Global Protein Ingredients Market was USD 26.93 billion in 2017 and is projected to reach USD 47.13 billion by 2025 due to busy lifestyle, technological advancements to produce variety of types and growing demand from different industries including food and beverages, Personal care & cosmetics, and infant formulations.
Dallas, United States – January 10, 2019 —
Adroit Market Research launched a study titled, “Global Protein Ingredients Market Size 2017 by Ingredient Type (Plant Proteins [Wheat, Soy Protein Isolates, Soy Protein Concentrates, Textured Soy protein, Canola and Pea], Animal & Dairy Protein [Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Gelatin and Casein]), by Application (Foods & Beverages, Infant Formulations, Personal Care & Cosmetics and Animal Feed) by Region and Forecast 2018 to 2025”. The study covers the global protein ingredients market value and volume for a period ranging in between 2015 to 2025, where 2015 to 2017 imply the historical value with forecast between 2018 and 2025. The global protein ingredients market report also includes qualitative insights of the market such as value chain analysis, porters five forces analysis, drivers and restraints.
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Regional analysis shows that North America dominated the global protein ingredients market in 2017 by occupying 37.4% share and is expected to remain in lead during the forecast period. However, Asia Pacific is anticipated to grow at a fastest CAGR in the coming years. China and India are the major markets with larger population and high consumption. Moreover, the consumption of protein ingredients such as egg protein, whey protein, wheat, and soy protein is increasing as people are becoming more health conscious and focusing on health and nutrition products.
Plant and animal protein ingredients have many advantages and provide trace amounts of necessary vitamins and minerals. As a result, the demand for protein ingredients is expected to increase in the coming years. However, these ingredients also have some drawbacks due to which the market is expected to impact in the coming years. Animal & Diary based protein ingredients don’t have enough fiber that meets daily requirements. Plant based protein ingredients don’t have the essential amino acids that is required by the human body. Moreover, if you get protein only based on plants then your body will be lack of vitamin B12 which leads to neurological problems, severe anemia, paralysis and even death.
The global protein ingredients market is highly fragmented as of 2017. The established players are holding major share in different types of ingredients. For instance, Archer Daniels Midland Company is popular for plant based protein ingredients and Arla Food Ingredients major focus is on diary based protein ingredients. Moreover, the companies are expanding their presence in different regions by investing in new plants. In June 2016, Arla Food Ingredients stated a new plant with the investment of USD 52 million in Denmark.
The top players in the global protein ingredients market are Archer Daniels Midland Company, Cargill, Incorporated, Bunge Limited, DuPont, Agropur Cooperative, Omega Protein Corporation, Glanbia plc, CHS Inc., FrieslandCampina DMV and Arla Food Ingredients.
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Key segments of the global protein ingredients market
Ingredients Overview, 2015-2025 (USD million) (Kilo tons)
Soy Protein Concentrates
Soy Protein Isolates
Textured Soy protein
Animal & Dairy Protein
Milk Protein Concentrates/Isolates
Whey Protein Concentrates
Whey Protein Hydrolysates
Whey Protein Isolates
Application Overview, 2015-2025 (USD million) (Kilo tons)
Foods & Beverages
Personal Care & Cosmetics
Regional Overview, 2015-2025 (USD million) (Kilo tons)
Rest of the World
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This news is published on Reuters.