Protein Ingredients Market Is Powered by Rising Wellness Quotient and Changing Consumer Preferences
The growing demand for protein-based diet among sport professional and increasing awareness for health & wellness among elder and younger population have led to advancements in extraction technologies by ingredient manufacturers and constant innovations with novel ingredients in plant-based and animal-based protein ingredients. These factors will stimulate the growth of global protein ingredients market. Global market Overview: The total global protein ingredients market was valued at $36,126.0 million in 2017 and is expected to grow at a CAGR of 7.2% to reach $51,040.3 million by 2022 due to demand from both plant-based and animal-based protein ingredients. Global animal protein ingredients market contributed to 75.8% and plant protein ingredients market to 24.2% of the total global protein ingredients market in 2017 in terms of revenue. Preference toward plant-based ingredients is on the rise with increasing awareness on the nutritional benefits and some population opting out to be vegan.
Regional Landscape: Of the total global protein ingredients market, North America contributed to 36.3%, Europe to 32.7%, APAC to 23%, and RoW to 8% by revenue in 2017. The APAC market for protein ingredients is expected to increase by 5% in the next 5 years. In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in protein ingredients market are explored in detail with emphasis on key growth factors across animal-based and plant-based ingredients market and technology and product innovations across different product types.
Research Scope
This research covers the global protein ingredients market. Regions include North America, Europe, Asia-Pacific, and RoW The study is segmented into animal proteins and plant proteins, based on the source. Animal proteins include egg protein, gelatin, and dairy proteins (whey, casein & caseinates, and milk protein concentrate). Plant proteins include soy protein, wheat gluten, pea protein, rice & canola protein, and algae protein. Application scope includes food and beverage, medical nutrition, dairy nutrition, sports nutrition and cosmetic ingredients.
Key Issues Addressed
- What does the future of protein ingredients look like, and what key challenges will impact the market in future?
- How do macroeconomic factors determine the necessity for advancements in technology and new product innovations and how do they impact the final consumer?
- What are the most important product innovations and enabling technologies across animal- and plant-based protein ingredient segments that will see the greatest growth, and how are these likely to change in future?
- What are the primary consumer factors that will contribute to the overall growth and growth mix in the ingredients market for food and beverages?
