Protein Ingredient Market 2024: Global Industry Size, Share, Growth, Trends and Forecast
Date: 2020-03-03   Author: Rahul Sankrityayan  Category: #news

Protein Ingredient Market 2024: Global Industry Size, Share, Growth, Trends and Forecast

Global Protein Ingredient Market size is Valued At USD 22 Billion in 2015 and may exceed USD 40 Billion and expects to surpass 7.1 million tons by 2024; according to a new research report.

The global protein ingredient industry is segmented into products like dairy proteins and plant proteins. Dairy proteins segment is further sub-segmented into whey protein hydrolysates, milk protein concentrates, gelatin, egg protein, whey protein isolates, caseinates, whey protein concentrates and gelatin. Plant proteins segment is sub-segmented into textured soy protein, wheat, pea, soy protein concentrates, soy protein isolates and canola.

Soy concentrates sub-segment dominated plant ingredient segment demand and was worth higher than $2.1 billion for 2015. Easy digestion, high nutrition value and better fat retention ability are the main features stimulating demand for the product. Soy protein use in baked items, poultry, pet foods as milk substitutes for calves and breakfast cereals are key applications driving industry growth.

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Among plant ingredients, canola is predicted to experience high gains and predicted to record CAGR of more than 12.1% by end of forecast timeline. Pea protein segment size can surpass 31-kilo tons by end of forecast timeline with higher than 10.1% expansion. Egg protein ingredient sub-segment led the dairy protein segment and was evaluated at higher than $10.1 billion for 2015.

Whey protein hydrolysate which is the sub-segment of plant protein segment is anticipated to record greater than 6.6% of CAGR by end of forecast timeline. The global protein ingredient market is segmented into applications like animal feed, infant formulation, food & beverages, and cosmetics & personal care.

Further, a favorable impact on cardiovascular health and diabetes prevention coupled with muscle-building has positively stimulated the industry demand. Approvals by the European Union and Food & Drug Administration to utilize protein ingredients in customer products coupled with its wider adoption in countries like Canada, Australia and Japan are projected to promote global protein ingredient industry expansion. In addition to this, rising penetration of the application in cosmetic items and personal care items due to its healthy features are projected to propel global protein ingredient market trends.

The food & beverage segment ked the application segment and was evaluated at higher than $11.6 billion for 2015. Factors like enhanced nutritional production, decrease in mixture timings and rising food fiber contents contributed to the segment growth. It is predicted to expand in the future due to the rise in customer purchasing capacity specifically in nations like Indonesia, India, China and Malaysia that can propel global protein ingredient industry development.

The personal care products segment can experience the highest gains and is predicted to record CAGR of more than 5.1%. Factors like outstanding skin hydrating features coupled with its natural origin source make protein ingredients fit for applying in shampoos, skin creams and sunscreens. All these factors are predicted to boost segment demand.

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U.S. protein ingredient market share led the regional industry demand contributing more than $6.6 billion in revenue terms for 2015. Customer choice for healthy items along with government acceptance to utilize these ingredients in infant formulas, food and cosmetics has fueled the regional industry expansion.

Europe's protein ingredient industry contributed higher than $7.1 billion in terms of revenue for 2015 and is predicted to experience heavy industry expansion.

APAC industry is anticipated to register CAGR of more than 7.1% during the forecast timeline owing to heavy food & beverage sales in nations like India, Malaysia, China, Thailand, and South Korea. A rise in customer expenditure on food supplements, nutrition and healthcare owing to an increase in buying capacity is projected to propel regional industry expansion.

Key industry participants profiled in the report include Cargill, Crop Energies Bio Wanze, Archer Daniels Midland, Fonterra, DuPont Solae, CHS, NutraScience, Roquette, Mead Johnson, Rousselot, Bunge, Scoular, Burcon, MGP Ingredients, Tessenderlo and Kewpie Egg Corporation.

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Partial Table Of Content :

Chapter 5    Protein Ingredients Market, By Application

5.1     Protein ingredients application market share, 2015 & 2024

5.2     Food & Beverages

5.2.1  Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)

5.2.2  Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)

5.3     Infant Formulations

5.3.1  Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)

5.3.2  Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)

5.4        Personal Care & Cosmetics

5.4.1  Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)

5.4.2  Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)

5.5     Animal Feed

5.5.1  Market estimates and forecast, 2013-2024, (Kilo Tons) (USD Million)

5.5.2  Market estimates and forecast, by region, 2013-2024, (Kilo Tons) (USD Million)

5.5.3  Market estimates and forecast, by application, 2013-2024, (Kilo Tons) (USD Million)

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U.S. protein ingredient market should witness consumption of over 2.2 million tons by 2024 owing to growing consumer preference towards healthy product consumption along with government approvals to use in cosmetic, infant formulas, and food sector.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for algosonline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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