. Companies are constantly trying to handle the situation and be ready for any further disruption.

Considered in this report:
Geography: Spain
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
Spain Protein Ingredient market with its value and forecast along with its segments
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

By MAIN Source:
• Animal PI
• Plant PI

By Application:
• Food & Beverages
• Animal Feed
• Cosmetics & Personal Care
• Pharmaceutical & nutraceuticals
• Others

By Animal PI Type:
• Egg Protein
• Milk Protein
• Whey Protein
• Casein/Caseinates
• Gelatin
• Others

By Plant PI Type:
• Soy Protein
• Pea Protein
• Wheat Protein
• Others (canola,Rice,potato,etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Protein Ingredients Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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