Protein Ingredients Market Report

Protein Ingredients Market Analysis By Product [Plant (Wheat, Soy Protein Concentrates), Animal (Egg, Milk Protein Concentrates)] By Application (Food & Beverages, Infant Formulations, Personal Care & Cosmetics, Animal Feed), And Segment Forecasts, 2014 - 2025

Published: December 2016  |  120 Pages  |  Format: PDF  |  Report ID: 978-1-68038-451-2

Industry insights

The global protein ingredients market size was valued at USD 23.98 billion in 2015 and is expected to witness growth at a CAGR of over 7% from 2016 to 2024. One of the key drivers for the growth of the protein ingredients market is the strong scientific evidence supporting health benefits. Ongoing research conducted by scientists has proved that protein ingredients are the best source to keep the body fit. Whey proteins are beneficial for cancer patients as well. Rising consumer awareness, especially for dietary supplements and functional foods, has been a critical factor for market development in recent times.

The human body is incapable of producing such vital amino acids required for healing of cells. Hence it is of utmost importance that proteins must be consumed through diet. Proteins may be acquired through the animal source or plant source and are termed as animal proteins and plant proteins.

U.S. protein ingredients market volume, by application, 2014 - 2025 (Kilo tons)

U.S. protein ingredients market

Animal proteins are usually derived from fish, milk, meat, egg and gelatin. On the other hand, plant proteins are obtained from rice, pea, soy, canola and wheat. Milk and soy have a substantial element of proteins; hence they are preferred by all age groups. Owing to the advancement in extraction techniques, the different types of protein ingredients obtained from milk and soy are named as concentrates, isolates, and hydrolysates, amongst which isolates have about 90% of the protein content.

The volatile price of protein ingredients is expected to have an adverse impact on the development of the market. Owing to the imbalance in the supply-demand of grains, the prices of soybean continuously fluctuates. This ultimately increases the cost of production of protein ingredients, thus having a negative impact on the market.

Application insights

Food and beverage were the largest consumer of protein ingredients market accounting for over 50% of global demand in 2015. The increasing demand for functional foods in developed countries is expected to have a positive impact on the industry over the next nine years.

Infant formulation was the second largest application segment accounting for over 15% of global consumption in 2015. The other key application segments of protein ingredients market include personal care & cosmetics and animal feed.

Product insights

Soy protein concentrates were the highest consumed form of plant proteins ingredients accounting for over 30% of global demand in 2015. The key reason for the high share is the fact that being edible, soy has a negligible amount of cholesterol and saturated fats.

Soybeans are vegetable foods which comprise of all the nine amino acids essential for the growth of the human body. Soy protein isolates were the second largest segment accounting for over 15% of the global plant proteins demand in 2015. Soy protein isolates are the refined form of soy protein comprising of 90% protein content. It is utilized in meat products for improvising the quality and texture. It is rarely found in stores and majorly used in the food industries.

Global plant protein ingredients market volume, by product, 2015

Global plant protein ingredients market

Whey protein concentrates were the second largest consumed animal based product accounting for over 15% of global demand. Milk protein and Casein were the other significant ingredients and are expected to show moderate growth over the forecast period.

Regional insights

North America was the largest regional industry accounting for over 35% of global demand in 2015. The high share can be attributed to growing consumer awareness regarding health coupled with growth in applications such as food and beverage and cosmetics.

Protein ingredients industry in U.S. is expected to grow on account of increasing consumption of energy bars, cold cereals, and snacks. The launch of new food products containing low saturated fat and cholesterol free beverages is expected to augment the demand for protein ingredients over the forecast period.

Asia Pacific is anticipated to register the fastest growth, at an estimated CAGR of over 7% in terms of volume from 2016 to 2025 owing to growing exports and domestic demand. The growth of healthcare and cosmetics industries in Japan, China, India and South Korea coupled with the low manufacturing cost of animal and plant proteins as compared to the U.S., and European countries are expected to drive the protein ingredients market over the next nine years.

Competitive insights

The global protein ingredients industry is consolidated and is characterized by mergers, acquisitions, and numerous joint ventures. The key players in the market include DuPont, Bunge, Cargill, ADM and Mead Johnson.

The market is dominated by integrated participants such as ADM and Cargill. Major manufacturers are focusing on strengthening their presence in Asia Pacific region owing to raw material availability and low manufacturing costs.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historic data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Volume in Kilo Tons, Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Germany, UK, China, India, Brazil

Report coverage             

Volume & Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the protein ingredients market on the basis of product, application, and region:

  • Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
    • Plant proteins

    • Animal proteins

  • Plant proteins Ingredients Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
    • Wheat

    • Soy Protein Concentrates

    • Soy Protein Isolates

    • Textured Soy protein

    • Pea

    • Canola

    • Others

  • Animal proteins Ingredients Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
    • Egg protein

    • Milk protein concentrates/isolates

    • Whey protein concentrates

    • Whey protein hydrolysates

    • Whey protein isolates

    • Gelatin

    • Casein/caseinates

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
    • Foods & beverages

    • Infant formulations

    • Personal care & cosmetics

    • Animal Feed

  • Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
    • North America

      • U.S.

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

    • MEA

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA