Protein Ingredients Market

Protein Ingredients Market was valued at USD 64 Billion in 2020 and is expected to register a CAGR of 6.4% during the forecast period.

Introduction of the Protein Ingredients Market Report

Protein is an essential nutrient for the human body. They are the building blocks of body tissue which offers energy at par with carbohydrates. The protein ingredients are considered ideal for nutraceutical application on account of essential amino acids, which have medical benefits. Whey protein and soy protein are becoming popular in the nutraceutical sector. The global protein ingredients market covers two forms such as dry and liquid.

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Market Dynamic

Key Drivers and Emerging Trends

One of the key drivers that is contributing to the growth of the global protein ingredients market share includes the growing demand for proteins as nutritional and functional ingredients. The protein ingredients sourced from animals and plants are usually known for their emulsification, viscosity, foaming, and other aeration properties. All these functionalities and the nutritional aspect of the proteins are creating benefits to the end-users industries and are helping the market to grow. Moreover, the increasing demand for food products including margarine, cold cuts, bakery products, spreads, yogurt, and milk sausage is further surging the growth of the market.

The plant-based ingredients are produced from crops such as canola, wheat, pea, and soy. The soy protein is gaining traction in the plant-based category. Moreover, the Food and Drug Administration (FDA) authorized the health claim for decreasing the LDL cholesterol by dietary guidelines, thus suggesting four servings of soy per day in order to reduce the LDL cholesterol level by 10% in the body.

Restraint in the Protein Ingredients Market

On the other hand, the cultural restriction on the consumption of gelatin is likely to hamper market growth. The gelatin has applications in the food and pharmaceutical sectors. For example, in the Middle East and Muslim communities’ pork and pork-derived products are strictly forbidden.

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Source – Segment Analysis

Based on the source, the animal is expected to grow a t a higher CAGR during the forecast period. This is mainly due to its better nutritional profile as compared to the plant protein, which is increasing its application in end-users industries such as bakery and confectionery, functional beverages, among others.

Form – Segment Analysis

Based on the form, the dry is projected to dominate the market over the forecast period. The dry form of the protein ingredients is mainly preferred by the manufacturers of food & beverages, pharmaceuticals products, and feed, as they offer stability and are easy to handle or store. Moreover, it has a longer shelf life as compared to the liquid form, which is further propelling the market demand.

Application – Segment Analysis

Based on the application, the food & beverage segment is expected to dominate the market over the forecast period. This is mainly attributed to the growing health consciousness and obesity has encouraged individuals to focus on healthy diets with low-fat and high nutritive value food, thus surging the demand for protein ingredients. In addition to this, the nutritional features of the protein ingredients, such as texting, emulsifying, solubility, stabilizing, and binding, are further boosting the market growth.

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Regional – Segment Analysis:

Based on the region, North America is projected to dominate the market during the forecast period. The rising consumption of snacks, energy bars, and cold cereals is a major factor that is contributing to the regional market growth. Furthermore, the introduction of new products, including Enfamil Human Milk Fortifier Liquid High Protein by organizations such as Mead Johnson and Cargill, to meet the growing demand for cholesterol-free and low saturated fat beverages is surging the market growth.

Top Market Players

Some of the leading players operating in the market include Cargill Incorporated, ADM, DuPont, Kerry Group, Omega Protein Corporation, Roquette Frères, ARLA Foods, GELITA AG, Kewpie Corporation, and AGARNA, among others. 

Key Developments:

• • In 2019, Cargill Incorporated announced to invest USD 225 million at a facility in Sydney, Ohio, to better serve area famers and meet the increasing demand for protein and refined oils.
  • In 2017, ADM expanded its ingredient portfolio by introducing Nutriance, a range of wheat protein concentrate which have application in sports and geriatric nutrition.

Segments covered in the Report:

The global Protein Ingredients market has been segmented on the basis of Source, Form, Application, and regions. Based on Source, the market is segmented into Animal Source and Plant Source. Based on Form, the market is segmented into Dry and Liquid. Based on Application, the market is segmented into Food & Beverages, Cosmetics & Personal Care Products, Feed, and Pharmaceuticals. 

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Key questions answered in this research report:

• • At what pace is global Protein Ingredients market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Protein Ingredients market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Protein Ingredients market?
  • Which Source generated maximum revenues in 2019 and identify the most promising Source during the forecast period?
  • What are the various Form areas of global Protein Ingredients market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Protein Ingredients Market by Source

• • Animal Source
  • Plant Source

Global Protein Ingredients Market by Form

• • Dry
  • Liquid

Global Protein Ingredients Market by Application

• • Food & Beverages
  • Cosmetics & Personal Care Products
  • Feed
  • Pharmaceuticals

Global Protein Ingredients Market by Region

• • North America Protein Ingredients Market (Option 1: As a part of the free 25% customization)
    • North America Protein Ingredients Market by Source
    • North America Protein Ingredients Market by Form
    • North America Protein Ingredients Market by Application
    • US Protein Ingredients Market All-Up
    • Canada Protein Ingredients Market All-Up
  • Europe Protein Ingredients Market (Option 2: As a part of the free 25% customization)
    • Europe Protein Ingredients Market by Source
    • Europe Protein Ingredients Market by Form
    • Europe Protein Ingredients Market by Application
    • UK Protein Ingredients Market All-Up
    • Germany Protein Ingredients Market All-Up
    • France Protein Ingredients Market All-Up
    • Spain Protein Ingredients Market All-Up
    • Rest of Europe Protein Ingredients Market All-Up
  • Asia-Pacific Protein Ingredients Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Protein Ingredients Market by Source
    • Asia-Pacific Protein Ingredients Market by Form
    • Asia-Pacific Protein Ingredients Market by Application
    • China Protein Ingredients Market All-Up
    • India Protein Ingredients Market All-Up
    • Japan Protein Ingredients Market All-Up
    • Rest of APAC Protein Ingredients Market All-Up
  • RoW Protein Ingredients Market (Option 4: As a part of the free 25% customization)
    • RoW Protein Ingredients Market by Source
    • RoW Protein Ingredients Market by Form
    • RoW Protein Ingredients Market by Application
    • Brazil Protein Ingredients Market All-Up
    • South Africa Protein Ingredients Market All-Up
    • Saudi Arabia Protein Ingredients Market All-Up
    • UAE Protein Ingredients Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Protein Ingredients Market All-Up

Major Players Operating in the Protein Ingredients (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill Incorporated
  • ADM
  • DuPont
  • Kerry Group
  • Omega Protein Corporation
  • Roquette Frères
  • ARLA Foods
  • GELITA AG
  • Kewpie Corporation
  • AGARNA