Fact.MR – A Market Research and Competitive Intelligence Provider: The global zein protein market stood at US$ 2.17 Billion in 2022 and is expected to reach US$ 3.76 Bn by the end of 2032.
Rising adoption of Zein protein in Pharmaceutical & Biochemical Industry to Offer Zein protein market US$ 3.76 Bn Market Opportunity in 2032
Fact.MR’s recent study published on the global zein protein market provides detailed insights into prominent factors favoring growth between 2022 and 2032. It offers an elaborate quantitative and qualitative analysis on the current market trends. The study also unravels the demand outlook for sepsis diagnostics in the market in terms of component, content type, provider type, application, and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global zein protein market stood at US$ 2.17 Billion in 2022 and is expected to reach US$ 3.76 Bn by the end of 2032. The market is anticipated to grow at a CAGR of 5.3% in the forecast period from 2022 to 2032.
Rising health concerns and growing consumer interest in healthy plant-based protein are driving the market for zein protein. Also, surge in number of consumers is witnessed across the globe, who prefer plant protein ingredients as substitutes for dairy-based protein.
Rising demand from regulatory and government bodies to utilize zein protein in various industries such as biochemical and pharmaceutical industry is expected to boost the growth of zein protein market during forecast period. Moreover, zein proteins are gaining traction in pharmaceutical industry because of various benefits for instance, zein protein provides a smooth surface to tablets which makes it easy to swallow for the patients.
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Besides this, commercial desirability of zein proteins have increased in recent years as zein protein & related resins are moulded into durable coatings that can defend microbial attacks.
Also, rapid adoption of zein protein is witnessed in food industry due to various beneficial properties. For instance, zein protein is widely used in coating candies such as jellybeans and chocolates due to its flavour-enhancing properties.
Moreover, to establish a foothold in the market, key players in zein proteins market are focusing on research & development activities & launching high-end coating products using zein protein.
Key Takeaways:
- North America and Europe together comprises of over 50% of the share of global zein protein market.
- Europe dominates Zein protein market by occupying around 27.6% of global market followed by North America comprising of 24.7% of the share.
- The U.S. Zein protein Market is expected to grow at 5.3% CAGR between 2022 and 2032.
- Based on end use, food industry accounts for the maximum share of the global zein protein market.
Growth Drivers:
- High adoption of zein protein in manufacturing of food ingredients, notably food coating agents is driving the growth of zein protein market
- Increasing preference towards plant-based protein is stimulating zein protein market growth
- Rapid expansion of pharmaceutical industry in Europe & North America is driving the growth of the zein protein market
Restraints:
- Low adoption of zein protein across some developing regions act as a restraint to the market.
- High processing cost of zein protein is expected to restrain the growth of zein protein market.
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Competitive Landscape:
Key zein protein providers across the globe are focusing on research and development activities that will lead to market innovations. These activities will lead to market innovations and new product launches. For instance:
- In 2021, Scientists at the Nanyang Technological University & Harvard launched a recyclable waterproofing packing made of zein. This packaging has the same appearance as clear plastic. This food packaging releases antimicrobials slowly to kill bacteria such as E. coli and Listeria
- Thew Arnott, manufacturer of customized flavorings, launched Flo Zein, natural maize protein coatings for dried fruits and nuts into European market.
Prominent players in the market are expanding their presence through online distribution channel. For instance:
- Flo Chemical, leading natural coatings material provider, has witnessed considerable sales via online distribution channels.
Key Companies Profiled by Fact.MR
- Zein Products
- Glanbia plc
- CHS Inc.
- Cargill Inc.
- Du Pont
- AGT Food & Ingredients
- Burcon Nutrascience Corporation
- Archer-Daniels Midland Company
- Penta International
- Roquette Freres
- Cosucra Groupe Warcoing
- Ingredion Inc.
More Valuable Insights on Zein Protein Market
In its recent study, Fact.MR reveals factors influencing the growth in the global Zein Protein Market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the Zein Protein Market through detailed segmentation as follows:
By Source:
- Natural Zein Protein
- Lab Synthesized Zein Protein
By End Use:
- Food
- Pharmaceuticals
- Cosmetics
- Coating Agents
- Adhesion
- Others
By Distribution Channel:
- Direct Sales
- Indirect Sales
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Questions Covered in the Zein Protein Market Report
- What is the valuation for Zein Protein Market in 2021?
- At what CAGR did the Zein Protein Market thrive between 2015-2021?
- What is the projected valuation for Zein Protein Market by 2032?
- By component, which segment will have maximum gains during the forecast period?
- What is the projected growth perspective for the U.S. Zein Protein Market?
- What is the growth perspective for the Japan and Korea Zein Protein Market?
- What will be the market value of China in global Zein Protein Market?
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