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Global Protein Ingredients Market: Increasing Popularity of Soy and Pea Proteins to Boost Market’s Growth, Says TMR

Posted on May 05, 2017

With a large pool of players, the competitive landscape of the global market for protein ingredients is highly diversified, finds a new report by Transparency Market Research (TMR). The top three partcipants, namely, Cargill Inc., Glanbia Plc, and Kerry Group Plc. held a share of 38% in the overall market in 2015. Product innovation is the key strategy adopted by the leading players in this market for their business growth. With the increasing number of new entrants, the competition within the market is likely to intensify over the next few years, states the research report. 

According to the study, the overall opportunity in the global market for protein ingredients was US$31.8 bn in 2016, which is anticipated to rise at a CAGR of 6.50% during the period from 2017 to 2027 and reach a value of US$64.35 bn by the end of the forecast period. Animal proteins enjoy a higher demand compared to plant protein and this trend is expected to remain so over the forthcoming years, notes the study.  

Global Protein Ingredients Market

Infant Nutrition Products and Protein and Nutritional Bars to Register High Demand 

The report considers supplements and nutritional powders, beverages, protein and nutritional bars, bakery and confectionery, breakfast cereals, meat and meat products, dairy products, infant nutrition, and animal feed as the key application areas for protein ingredients. The demand for infant nutrition products and protein and nutritional bars is expected to grow at high rates. 

In terms of the geography, the report considers the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific as the main segments of the worldwide market for protein ingredients. In 2016, North America dominated the overall market with a revenue contribution of US$11.96 bn. With the rising health consciousness and the growing awareness level among consumers regarding the positive effect of protein consumption on health this regional market is likely to remain on the top over the next few years. Europe and Asia Pacific are also projected to witness significant growth in their respective market for protein ingredients in the years to come, notes the research study. 

Rising Awareness Regarding Health and Fitness to Fuel Demand 

“The rising awareness among consumers pertaining to health and fitness has fueled the demand various proteins, leading to a remarkable rise in the global market for protein ingredients,” states the author of the study. The growing popularity of soy and pea proteins and the rising consumption of eggs and dairy products are likely to support the growth of this market during the forecast period. 

The high usage of protein supplements by sports persons and athletes will also reflect greatly on the demand for these ingredients in the near future. However, the volatility in the production costs may limit the market’s growth in the year to come, report the study. 

The study presented here is based on a report by Transparency Market Research (TMR), titled “Protein Ingredients Market (Product - Animal Protein (Whey Protein, Casein and Caseinates, Milk Protein, Egg Protein, and Gelatin) and Plant Protein (Soy Protein, Wheat Protein, and Pea Protein); Form - Isolate and Concentrate; Application - Supplements and Nutritional Powders, Beverages, Protein and Nutritional Bars, Bakery and Confectionery, Breakfast cereals, Meat and Meat Products, Dairy Products, Infant Nutrition, and Animal Feed) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017- 2027.” 

The global protein ingredients market is segmented into: 

By Product Type

  • Animal Protein
  • Whey Protein
  • Casein and Caseinates
  • Milk Protein
  • Egg Protein
  • Gelatin
  • Plant Protein
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Others 

By Form

  • Isolate
  • Concentrate
  • Others 

By Application

  • Supplements and Nutritional Powders
  • Beverages
  • Protein and Nutritional Bars
  • Bakery and Confectionery
  • Breakfast cereals
  • Meat and Meat Products
  • Dairy Products
  • Infant Nutrition
  • Animal Feed
  • Others 

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Nordic
    • Russia
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of APAC
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of MEA

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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