A research study titled, “Protein Ingredients Market by Source and
Application – Global Industry Analysis and Forecast to 2025” published by
Crystal Market Research, states that the protein ingredients market is
projected to be around $59 billion by 2025.
Proteins are
one of the most vital types of molecules in the human body. They are complex
combinations of chemical compounds called amino acids. Some of the amino acids
are produced in the human body whereas some have to be obtained from our diet.
Proteins are utilized for various purposes in the human body. Many of the
hormones in human body such as progesterone and insulin are proteins.
Hemoglobin, a blood protein carries out oxygen transport to the cells. Muscle
proteins such as myoglobin are responsible for our ability to move. Proteins
such as RNA and DNA present in the nuclei of the cells are responsible for the
genetic code.
Animal
proteins segment occupied a significant share of the global market in 2016, due
to the rising consumption of dairy products and eggs worldwide and superior
nutritional profile as compared to plant protein. Egg protein segment in animal
proteins market will show the fastest growth during the forecast period with
major use in baked items, sports food, and ice cream. Canola proteins market
will experience a favorable growth during the forecast period with Canada,
France, Germany, and India being the major canola producing countries.
Food and beverage segment accounted for the largest share
of the protein ingredients market.This is attributed to factors such as
increase in demand for functional foods and rising health consciousness among
consumers leading to preference for nutritious diets. The personal care and
cosmetics market will witness highest growth over the forecast period due to
the large scale applications of proteins in sunscreens, shampoos, and different
types of skin creams.
U.S. held the
major share of the North American protein ingredients market in 2016, due to rising
preference of consumers towards healthy product consumption along with
government approvals for use in infant formulas and cosmetics. China will
witness favorable growth for protein ingredients market during the forecast
period owing to a rise in consumer spending on healthcare and increase in
purchasing power.
The key
strategy followed by the companies operating in protein ingredients market is
mergers and acquisitions. For instance, in September 2014, Omega Protein
Corporation acquired Bioriginal Food & Science Corp. to expand its
portfolio in terms of specialty oils, essential fatty acids, and
nutraceuticals. In June 2016, Cargill acquired Five Star Custom foods Inc. of
Fort Worth to enhance its cooked protein capabilities. Some of the major companies
in protein ingredients market are Omega Protein Corporation, Archer Daniels
Midland Company (ADM), E. I. duPont de Nemours and Company, Cargill, Kerry
Group PLC. Other companies are Fonterra Co-operative Group Ltd., Arla Foods,
Kewpie Corporation, AMCO Proteins, GELITA AG, and Hilmar Ingredients.
Get complete access of the Report @ http://www.crystalmarketresearch.com/report/protein-ingredients-market
Competitive Analysis
The major
players in the market are Cargill, Archer Daniels Midland Company (ADM), E. I.
du Pont de Nemours and Company, Kerry Group plc, and Omega Protein Corporation.
Other players studied include Fonterra Co-operative Group Ltd., Arla Foods,
Kewpie Corporation, AMCO Proteins, GELITA AG, and Hilmar Ingredients. Major strategies adopted by them to sustain the
market competition are increasing
R&D spending with the aim of introducing new products in the market and
strengthening their presence in Asia-Pacific.
Market Opportunities
Launch of
new products containing low fat content and cholesterol free beverages will be
key factors for growth of global market. These functional foods play beneficial
roles in certain disease especially gastrointestinal diseases by exerting
positive impact on gut flora besides improving overall health of individual
which will increase demand for such products. Increase in demand for protein
based drinks in countries such as U.S. and Europe will enable manufacturers to
expand beyond traditional soy based drinks.
Protein Ingredients Market
Segmentation
By Source:
- Plant Proteins
- Pea
- Textured Soy Protein
- Wheat
- Soy Protein Concentrates
- Soy Protein Isolates
- Canola
- Others
- Animal Proteins
- Whey Protein Concentrates
- Whey Protein Hydrolysates
- Whey Protein Isolates
- Egg Proteins
- Milk Protein Concentrates/Isolates
- Gelatin
- Casein/Caseinates
By Application:
- Cosmetics & Personal Care
- Infant Formulations
- Food & Beverages
- Animal Feeds
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business intelligence,
and consulting services to help clients make more informed decisions. It
provides both syndicated as well as customized research studies for its
customers spread across the globe. The company offers market intelligence
reports across a broad range of industries including healthcare, chemicals
& materials, technology, automotive, and energy.
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