Protein Ingredients Market to Record Steady Growth by 2025

Northbrook, USA, 2020-Mar-31 — /EPR Network/ — The global protein ingredients market size is projected to grow from USD 49.8 billion in 2019 to USD 70.7 billion by 2025, at a CAGR of 6.0% during the forecast period. The protein ingredients market is driven by factors such as the increasing demand for protein functionalities, awareness about healthy diet & nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and increase in consumption of animal by-products, which are in turn supported by the economic growth, technological advancements, and consumer preference for functional products. However, factors such as stringent government regulations on animal-sourced protein are expected to restrain the market growth of animal protein.

Increasing demand for proteins as nutritional and functional ingredients is driving the market

Protein ingredients sourced from both animals and plants are well-known for their emulsification, gelation/viscosity, water-binding/hydration, foaming, aeration properties; other attributes of protein ingredients include thickening ability, stabilizing ability, and solubility. These functionalities, along with nutritional aspects of proteins, are a major advantage to end-user industries, and are, thus, one of the major market drivers. Another advantage associated with protein sources used for specific functional properties is that they are often less price-sensitive than those that are used only for their nutritional properties. This often benefits the end-user industries with cost advantages. In major applications such as food & beverages, the use of protein ingredients continues to grow with the increasing demand for improved functionalities

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The dry form is projected to hold the largest market share during the forecast period.

The dry form or powder form is extracted through a number of downstream processes, which helps to obtain the desired moisture content and protein concentration in the end products. The dry form of protein ingredients is preferred due to its better stability and ease of handling & storage, as compared to the liquid form. Furthermore, they have a longer shelf life compared to the liquid form.

Animal based proteins are dominating the global protein ingredients market.

On the basis of source, the market for protein ingredients is classified into animal and plant protein. The demand for animal-based protein ingredients held a dominant share in the protein ingredients market across regions, particularly in North America and Europe, where the consumption of animal-based protein remains high.

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Asia Pacific is projected to be the fastest-growing region during the forecast period.

Asia Pacific is projected to be the fastest-growing region during the forecast period. The market in the region is driven by increase in population growth especially in countries such as China and India. Further, rise in demand for healthy food products having high nutritional value such as soy, wheat, and vegetable protein is driving the market in this region.

Major vendors in the protein ingredients market  include Cargill (US), ADM (US), DowDuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGARNA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada).

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