The global bioactive protein and peptide market is set to soar to $70.75 billion by 2024, fueled by a growing trend towards nutraceuticals and health-focused foods! North America's demand for functional foods and innovations like plant-based proteins are leading the charge. Discover how key players are shaping this dynamic market with exciting new products!
Key Takeaways
- The bioactive protein and peptide market is projected to grow to USD
70.75 billion by 2024, driven by rising consumer demand for health benefits. - North America leads the market due to its high consumption of functional foods and sports nutrition, with East Asia also experiencing significant growth.
- Plant-based bioactive proteins and peptides are becoming increasingly popular due to sustainability concerns and health advantages.
Market Growth and Forecast Overview
The global bioactive protein and peptide market is set to soar to USD
70.75 billion by 2024, driven by a
9.3% annual growth rate. This surge is fueled by the rising demand for health-focused nutraceuticals and functional foods, with North America leading the charge. Consumers are increasingly favoring plant-based options for their sustainability and health benefits, prompting key players like Kerry Group to innovate with new products that cater to this shift. Innovations such as Gelita's PeptEndure and Nuritas' PeptiStrong highlight the market's dynamic evolution towards supporting health and fitness.
Key Players and Innovations in Bioactive Proteins and Peptides
The global bioactive protein and peptide market is on track to reach $70.75 billion by 2024, driven by increasing consumer interest in health-enhancing products. This growth is particularly strong in North America and East Asia, where demand for functional foods and sports nutrition is rising. Key innovations like Gelita's PeptEndure and Nuritas' PeptiStrong reflect a shift towards sustainable, plant-based options aimed at enhancing well-being and performance.
Leave a comment