Protein Ingredients Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2029

The protein ingredients market is anticipated to register an above-average CAGR during the forecast period. The growth of the protein ingredients market can be attributed to numerous drivers–technological advancements, growth in demand for personal care products, and rise in consumption of animal-based products.

By 2019 end, worldwide sales of protein ingredients, contributed by both animal protein ingredients and plant protein ingredients, will roughly account for the value of US$ 43 Bn. Demand for animal-based protein ingredients continues to be more as compared to that for plant-based protein ingredients, clearly owing to wider availability of products and nutritional profile in case of the former.

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The COVID-19 crisis has both–good as well as bad–influence on the protein ingredients market. The positive side of COVID-19 for the protein ingredients market is coming from the proclivity of consumers towards healthy products. Individuals are highly focused on boosting immunity and reducing weight, which is likely to increase the demand for protein ingredients and Vitamin C. The dark side of the COVID-19 for the market is that there are demand-based fluctuations in prices of these ingredients. Add to that the distorted supply chain and the price of protein ingredients might increase.

"The prevalence of diseases caused due to obesity is increasing at an alarming rate. A sizeable chunk of the population is turning health-conscious and remains focused on the consumption of protein-rich foods on a routine basis. This has been a major booster to the growth of protein ingredients market."

Key Takeaways – Protein Ingredients Market Study

Demand for ready-to-drink (RTD) beverages is increasing among the working consumers. For RTD beverages, key to success of innovation is in the beverage itself. Trends in past five years have made it evident that using vibrant colors and innovative packaging can help sell the beverage. Consumer awareness for health and wellness, demand for clean label and functionality are some of the contributing factors to increasing the demand for RTD beverages.
Manufactures of supplement and nutritional bars are launching unique products with additional nutritional profile and various flavors that attract customers and demand for these products is expected to increase ~8% during the forecast period.
Whey protein concentrate undergoes different processing as compared to isolate and hence, protein ingredient isolates have fewer carbohydrates, fats, lactose and it is highly nutritional. Isolate form of whey is typically more expensive. Taking slightly more amount of concentrates are proven to give similar results as that of isolates at lower cost.
Egg and egg-based products have been versatile and multifunctional in both specialty and regular food. Egg protein works efficiently with gluten-free formulations, are easily digestible and provide nutritional functionalities. Thus, helping the food formulators to develop gluten-free products.
Increasing consumption of food and beverage products including bakery, dairy, meat, poultry products, and breakfast cereals in developing economies and economies in transition is fueling the global protein ingredients market.
Due to increasing urbanization and awareness of mindful living, the consumption of protein ingredients is increasing in the Asia Pacific and Latin America.

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Protein Ingredients Market Structure Analysis

The global protein ingredients market is fragmented with a lot of local and regional players dominating the market.
Expansion of businesses through acquisitions, alliances, mergers, and collaborations, are strategies followed by key market players in the protein ingredients market.
Key market players are focusing on strategies such as adoption of new technologies to develop innovative products, and improving supply chain management and effective raw material sourcing strategy.
Key players in the protein ingredients market are Cargill Plc., Glanbia Plc., Archer Daniels Midland Co., Solae LLC, Kerry Group Plc. etc.

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Table Of Content

1. Global Protein Ingredients Market – Executive Summary

2. Research Methodology

3. Assumptions & Acronyms Used

4. Market Introduction

4.1. Market Definition

4.2. Market Taxonomy

4.3. Market Size and Forecast

5. Market Dynamics

5.1. Drivers

5.2. Restraints

5.3. Opportunity

5.4. Market Trends

6. Global Protein Ingredients Market Analysis (2014-2029), By Product Type

7. Global Protein Ingredients Market Analysis (2014-2029), By Product Form

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