The Global Market for Protein Ingredients is Projected to Reach US$40.8 Billion by 2022

High Nutritional Value & Functional Health Benefits to Fuel Growth in the Global Protein Ingredients Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Protein Ingredients market. The global market for Protein Ingredients is projected to reach US$40.8 billion by 2022, driven by the growing demand for protein-fortified food products among consumers of all age groups. Increasing use of protein ingredients in non-food applications such as pharmaceuticals, cosmetics and personal care markets and animal feed also presents new opportunities for growth.

Proteins, which are polymers of amino acids joined through peptide bonds, are building blocks of the human body and also hold enormous significance as a fuel source. Since proteins take part in almost all processes occurring within cells, these are considered vital for promoting health and wellness and also for enabling people to maintain active lifestyles across all stages of life, right from birth to old age. Diets high in protein and low in carbohydrates are gaining in prominence as being effective in fighting obesity and diabetes. The growing demand for high protein foods is driving growth in the global protein ingredients market. Rising consumer awareness about health and wellness and growing realization about the beneficial role of protein-rich foods in muscle building and weight management are stimulating growth in the market. While sustained demand from food & beverage industry is expected to continue fuelling growth in the coming years, the market will also be bolstered by increased demand from pharmaceuticals, cosmetics and personal care markets.

Animal protein ingredients, which are derived primarily from products such as fish, meat, egg, milk and gelatin, dominate the global market for protein ingredients. The continued preference for animal protein ingredients is due to several advantages offered, in terms of convenience, better product stability and functionality, ease of formulation and consistency in performance. Plant protein ingredients, on the other hand, is forecast to record faster growth supported by growing acceptance of plant proteins as healthy and nutritious replacements to animal proteins, while also being cost effective. The plant proteins market is also being favored by the growing appeal of veganism and vegetarianism among consumers, specifically among younger people. Within the plant protein ingredients segment, soy protein ingredients are widely used in a number of applications including dairy replacement, infant foods, meat alternatives, bakery & confectionery and functional foods. Soy proteins benefit from their widespread availability, while clinical research supporting its health and nutritional advantages bode well for the ingredients’ use. However, with growth in the soy proteins market being restrained by concerns over the use of genetically modified soy, the focus is shifting to alternative plant-based ingredients, especially pea protein ingredients.

As stated by the new market research report on Protein Ingredients, Europe represents largest market, worldwide. Asia-Pacific is poised to grow at the fastest CAGR of 9.1% over the analysis period led by growing population, expanding base of affluent middle class population, changing food dietary patterns, and increasing per capita spending on health foods especially nutrient-rich good-for-you packaged foods.

Major players covered in the report include Archer Daniels Midland Company, Arla Foods Ingredients Group P/S, Armor Proteines S.A.S., Axiom Foods Inc., Burcon NutraScience Corporation, Cargill Incorporated, CHS Inc., Darling Ingredients Inc., Davisco Foods International Inc., DuPont Nutrition & Health, Fonterra Co-Operative Group Limited, Gelita AG, Glanbia Plc, Kerry Ingredients & Flavors, Lactalis Ingredients, Linyi Shansong Biological Products Co. Ltd., Manildra Group USA, MGP Ingredients Inc., Omega Protein Corporation, Sterling Gelatin Ltd., and Tessenderlo Group, among others.

The research report titled “Protein Ingredients: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. The market is analyzed by the following product group/segment - Animal Protein (Dairy, Egg, Gelatin and Collagen) and Plant Protein (Soy, Gluten and Others).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.