Felton, 6 December
2019 - Protein Ingredients Market size is
expected to reach USD 48.77 billion by 2025. Protein is a macronutrient which
is essential to building blocks of the human body. It is generally found in
animal product and present in the other sources such as legumes and nuts.
Seafood, meat, poultry, beans, grains and dairy products are the good sources
of protein. The increasing awareness amongst the consumers, especially for
dietary supplements and functional foods is a main factor drive the growth of
market in the coming years. The market is expected to register a CAGR of 7.4%
in the upcoming period as the scope, product types, and its applications are
increasing across the globe.
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There are two types of protein-based products are available
such as animal proteins and plant proteins. The animal proteins consist of egg
protein, whey protein concentrates, milk protein concentrates/ isolates, whey
protein hydrolysates, gelatin, whey protein isolates, casein/ caseinates and
others whereas the plant protein including wheat, soy protein concentrates, textured
soy protein, soy protein isolates, pea, canola and others. The “soy protein
concentrates” are the high consumed form of plant proteins ingredients and is
projected to grow at the higher CAGR in the upcoming period due to it easily
digestible and having greater fat retention capacity and higher nutritional
level. Also, the soy concentrates are increasingly used in breakfast cereals,
baked products, meat products and poultry products.
Protein ingredients could be explored by application such as
infant formulations, foods & beverages, personal care & cosmetics,
animal feed, protein & nutritional bars, supplements & nutritional
powders, pharmaceuticals, breakfast cereals, bakery & confectionery, dairy
products, meat & meat products and others. The “food & beverage”
industry is expected to hold the large market share in the years to come owing
to the growing population, changing lifestyle of consumers and rising number of
cafes & restaurants especially in the emerging countries of India and
China.
The factors that play an important role in the growth of
this market include increasing demand, growing population, increasing
urbanization & industrialization, growing consumer inclination towards
healthy food, rising concerns about animal nutrition & health, increasing
demand for superior personal & health care products, increasing health
consciousness among consumers and increasing demand for processed foods &
energy drinks. Moreover, rapidly growing food & beverages industry in Asia
Pacific countries including India, Malaysia, China & Indonesia and growing
domestic demand for foods & beverages in emerging countries of BRICS are
expected to boost the market growth in the upcoming period. In addition, the
growing demand for soy proteins for food applications such as snacks, dairy
products and sports nutrition will positively contribute to the growth of the
protein ingredients market in the next couple of years.
North America is expected to hold the large market share in
the upcoming period due to increasing consumption of energy bars, snacks &
cold cereals, growing demand for high nutritional products, increasing
disposable income, new product development, increasing the number of health
conscious population and growing food & beverage industry. Asia Pacific is
projected to grow at the higher CAGR in the years to come owing to growing
exports and domestic demand. The growth of cosmetics & healthcare
industries in India, Japan, South Korea and China, coupled with the low
manufacturing cost of protein-based products as compared to the U.S. and
European countries, is expected to boost the protein ingredients market growth
in the upcoming period.
The key players contributing to the robust development of
the protein ingredients industry include DuPont, Archer Daniels Midland Company
(ADM) Inc., Cargill Inc., Kewpie Corporation, Kerry Group plc, E. I. du Pont de
Nemours and Company, Arla Foods, Bunge Limited, AMCO Proteins, Omega Protein
Corporation, GELITA AG, Fonterra Co-operative Group Ltd., Hilmar Ingredients
and CHS Inc. The major market players are focusing on inorganic growth to
sustain themselves amidst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
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Market Segment:
Protein Ingredients
Type Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)
• Plant proteins
• Animal proteins
Plant Protein
Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 -
2025)
• Wheat
• Soy protein
concentrates
• Soy protein
isolates
• Others
Animal Protein
Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 -
2025)
• Egg protein
• Milk protein
concentrates/isolates
• Whey protein
concentrates
• Whey protein
hydrolysates
• Whey protein
isolates
• Gelatin
•
Casein/Caseinates
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