Global Protein Ingredients Market 2017-2022 Analysis & Forecast Report

Market Insights
Proteins are the building blocks of the human body and also hold huge importance as a fuel source. As proteins are part of all processes happening within cells, they are promoted as health and wellness ingredients, helping consumers maintain better lifestyles, across all stages of life. Rich protein diets, coupled with low-carbohydrates, are gaining momentum as they help to effectively fight obesity and diabetes.
The global protein ingredients market was valued at USD 21.89 billion in 2015 due to a huge demand for plant protein and is estimated to grow at a CAGR of 7.4%, with a market value of USD 40.19 billion by 2021.

Market Dynamics
The global protein ingredients market is growing rapidly. A major reason propelling the market is the health and wellness concept. Protein ingredients have vast applications in health and wellness industry, which include post-workout replenishment, pre-workout fuel and muscle protection. A hike in the adoption of protein supplements, with advantages like high-calorie intake and increasing number of health clubs, are in-turn giving rise to the demand for health supplements. The increasing demand for processed foods and energy drinks is also boosting the market.
Consumers look for a great product with pleasing taste and high nutritional value, which leads to manufactures investing in research and development of new products. Product development, due to innovations in technology, has also helped the market to grow in the plant and animal/dairy ingredients application base.

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Market Segmentation
Source types like plant and animal/dairy ingredients, which are further categorized, segment the market. The animal source can be segmented into dairy protein, egg protein, and gelatin. Milk protein concentrate (MPC), whey protein concentrates (WPC 80 & 35), whey protein hydrolysates (WPH), whey protein isolates (WPI), and casein & caseinates categorize the dairy protein segment. The plant source is further segmented into soy protein, wheat protein, and vegetable protein. Soy protein is sub-segmented into soy protein isolates (SPI), soy protein concentrates (SPC) and textured soy protein (TSP). Vegetable proteins include pea protein, canola protein, rice protein, and potato protein. The global dry pea production was over 11.5 tons in 2015. Canada was the major contributor with a market share of 33% of the global volume, followed by China and Russia, which accounted for 13.3% and 11.4%, respectively, in the same year.

Wheat production is mainly in China, India, Russia, France, and the U.S., with a major share of approximately 48% of the global output. Canada is the prime producer of canola, with 22% of the global output. The EU & FDA have approved its use in consumer products, supported by complete acceptance in Japan, Australia, and Canada, which fuel the market growth. Plant proteins have an upper hand over animal proteins, due to the price difference and quality fluctuations. Consumers are also particular about gluten-free protein products, which helps the plant protein market growth.

By application, this market includes animal feed, food & beverage, infant formulations, cosmetics & personal care, and pharmaceuticals. Animal feed is further segmented into aquaculture and pet foods, among others. Food & beverage is sub-categorized into food, beverage, and supplements. The supplements segment is forecasted to grow at a healthy CAGR. Animal protein and cosmetics & personal care products are emerging segments. Egg protein accounted for 38% of the total market volume, as it is extensively used in food & beverage products like sports food, meat, ice creams, and bakery. Egg protein helps in overcoming nutritional deficiencies, which is also expected to boost the market growth during the forecast period.

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Regional Analysis
By geography, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Africa. The overall market is witnessing a CAGR of 7.5% during the forecasted period of 2016-2021, due to the increasing demand for healthy and convenience food, globally. North America contributes the highest market share owing to the high growth of health and wellness industry. The increasing demand for products such as energy bars, cold cereals, and snacks is contributing to the growth of the North American market, which is expected to grow at a CAGR of 5.6% during the forecast period. High consumption of protein-based energy products increases human productivity, and this product value has made Europe the second largest consumer. The U.K., Germany, France, Belgium, and Italy are the major countries contributing to the European protein ingredients market. The increasing dairy production in Poland is also catering to the overall growth of the European market.
Asia-Pacific is expected to be a potential market, owing to the rising awareness about health and the increasing disposable incomes in the region. The food & beverage industry is expanding in China, Malaysia, India, and Indonesia, due to an increase in the consumer purchasing power. Asia-Pacific is expected to gain a market share of 22%, by 2021, which is also aided by the growing animal feed industry in countries such as China and India.

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Some of the major players capturing the global protein ingredients market include:
Cargill Inc.
Archer Daniels Midland Company
CHS Inc.
Arla Foods Ingredients Group P/S
Axiom Foods Inc.
Kerry Group Plc
Amco Proteins
E.I.DuPont De Nemours and Company
Recent Industry Insights
“Canada invests in advanced dairy & protein technology.

Major Points from Table of Content:
1. INTRODUCTION
2. RESEARCH APPROACH AND METHODOLOGY
3. KEY FINDINGS OF THE STUDY
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
6. COMPETITIVE LANDSCAPE
7. COMPANY PROFILES
8. APPENDIX

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