Published: May, 2018
The global protein ingredients market mainly depicts the presence of a highly fragmented and competitive vendor landscape. This is majorly due to innumerable players operating in the market. Of all the players present in the global protein ingredients market, Kerry Group Plc., Cargill Plc., and Glanbia Plc., are three businesses which held a total share worth 38% in the market in 2015, thus exerting dominion over other players in terms of revenue gained.
Bringing about extensive product innovations for overall development is a prime strategy implemented by most businesses working in the protein ingredients market. Apart from the three key players mentioned above, other businesses present in this market are Archer Daniels Midland Co., DMV International B.V., Davisco Foods International Inc., Solae LLC, Sterling Biotech Ltd., ROQUETTE FRERES S.A., and Arla Food Ingredients.
The global protein ingredients market had gained revenue valued at US$31.8 bn in 2016, which is further expected to grow up to US$64.35 bn by 2027. Such a growth is anticipated to occur alongside a healthy CAGR at 6.50% during a forecast period ranging from 2017 to 2027.
Rise in Awareness about Health and Fitness Stokes Growth
A rising awareness among potential customers regarding fitness and health has consequently led towards a substantial growth witnessed by the global protein ingredients market. This is mainly due to an extensive use of proteins in the form of supplements and foods, owing to their muscle and tissue building properties. Increasing popularity of soy and pea proteins coupled with a higher rate of consumption of dairy products and eggs has also caused the protein ingredients market to gain widespread growth.
The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets. The growing popularity of several sports all over has consequently led towards a surge in the number of sportspersons and athletes. Due to this, a rapid rise in the intake of protein-rich foods by such sportspersons is consequently driving the global protein ingredients market.
Fluctuation in Production Capacity Restrains Protein Ingredients Market
However, volatility in costs or protein products has been notably restraining the global protein ingredients market in recent times. Fluctuation in production capacity of products rich in proteins might disturb the demand and supply rates, thus posing as a key challenge to the market’s growth. Briskly increasing junk food consumption had caused negligence in various communities to stay health and fit. This has ultimately led towards less consumption of protein-rich, healthy foods, thereby restraining the market up to a certain extent. Nevertheless, numerous manufacturers are coming up with less costly products, which is expected to nullify the effects of restraints affecting the global protein ingredients market in forthcoming years.
The above data is collated from a research report released by Transparency Market research, 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.”
- Bringing about extensive product innovations for overall development is a key strategy implemented by most businesses working in the protein ingredients market.
- A rising awareness among potential customers regarding fitness and health has consequently led towards a substantial growth witnessed by the global protein ingredients market.
Key segments of the protein segmentation market:
By Product Type
- Animal Protein
- Whey Protein
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
- Supplements and Nutritional Powders
- Protein and Nutritional Bars
- Bakery and Confectionery
- Breakfast cereals
- Meat and Meat Products
- Dairy Products
- Infant Nutrition
- Animal Feed
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East & Africa
- North Africa
- South Africa
- Rest of MEA
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