Protein Ingredients Market Size, Share & Trends Report

Protein Ingredients Market Size, Share & Trends Analysis Report By Product [Plant (Wheat, Soy Protein Concentrates), Animal (Egg, Milk Protein Concentrates)], By Application, And Segment Forecast, 2018 - 2025

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-451-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 120

Industry Insights

The global protein ingredients market size was valued at USD 25.62 billion in 2016 and is expected to witness growth at a CAGR of over 7% from 2016 to 2025. Increasing consumer awareness, especially for functional foods and dietary supplements, has been a critical factor for market growth in recent times. 

With egg proteins finding market penetration tough on account of unattractive prices and increasing sensitivity to wheat glucans, especially in the U.S., these ingredients are expected to witness enhanced demand over the next nine years. However, the volatile prices of these products is expected to have a negative impact on the development of the market.

U.S. plant protein ingredients market

Protein is a vital constituent of the cells that help in repairing and healing the human body. These ingredients are being used in a wide range of novel applications, which include manufacturing of paper, printing inks, paper coatings, paints, fertilizers, insect sprays and sizing for textiles.

Studies related to the application of soybean protein extracts as a dry strength additive have been conducted over the past few years. Dry strength additives are an important set of compounds that are essential for maximizing the mechanical integrity of papermaking products. Soybean is being used in manufacturing dry strength additives as they are cheap and effective dry strength additives as compared to carboxymethyl cellulose, guar gum, chitosan, and polyacrylamides.

Animal type products are primarily derived from fish, milk, meat, egg and gelatin. On account of advancement in extraction techniques, different types of ingredients obtained from milk are named as concentrates, isolates and hydrolysates, amongst which isolates have about 90% of the protein content. Consumers in developed regions of the world have exhibited preference to animal protein ingredients. However, a significant rise in the demand for these ingredients has been witnessed in developing countries in the recent past.

The U.S. product market has witnessed a considerable increase in consumption of animal proteins in the recent past. Significant demand for animal-based products in the domestic market is expected to propel the product demand in the U.S. Initiatives taken to strengthen the supply chain are projected to positively impact the industry in the U.S. over the forecast period. Sports & fitness nutrition market, infant nutrition, and geriatric nutrition are the major end-use segments of these ingredients.

The volatile price of these products are 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 the final product, thus having a negative impact on the market.

Application Insights

The food & beverage industry was recorded to be the largest consumer in this market, accounting for over 50% of global demand in 2015. Furthermore, it is expected to dominate the market over the forecast period owing to the increasing population, changing lifestyle of consumers and rising number of restaurants and cafes especially in the developing countries of India and China.

Additionally, plant protein ingredients are increasingly being used in the Asia Pacific region on account of its increasing acceptability among various cultures as compared to its counterpart. Animal type are excessively used in the bakery industry as it reduces mix time. These products help to increase dietary fiber, finished product volume, product release, dough strength and texture of foods. Moreover, high protein content in bakery products increases the moisture retention capacity and inhibits retrogradation, thus increasing the shelf life of baked goods.

Infant formulation was the second-largest application segment, accounting for over 15% of global consumption in 2015. Plant & animal ingredients are either added individually or as part of vitamin and mineral premixes. Milk protein-based infant formulas are consumed by majority of the infants. These formulas are available in powdered, liquid concentrate and liquid ready-to-feed forms.

Various cow milk derived products including nonfat milk, casein, combinations of casein and whey proteins or partially hydrolyzed whey protein concentrates provide proteins for these formulas. Rising use of these products in the manufacturing of infant formulation in various regions is expected to have a positive impact on the market over the next nine years. The other key application segments in this industry include personal care & cosmetics and animal feed.

Product Insights

Soy concentrates were the highest consumed form of plant proteins ingredients accounting for over 30% of global demand in 2015. Soy concentrates market is expected to grow over the projected period on account of it being easily digestible, and having greater fat retention capacity and higher nutritional level. These products retain most of the original fiber of soybean and are predominantly consumed by babies, pregnant women, and geriatric population. Other factors that have been driving the market are its increasing use in pet foods as milk replacers for calves and pigs. Within the food industry, apart from pet food, soy concentrates are increasingly used in baked products, breakfast cereals, poultry products and some meat products.

Soybeans are vegetable foods, which comprise all the nine amino acids essential for the growth of the human body. Soy isolates were the second largest segment accounting for over 15% of the global plant proteins demand in 2015. These are the refined form of soy comprising 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.

Soy isolate is fat-free in nature, and is thus employed in the production of dairy products, bottled fruit drinks, power bars, soups and sauces and many weight and fitness products. Growth in the food & beverage industry, particularly in Asia Pacific and BRICS, is anticipated to propel product demand over the projected period.

Global plant protein ingredients market

Whey concentrates were the second largest consumed animal based product accounting for over 15% of global demand. These products are employed in numerous applications including the manufacturing of dairy desserts, beverages and yoghurt products. Furthermore, whey concentrates provide as a source of protein fortification for infant food and nutritional products. In addition, they exhibit gelling property when dissolved in water and heated. This property is extremely beneficial for nutritional and meat industry applications. They are primarily employed in the manufacturing of yogurts. Growth of the food & beverage sector is expected to fuel product demand over the forecast period. Milk products 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 market accounting for over 35% of global demand in 2015. The industry in North America is expected to grow on account of increasing consumption of energy bars, cold cereals, and snacks. New product introductions by companies, including Cargill and Mead Johnson, are focused on consumer needs for low saturated fat and cholesterol free beverages, thus augmenting product demand. Consumer perceptions regarding health benefits relating to soy products consumption coupled with FDA approval for use of these products in food industry is expected to result in high acceptance by end-use industries such as food, cosmetics and infant formulations.

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 these products as compared to the U.S. and European countries, is expected to drive the market over the next nine years.

Rising geriatric population and continually changing climate conditions in China, Australia, and India have raised concerns for skin problems, which are expected to fuel personal care products demand and in turn likely to augment the overall industry growth over the forecast period. Furthermore, infant formulation manufacturers are shifting production base from developed countries to countries in the Asia Pacific region, particularly Japan and Australia, in light of low manufacturing costs and the abundant availability of raw materials. This, in turn, is likely to boost the overall industry over the next few years.

Protein Ingredients Market Share Insights

The global industry is consolidated and is characterized by mergers, acquisitions, and numerous joint ventures. DuPont, Bunge Limited, ADM, Cargill Inc., and Mead Johnson & Company, LLC accounted for over 50% of the market in 2015.

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

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 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)

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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 global protein ingredients market report 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

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