Wood Protien Market Size Worth $59.32 Billion By 2032 | CAGR: 9.5%

The global wood protein market size is expected to reach usd 59.32 billion by 2032, according to a new study by Polaris Market Research. The report “Wood Protein Market Share, Size, Trends, Industry Analysis Report, By Type; By Application (Food & Beverages, Nutrition & Health, Supplements, Animal Feed, Aquaculture & Poultry, Pharmaceuticals, Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into the current market dynamics and provides an analysis of future market growth.

Demand for healthy food options is increased which has risen the wood protein demand.  The industry growth for various food applications will significantly increase due to rising health consciousness among people around the world and the growing adoption of a healthy and active lifestyle due to the increased risk of lifestyle diseases. Also, government regulations and programs for the awareness of lifestyle diseases are boosting the demand for wood protein supplements for healthy lifestyles.

As per the Ministry of Health & Family Welfare, according to the National Family Health Survey (NFHS); 2015–16, 15% of men and 11% of women between the ages of 15 and 49 have hypertension. A further finding of the survey was that 60.4% of those examined had previously had their blood pressure taken. GOI has additionally been implementing the National Programme for Prevention & Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke (NPCDCS) as part its National Health Mission.

An initiative to utilize the information found in the AYUSH system of medications for the prevention and control of Non-communicable Diseases is currently being tested in six districts in conjunction with the Department of AYUSH. Therefore, the rising lifestyle diseases prevalence, as well as government programs for awareness of it, has increased the demand for products based on wood protein which is boosting the development of the market over the forecast period.

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Additionally, the organic food demand is predicted to have the strongest growth rate over the projection period due to its health benefits and no side effect on the health of people. As the demand for products with clean labels and information about their provenance continues to increase. This market is expanding as more environmentally and health-conscious customers become more prevalent worldwide. The key players are assisting the market growth by increasing their production capacities for plant-based products.

For instance, in July 2021, to improve their production capacities and meet the fast-growing demand for plant-based proteins worldwide, ADM (US) purchased soja protein (Serbia), one of the leading manufacturers of plant-based protein in Southern Europe.

Wood Protein Market Report Highlights

• Nutrition and health supplement segment is anticipated to grow at a high CAGR over the forecast period because composition of vitamins, veggies, minerals, grains, and fibers all necessary micronutrients.
• Pharmaceuticals segment dominated the global market globally, there has also been a surge in demand for recombinant protein treatments
• Asia Pacific is growing with the fastest CAGR over the forecast period. People's tendency to incorporate more plant-based protein in their diets
• The global players include Arbiom Corporation, Cargill Incorporated, Corbion, Danone Limited,  Glanbic,  Kerry Group, and Wilmar International.

Polaris Market Research has segmented the Wood Protein Market report based on type, application, and region:

Wood Protein Market, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Lignin
• Protein Concentrate
• Other

Wood Protein Market, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Food & Beverages
• Nutrition & Health Supplements
• Animal Feed
• Aquaculture & Poultry
• Pharmaceuticals’
• Others

Wood Protein Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Wood Protein Market Report Scope