The past ten years have seen unprecedented growth in protein demand across the globe. The demand for processed food is increasing rapidly owing to increasing urban population, changing lifestyles, increasing number of working people. The hectic work life, as well as unhealthy eating habits, has led to an increase in the occurrence of various health problem like obesity, protein malnutrition. Thus, there has been in number of health-conscious consumers who prefer to seek for a low-fat and high nutritious diet with high protein content. This has led to increased consumption of various protein ingredients. Protein ingredients help the consumer to maintain the appropriate level of protein in the body and thus stay fit. Protein ingredients are used widely in the production of functional as well as healthy food products. The protein ingredients can be obtained from various plant and animal sources and are used for functional applications or value addition in various bakery and confectionaries, supplements, infant formulations, dairy products, etc. The demand for protein ingredients is expected to rise across the globe over the forecast period.
Growing Demand for Protein Fortified Food & Beverage Products Propelling the Protein Ingredients Market
The increase in demand for processed as well as functional food products is expected to boost the demand for protein ingredients. The rising awareness about inclusion of protein ingredients in the diet, demand for food and beverages fortified with protein ingredients, with increasing health consciousness across the globe are some of the primary drivers of global protein ingredients market. The increasing demand for protein ingredients from bakery & confectionaries sector is expected to have a positive impact on protein ingredients market. The increasing use of sports and energy supplements, especially from the youngsters and fitness enthusiast, is expected to fuel the growth of protein ingredients market.
On the basis of Product type, the global Protein Ingredients Market has been segmented as
On the basis of Form, the global Protein Ingredients Market has been segmented as
On the basis of Nature, the global Protein Ingredients Market has been segmented as
On the basis of End Use, the global Protein Ingredients market has been segmented as
Global Protein Ingredients Market: Key Players
The global Protein Ingredients market is competitive. Some of the key players in the global protein ingredients market include Cargill, Ingredion Inc., Kerry Group, Archer Daniels Midland Company, Glanbia Plc, Axiom Foods, ROQUETTE FRERES S.A., DowDupont, CHS Inc. Arla Food Ingredients and others. More companies are taking interest to invest in the growing protein ingredients market.
Opportunities for Market Participants
The global protein ingredients Market is growing and thus has opened an ample number of opportunities for existing as well as new protein ingredients market participants. The on-going ‘move to organic’ trend is has opened several opportunities for protein ingredients market players, to invest and increase their organic portfolio. Manufacturers are strengthening their product portfolio by the introduction of new and pure protein as well as beneficial protein ingredients blends and thus strengthening positions in protein ingredients. The growing applications and thus the demand for protein from pharmaceuticals as well as the cosmetics industry also has opened many opportunities for global protein ingredients players. The rapid penetration of e-Commerce is decreasing entry barriers as well as distribution costs thus opening small scale manufacturers and emerging players in the protein ingredients market to increase their market presence.
Global Protein Ingredients Market: Regional Outlook
The global protein ingredients market has been regionally segmented North America, Europe, Latin America, East Asia, Middle East & Africa, South Asia and Oceania. In the protein Ingredients market, Europe region is expected to hold the largest share, owing to the higher consumption of protein ingredients in F&B as well as pharma industries.