What's driving the Food Protein Ingredients market share? DuPont, Archer Daniels Midland Company, Mead Johnson Nutrition, Tessenderlo Group, Roquette, CHS Inc., Rousselot

Shift in consumer focus towards consuming healthy dietary supplements along with strong application outlook in food & beverage industry should drive food protein ingredients market size. These products are sourced from raw materials which can be both plant and animal based. Consumer mostly prefer plant-based ingredients owing to its functional and nutritional benefits driving industry size. Plant based ingredients offer myriad of heath benefits including controlling blood pressure, reducing risk of cancer & heart disease.
Protein has come to be recognized as a healthy constituent in a balanced diet. Alongside, improving socio-economic factors have contributed toward a major transition in the dietary patterns of low and middle-income countries. Animal protein-based food protein ingredients industry in particular, has gained significant momentum in developing countries. In developed nations, the consumption of animal-based food protein ingredient had always been high due to economic affluence. However, due to increasing concerns about animal cruelty and the negative effects of human-induced terrestrial biodiversity loss that large-scale consumption of animal protein can cause, plant-based food protein ingredients industry has been brought to prominence in the advanced economies. Food Protein Ingredients Market worth over $29 bn by 2024
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Company Profiles
1. DuPont
2. Archer Daniels Midland Company
3. Cargill
4. Bunge
5. Mead Johnson Nutrition
6. CHS Inc.
7. Rousselot
8. Tessenderlo Group
9. Roquette
10. MGP Ingredients
11. Burcon NutraScience Corporation
12. Kewpie Corporation
13. The Scouler Company
14. CropEnergies AG
15. Fonterra Co-operative Group
16. DuPont
17. Archer Daniels Midland Company
18. Cargill
19. Bunge
20. Mead Johnson Nutrition
21. CHS Inc.
22. Rousselot
23. Tessenderlo Group
24. Roquette
25. MGP Ingredients
26. Burcon NutraScience Corporation
27. Kewpie Corporation
28. The Scouler Company
29. CropEnergies AG
30. Fonterra Co-operative Group

Animal based food protein ingredients market size should surpass USD 22 billion by 2024. This demand can be attributed to growing demand for meat & meat-based products as a source for protein. Commonly available sources for these are meat, fish, eggs and milk. Milk based food protein ingredients like whey concentrates, isolates, hydrolysates and casein account majority share of animal-based product market. This growth in demand can be ascribed to its high concentration and enhanced production process which reduces risk for allergy.
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Stringent regulatory regimes in Europe and North America set forth by EFSA and FDA pertaining to approvals and labelling these products should bolster industry growth. Government and public health agencies also formulate strict laws & standard operating procedures (SOP) regarding safe production which should strengthen food protein ingredients market growth. Companies & manufacturers also form strategic alliances and collaborations to enhance its product and application portfolio along with launching new product in the market.

Fruits and vegetables have witnessed a renewal of interest in consumption as various health regulatory bodies around the world have emphasized the importance of including these ingredients in daily diet. A study showed that 60% of American consumers between the ages of 15 and 70 are trying to cut back on their dependence on meat-based products while 17% are eating a predominantly plant-based diet. Experts observed that such behavior is not actually about rejecting meat consumption but about increasing the amount of fruit and vegetable consumption as suggested by health authorities.
As protein is viewed as one of the indispensable parts of a diet, consumers are looking to keep their protein intake unaffected by consuming more plant-based proteins. Detecting such a trend, food protein ingredients industry players are leaning towards bringing products to the market that source their protein content from plants but are as tasty as foods sourced from animal protein. Plant-based meat producers like Beyond Meat and Impossible Burger have already been producing palatable plant-based proteins. As per estimates, plant-based food protein ingredients industry share will increase at a rate of 6.5% over 2017-2024.

Rise in disposable income along with rapid urbanization in China, India, Thailand & Japan should favor industry growth. Increasing intake of fortified food & beverages with high protein content owing to busy lifestyle and consumer inclination towards healthy diet should bolster product demand in the region. Soaring animal production has led to rise in food demand driving demand for food protein ingredients high in protein and energy. Commonly available sources for animal-based ingredients are whey, egg, casein, meat & fish which are expected to witness significant gains during forecast period owing to growing demand for meat & meat products.
Growing demand for infant food due to increasing affordability and rising income levels across the globe should propel food protein ingredients demand. Infant nutrition accounts over 30% of global product demand which can be accredited to increasing demand from mothers who have busy work schedule and lack in time to prepare meals.

Global food protein ingredients market share is moderately consolidated with key industry participants including DuPont Solae, Archer Daniel Midlands, Cargill, Roquette and CHS. Companies focus on investing in R&D to enhance product & application portfolio along with adopting strategies like mergers & acquisition, partnerships and collaboration to expand their production capabilities and capacities with regional presence.
Browse key industry insights spread across 465 pages with 656 market data tables & 77 figures & charts from the report, “Food Protein Ingredient Market”, Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/food-protein-ingredient-market

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