Global Protein Ingredients Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Protein Ingredients Market


The global Protein Ingredients market size is projected to reach US$ 52.47 billion by 2026, from US$ 34 billion in 2020, at a CAGR of 7.5% during 2021-2026. Growing demand from food products such as yogurt, milk sausages, bakery products, spicy sauces, spreads, cold cuts, and margarines is expected to drive the growth.

Demand from food and beverages application is expected to witness high growth due to rising demand for baked products, low fat foods, and dairy products. Increasing demand for baked and dairy products is likely to increase use of these ingredients as food additives to impart functional and nutritional value to food. Growing food and beverage sector in BRICS and Saudi Arabia due to rising domestic demand is anticipated to further fuel the market.

Animal proteins are usually derived from meat, milk, egg, fish, and gelatin. On the other hand, plant based ingredients are obtained from rice, pea, soy, canola, and wheat. Milk and soy have substantial amount; hence they are preferred by all age groups. Owing to the advancement in extraction techniques, different types obtained from milk and soy are named as isolates, concentrates, and hydrolysates, among which isolates have about 90% of it.
Scientists have conducted numerous researches proving the importance of these ingredients in maintaining healthy body. Whey proteins are beneficial for cancer patients. Rising consumer awareness, especially for dietary supplements and functional foods, has been a significant factor for market development in recent years. For instance, in November 2018, DuPont Nutrition & Health published research conducted on plant-based protein and portrayed significant opportunities for the product.

The volatile price of these products is expected to have a serious impact on the market development. Owing to the imbalance in the supply-demand of grains, the prices of soybean has witnessed continuous fluctuations. This might result in an increased production cost, thus creating a negative impact on the market.

Market Segmentation, Outlook & Viewpoint: Global Protein Ingredients Market

Product Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  
Plant Proteins
  
Animal Proteins

Plant proteins Ingredients Product Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  
Wheat
  
Soy Protein Concentrates
  
Soy Protein Isolates
  
Textured Soy Protein
  
Pea
  
Canola
  
Others

Animal proteins Ingredients Product Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  
Egg Protein
  
Milk Protein Concentrates/Isolates
  
Whey Protein Concentrates
  
Whey Protein Hydrolysates
  
Whey Protein Isolates
  
Gelatin
  
Casein/Caseinates

Application Market Segmentation & Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  
Foods & Beverages
  
Infant Formulations
  
Personal Care & Cosmetics
  
Animal Feed

Key Players, Recent Developments & Regional Insights: Global Protein Ingredients Market

Soy protein concentrates was the highest consumed form of plant based ingredients accounting for over 34% of the global demand in 2018. The key reason for the high market share of this segment is the fact that being edible, soy has a negligible amount of cholesterol and saturated fats.

Soy protein isolates was the second largest segment accounting for over 30% of the global demand in 2018. These products are the refined form of soy protein comprising 90% protein content. It is utilized in meat products for improvising the quality and texture. Also, these are rarely found in stores and majorly used in food industry.

Regional Insights

North America was the largest regional market accounting for over 34% of global demand in 2018, attributed to growing consumer awareness regarding health coupled with growth in cosmetics and food and beverage application. Protein ingredients market in U.S. is expected to grow on account of increasing consumption of snacks, cold cereals, and energy bars. The launch of new food products containing low saturated fat and cholesterol free beverages is expected to augment the demand over the forecast period.

Asia Pacific is anticipated to register the fastest CAGR of over 6.8% in terms of volume from 2019 to 2025 due to growing exports and domestic demand. Growth of healthcare and cosmetics industries in Japan, China, India, and South Korea are expected to drive the regional expansion over the forecast period.

Protein Ingredients Market Share insights

The global market is consolidated and is characterized by mergers, acquisitions, and joint ventures. Key players include DuPont, Bunge, Cargill, ADM and Mead Johnson. In July 2018, Archer Daniels Midland (ADM) acquired Neovia which has 72 production facilities of animal nutrition solutions across 25 countries. The market is led by integrated participants such as ADM and Cargill. Major manufacturers are focusing on strengthening their presence in Asia Pacific owing to low manufacturing cost and availability of raw material.

Key Insights Covered: Global Protein Ingredients Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Protein Ingredients industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Protein Ingredients industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Protein Ingredients industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Protein Ingredients industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Protein Ingredients industry.

Research Methodology: Global Protein Ingredients Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other