Global Protein Ingredients Market is projected to grow at a CAGR over 3.87% post 2022
Global Protein Ingredients Market Information- by Feedstock (Soy, Wheat, Pea,Casein, Egg, Beef, Pork Others), by Form (Powder, Bars, Ready to drink)
PUNE, MAHARASHTRA, INDIA, May 9, 2017 /EINPresswire.com/ -- Global Protein Ingredients Market Information- by Feedstock (Soy, Wheat, Pea, Canola, Whey, Milk, Casein, Egg, Beef, Pork Others), by Form (Powder, Bars, Ready to drink, Capsules & tablets and Others), by application (Functional Foods, Sports Nutrition, Meat Additives, Confectionery & Other Food Products, Pharmaceuticals and Others) by Region Forecast to 2022The protein ingredients market is projected to reach 5,547 KT by 2022, at a CAGR of 3.87% from 2017, in terms of market volume. Europe and North America are the major consumers of protein ingredients with Asia Pacific emerging as growing consumers. Increase in demand in overall health and wellness products with protein rich foods and beverages is driving higher demand for protein ingredients market. Globally, plant proteins have witnessing less demand which is driving higher private investments by companies involved in the Protein Ingredients market to gain consumer attention and encourage buying. Companies who manufactures plant based protein from North America and Europe are spending more on marketing activities to promote plant protein as animal protein are very popular among the consumer groups in those particular areas.
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Market Forecast
Pea and egg white proteins are growing traction among the consumers with each having an individual growth rate of about 3.04% and 3.44% during the period 2017-2022. These ingredients are fast emerging as major protein sources in the industry. Egg whites are growing mainly due to their amino acid profile and protein absorbability and pea protein due to its protein profile and sustainability. Soybean and whey is projected to dominate the protein ingredient sources with more than 40% by 2022. Increase in food safety issues related to animal protein, consumers are likely to shift more towards plant proteins like soybean, pea and canola.
Powder and bars together is estimated to dominate the protein ingredients market by more than 60% in the year 2017. However, fastest growth is witnessed under ready to drink form followed by bars. Advancements in technology in processing and overall product development has resulted in launch of various product protein ingredient forms.
By Downstream analysis-
Functional foods and sports nutrition together utilize more than 50% of protein ingredients. Growing importance of protein in healthy foods and beverage segments is supporting protein ingredients applications. Fastest growth is projected under functional foods followed by sports nutrition due to increase n protein demand with specific nutritional requirements.
Growth in functional beverages sales have increased comparatively higher than carbonated and other high-sugar, empty calorie beverages across various parts of the world. Functional foods and sports nutrition utilizes most of the protein ingredients which accounts more than 55% of total protein ingredient applications. More than 50% of protein ingredients manufactured in China is used as a meat additives. Substances such as dried meat, poultry stock, meat extracts, or hydrolyzed protein are used as a meat additives. Meat additives are generally used for enhancement of taste, flavor and extension of shelf life of the meat products.
Competitive analysis-
The major key players in Protein Ingredients market are
• Archer-Daniels-Midland Co. (U.S.)
• Solae (U.S.)
• Shandong Yuwang Industrial Co., Ltd (China)
• Shandong Sinoglory Health Food Co., Ltd (China)
• Gushen Biological Technology Group Co.,Ltd (China)
• Solbar (Israel)
• Nutripea (Canada)
Key players are investing hugely on new product launch which is more than 25% of strategy share include the new product launches by key players from last few years. Agreement and acquisitions are two main factors which are contributing more than 20% of strategy share syndicate as it helping company to penetrate the potential market across globe.
Regional Analysis
Europe protein ingredients hold a major market share of about 39.4% of the overall volume in 2017. Increase in demand for high protein products is driving higher demand for protein ingredients in Europe. Growth in specific protein nutritional requirements for muscle growth, weight managements is also supporting the market growth. Canola among plant proteins and whey among animal proteins are projected to grow fastest among the various protein ingredients in Europe with estimated market share of more than 50% in the year 2017.
Soybean among plant proteins and whey among animal proteins are projected to grow fastest among the various protein ingredients in Asia Pacific with estimated market share of more than 60% in the year 2017. China being one the largest consumer of soybean in the world, supports soy protein ingredient market.
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The reports also cover country level analysis:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K.
• France
• Italy
• Russia
• Rest of Europe
Asia – Pacific
• China
• Thailand
• India
• Australia
• Rest of APAC
RoW
• South America
• Middle East
• Africa
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Table of Contents
1 Executive Summary 14
2 Introduction 15
2.1 Definition 15
2.2 Scope of the Study 15
2.2.1 Research Objective 15
2.2.2 Assumptions 15
2.2.3 Limitations 16
2.3 Market Structure 16
3 Research Methodology 18
3.1 Introduction 18
3.2 Primary Research 19
4 Secondary Research 20
5 Market Dynamics 21
5.1 Introduction 21
5.1.1 Drivers 21
5.1.1.1 High Expenditure in marketing by protein ingredient companies 21
5.1.1.2 Consumer preference 22
5.1.2 Functional Properties 22
5.1.3 Advancement in technology 22
5.1.4 Restraints 22
5.1.4.1 Availability of substitute 22
5.1.4.2 Negative impact on health 23
5.1.5 Opportunities 23
5.1.5.1 Increasing weight management practices 23
5.1.5.2 High demand for sport nutrition 23
5.1.5.3 Improving distribution channels 23
5.1.5.4 Increasing application in infant formula 23
5.1.6 Challenges 23
5.1.6.1 Low consumer awareness 23
5.1.6.2 Changing Climate Conditions 24
5.1.6.3 Rising commodity prices 24
6 Market Trends 25
6.1 Trends in Supply/Production 25
6.2 Trends in Demand/Consumption by function 26
6.3 Emerging Markets (Supply & Demand) 27
7 Emerging markets for proteins 28
7.1 Introduction 28
7.2 Trend in Protein concentrates and textured protein substances exports and imports 28
7.2.1 Trend in Protein concentrates and textured protein substances Exports 28
7.2.2 Trend in Protein concentrates and textured protein substances
Akash Anand
Market Research Future
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