The protein ingredients market is expected to register robust growth during 2018 - 2026, thanks to rising new applications for high-quality applications. These new applications will likely drive a robust 7% CAGR growth in the market to help it reach $84 bn in total evaluation.
The rising demand for high-quality protein is not surprising as technical innovation, and a shift in consumer demand towards natural has been major trends in the industry for some time. These trends are most apparent in dairy products, which constitute of a large portion of the goods in the market, and promise an easy method of intake for young-and aged consumers alike.
Moreover, the market is also expected to witness major demand in Asia Pacific. The region home to a large population is undergoing sea changes with rising disposable incomes, growth of daily dairy intake, and continues to promise new opportunities for players in the protein ingredients market. The growth in this region will remain stunted as marketing opportunities remain concentrated in the sphere of social media, wherein flow of information is extremely enriching for consumers.
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Health and Fitness Trends Emerge as Potential Game-Changers
Rising obesity in urban areas has become a global concern. Lack of spaces for children to play, and rising low-quality of healthy foods has resulted in widespread obesity. This can be a major opportunity for players in the protein ingredients market. Products like energy bars or even conventional items like ice-creams are laden with quality proteins to ensure their supplement to health. Moreover, trends like gym, yoga, and rising demand for fitness is expected to drive growth for the protein ingredients market.
Veganism and Clean-Labels Promise More Opportunities for Growth
Rising trends like veganism, organic, and natural food varieties are rising in demand. Even large chains like burger king have focussed on finding meat-free alternatives in the US to meet new demands. This is not surprising as poultry produced mass meat continues to run into several challenges, such as higher-quantities of harmful effects due to red meats among others. The protein ingredients market players can help meeting additional requirements for protein in non-conventional veg foods. The growth of clean-labels and veganism will remain important trends in driving growth for the protein ingredients market.
Global Protein Ingredients Market: Segmentation
The global market for protein ingredients has been segmented as product, application, form, and region.
Protein Ingredients Market by Product
- Animal Protein
- Whey Protein
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
Protein Ingredients Market by Application
- Supplements and Nutritional Powder
- Protein and Nutritional Bars
- Bakery and Confectionery
- Breakfast Cereals
- Meat and Meat Products
- Dairy Products
- Infant Nutrition
- Animal Feed
- Other Applications
Protein Ingredients Market by Form
- Other Forms
Protein Ingredients Market by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Australia and New Zealand
- Rest of APAC
- Middle East & Africa
- North Africa
- South Africa
- Rest of MEA
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