0
2020
Protein Ingredients Market

Protein Ingredients Market by Source (Animal and Plant), Form (Solid and Liquid), and Application (Food & Beverages, Animal Feed, Cosmetics & Personal Care, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027
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A07178
Pages: 335
Sep 2020 | 4489 Views
Author(s) : Raju Kale , Roshan Deshmukh
Tables: 152
Charts: 77
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The global protein ingredients market size was valued at $53.78 billion in 2019, and is anticipated to reach $91.89 billion by 2027, with a CAGR of 6.4% during the forecast period.  

In 2019, the animal protein segment accounted for more than half of the total protein ingredients market share. Animal and plant-based proteins are potential and multipurpose ingredients used in the preparation of a range of food products. They exhibit many beneficial functionalities and bioactivities in the processing of food products. They work as thickening agents, gelling agents, texture modifiers, carriers, and foaming agents in food preparations. These are also used in multiple applications across industries, including nutrition, personal care, and animal feed.  

Protein-Ingredients--Market-2020-2027

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Increase in health care awareness has led consumers to shift their focus toward nutritional & healthy diets and increase their protein consumption to get extra nutrients from protein supplements prepared using protein ingredients, thereby fuelling the protein ingredients market growth. Whey and egg proteins are widely consumed as animal protein supplement, which is expected to drive the protein ingredients market.

Consumer perception of high nutritional content of infant formula due to health consciousness of their children increases the demand for infant formula made from protein ingredients. Organizations, such as Innovation Center for U.S. Dairy, and dairy ingredient manufacturers invest in R&D activities to enhance properties such as flavor, aroma, and performance of protein ingredients. Therefore, this is anticipated to provide lucrative opportunities for manufacturers to offer improved variety of protein ingredients in the market to achieve higher market share. 

Moreover, the outbreak of the novel coronavirus has positively affected the growth of the protein ingredients market. This increase in growth of the protein ingredients market can be attributed to the awareness of consumers about building strong immunity.

Protein Ingredients Market
By Type

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The Animal segment held the major share of 78.32% in 2019

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According to the protein ingredients market analysis, the market is segmented on the basis of source, form, application, and region. By source, it is categorized into animal and plant. Further, animal protein is segregated into whey protein, casein & caseinates, milk protein, egg protein, and others. Plant protein is classified into soy protein, wheat protein, pea protein, and others. By form, it is bifurcated into solid and liquid. By application, it is divided into food & beverages, animal feed, cosmetics & personal care, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, Indonesia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, the UAE, Nigeria, Turkey, South Africa, and rest of LAMEA).

On the basis of source, the animal protein segment accounted for the maximum share in the global protein ingredients market in 2019, and is expected to remain dominant during the forecast period. This can be attributed to increase in awareness of health and fitness. Moreover, meat protein is predominantly used in various applications, such as pet food and cosmetics, whereas egg and milk proteins are extensively used in bakery and confectionary products. 

Protein Ingredients Market
By Form

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The Solid segment witness a CAGR of 6.1% from 2021-2027

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On the basis of form, the solid protein ingredients segment accounted for the maximum share in the global protein ingredients market in 2019. The solid form is most preferred in a wide range of applications, such as nutrition, food & beverages, feed, and personal care, owing to longer shelf life and better handling properties. Moreover, solid form of protein ingredients consumption remains higher compared to liquid form. This factor has impacted the application of animal-based protein powder, especially in food & beverages.

On the basis of application, the food & beverages segment held the significant market share in 2019. This is attributed to surge in number of health-conscious consumers. Furthermore, proteins used in food & beverages are easily accessible and highly nutritious as they meet the needs of busy consumers who seek for appealing options, but are unwilling to compromise on health, thereby driving the growth of global protein ingredients market. 

Protein Ingredients Market
By Appplication

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The Food & Beverages segment helds the higest market share of 45.01% in 2019

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On the basis of region, North America dominated the market in 2019, and accounted for the maximum share. The North America protein ingredients market is mature and homogenous with high penetration. It is dominated by leading key players such as Kerry Group, Cargill, ADM, and DuPont. Furthermore, the North America fitness industry is expected to grow at a faster rate during the protein ingredients market forecast period. This is attributed to rise in number of consumers in the U.S. who adopt a healthy lifestyle or indulge in activities that promote an active and healthy lifestyle. Presently, about 20% of adults in the U.S. have fitness club memberships and the number is expected to increase in future. In addition, increase in demand for protein-rich food, owing to rise in number of health-conscious customers is anticipated to propel the market growth. 

Players in the protein ingredients market have adopted business expansion and product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include Cargill, ADM, DuPont, Kerry Group, Omega Protein Corporation, Friesland, Mead Johnson Nutrition Company, Fonterra Co-operative Group, Kewpie Corporation, and Bunge Limited.  

Protein Ingredients Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

The North America region helds the higest market share of 35.03% in 2019

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Key benefits for stakeholders  

  • The report provides quantitative analysis of the current protein ingredients market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing protein ingredients market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size & segmentation assist to determine the market potential.
  • The major countries in each region are mapped according to their revenue contribution to the market.    
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the protein ingredients industry.  

Key Market Segments

  • By Source
    • Animal
      • Whey Protein Ingredients
      • Casein and Caseinates
      • Milk Protein
      • Egg Protein
      • Others
    • Plant
      • Soy Protein
      • Wheat Protein
      • Pea Protein
      • Others
  • By Form
    • Solid
    • Liquid
  • By Application
    • Food & Beverages
    • Animal Feed
    • Cosmetics & Personal Care
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Indonesia
      • New Zealand
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Argentina
      • United Arab Emirates
      • Nigeria
      • Turkey
      • South Africa
      • Rest of LAMEA


Key Market Players

  • Archer-Daniels-Midland Company
  • Bunge Limited
  • Cargill
  • DuPont
  • Fonterra Co-operative Group
  • Friesland
  • Kewpie Corporation
  • Mead Johnson Nutrition Company
  • Kerry Group
  • Omega Protein Corporation
 

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Rise in demand for innovative functions and applications of protein ingredient products is one of the major factors that boost their consumption. Huge demand for protein ingredient products in nutritional supplements has been witnessed in the past, which is anticipated to continue during the forecast period. Inclination of the food & beverages industry toward functional ingredients, with high nutritional content, propels the market growth. The demand for animal & plant ingredients in innovative food and other applications has led manufacturers to invest more in R&D. Therefore, this has led to manufacture protein with better functionalities for preparation or processing of innovative products in the market. 

North America leads in animal protein consumption as the region experiences higher consumption of nutrition-based food products compared to other regions. Asia-Pacific offers lucrative opportunities for plant protein; therefore, the market in the region is anticipated to grow at the highest CAGR during the forecast period. 

 

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FREQUENTLY ASKED QUESTIONS?

A. The global protein ingredients market size was valued at $53.78 billion in 2019, and is anticipated to reach $91.89 billion by 2027, growing at a CAGR of 6.4% from 2021 to 2027.

A. The forecast period in the protein ingredients market report is from 2021 to 2027.

A. 2019 is the base year calculated in the protein ingredients market report.

A. The top companies hold the market share in the protein ingredients market are Cargill, ADM, DuPont, Kerry Group, Omega Protein Corporation, Friesland, Mead Johnson Nutrition Company, Fonterra Co-operative Group, Kewpie Corporation, and Bunge Limited.

A. Animal is the most influencing segment growing in the protein ingredients market report.

A. North America holds the maximum market share of the protein ingredients market.

A. The top companies are selected based on their product mapping and market share analysis.

A. The market value of the protein ingredients market in 2019 is $53.78 billion.

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