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Global Protein Ingredients Market - Segmented by Source, Application and Geography (2018 - 2023)

  • ID : 4997058  |  
  • Published : Feb-2018  |  
  • Region : Global  |  
  • Pages : 110   |  
  • Publisher : Mordor Intelligence

Market Insights

Proteins are the building blocks of the human body and also hold huge importance as a fuel source. As proteins are part of all processes happening within cells, they are promoted as health and wellness ingredients, helping consumers maintain better lifestyles, across all stages of life. Rich protein diets, coupled with low-carbohydrates, are gaining momentum as they help to effectively fight obesity and diabetes.

The global protein ingredients market was valued at USD 21.89 billion in 2015 due to a huge demand for plant protein and is estimated to grow at a CAGR of 7.4% by 2023.

Increasing Health Consciousness among Consumers

The global protein ingredients market is growing rapidly. A major reason propelling the market is the health and wellness concept. Protein ingredients have vast applications in health and wellness industry, which include post-workout replenishment, pre-workout fuel and muscle protection. A hike in the adoption of protein supplements, with advantages like high-calorie intake and increasing number of health clubs, are in-turn giving rise to the demand for health supplements. The increasing demand for processed foods and energy drinks is also boosting the market.

Consumers look for a great product with pleasing taste and high nutritional value, which leads to manufactures investing in research and development of new products. Product development, due to innovations in technology, has also helped the market to grow in the plant and animal/dairy ingredients application base.

Plant Proteins Dominates the Market over Animal Protein

Wheat production is mainly in China, India, Russia, France, and the U.S with a major share of approximately 48% of the global output. Canada is the prime producer of canola, with 22% of the global output. EU & FDA have approved its use in consumer products, supported by complete acceptance in Japan, Australia, and Canada, which fuel the market growth. Plant proteins have an upper hand over animal proteins, due to the price difference and quality fluctuations. Consumers are also particular about gluten-free protein products, which helps the plant protein market growth.

Animal feed is further segmented into aquaculture and pet foods, among others. Food & beverage is sub-categorized into food, beverage, and supplements. The supplements segment is forecasted to grow at a healthy CAGR. Animal protein and cosmetics & personal care products are emerging segments. Egg protein accounted for 38% of the total market volume, as it is extensively used in food & beverage products like sports food, meat, ice creams, and bakery. Egg protein helps in overcoming nutritional deficiencies, which is also expected to boost the market growth during the forecast period.

North America Dominates the Market

North America contributes the highest market share owing to the high growth of health and wellness industry. The increasing demand for products such as energy bars, cold cereals, and snacks is contributing to the growth of the North American market, which is expected to grow at a CAGR of 5.6% during the forecast period. High consumption of protein-based energy products increases human productivity, and this product value has made Europe the second largest consumer. The U.K., Germany, France, Belgium, and Italy are the major countries contributing to the European protein ingredients market. The increasing dairy production in Poland is also catering to the overall growth of the European market.

Asia-Pacific is expected to be the potential market, owing to the rising awareness about health and the increasing disposable incomes in the region. The food & beverage industry is expanding in China, Malaysia, India, and Indonesia, due to an increase in the consumer purchasing power.  Asia-Pacific is expected to gain a market share of 22% in global protein ingredients market, by 2023, which is also aided by the growing animal feed industry in countries such as China and India.

Competitive Landscape

The major players in the global protein ingredients market Cargill Inc, Kerry Group Plc, Arla Foods, Archer Daniels Midland Company (Adm), E.I.Dupont De Nemours And Company, Omega Protein Corporation, Amco Proteins, Fonterra Co-Operative Group Ltd, Gelita Ag, Hilmar Ingredients.

Key Developments

  • January 2018: With the rapid rise in consumer demand for plant-based protein, PURIS,  the largest North American producer of pea protein, and Cargill have signed a joint venture agreement to accelerate a new wave of great tasting, sustainable and label-friendly plant-based foods.
  • November 2017: Arla Foods Ingredients is set to unveil a new range of high quality whey protein-based Complementary Feeding solutions that support babies and their parents during the gradual move to solid foods.
  • October 2017: DuPont Nutrition & Health Debuts Plant-based, 90 Percent Protein Nuggets at Supply-Side West.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
  • 3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis in country level

1. INTRODUCTION

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definitions

2. RESEARCH APPROACH AND METHODOLOGY

2.1 Introduction

2.2 Research Design

2.3 Study Timelines

2.4 Study Phases

2.4.1 Secondary Research

2.4.2 Discussion Guide

2.4.3 Market Engineering & Econometric Modeling

2.4.4 Expert Validation

3. KEY FINDINGS OF THE STUDY

4. MARKET DYNAMICS

4.1 Drivers

4.1.1 Rising Health Benefits Associated with Scientific Evidence

4.1.2 Innovations in Technology

4.1.3 Increasing New Applications

4.1.4 Growing Appeal of Veganism Amongst Consumers

4.2 Restraints

4.2.1 Wavering Soybean Prices

4.2.2 Rising Demand of Soy Based Products

4.2.3 Stringent Regulations

4.3 Opportunities

4.3.1 Demand Fueling the Market from Personal and Healthcare Products

4.3.2 Rising Potential for Plant and Animal Protein

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5. MARKET SEGMENTATION

5.1 By Source

5.1.1 Animal Source

5.1.1.1 Dairy Protein

5.1.1.1.1 Milk Protein Concentrate (MPC)

5.1.1.1.2 Whey Protein Concentrates (WPC 80 & 35)

5.1.1.1.3 Whey Protein Hydrolysates (WPH)

5.1.1.1.4 Whey Protein Isolates (WPI)

5.1.1.1.5 Casein & Caseinates

5.1.1.2 Egg Protein

5.1.1.3 Gelatin

5.1.2 Plant Source

5.1.2.1 Soy Protein

5.1.2.1.1 Soy Protein Isolates (SPI)

5.1.2.1.2 Soy Protein Concentrates (SPC)

5.1.2.1.3 Textured Soy Protein (TSP)

5.1.2.2 Wheat Protein

5.1.2.3 Vegetable Protein

5.1.2.3.1 Pea Protein

5.1.2.3.2 Canola Protein

5.1.2.3.3 Rice Protein

5.1.2.3.4 Potato Protein

5.1.2.3.5 Others

5.2 By Application

5.2.1 Animal Feed

5.2.1.1 Aquaculture

5.2.1.2 Pet Food

5.2.1.3 Others

5.2.2 Food & Beverage

5.2.2.1 Food

5.2.2.2 Beverage

5.2.2.3 Supplements

5.2.3 Infant Formulations

5.2.4 Cosmetics & Personal Care

5.2.5 Pharmaceuticals

5.3 By Geography

5.3.1 North America

5.3.1.1 U.S.

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Others

5.3.2 Europe

5.3.2.1 Spain

5.3.2.2 Italy

5.3.2.3 U.K.

5.3.2.4 Germany

5.3.2.5 Russia

5.3.2.6 France

5.3.2.7 Others

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 Australia

5.3.3.5 Others

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Others

5.3.5 Africa

5.3.5.1 South Africa

5.3.5.2 Others

6. COMPETITIVE LANDSCAPE

6.1 Market Shares of Leading Global Players

6.2 Strategies Adopted by Leading Global Players

7. COMPANY PROFILES

7.1 Cargill Inc

7.2 Kerry Group Plc

7.3 Arla Foods

7.4 Archer Daniels Midland Company (ADM)

7.5 E.I.DuPont De Nemours and Company

7.6 Omega Protein Corporation

7.7 Amco Proteins

7.8 Fonterra Co-Operative Group Ltd

7.9 Gelita AG

7.10 Hilmar Ingredients

7.11 Kewpie Corporation

7.12 Associated British Foods

7.13 Bioexx Specialty Proteins

7.14 Bunge

7.15 Burcon NutraScience

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