Protein Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Protein ingredients are rich in protein and are used as ingredients in feed products and food and beverage products such as sports nutrition, dietary supplements, dairy products, bakery products, infant formula, ready meals and desserts. Protein ingredients supply essential nutrients to animals and humans and are rich in amino acids. Protein ingredients are effective in minimizing health problems such as nutritional deficiencies, weight management and cardiovascular diseases among others.

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The global market for protein ingredients is segregated on the basis of source and application. Based on source, the global protein ingredients market is segregated into animal proteins and plant proteins. Animal proteins are further sub-divided into dairy proteins, egg proteins and gelatin. Dairy proteins include milk protein concentrate (MPC), whey protein isolate (WPI), whey protein concentrates (WPC80) and WPC35), whey protein hydrolysate (WPH) and casein/caseinates. Plant proteins are further classified into soy protein, wheat protein, pea protein and others. Soy proteins include soy protein isolate (SPI), soy protein concentrate (SPC) and textured soy protein (TSP). Other proteins include rice protein, potato protein and canola protein. Among the sources, animal protein held the majority market share in 2016 and is anticipated to witness a steady growth during the forecast period.

This is attributed to high nutritional content and wide applications in the food and beverage industry, as a substitute for egg and gelatin in confectionery and bakery products. On the basis of application, the global market for protein ingredients is segregated into cosmetic & personal care, food & beverage, pharmaceutical and animal feed. Food & beverage held majority market share in 2016 and is anticipated to witness a steady growth during the forecast period. This is attributed to use of protein ingredients in food and beverages for its high nutritional content. Pharmaceutical products are anticipated to witness the most rapid growth rate during the forecast period.

Major factors driving the global protein ingredients market include rising awareness about the benefits among health conscious consumers. Increasing health issues such as obesity have resulted in the transition in the feeding habits of the consumers, where they are seeking for healthier alternatives. In addition, increasing demand for functional proteins is also fuelling demand for protein ingredients, globally. Growing demand for animal proteins in livestock, cosmetic & personal care and healthcare is another major driver driving the global protein ingredients market. Technological advancements in the protein ingredient industry is another major factor driving the global market for protein ingredients.

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However, stringent government rules and regulations act as major hindrance to the global protein ingredients market.

Geographically, the global market for protein ingredients is segregated into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific held the largest market in 2016 and is also anticipated to witness the fastest growth rate among all the regions, during the forecast period. Among the countries in Asia Pacific, India is anticipated to witness the most rapid growth rate from 2017 to 2025. This is attributed to rising awareness among consumers about the nutritional benefits of protein ingredients. North America followed Asia Pacific and is expected to witness a steady growth rate during the forecast period. Middle East and Africa is another lucrative region for the growth of protein ingredients owing to rising health consciousness among the consumers in the region.

Key players of the global protein ingredient market includes Cargill, Inc. (Minnesota, U.S.), E. I. Du Pont De Nemours and Company (Delaware, U.S.), Kerry Group PLC (Tralee, Ireland), Archer Daniels Midland Company (Illinois, U.S.), Omega Protein Corporation (Texas, U.S.), Fonterra Co-Operative Group Ltd (New Zealand), Arla Foods (Viby J, Denmark), Kewpie Corporation (Japan), Gelita AG (Eberbach, Germany), Amco Proteins (New Jersey, U.S.)and Hilmar Ingredients (California, U.S.) among others.

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