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Protein Ingredients - Global Market Trajectory & Analytics

  • ID: 338513
  • Report
  • April 2021
  • Region: Global
  • 755 Pages
  • Global Industry Analysts, Inc
Food, Nutrition & Immunity In the Spotlight During Self-Quarantine

Social, financial, physical, emotional and environmental issues are topping the priority list for consumers. Worries related to finances, childcare, elderly parents, job security, disruption to routine life are all triggers to stress in the current pandemic scenario. Given that stress can weaken the immune system and compromise overall health and wellbeing, consumers are beginning to spend additional time, money and resources on lifestyle changes, routines and food habits to deal with the pandemic. There is renewed focus on eating right as consumers self-quarantine and isolate to tide over the pandemic safely. With social distancing and limiting close contact seen as the only ways to reduce the person-to-person transmission, a large percentage of the world population are self-isolating even as governments cautiously ease lockdowns and open up the economy. Given that social distancing measures cannot continue forever to restrict disease transmission, living with the virus until a vaccine arrives is the harsh reality that faces mankind today. With no clear and effective treatment for the infection available despite accelerated global efforts to develop medical defenses against the virus, people the world over are turning to food, nutrition, exercise and physical well-being to tide over this unprecedented public health crisis. With medicines failing to provide help, lifestyle habits and food are the only options left to strengthen the immune system to fight the virus. Adequate intake of micronutrients like vitamins, minerals, sodium, amino acids are necessary to boost innate and adaptive immunity and ability to fight viral infections. Health foods which were growing in demand even before the pandemic is therefore witnessing significantly higher growth now.

Higher Protein Intake Correlated With Faster COVID-19 Recoveries

High protein & fiber rich foods are prime among the healthy foods popularized to improve immune health. Also with new studies showing a greater role of proteins in speeding uppatientsreco very time from COVID-19. Protein helps boost the body's immune system and replaces damaged body tissues and strengthens muscles. COVID-care hospitals are increasingly providing protein and calorie rich food for in-patients recovering from the infection. The growing number of infections and the rise in the number of recoveries therefore bodes well for protein consumption. With over 5,264,190people recovered and convalescing and with active cases standing at 3,973,840, the demand potential is immense. Healthy people are also increasing their protein and calorie intakes. Demand is therefore rising sharply for protein rich foods, protein supplements and protein fortified foods like bread, cookies, health drinks, etc. Plant based protein supplements are especially witnessing strong demand gains supported by the growing focus on plant proteins among the growing number of self-defined adult vegetarians. The scenario is driving up demand for protein ingredients especially use of soy protein ingredients in dairy replacement, infant foods and meat alternatives. Protein hydrolysates are also emerging as a special nutritional ingredient for the aging population given this demographic cluster's high risk in acquiring the infection.

Protein Ingredients Market to Spike by 11.3% in 2020 & Reach US$73.8 Billion by 2027

The global market for Protein Ingredients against this backdrop is expected to spike by 11.3% in 2020.The market is projected to reach a revised size of US$73.8 Billion by the year 2027, trailing a CAGR of 6.6%. Egg Protein Ingredients, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$28.5 Billion by the end of the analysis period. Few of the factors driving long-term growth include expansion of protein ingredients use in non-food applications such as pharmaceuticals, cosmetics, personal care products and animal feed; focus on weight management and the resulting use of protein ingredients in the food processing sector; active participation in sports and fitness programs against the backdrop of consumer focus on preventive healthcare and wellness and increased demand for whey protein as a key ingredient in functional foods and sports nutrition products. Pea protein ingredients will rise in prominence as a non-dairy muscle builder among the growing base lactose intolerant customers. Pea protein is cherished for its benefits such as hypoallergenic, easy digestibility, easily dispensability in water, low carbohydrate content and rich in branched chain amino acids (BCAAs). Soy proteins will also rise in prominence supported by their widespread availability and favorable clinical research validating its health and nutritional advantages will also generate revenue opportunities in the market. Animal protein ingredients derived from fish, meat, egg, milk and gelatin will continue to dominate the global market supported by advantages such as low cost, easy availability, convenience, better product stability and functionality, ease of formulation, and consistency in performance.

Select Competitors (Total 160 Featured):
  • A&B Ingredients Inc.
  • Agridient Inc.
  • Agropur MSI, LLC
  • AMCO Proteins Company
  • Amway Corporation
  • Archer Daniels Midland Company
  • Arla Foods Ingredients Group P/S
  • Armor Proteines S.A.S.
  • Axiom Foods, Inc.
  • Bunge Limited
  • Burcon NutraScience Corporation
  • Cargill Incorporated
  • CropEnergies AG
  • Darling Ingredients Inc.
  • Rousselot B.V.
  • Sonac
  • DuPont Nutrition & Health
  • Fonterra Co-Operative Group Limited
  • Gelita AG
  • Glanbia Plc
  • Hilmar Ingredients
  • Kerry Group plc
  • Kewpie Corporation
  • Lactalis Ingredients
  • Manildra Group USA
  • Mead Johnson Nutrition Company
  • Michael Foods, Inc.
  • Omega Protein Corporation
  • Roquette Frères SA
  • Sterling Biotech Limited
  • Tessenderlo Group NV
  • PB Leiner
  • The Scoular Company
  • Weishardt Holding SA
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Pandemic Transforms Consumer Perceptions about Health Foods
  • Exhibit 1: Health Foods Buck the Trend of Reducing Consumer Spends Across a Multitude of Categories: US Per Store Average Growth in Sales of Health Foods March-June 2020 (In %)
  • Functional Foods and Immune Boosters Gain Prominence
  • Pandemic Provides New Opportunity to Alternative Meat Options
  • Consumer Focus on Health Drives Sales of Plant-based Protein Foods
  • Sports Nutritional Products Incorporate More of Plant-based Protein Ingredients
  • Protein Ingredients: A Prelude
  • Types of Protein Ingredients
  • Animal Proteins
  • Plant Proteins
  • Outlook
  • Plant Based Proteins Score Over Animal-based Proteins
  • Developing Countries Drive Current and Future Market Growth
  • Food & Beverage Industry Dominates Demand for Protein Ingredients
  • Growing Demand for Protein Sources to Meet Varying Protein Needs of the Ever-Increasing Global Population: Key to Market Growth
  • The Growing Gap between Population and Food Supply
  • Exhibit 2: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Exhibit 3: Undernourished Population Worldwide by Geographic Region: Number of Undernourished People (in Millions)
  • Recent Market Activity
  • World Brands
  • Exhibit 4: Percentage Mix of Protein Ingredient Brands by Country of Origin - USA, Canada, Australia, Italy, and Japan
  • Competitive Landscape
  • Exhibit 5: Market Share of Leading Players in the Global Pea Proteins Market : 2019
  • Exhibit 6: Market Share of Leading Players in the Wheat Proteins Market: 2019
  • Exhibit 7: Market Share of Leading Players in the Global Caseinate Milk Proteins Market: 2019
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Protein-Fortified Supplements Drive Demand for New Protein Sources
  • Protein Emerges as Strong Influencer in Ready-to-Drink Space
  • Growing Consumer Demand for Natural and Minimally Processed Ingredients Augurs Well for market Growth
  • Technology Developments in Protein Ingredients Market
  • Growing Demand for Functional Foods & Beverages Augurs Well for Market Expansion
  • Exhibit 8: Global Functional Drinks Market by Segment: 2020
  • Despite Sustainability Issues, Animal Protein Ingredients Continue to Dominate by a Wide Margin
  • Exhibit 9: Energy, Water, Protein and Fat Content for Meat & Eggs Vis-à-vis Grains, Fruits & Vegetables, and Beverages (per 100 grams)
  • Strong Demand from Developing Nations Drive Egg Proteins Intake
  • Exhibit 10: Global Per Capita Egg Consumption (in Kg per Person per Year) by Geographic Region: 2000, 2005, 2011, 2015 & 2019
  • Highly Developed Milk Industry Drive Demand for Dairy Ingredients
  • Exhibit 11: Major Applications of Whey Protein Concentrates in Food Industry
  • Whey Protein Ingredients: An Important Ingredient in Functional Foods and Sports Nutrition Products
  • Nano Whey Proteins: Opportunities in Beverage Formulations
  • Transforming Diet and Lifestyle Related Trends Spur Demand for Gelatin in Functional Foods & Beverages
  • Exhibit 12: Global Gelatin Consumption by End-use Application: 2019
  • Beverage Producers Focus on Collagen-based Products
  • Low Saturated Fat, Low Cholesterol, and Presence of All Essential Amino Acids Drive Surging Popularity of Plant Protein Ingredients
  • Sustainability and Other Benefits Drive Greater Adoption of Plant Proteins
  • Exhibit 13: Better Efficiency of Plant Protein Sources Compared to Animal Protein Sources: Comparing Water Consumption in Production (in Gallons per Ton) by Protein Source
  • Exhibit 14: Energy Efficiency in Production of Various Protein Sources (in kcal)
  • Soy Proteins Dominate Plant Protein Ingredients Market
  • Exhibit 15: Protein Content in Various Plant-Based Food Types
  • Pea Protein Gradually Gains Prominence over Soy Protein
  • Canola Protein Market: Commercialization Efforts in Full Swing
  • Rice Proteins Emerge as Ideal Alternatives to Various Protein Ingredients
  • Exhibit 16: Average Amount of Protein Present in Different Types of Rice
  • Wheat Proteins: Rising Demand for Nutrition-Rich Products Aids Growth
  • Microalgae: The Next Big Thing in Vegetarian Protein Sources
  • Infant Formula: Protein Ingredients Essential to Improve Nutritional Content
  • Soy-based Infant Formula Gains Popularity
  • Infant Formula to Present Huge Opportunities for Protein Hydrolysate Ingredients
  • Exotic and Artificially Grown Meats and Proteins to Meet Future Food Demand
  • Endurance, Cardiovascular, Bone Health, and Other Wide Ranging Benefits Drive Demand for Protein-Based Sports Nutrition Products
  • Exhibit 17: Global Sports Nutrition Market (2015, 2020 & 2025): Percentage Breakdown of Revenue by Category - Protein & Non-Protein
  • Innovative Plant-Derived Collagen Boosters Witness Increasing Popularity
  • Increasing Incidence of Chronic Diseases: An Important Opportunity Indicator
  • Exhibit 18: Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025, and 2030
  • Exhibit 19: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Osteoporosis Incidence Drives Focus on Protein Rich Products
  • Exhibit 20: Percentage (%) of Women Affected by Osteoporosis
  • Obesity Concerns Raise Significance of Protein Ingredient’s Satiety Features
  • Obesity Statistics
  • Exhibit 21: Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Exhibit 22: Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Whey Protein as an Effective Ingredient for Diabetes Cure Lends Traction to Market Growth
  • Exhibit 23: World Diabetes Prevalence (2000 - 2019)
  • Animal Feed Protein Ingredients Market Offer Huge Untapped Market Growth Potential
  • Alternative Proteins and Meat Substitutes Garner Significant Attention
  • Select Promising Sources of Proteins
  • Gellan Gum: An Effective Solution to Formulation Challenges
  • Protein Ingredient Suppliers Embrace Clean Labeling Transparency
  • Move towards Clean Labels
  • Increasing Affluence of the Ballooning Middle Class Population
  • Exhibit 24: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Exhibit 25: Global Middle Class Spending (in US$ Trillion) by Geographic Region
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Healthy Growth Outlook for US Protein Ingredients Market
  • Rising Demand for Protein-Based Functional Foods Bodes Well for Protein Ingredients Market
  • Myriad Factors Drive Prominence of Plant Proteins in the US
  • Plant-Based Proteins: Ingredient Innovation & Food Formulation
  • Availability in Several Forms and Options
  • Advent of Novel and New Ingredients
  • Soy: From a Humble Beginning to a Giant Market
  • Pea Protein Ingredients: A High Growth Market
  • Dairy Protein Ingredients Find Favor among Americans
  • Whey Protein Ingredient: Health-Conscious Consumers Drive Growth
  • Per Capita Egg Consumption Surges
  • Exhibit 26: Per Capita Eggs Consumption in the United States: 2010-2019
  • Wheat Gluten Market: Commercial Bakeries Aid Demand Growth
  • CANADA
  • Functional Foods & Beverages Market Enhances Demand for Protein Ingredients
  • COVID-19 Pandemic to Accelerate the Demand
  • Canada: A Key Supplier for Functional Ingredients and Foods
  • JAPAN
  • Growing Demand for Functional Foods Augurs Well for Protein Ingredients Market
  • CHINA
  • Protein Ingredients Market in China: An Overview
  • Soy Proteins Market in China: Positioned for Growth
  • Whey Proteins Market Records Steady Growth
  • China: A Major Producer & Consumer of Wheat Gluten
  • Gelatin Demand Continues to Grow in China
  • Sports Nutrition Products: Opportunities for Growth
  • EUROPE
  • Europe: A Mature Protein Ingredients Market
  • Soy Protein Ingredients Market Gains Ground in Europe
  • Whey Protein Ingredients Market: Steady Growth in Store
  • Innovative Health Trends Drive Demand for Protein-Rich Functional Ingredients
  • FRANCE
  • Growing Demand for Functional Foods & Beverages Supports Protein Ingredients Market
  • GERMANY
  • Market Overview
  • ITALY
  • UNITED KINGDOM
  • Health Benefits Drive Demand for Protein Ingredients
  • Increasing Demand for Functional Foods & Drinks Augur Well for the Market
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Asia-Pacific: Market Laden with Opportunities
  • Robust Gains on the Cards for Plant Proteins Market
  • Whey Proteins Find Increased Demand
  • Surging Demand for Functional Foods & Beverages: Favorable Prospects for Protein Ingredients Market
  • AUSTRALIA
  • INDIA
  • India: A Rapidly Growing Market
  • Rising Importance of Soy Products Transforms Domestic Plant Protein Segment
  • Wheat Gluten Market on a Steady Growth Path
  • Established Gelatin Production
  • Rising Demand for Sports Nutrition Products Augurs Well for teh Market
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Demand for Functional Foods & Beverages Fuels Growth in Protein Ingredients Market
  • ARGENTINA
  • BRAZIL
  • Market Overview
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 160
Note: Product cover images may vary from those shown
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