Global protein hydrolysates market is anticipated to grow significantly during the forecast period on account of the health benefits these products offer and growing advancements in protein ingredient industry. Moreover, presence of favorable government regulations in various regions is anticipated to propel market growth for plant & animal protein hydrolysates during the forecast period.
Rapid growth in the food & beverage industry, primarily in Asia Pacific countries including India, China, Malaysia and Indonesia, is anticipated to boost demand for plant & animal protein hydrolysates in future years. Growing demand for foods & beverages in emerging markets of BRICS is anticipated to have a positive impact on global food & beverage industry. In addition, population growth, increasing urbanization, and rising disposable income in Middle East countries, especially Saudi Arabia, are anticipated to promote food & beverage industry over the forecast period. This in turn is likely to have a positive impact on the plant & animal protein hydrolysates market over the forecast years.
Growing health awareness among consumers is likely to boost plant & dairy market as it helps in reducing risk of diabetes and cardiovascular diseases. Plant & dairy protein ingredients have been approved for use by the U.S. FDA and are approved as essential ingredients by the European Union and other countries around the world including Japan, Australia, and Canada.
Technological advancements and product innovations are anticipated to be the key drivers for the protein hydrolysate market over the projected period. Soy proteins are primarily employed in coffee whiteners, liquid whipped toppings, pre-whipped topping and toppings of other emulsified food items to replace sodium-caseinate. Technological advancements have permitted the use of plant & animal proteins in concentrated frozen desserts, beverage powders, sour cream dips, sour cream, and other cheese-like products. Furthermore, soy protein has been widely used in emulsion-types of cheese to replace up to 50% of sodium caseinate.
The protein hydrolysates market is segmented on the basis of product, technology, and application which is further segmented across major regions including North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Based on product, the protein hydrolysate market is segmented into milk protein hydrolysates, animal protein hydrolysates, egg protein hydrolysates, fish protein hydrolysates, plant protein hydrolysates, and microbe-based protein hydrolysates.
Plant protein hydrolysates are manufactured from crops including pea, wheat, canola and soy. Among the available plant proteins, soy protein market has been growing at a fast pace on account of health benefits derived from it. Soy protein is primarily isolated from soybean meal that has been defatted or dehulled. Defatted soybeans are further processed into three types of commercial products including soy concentrates, flour, and isolates.
Soy comprises 30% carbohydrate, 38% protein, 18% unsaturated oil, and 14% moisture. In addition, it contains all nine essential amino acids, which is the perfect ratio for health and well-being. Continuous research by major players has proved that intake of 25 g soy protein a day aids in prevention of a wide range of ailments including cardiovascular diseases, diabetes, and obesity. Additionally, daily intake of soy protein helps in maintenance of bone weight.
Furthermore, in 1999, the FDA determined that four servings of soy-protein per day help in reduction of LDL cholesterol in the body by up to 10%. Addition of soy protein in diet aids in reducing the risk of breast, colon, and prostate cancer. Moreover, soy enhances athletic performance as the isoflavones found in soy produce antioxidant effects, which quicken the recovery process and reduce muscle inflammation and soreness.
Volatile soybean prices are expected to be the key restraints of protein hydrolysate market. Over the past few years, soybean has become one of the most important commodities in the world as it is used in manufacturing of soybean oil and soybean protein. Soybean is employed in production of vegetable oils, animal feeds and foodstuffs; hence, it has become a staple source of food globally. 55% of soybean oil and protein is manufactured in the U.S. The U.S. exports 37% of the world’s soybean and China is the largest importer followed by Mexico.
Brazil is the second-largest producer of soybeans and has been attempting to expand soybean cultivation further. However, the country has been facing opposition from several environmental groups on account of soybean industry’s encroachment on the Amazon rain forest and overall deforestation of Brazil for profit. Soy protein hydrolysate prices are anticipated to go up further as various sectors, including the food & beverage and personal care and cosmetic industries, rely heavily on soybean protein for their operations on account of nutritional and emulsifier properties. This is anticipated to be a major challenge for soy protein hydrolysate market growth.
The key industry participants of the protein hydrolysates market include Tate & Lyle PLC, Abbott (Nutrition division), Koninklijke DSM N.V., Arla Foods, Kerry Group PLC, and ADM Company. The other players include Nestle S.A., Agrilife, BRISK BIO, Danone Nutricia, and Frieslandcampina, Glanbia PLC among others.
In-depth report on global protein hydrolysate market by Grand View Research: