The global Protein Ingredients Market is eyeing for a healthy market growth at a remarkable 3.8% CAGR over the forecast period (2017-2022). Protein plays a pivotal role to repair and heal the human body. The long list of protein ingredients has wide applications in the health and wellness domain including muscle protection, pre-workout fuel and post-workout replenishment. Soy and whey protein ingredients are the most widely used. Surge in healthcare products and increase in livestock consumption the world over has resulted in the requirement for protein ingredients in various manufacturing industries namely personal care and cosmetics, animal feed and pharmaceutical. Protein powder has unique properties that is much more convenient compared to whole foods such as dairy products, eggs, fish and meat with enhanced forms and inclusion of different flavors which has resulted in its wide acceptance in different industrial applications.
Market Scenario and Key Factors:
There are myriads of factors that is propelling the protein ingredients market growth. The different market factors and trends in this market according to an analysis conducted by MRFR (Market Research Future) include consumer preference for healthy diet, increasing need for animal products, rising demand for soy proteins in different food applications, increasing need for fortified food products, robust demand for foods and beverages that are rich in protein together with specific needs such as muscle growth and weight management control, easy preparation and the possibility of consuming on-the-go, technological advancements in processing as well as overall product development and increasing sales of sports nutrition and functional foods rich in protein. However, fluctuation in the raw materials’ cost, volatile price of the products and stringent rules and regulations imposed on animal proteins may hinder the growth of the global protein ingredients market.
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Leading players profiled in the protein ingredients market include Nutripea (Canada), Solbar (Israel), Gushen Biological Technology Group Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Solae (U.S.), and Daniels-Midland Co. (U.S.).
Feb 2019- Darigold is all set to expand its milk product portfolio with FIT, a high-protein, lactose free and ultra-filtered milk. It will provide the same Darigold’s delicious taste but with 40% less sugar and 75% higher protein. This everyday milk is enriched with stronger nutritional value and sans artificial ingredients. Along with FIT milk, Darigold is also providing FIT chocolate that has less sugar and more protein.
The protein ingredients market is competitive and highly fragmented with the existence of many providers including local and international. The vendors in this market include protein ingredient-based food product manufacturers, distributors of protein ingredients and manufacturers of protein ingredients. There is tough competition in this market with regards to pricing, portfolio and product differentiation.
The MRFR report provides an all-inclusive segmental analysis of the protein ingredients market on the basis of feedstock, form and application.
Based on feedstock, it is segmented into pork, beef, egg, casein, milk, whey, canola, pea, wheat, soy and others. Of these, whey and soy will have the maximum market share.
Based on form, the protein ingredients market is segmented into capsules and tablets, ready to drink, bars, powders and others. Of these, ready to drink segment will dominate the market during the forecast period.
Based on application, it is segmented into pharmaceutical and others, confectionery and other foods, meat additives, sport nutrition, and functional food. Of these, pharmaceuticals will expand at the highest CAGR.
Based on region, the protein ingredients market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, Europe will register the highest market share owing to rising need for products having high protein content. Besides, growth in particular protein nutritional needs for weight management and muscle growth may also drive the protein ingredients market growth in this region. Whey amid animal proteins and canola amid plant proteins are expected to have the fastest growth in the protein ingredients market in Europe. In Asia Pacific, whey amid animal proteins and soybean amid plant proteins is anticipated to have the fastest growth amid various protein ingredients. The largest soybean consumer in the world China supports the soy protein ingredients market.