Protein Ingredients Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

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Proteins are the vital structural blocks of body tissue that serves as an energy source. They are polymers of amino acids which are joined by peptide bonds. Proteins are continuously used and lost in human bodies through day to day activities for energy revival and storage. The global protein market is principally seen from nutritional point of view as they are core ingredients of large number of food. Individual workout plans primarily consist of protein intake.

Protein ingredients find widespread usage in personal care and cosmetics industry which is one of the major driving factors for the market. Growing healthcare awareness among people in emerging economies of India, China, Brazil, UAE, Africa, and China boosts the market for protein ingredients. Also, the increased purchasing power of people in aforementioned economies leads to the growth of food & beverages industry, thereby paving the growth for protein ingredients market. The major hindrance for the growth of protein ingredients market is the fluctuating raw material prices across the globe. Also, the demand and supply gap of the grains leads to the high prices of protein ingredients, thereby restraining the market growth. Limited awareness among consumers about the non-soy proteins also hampers the market growth. The manufacturers of protein ingredients have huge opportunity from the untapped nutraceutical sector of Asia-Pacific and Latin America.

The global protein ingredients market can be broadly segmented on the basis of product source, into animal source and plant source. The animal sourced protein ingredients can be further segmented into dairy products, egg protein and gelatin. Milk protein concentrate, whey protein and casein & caseinate are the different types of dairy proteins. Soy protein, wheat protein and vegetable protein are the sub-segments of plant sourced protein ingredients. Soy protein concentrates, soy protein isolates, and textured soy protein are the further segments of soy protein. Pea protein is one of the sources of vegetable sourced protein ingredients. The plant sourced protein ingredients segment is likely to drive the market as they offer low cholesterol and saturated fat content. Also, the demand for these ingredients is expected to grow due to low-cost factor compared to animal sourced protein ingredients.

Geographically, the global protein ingredients market can be segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). Currently, North America commands the largest share in the global protein ingredients market, but is projected to have a stagnant growth in the coming years owing to the matured food & beverages industry in the region. The European market for protein ingredients stood second in the current year. However, the market in European region will witness a slow growth as a result of shift of manufacturers to the Asia-Pacific region. Increased agriculture activities in India and China will boost the market for protein ingredients in the region. Also, the rapidly developing cosmetics and healthcare industry in these countries will drive the market in coming years. The rising awareness towards health, personal care and hygiene in Latin America and African nations drives the healthcare industry, thereby boosting the market for protein ingredients in the region.

Bunge, Scoular, Cargill, Roquette, Burcon NutraScience and Mead Johnson dominated protein ingredients market share. The other players in the global protein ingredients market include Unilever, PepsiCo Inc., Nestlé S.A., Dean Foods, Nellson Nutraceutical LLC, Abbott Nutrition, Hilmar Cheese Company, Milk Specialties Global, Weider Global Nutrition, Hostess Brands, Inc., Showa Sangyo Co., Ltd., Sterling Gelatin, Davisco Foods International, Inc., Ben & Jerry's Homemade Holdings Inc., Beechnut, and Maple Island, Inc.

Market Segmentation

Market by Source of Protein

·         Animal sourced

o   Dairy products

§  Milk protein concentrates

§  Whey protein

§  Casein & caseinates

o   Egg protein

o   Gelatin

·         Plant sourced

o   Soy protein

§  Soy protein concentrates

§  Soy protein isolates

§  Textured soy protein

o   Wheat protein

o   Vegetable protein

§  Pea protein

§  Others

Market by Application

  • Food and beverage
  • Health and personal care
  • Pharmaceutical
  • Animal feed

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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