Global Protein Ingredients Market is projected to grow at a significant CAGR from 2017 to 2025
With major advancements in the food and beverage industry, growing preference for healthy and nutritious food is what is backing the growth of the global protein ingredients industry. The market is growing apace with the new developments in the food and beverages industry. The market by origin is divided into animal and plant. The animal source can be further segmented into dairy proteins, egg proteins and gelatin. Dairy protein can be further segmented into whey protein, casein and caseinates and milk protein concentrates. The plant protein can be segment into soy protein, vegetable protein and wheat protein. Soy protein can further be segmented into soy protein concentrates, soy protein isolates and textured soy proteins. Vegetable proteins include pea protein, canola protein, rice protein, and potato protein. The animal protein segment accounted for majority share of the global protein ingredients market, by origin. Animal sources are extensively used to source protein ingredients globally due its superior nutritional nature over plant proteins; it is also used in food and beverages, sports nutrition and used for baked goods. The increasing demand for processed foods and energy drinks is also boosting the market. It is also beneficial for individuals with asthma, obesity, cancer patients and those with high cholesterol levels.
The market research report is designed to provide a complete view on the global Protein Ingredients market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Protein Ingredients market has been studied considering a short term forecast of the factors/ variables which have an impact on Protein Ingredients market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitor analysis of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Rising health awareness, increasing demand for healthy & convenience food, and rampant expansion of the food & beverage industry among others are the major factors influencing the growth for protein ingredients market.
Study Technique: Global Protein Ingredients Market
The global Protein Ingredients market has been studied from the year 2016 till 2025. However, the CAGR provided in the market research report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire market research method. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Protein Ingredients market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth market analysis was carried out considering the following aspects: market attractiveness, current & future market trends, demand forecasting, market share analysis, SWOT analysis of the company’s manufacturing Protein Ingredients, competitor analysis and customer analytics.
Global Protein Ingredients Market Segmentation
Based on application the market is divided into food & beverage, animal feed, cosmetics & personal care, and pharmaceuticals. Animal feed is further segmented into aquaculture and pet foods, among others. Food and beverage is also divided into food, beverage, and supplements. The food and beverages segment accounted for majority share of the global protein ingredients market. Increasing health consciousness among consumers is one of the major reasons. Apart from its nutritional properties, proteins are used for texturing, emulsifying, solubility, stabilizing and binding; these properties of proteins enable manufacturers to put them to other uses as well and to reduce raw material costs. Protein ingredients are also highly demanded for bakeries, dietary supplements, instant formula and other food and beverage products. The pharmaceuticals segment has shown the fastest growth in the market over recent years. Proteins have important amino acids which increase the human body immunity, develop and repair tissues. Proteins are an essential part of the pharmaceuticals industry due to their functional properties which are indispensable to the human body.
End-User Landscape (Consumer Profile): Protein Ingredients Market
Companies such as Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, Kerry Group PLC, and Gelita AG, among others are investing extensively in the manufacturing and sale of Protein Ingredients, which presents a huge opportunity to Protein Ingredients suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, Kerry Group PLC, Gelita AG, Cargill, Fonterra Co-Operative Group Ltd, and Omega Protein Corporation, among others account for the major share in Protein Ingredients market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Kewpie Corporation, Arla Foods, and Amco Proteins.
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