Global Protein Ingredients Market: High Use of Protein Supplements by Sports Persons and Athletes to Boost Demand, says TMR

Transparency Market Research (TMR) in its latest report, studies the global protein ingredients market. The report is 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.”

The growing health awareness among consumers and rising interest in fitness and physical strength will boost the demand for various proteins. An increase in the consumption of dairy products is expected to aid the growth of protein ingredients market. The popularity of pea and soy proteins is also seeing an upward trend boosting the market. Increasing interest in sports and athletics is creating a heightened demand for protein supplements, which in turn is fueling the demand for protein ingredients. The number of people visiting the gym and fitness centers has increased in the past few years, and this is also spelling growth in the demand for protein supplements as gym trainers often recommend protein supplements. On the other hand, the cost of production is volatile and thus, the market can be restricted due to this constraint.

In this report, the global protein ingredients market is segmented on the basis of product, application, and geography. By application, the infant nutrition products market is expected to witness a strong growth. The protein and nutritional bars market will also receive a boost in the years to come, expanding at a high rate. By product, animal protein is expected to witness a higher demand in the period from 2017 to 2027. On the basis of geography, North America ruled in the protein ingredients market in 2016 and was worth US$11.96 bn. The region is expected to remain the most lucrative segment on account of the growing awareness level among consumers to stay fit and healthy and the realization of the health benefits of consuming protein ingredients. The protein ingredients markets in Europe and Asia Pacific will also witness a healthy growth during the coming years, thus driving the protein ingredients market.

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The top players in the global protein ingredients market are profiled in the report. Some of them are: Solae LLC, Cargill Inc., Archer Daniels Midland Company, Glanbia plc, Kerry Group plc, ROQUETTE FRERES S.A, DMV International B.V, Davisco Foods International, Inc., Sterling Biotech Ltd., and Arla Food Ingredients.

Global Protein Ingredients Market: Increasing Popularity of Soy and Pea Proteins to Boost Market’s Growth, Says TMR

With a large pool of players, the competitive landscape of the global market for protein ingredients is highly diversified, finds a new report by Transparency Market Research (TMR). The top three partcipants, namely, Cargill Inc., Glanbia Plc, and Kerry Group Plc. held a share of 38% in the overall market in 2015. Product innovation is the key strategy adopted by the leading players in this market for their business growth. With the increasing number of new entrants, the competition within the market is likely to intensify over the next few years, states the research report.

According to the study, the overall opportunity in the global market for protein ingredients was US$31.8 bn in 2016, which is anticipated to rise at a CAGR of 6.50% during the period from 2017 to 2027 and reach a value of US$64.35 bn by the end of the forecast period. Animal proteins enjoy a higher demand compared to plant protein and this trend is expected to remain so over the forthcoming years, notes the study.

Infant Nutrition Products and Protein and Nutritional Bars to Register High Demand

The report considers 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 as the key application areas for protein ingredients. The demand for infant nutrition products and protein and nutritional bars is expected to grow at high rates.

In terms of the geography, the report considers the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific as the main segments of the worldwide market for protein ingredients. In 2016, North America dominated the overall market with a revenue contribution of US$11.96 bn. With the rising health consciousness and the growing awareness level among consumers regarding the positive effect of protein consumption on health this regional market is likely to remain on the top over the next few years. Europe and Asia Pacific are also projected to witness significant growth in their respective market for protein ingredients in the years to come, notes the research study.

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Rising Awareness Regarding Health and Fitness to Fuel Demand

“The rising awareness among consumers pertaining to health and fitness has fueled the demand various proteins, leading to a remarkable rise in the global market for protein ingredients,” states the author of the study. The growing popularity of soy and pea proteins and the rising consumption of eggs and dairy products are likely to support the growth of this market during the forecast period.

The high usage of protein supplements by sports persons and athletes will also reflect greatly on the demand for these ingredients in the near future. However, the volatility in the production costs may limit the market’s growth in the year to come, report the study.

The study presented here is based on a report by Transparency Market Research (TMR), 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.”

The global protein ingredients market is segmented into:

By Product Type

• Animal Protein
• Whey Protein
• Casein and Caseinates
• Milk Protein
• Egg Protein
• Gelatin
• Plant Protein
• Soy Protein
• Wheat Protein
• Pea Protein
• Others

By Form

• Isolate
• Concentrate
• Others

By Application

• Supplements and Nutritional Powders
• Beverages
• Protein and Nutritional Bars
• Bakery and Confectionery
• Breakfast cereals
• Meat and Meat Products
• Dairy Products
• Infant Nutrition
• Animal Feed
• Others