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Proteins are essential nutrients for the human body and are considered the building blocks of body tissue and serve as a source of fuel. Protein provides energy and nutrients needed by the human body for growth and maintenance. Protein is made up of amino acids that are attached to one another in long chains. There are 20 different kinds of amino acids, and the sequence in which the different amino acids are arranged helps determine the role of that particular protein. Along with fat and carbohydrates, protein is a macronutrient that the body needs at a relatively large amounts.
The protein ingredients market has shown sustainable growth owing to increasing awareness about the importance of protein in the diet and rising demand from functional food processing industry globally. Moreover, new technological development coupled with new product launches by the key player’s bolters the demand for protein ingredients. Rapid growth in the food & beverage industry, primarily in Asia Pacific countries including India, China, Malaysia and Indonesia, is anticipated to further boost the demand for proteins ingredients over the projected period. Protein ingredients have vast applications in health and wellness industry, which include post-workout replenishment, pre-workout fuel and muscle protection. However, fluctuation in the availability of some raw materials and slow down of low carbohydrate and high protein diets in developed countries is anticipated to hamper the growth of the market.
The report analyses the protein ingredients market on the basis of source, application and geography.
Based on source, the market is segmented into plant source and animal source. Plant source proteins include soy protein, corn protein, wheat protein and pea protein. The soy protein is further bifurcated into soy protein concentrates, textured soy protein and soy protein isolates. Animal sources of protein is further bifurcated into egg protein, gelatin and dairy protein. Dairy proteins are further divided into whey protein, casein & caseinates and milk protein concentrate. Animal protein sources are more popular as compared to plant sources as they are complete proteins and contain all essential amino acids. Plant protein sources lack one or more essential amino acids. They are largely preferred by consumers because of their nutritional profile, which is better than plant protein. It is majorly used in end-use applications such as functional beverages and the difficulty of substituting egg and gelatin in bakery and confectionery applications. Gelatin or gelatine is a translucent, colourless, brittle, flavourless food ingredient that is derived from collagen obtained from various animal body parts. Whey protein comes from milk and serves as a source of complete protein, which means it provides all the essential amino acids. Whey digests very quickly, unlike the other component of milk, known as casein protein.
Based on application, this protein ingredients market is classified into food & beverages, cosmetics & personal care, animal feed, pharmaceuticals and infant formulation. Proteins are widely used for their functional properties, which include texturing, emulsifying, and solubility, stabilizing, and binding. These functional properties enable manufacturers to lower their raw material costs, Moreover, protein ingredients are witnessing a high level of consumption and demand from segments such as bakery, dairy, dietary supplements, infant formula, beverages, and other food products. Just as proteins are the building blocks of nature, they are also basic ingredients important to many cosmetic formulations. Many skin care and hair care formulations are built around the utilization of proteins. Proteins within cosmetic formulations are valued for their strong moisturizing and film forming properties. The considerable and increasing demand for animal protein is focusing attention on the sources of feed protein and their suitability, quality and safety for future supply.
Geographically, the global protein ingredients market is categorized into North America, Europe, Asia Pacific and Rest of the World. Rest of the world comprises of Latin America and Middle East & Africa. In 2018, North America held the largest market share of the global protein ingredients market, due to rapid changes in consumer lifestyle which affects the food and consumption habits and increasing awareness for nutritional benefits of protein ingredients. Furthermore, Asia Pacific is anticipated to grow at a faster pace in during the projected period, due to increasing demand for protein ingredients in developing and developed countries such as India and China. The growing health consciousness has resulted in consumers shifting their focus to healthy diets. The improvement in the economic conditions of consumers has also benefited the Asia-Pacific food & beverage and cosmetic & personal care industry drive consumer interest in protein ingredient products.
Key players of the global protein ingredients market are Cargill, Incorporated, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Inc, Omega Protein Corporation, Fonterra Co-operative Group, Arla Foods amba, Kewpie Corporation, AMCO Proteins, Gelita AG, Hilmar Ingredients, Mead Johnson & Company, LLC, The Scoular Company, Roquette Frères, Burcon, MGP, Rousselot, Tessenderlo Group, Kewpie Corporation and NZMP. Manufactures are focusing on various research & development, mergers and investments to launch new products in the growing markets which create growth opportunities for the global protein ingredients market players. Moreover, the protein ingredients market is highly fragmented with large number of companies prevailing in the industry. Arla Foods Ingredients, a subsidiary of Danish-Swedish dairy co-operative Arla Foods, built a new whey protein hydrolysates manufacturing plant near its existing whey protein facility in Videbæk, Denmark.
Proteins are large, complex molecules that play many critical roles in the body. They do most of the work in cells and are required for the structure, function, and regulation of the body’s tissues and organs. Proteins are made up of hundreds or thousands of smaller units called amino acids, which are attached to one another in long chains. There are 20 different types of amino acids that can be combined to make a protein. The sequence of amino acids determines each protein’s unique 3-dimensional structure and its specific function.
The report analyses the protein ingredients market on the basis of source, application and geography. Based on source, the market is segmented into plant source and animal source. Plant source proteins include soy protein, corn protein, wheat protein and pea protein. The soy protein is further bifurcated into soy protein concentrates, textured soy protein and soy protein isolates. Animal sources of protein is further bifurcated into egg protein, gelatin and dairy protein. Dairy proteins are further divided into whey protein, casein & caseinates and milk protein concentrate. Based on application, this protein ingredients market is classified into food & beverages, cosmetics & personal care, animal feed, pharmaceuticals and infant formulation.
Geographically, the global protein ingredients market is categorized into North America, Europe, Asia Pacific and Rest of the World. Rest of the world comprises of Latin America and Middle East & Africa. In 2018, North America held the largest market share of the global protein ingredients market, due to rapid changes in consumer lifestyle which affects the food and consumption habits and increasing awareness for nutritional benefits of protein ingredients.
Key players of the global protein ingredients market are Cargill, Incorporated, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Kerry Inc, Omega Protein Corporation, Fonterra Co-operative Group, Arla Foods amba, Kewpie Corporation, AMCO Proteins, Gelita AG, Hilmar Ingredients, Mead Johnson & Company, LLC, The Scoular Company, Roquette Frères, Burcon, MGP, Rousselot, Tessenderlo Group, Kewpie Corporation and NZMP.
Why to buy this report:
The report offers changing market dynamics in the protein ingredients industry, presenting historical, current and projected market size in terms of value (USD Million) and volume (KT)
The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of protein ingredients, such as pea protein market, soy protein market, etc.
It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the protein ingredients market performance
The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of protein ingredients market
