Global Protein Ingredients Market size is expected to reach USD 48.77 billion by 2025. Protein is a macronutrient which is essential to building blocks of the human body. It is generally found in animal product and present in the other sources such as legumes and nuts. Seafood, meat, poultry, beans, grains and dairy products are the good sources of protein. The increasing awareness amongst the consumers, especially for dietary supplements and functional foods is a main factor drive the growth of market in the coming years. The market is expected to register a CAGR of 7.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

There are two types of protein-based products are available such as animal proteins and plant proteins. The animal proteins consist of egg protein, whey protein concentrates, milk protein concentrates/ isolates whey protein hydrolysates, gelatin, whey protein isolates, casein / caseinates and others whereas the plant protein including wheat, soy protein concentrates, textured soy protein, soy protein isolates, pea, canola and others. The “soy protein concentrates” are the high consumed form of plant proteins ingredients and is projected to grow at the higher CAGR in the upcoming period due to it easily digestible and having greater fat retention capacity and higher nutritional level. Also, the soy concentrates are increasingly used in breakfast cereals, baked products, meat products and poultry products.

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Protein ingredients could be explored by application such as infant formulations, foods & beverages, personal care & cosmetics, animal feed, protein & nutritional bars, supplements & nutritional powders, pharmaceuticals, breakfast cereals, bakery & confectionery, dairy products, meat & meat products and others. The “food & beverage” industry is expected to hold the large market share in the years to come owing to the growing population, changing lifestyle of consumers and rising number of cafes & restaurants especially in the emerging countries of India and China.

The factors that play an important role in the growth of this market include increasing demand, growing population, increasing urbanization & industrialization, growing consumer inclination towards healthy food, rising concerns about animal nutrition & health, increasing demand for superior personal & health care products, increasing health consciousness among consumers and increasing demand for processed foods & energy drinks. Moreover, rapidly growing food & beverages industry in Asia Pacific countries including India, Malaysia, China & Indonesia and growing domestic demand for foods & beverages in emerging countries of BRICS are expected to boost the market growth in the upcoming period. In addition, the growing demand for soy proteins for food applications such as snacks, dairy products and sports nutrition will positively contribute to the growth of the protein ingredients market in the next couple of years.

However, fluctuating prices of protein-based products is negatively impacting the growth of protein ingredients industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product type, form, application and geography. The market is classified into form such as isolate, concentrate and others.

North America is expected to hold the large market share in the upcoming period due to increasing consumption of energy bars, snacks & cold cereals, growing demand for high nutritional products, increasing disposable income, new product development, increasing the number of health conscious population and growing food & beverage industry. Asia Pacific is projected to grow at the higher CAGR in the years to come owing to growing exports and domestic demand. The growth of cosmetics & healthcare industries in India, Japan, South Korea and China, coupled with the low manufacturing cost of protein-based products as compared to the U.S. and European countries, is expected to boost the protein ingredients market growth in the upcoming period.

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The key players contributing to the robust development of the protein ingredients industry include DuPont, Archer Daniels Midland Company (ADM) Inc., Cargill Inc., Kewpie Corporation, Kerry Group plc, E. I. du Pont de Nemours and Company, Arla Foods, Bunge Limited, AMCO Proteins, Omega Protein Corporation, GELITA AG, Fonterra Co-operative Group Ltd., Hilmar Ingredients and CHS Inc. The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Protein Ingredients Type Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)
• Plant proteins
• Animal proteins

Plant Protein Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)
• Wheat
• Soy protein concentrates
• Soy protein isolates
• Textured soy protein
• Pea
• Canola
• Others

Animal Protein Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)
• Egg protein
• Milk protein concentrates/isolates
• Whey protein concentrates
• Whey protein hydrolysates
• Whey protein isolates
• Gelatin
• Casein/Caseinates

Protein Ingredients Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)
• Foods & beverages
• Infant formulations
• Personal care & cosmetics
• Animal Feed

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Middle East & Africa

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Global Market Insights, Inc. has added a new report on Protein Ingredients Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Global Protein Ingredient Market size was higher than $22.1 billion for 2015 and forecast to record CAGR of more than 7.1% by end of forecast timeframe. Rising customer consciousness about health advantages from nutrient intake coupled with growing importance of its use in cosmetics segment as well as in food & beverages segment is predicted to industry expansion.

Further, favorable impact on cardiovascular health and diabetes prevention coupled with muscle building has positively stimulated the industry demand. Approvals by European Union and Food & Drug Administration to utilize protein ingredients in customer products coupled with its wider adoption in countries like Canada, Australia and Japan are projected to promote global protein ingredient industry expansion. In addition to this, rising penetration of the application in cosmetic items and personal care items due to its healthy features are projected to propel global protein ingredient market trends.

However, low adoption of other ingredients owing to lack of consciousness can inhibit industry growth. Limited supply of soybean as well as rising demand from alternate applications and channels are key factors projected to affect global protein ingredient market price.

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Global Protein Ingredient Market Share is consolidated. ADM, DuPont, Cargil, Mead Johnson,and Bunge are major market players. Dairy and soy ingredient production is based in Germany, France, Italy, China, India, and the U.S. Many industrial participants in India and China are focusing on raw material trend which will expand manufacturing base in the regions. Other prominent companies include Roquette, Fonterra, Scoular, Burcon, Rouseelot, NutraScience, Kewpie Egg Corporation, Tessenderlo, and Crop Energies Bio Wanze.

Whey protein ingredient are used as food supplement, improve athletic performance, and alternative to milk for people with lactose intolerance. It is beneficial for asthma, weight loss, obesity, cancer patients, preventing allergy, and high cholesterol level. Protein ingredient industry outlook is primarily divided into animal and plant-based sources. These products are mainly used in functional and conventional food with respect to nutritional benefits. Growing incidences of various diseases has led healthcare sector to boost product demand. Intake of protein products help stimulate body muscles and regulates body functions properly.

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Global protein ingredient industry is segmented into North America, MEA, Latin America, Europe and APAC. U.S. protein ingredient market share led the regional industry demand contributing more than $6.6 billion in revenue terms for 2015. Customer choice for healthy items along with government acceptance to utilize these ingredients in infant formulas, food and cosmetics has fueled the regional industry expansion. Europe protein ingredient industry contributed higher than $7.1 billion in terms of revenue for 2015 and is predicted to experience heavy industry expansion.

APAC industry is anticipated to register CAGR of more than 7.1% during forecast timeline owing to heavy food & beverage sales in nations like India, Malaysia, China, Thailand and South Korea. Rise in customer expenditure on food supplements, nutrition and healthcare owing to increase in buying capacity is projected to propel regional industry expansion.

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Market Analysis

Global Soy Protein Ingredients Market is projected to grow at a CAGR of 6.9% over the forecast period. Soy protein is a plant based protein and a best substitute for animal protein. It is extracted from soy meal which is derived from soybean. Soy Protein is used for fortification of several food products and as an alternative to dairy protein. It contains amino acids and is also rich in fiber, iron, calcium, potassium, polyunsaturated fats and lecithin, magnesium and vitamin B. The most commonly used types of soy protein ingredients include soy protein isolates, soy protein concentrates, soy protein flours and others. They have application in various industries such as bakery & confectionery, dairy & frozen desserts, beverages, oils and fats, sweet & savory snacks and others.

North America is dominating the market and is the fastest growing market in Soy protein ingredients over the forecast period 2017-2024. The U.S. is the major contributor of soy protein ingredients market in North America followed by Canada. Canada is projected to be the major market in innovation of soy protein ingredients. The key players are majorly based out of the U.S. and their high focus on R&D is boosting the growth of soy protein ingredients in North America. Around 75% of population in North America are lactose intolerant which turns it to be an opportunistic market for soy protein ingredients market. Moreover, high inclination towards functional food and beverages among the consumers is propelling the growth of the market in this region. However, several substitutes available in plant based protein may hamper the growth of the market. All these factors is projected to grow North America market at a CAGR of 7.5% during the forecast period 2017-2024.

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Major Key Players

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Soy protein ingredients players. It further includes product portfolios, developments of leading players, which includes

Some of the key players profiled in the Global Soy Protein Ingredients Market are Wilmar International Ltd (Singapore), Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), DuPont Nutrition & Health (Denmark), CHS Inc. (U.S.), Kerry Group PLC (Republic of Ireland)

Key Findings

Soy protein ingredient is gaining high traction in infant food formulations in recent years. Canada is projected to be the most innovative country in terms of soy protein ingredients market

Segments

On the basis of type, Soy Protein Ingredients Market is segmented into soy protein isolates, soy protein concentrates, soy protein flour and others which includes soy chunks and soy grits. Soy protein isolates is dominating the market owing to its high protein content. However, soy protein concentrates is projected to witness substantial growth over the forecast period.

Based on the application, soy protein ingredients market is segmented into bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks and others. Beverage segment is dominating the market among others. However, sweet & savory snacks segment is anticipated to grow substantially over the estimated period. Moreover, functional foods and infant food formula are the growing industry in application of soy protein ingredients.

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