Global Protein Ingredient Market Trends, Regulations And Competitive Landscape Outlook to 2025
Protein Ingredient Market: Segmentation
Protein ingredient market is segmented on the basis of source as animal protein and plant protein. Overall demand for plant protein is growing in market as it’s a cost effective solution and dose not causes any intolerance in kids. Animal protein is sub-segmented as dairy protein, egg protein and gelatin. Dairy protein ingredient account for largest market share in forecast period in animal protein market. Dairy proteins are categorized as whey and casein. Among these categories whey protein market is expected to grow during forecast period. Furthermore, plant protein is sub-segmented into soy protein, wheat protein and other (pea). Among these sub-segments soy protein ingredient is contributing highest market share in terms of value and pea protein ingredient share is expected to grow at a moderate rate during forecast period.
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Protein ingredient market is segmented on basis of application such as food and beverage, animal feed, pharmaceutical and other (cosmetics and personal care). Among these segments food and beverage is expected to grow at faster rate during forecast period. Food and beverage is sub-segmented as food, beverages and supplements. The supplement sub-segment is expected to grow at healthy CAGR during forecast period. Animal feed and cosmetics and personal care products are found to be emerging segments.
Protein Ingredient Market: Region-wise Outlook
Protein ingredient market is segmented on the basis of region includes North America, Latin America, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The protein ingredient market is expected to witness healthy CAGR by 2025 due to the rising demand for healthy and convenience food across the globe. North America contributes higher market share and expected to exhibit healthy CAGR during forecast period.
Protein Ingredient Market: Drivers
Increased demands for processed food and healthy food product is driving the protein ingredient market as, protein provides all essential amino acids. Growing application of protein ingredients in nutraceuticals, food and beverage, and health supplement is expected to fuel the market growth in the coming years. With the increasing number of health conscious consumers, growing number of fitness centers and health clubs, and rising demand for health supplements, energy drinks and processed foods is expected to fuel protein ingredients market. Consumers are looking for a great product with palatable taste, with high national value, so manufacture are investing on research and development of new products. For instance in 2013 PepsiCo has launched new protein rich product especially for women.
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Protein Ingredient Market: Key Players
The key international players operating in Protein Ingredient Market includes Archer Daniels Midland Company, CHS Inc., Cargill, Incorporated, Arla Foods Ingredients Group P/S., Axiom Foods Inc., Kerry Group plc., Amco Proteins, and E. I. du Pont de Nemours and Company
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