GCC Protein Ingredients Market

GCC Protein Ingredients Market Overview:

 The GCC Protein Ingredients Market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Protein ingredients are macronutrient organic compounds that play a significant role in the building of muscles. They comprise a chain of amino acids that are composed of hydrogen, carbon, nitrogen, and sulfur. They are obtained from various sources, such as plants and animals, using methods of filtration and precipitation. They aid in repairing damaged cells, promoting blood flow, nourishing the skin, strengthening bones and muscles, and regulating the protein levels in the human body. Their moderate and regular consumption also helps in maintaining adequate weight, mitigating the risks of chronic diseases, improving physical strength, and decreasing muscle loss caused by aging. They are widely available in isolates, hydrolyzed, and concentrated forms that are used in the preparation of supplement and nutritional powders, infant formulations, animal feed, personal care, and cosmetics. Some of the common sources of protein ingredients are eggs, milk, animal tissues, wheat, vegetables, soy and pea.

The rising health consciousness among the masses majorly drives the GCC market. This can be supported by the increasing prevalence of numerous sedentary illnesses among individuals. Coupled with this, the growing preference for leading a healthy lifestyle is accelerating the demand for functional foods that contain large amounts of vital nutrients and proteins, thereby catalyzing the market. Since consumers are inclined toward plant-based products as they are considered healthier than their animal-based counterparts, this is impelling the manufacturers to introduce product variants derived from soy and wheat, thus providing a boost to the demand. Also, the escalating trend of veganism among the masses is acting as a growth-inducing factor. The market is further driven by the widespread adoption of protein ingredients to produce numerous food products, such as cold cuts, spreads, milk sausages, margarine, bakery products and yogurt. Moreover, continual technological advancements in manufacturing processes are creating a positive market outlook. Some other factors driving the market include the easy availability of products across online and offline distribution channels and the advent of home delivery models.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC protein ingredients market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC protein ingredients market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC protein ingredients market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC protein ingredients market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC protein ingredients market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC protein ingredients market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC protein ingredients market industry. Furthermore, the value chain analysis of the GCC protein ingredients market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Protein Ingredients Market Segment Insights:

The GCC protein ingredients market has been analysed as followed:

By Product Type:

• Animal Proteins
• Plant Proteins

By Application:

• Food and Beverages
• Personal Care and Cosmetics
• Pharmaceuticals
• Animal Feed

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Protein Ingredients Market Report:

• Historical and current scenario
• Trends and developments
• Market forecast
• Impact of COVID-19
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC protein ingredients market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.