Protein Ingredients Market: Current Analysis and Forecast (2021-2027)
$3500 – $6860
Emphasis on Source (Plants, Animals); Form (Dry, Liquid); Application (Food & Beverages, Cosmetics & Personal Care, Animal Feed, Pharmaceuticals); and Region & Country.
The demand for Plant Ingredients Market is increasing on account of the rising awareness regarding nutritional food, healthy diets, advancements in technologies in the protein ingredient industry, and the rising demand for protein functionalities. Moreover, the rising demand for personal care and healthcare products and rising consumption of animal by-products are also propelling the market growth. For instance, Copper peptide-GHK is a type of protein used to improve dermal delivery of trace elements necessary for enzymatic processes (wound healing).
Beauty and Personal Care Market Value Worldwide from 2015-2019, by Category (USD Billions)
Some of the major players operating in the market include DuPont, Rousselot, Fonterra, Archer Daniels Midland Company, Burcon NutraScience, Tessenderlo Group, Kewpie Corporation, Roquette Frères, The Scoular Company, and CHS Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Insights Presented in the Report
“Amongst Source, Animal segment holds the major share.”
Based on Source, the market is fragmented into plants and animals. The animal segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period owing to high nutritional profile than plant protein, rising use in various applications such as functional beverages, and confectionery applications. Moreover, the difficulty in substituting egg and gelatin in the bakery also propels the market growth. As per the Our World in Data, the world produces more than three times the quantity of meat and in 2018, meat production increased to 340 million tonnes.
“Amongst form, the dry segment is anticipated to grow at the highest CAGR during the analyzed period.”
Based on form, the market is fragmented into dry and liquid. The dry segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period due to the ease of handling, and better handling and stability. Moreover, the dry form is having more shelf life compared to the liquid form, hence it is highly preferred by the manufacturers and of pharmaceuticals, feed, and food & beverage.
“Amongst application, food & beverage segment is anticipated to grow at the highest CAGR during the analyzed period.”
Based on Application, the market is fragmented into Food & beverages, Cosmetics & personal care, Animal feed, and Pharmaceuticals. The Food & beverages segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period because rising health concerns and obesity have compelled consumers to focus on healthy diets having high nutrition and low-fat leading to a rise in the consumption of protein ingredients. In 2020, Procter & Gamble and Cargill collaborated to bring nature-powered innovation, fueling the future for more powerful protein products.
“North America signifies one of the largest markets and Europe is expected to be the fastest-growing markets of Protein Ingredients market.”
For a better understanding of the market adoption of Protein Ingredients, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Protein Ingredients market on account of the rising consumption of snacks, cold cereals, and energy bars. Moreover, the rising new product developments in the region also propels the growth of the Protein Ingredients Market. For instance, Enfamil launched a Liquid Human Milk Fortifier High Protein in 2019 which helps to express breast milk for feeding premature and low-birth-weight infants.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Protein Ingredients Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1.1. Market Definitions
1.2. Objective of the Study
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Protein Ingredients Market Study
2.1. Research Methodology for the Global Protein Ingredients Market
2.1.1. Main Objective of the Global Protein Ingredients Market
GLOBAL PROTEIN INGREDIENTS MARKET REVENUE (USD BN), 2019-2027F
8.1. Food & beverages
8.2. Cosmetics & personal care
8.3. Animal feed
9.1. North America Protein Ingredients Market
9.1.1. United States
9.1.3. Rest of North America
9.2. Europe Protein Ingredients Market
9.2.3. United Kingdom
9.2.6. Rest of Europe
9.3. Asia Pacific Protein Ingredients Market
9.3.5. Rest of Asia Pacific
9.4. Rest of the World Protein Ingredients Market
10.1. Demand Side Analysis
10.2. Supply Side Analysis
10.2.1. Top Product Launches
10.2.2. Top Business Partnerships
10.2.3. Top Business Expansions, Investments and Divestitures
10.2.4. Top Merger and Acquisitions
VALUE CHAIN ANALYSIS
GLOBAL PROTEIN INGREDIENTS MARKET TRENDS & INSIGHTS
13.1. Market Drivers
13.2. Market Challenges
13.3. Impact Analysis
GLOBAL PROTEIN INGREDIENTS MARKET OPPORTUNITIES
15.1. Porter’s Five Forces Analysis
15.1.1. Bargaining power of Supplier
15.1.2. Bargaining power of Buyer
15.1.3. Industry Rivalry
15.1.4. Availability of Substitute
15.1.5. Threat of new Entrants
16.4. Archer Daniels Midland Company
16.5. Burcon NutraScience
16.6. Tessenderlo Group
16.7. Kewpie Corporation
16.8. Roquette Frères
16.9. The Scoular Company
16.10. CHS Inc.
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Protein Ingredients market were the three major steps undertaken to create and analyze the adoption of Protein Ingredients for the different applications such as Food & beverages, Feed, Cosmetic & personal care products, and Pharmaceuticals. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Protein Ingredients sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to.
Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Protein Ingredients through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Protein Ingredients market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are Source, Form, Application, and Region. Further country-level analyses were conducted to evaluate the overall adoption of Protein Ingredients in every region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Protein Ingredients. Further, we conducted factor analysis using dependent and independent variables such as the rising demand for protein functionalities, awareness regarding healthy diets, and new technological development in the protein ingredients industry
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Protein Ingredients Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (USD) and the adoption rate of Protein Ingredients across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Protein Ingredients market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Protein Ingredients market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Source, Form, Application, and Region of the Protein Ingredients market.
Main Objective of the Protein Ingredients market Study
The current & future market trends of Protein Ingredients were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Protein Ingredients in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of Source, Form, Application, and Region
- Define and analysis of the regulatory framework for the Protein Ingredients industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Protein Ingredients market for the major region
- Major regions studied in the report include North America (the United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of APAC), and Rest of the World
- Company profiles of the Protein Ingredients market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry