On
the account of rising occurrences of sports-related physical injuries
in the world, the need for rapid recovery will continue to be
prioritised in the years to come. Presence of protein hydrolysate
ingredients in sports medicine, nutritional supplements as well as
baby food products will continue to gain traction in order to avert
health risks caused to children and adults due to muscle
strain-related injuries. A recent study developed by Future Market
Insights has estimated that in 2016, over 100,000 MT of protein
hydrolysate ingredients were sold through sales of such products. By
the end of 2024, the global
protein hydrolysate ingredients consumption is projected to
reach 135,609 MT in volumes.
With
respect to their forecast report, Future Market Insights predicts
that the global market for protein hydrolysate ingredients, which is
presently valued at an estimated US$ 3.1 billion, will expand at a
robust CAGR of 6.2% to reach US$ 5.1 billion revenues by 2024-end.
Outright
Preference to Milk Protein Hydrolysates
In
2016, nearly 85% of the global protein hydrolysate ingredients
revenues were accounted by milk ingredients, attesting the fact that
more consumers in the world prefer consuming protein hydrolysates in
the form of casein, whey or other milk ingredients. The demand for
meat-based protein hydrolysate ingredients will remain lower owing to
a comparatively sluggish assimilation of proteins after consuming
products derived from such ingredients. Meanwhile, global revenues
raked in from sales of whey protein hydrolysate ingredients will be
expanding at the highest CAGR of 6.7%, reaching nearly US$ 3 billion
market value by the end of 2024. Over the forecast period,
approximately 36,000 MT of casein protein hydrolysate ingredients
will be consumed globally.
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Higher
Demand for Powdered Protein Hydrolysates
Over
two-third of the global protein hydrolysate ingredients market value,
estimated in 2016, was accounted by sales of powder products. The
demand for powder products will remain high throughout the forecast
period on the grounds of soaring consumption of nutrient powders,
powdered baby food products and powdered fitness supplement products
across the globe. However, liquid products containing protein
hydrolysate ingredients will witness an impressive growth in
revenues, registering a 6.3% CAGR by 2024. And, global consumption of
protein hydrolysate ingredients in the form of nutrient bars will
account for sales of nearly 17,000 MT during the projected period.
Infant
Formula – Lucrative Application for Protein Hydrolysate Ingredients
Over
the next decade, the application of protein hydrolysates is likely to
foray into the intricate biotechnology industry as several studies of
hydrolysates are rendering them as a supplement for cell culture and
tissue cultivation. But, production of infant formulas will remain
the key application of protein hydrolysate ingredients through 2024.
Reaching an estimated US$ 3.5 billion market value by 2024-end,
infant formulas will outpace the sports & slimming food segment
at a substantial rate. In fact, the use of protein hydrolysate
ingredients in production of clinical nutrition products will amass
revenues that will be much higher than those harvested through sports
and slimming food applications, during the forecast period.
According
to the report, titled “Protein Hydrolysate Ingredients Market:
Global Industry Analysis & Opportunity Assessment, 2016-2024,”
Future Market Insights estimates that North America and Europe will
collectively dominate the global protein hydrolysate ingredients
market by procuring more than 60% revenue share by 2024. Leading
European dairy product manufacturers such as Armor Proteines
(France), Glanbia Ingredients (Ireland), Carbery Group Limited
(Ireland), and Arla Foods Ingredients Group (Denmark) are observed as
some of the key players in the global protein hydrolysate ingredients
market.
North
America’s protein hydrolysate ingredients market is expected to
attain robust growth on the account of presence of prominent protein
hydrolysate manufacturers such as Abbot Laboratories, PGP
International, Groupe Danone, Davisco Foods International, Inc.,
Kerry Group, and the Hilmar Cheese Company. The protein hydrolysate
ingredients market in Asia-Pacific (APAC) region, on the other hand,
will incur fastest growth in terms of revenues and exhibit expansion
at 7.7% CAGR over the forecast period.
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