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Upcoming Growth Trends in the Protein Ingredients Market

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Upcoming Growth Trends in the Protein Ingredients Market

February 25
16:00 2020
Upcoming Growth Trends in the Protein Ingredients Market

MarketsandMarkets™
Growing consumer awareness about healthy diets options, rise in demand for superior personal & healthcare products, growth of functional food & beverages, and rising demand for plant based proteins are the major drivers for the growth of protein ingredients.

The protein ingredients market is projected to grow from USD 49.8 billion in 2019 to USD 70.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.0% during the forecast period. The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as a nutrition and functional ingredients.

 Protein Ingredients Market

Proteins are polymers of amino acids, which are used in various industrial applications for their nutritional and functional properties. Their potential to increase nutritional levels makes them one of the key ingredients in both, the food and feed industries. They are involved in repair and transport processes and are the building blocks for several cellular structural elements. MarketsandMarkets projects that the global protein ingredients market is to grow from USD 49.8 billion in 2019 to USD 70.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.0% during the forecast period. Increase in demand for functional proteins, rising consumer awareness about the healthy diets, and growing consumer demand for superior personal & healthcare products are expected to drive the growth of the protein ingredients market.

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The dry segment is estimated to dominate the market for protein ingredients, among the forms, in 2019. Dry form is preferred by manufacturers of food & beverage, feed, and pharmaceutical products, because it is characterized by better stability and ease of handling & storage, as compared to the liquid form. Furthermore, they have a longer shelf life compared to the liquid form.

The plant segment is projected to the fastest growing in terms of the source during the forecast period. This is attributed to changing consumer preferences from meat to plant-based protein. Further, plant-based protein ingredients are a major source of protein for vegans worldwide. High nutritional profile, low carbon footprint, and low price of plant-sourced protein are driving the consumption of these proteins. Plant-based protein is also gaining an increasing level of importance due to its lower environmental impact by reducing energy consumption, emissions, land usage, and water consumption.

In terms of geographic coverage, the protein ingredients market has been segmented into five regions, namely, North America, Europe, Asia Pacific, South America, and RoW. Asia Pacific is projected to be the fastest-growing segment during the forecast period, due to rise in demand for healthy food products. Additionally, the growing population in this region specifically in countries such as China and India, is expected to drive the demand for protein ingredients.

Growing demand especially of dairy proteins due to their wide range of functional properties, including thickening & emulsification, gelling, foaming, heat stabilization, and flavor/color development is likely to create growth opportunities for the protein ingredients market. Additionally, demand of soy protein has a sustainable protein source derived from plant is expected to fuel the market growth.

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Major vendors in the protein ingredients market  include Cargill (US), ADM (US), DowDuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGARNA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada).

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