Rising Demand for Superior Personal and Healthcare Products to Drive the Protein Ingredients Market Growth

The "Protein Ingredients Market by Source (Animal and Plant), Form (Dry and Liquid), Application (Food & Beverages, Animal Feed, Pharmaceuticals, and Cosmetics & Personal Care), and Region (NA, EU, APAC, SA, RoW) - Global Forecast to 2025", The global protein ingredients market size is estimated to be valued at USD 52.5 billion in 2020 and projected to reach USD 70.7 billion by 2025, at a CAGR of 6.1%. The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as nutrition and functional ingredients.

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The dry segment is estimated to be the largest in 2020

The protein ingredients market, by form, is estimated to be dominated by the dry segment. The process of formulating dry proteins is relatively easier for high volume manufacturing. It is easier to handle and transport dry proteins, as compared to the liquid form. Manufacturers prefer dry protein ingredients due to their greater stability, ease of handling & storage, and convenience of usage in a wide range of products.

The animal segment is projected to dominate the market by 2025

The protein ingredients market, by source, is projected to be dominated by the animal segment during the forecast period. This is attributed to the diverse flavor profile and nutrition-rich attribute as compared to the plant-based protein. Further, their rising demand for applications in sports nutrition, infant nutrition, and geriatric nutrition, influenced by lifestyle and demographic shifts, is a key market driver.

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The pharmaceutical segment is projected to be the fastest-growing segment during the forecast period

The pharmaceutical segment is projected to be the fastest-growing, by application, during the forecast period. This is attributed to the increase in the aging population and their need for improved metabolism and health products as proteins are essential amino acids that help the human body boost its immunity and help build and repair tissues. They are the building blocks for bones, muscles, cartilage, skin, and blood. Thus, protein form an important component in the pharmaceutical and healthcare industries.

The Asia Pacific is projected to be the fastest-growing during the forecast period

Asia Pacific is the fastest-growing region in the global protein ingredients market. The market in the region is driven by an increase in population growth, especially in countries such as China and India. Further, a rise in demand for healthy food products having a high nutritional value such as soy, wheat, and vegetable protein is driving the market in this region.

Leading manufacturers are Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada).

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