Protein Ingredients Market to exceed USD 40 Bn by 2024 | Cargill : Bunge : Fonterra : Mead Johnson Nutrition : Archer Daniels Midland Company : DuPont : CHS Inc. : Roquette
U.S. protein ingredients market size from food & beverage application expects gains at over 5.5% during the foreseeable future. Rising consumer awareness towards dietary supplements importance accompanied with strong application scope in food & beverage industry should drive regional product demand. This region is expected to grow owing to new product launch and strong innovation trends.
Plant sources include rice, pea, canola, wheat, and soy. Whereas, dairy or animal sources are extracted from fish, gelatin, milk, egg, and meat. Advancement in technology has provided hydrolysates, concentrates, and isolates extraction in animal and plant application base.
Soy protein isolates should witness strong gains and surpass USD 2.8 billion by 2024.Tight soybean supply due to demand from alternative applications and channels can affect protein ingredient market price trend.
Cardiovascular health, muscle binding, obesity, and diabetes are key binding benefits offered by these products. Increasing spending on research by companies to enhance product portfolio should create growth avenues for various industry players.
Europe protein ingredient market size from infant formulations should witness steady gains and surpass USD 2.5 billion at the end of forecast period. Favorable government guidelines will strengthen provision for infant formula and thereby drive regional industry growth.
Asia Pacific, led by Japan and China egg protein ingredient market size, should witness gains at over 7.5%. These products are majorly used in food & beverages applications which include meats, sports foods and baked goods.
Soy concentrates across Asia Pacific protein ingredient market size will witness significant gains. Rising awareness accompanied with growing application scope towards pet foods for pigs and calves to replace milk will drive demand.
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Global animal feed protein ingredients market share is consolidated and competitive along with major players including Cargill, Bunge, Fonterra, Mead Johnson Nutrition, Archer Daniels Midland Company, DuPont, CHS Inc., Roquette, MGP Ingredients, Scoular, Tessenderlo Group, Rousselot, Burcon NutraScience Corporation, Crop Energies Bio Wanze, Kewpie Egg Corporation
Companies present in animal feed proteins are driven by technological and product innovations where the manufacturers are developing novel products which focuses on feed safety and supplying optimum protein quantity in feed to avoid overdose with balancing desired effect.
Pea protein ingredient market size should witness over 10% gains. They are majorly used sports & nutraceutical applications owing to the growing health conscious consumer base owing to the increasing concerns towards week immunity and obesity issues.
Dry pea production, Canada, U.S., China, India, and Russia led the industry, while France, China, India, U.S., and Russia are major wheat producers. Wheat is used as a staple cereal in food industry may face supply dynamics for protein extraction applications.
Browse key industry insights spread across 175 pages with 372 market data tables & 34 figures & charts from the report, “Protein Ingredient Market Size By Product [Animal/Dairy proteins (Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates, Casein/Caseinates, Gelatin), Plant Proteins (Wheat, Soy Protein Isolates, Soy Protein Concentrates, Canola, Pea, Textured Soy Protein)],By Application [Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed (Pet Food, Aquaculture), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
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