Protein Ingredients Market Key Players, Regional Demand, Trend, Outlook with Forecast 2032

 

Protein Ingredients Market Report

MRFR (Market Research Future) anticipates the protein ingredients market 2020 to advance at a rate of 10.0% from 2021 to 2028. (appraisal period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

COVID-19 Impact on Protein Ingredients Market to be Positive

The world is grappling with the aftereffects of the SARS-CoV-2 pandemic, with the possibility of achieving a vaccine soon appearing to be weak. In the meantime, people are focusing on their health by trying to improve their immunity. The lockdown has led to people being confined to their homes, who are now extremely focused on maintaining a healthy lifestyle along with a proper diet, which includes consumption of protein ingredients. As a result, despite the surge in novel coronavirus cases, the demand for protein ingredient products should remain strong throughout the review period.

Host of Benefits Bolsters Application Scope across End-Use Industries

Protein ingredients, whether derived from animals or plants, are known for their viscosity/ gelation, emulsification, aeration, foaming, water-binding/hydration properties. Some other attributes include stabilizing ability, high solubility and thickening ability. In addition to these functionalities, significant nutritional contents of proteins are also fostering their demand across several end-user industries. Protein ingredients also have specific functional applications that prove to be quite cost-effective and are therefore preferred over ingredients that have only nutritional advantages. End-user industries like personal care and cosmetic use protein ingredients for the provision of moisturizing and conditioning in skin and hair care products.

Competition between Firms to Intensify as Focus on Product Innovation Soars

The Protein Ingredients Market growth is also induced by the fact that various manufacturers are increasingly designing and developing specific concentrates, isolates, and forms of protein ingredients with applications in beverages, dairy products, infant formula, dietary supplements, confectionery, bakery products, and multiple food products. There are frequent developments taking place globally, in terms of product innovations and range expansions, which are viewed as noteworthy protein ingredients market trends. To cite a reference, in July 2020, DuPont boosted its plant-based protein ingredients range by launching Danisco Planit, which includes plant proteins, cultures, hydrocolloids, fibers, probiotics, antioxidants, food protection, emulsifiers, natural extracts and more. The latest protein ingredients will be sold under the Danisco Planit range, coupled with Alpha Functional soy protein concentrates as well as Response Textured Soy Protein Concentrates.

 

Escalating Demand for Plant-Based Protein Ingredients to be a Major Opportunity

Plant-based protein ingredients are proving to be one of the most lucrative market segments. Soy proteins are particularly witnessing robust demand as these are considered to be a sustainable protein source, and are cost effective. Considering soy’s rich protein content compared to other plant sources, its popularity among vegans has been escalating significantly in recent years. The Islamic countries are also aiding market growth for plant-based protein ingredients, since animal proteins derived from pork are forbidden.

Segmental Analysis

Protein ingredients industry has been considered for feedstock, form and application.

Feedstock-based segments are pork, wheat, casein, soy, pea, milk, whey, canola, beef, egg, and others. Pea and egg white can portray a growth rate of close to 3.04% and 3.44% respectively between 2016 and 2022. These protein ingredients are the fastest developing segments and are anticipated to seize a share of over 40% by 2022.

Forms in which protein ingredients come include bars, powder, capsules & tablets, ready to drink, and more. Powder together with bars can take the lead in the protein ingredients market, having accumulated a share of 60% in 2017. However, the fastest expansion rate will be experienced by the ready to drink segment, followed by bars.

Applications of protein ingredients are pharmaceutical, sport nutrition, functional food, confectionery & others foods, meat additives, and others. Functional foods and sports nutrition jointly form more than 50% of the total protein ingredients industry. Rising significance of protein in beverage and foods support the mentioned segments’ growth.

Regional Outlook

Europe Continues to Lead as Personal Care Sector Emerges as Key End-User

Europe clinched the top spot in 2017 with the biggest share of nearly 39.4% in the global market, in terms of volume. Protein ingredients supply and demand in Europe is quite huge, in line with the surging nutritional needs for weight management and muscle improvement among fitness conscious consumers. Canola is the most preferred plant protein ingredient while whey is the most sought-after animal-based protein ingredient, with both the segments together accounting for over 50% of the regional market in 2017. The rich protein content trend in personal care & cosmetics and food & beverages industries has gained traction in Germany, which could be a major growth inducer in the following years.

 

APAC to Register Solid Growth as Health Issues Prevail

Soybean remains one of the highest consumed plant protein ingredients whilst whey is the most preferred animal protein ingredient in APAC. Both these markets came close to 60% in 2017. China is one of the most prominent consumers of soybean across the globe, and therefore contributes substantially to the market growth in the region. Growing burden of health-related diseases, combined with the rising focus on taste, freshness and quality of foods among consumers has led to higher demand for protein ingredients in the region.

Top Industry Contenders

Top Key Protein Ingredients Market Players in the worldwide industry are Solae (U.S.), Gushen Biological Technology Group Co., Ltd (China), Archer-Daniels-Midland Co. (U.S.), Solbar (Israel), Shandong Sinoglory Health Food Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Nutripea (Canada), to list a few.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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