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Protein Ingredients - Global Market Trajectory & Analytics

  • ID: 338513
  • Report
  • July 2020
  • Region: Global
  • 478 Pages
  • Global Industry Analysts, Inc
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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$73.8billion 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$28.5billion 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.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

Global Craving for High Protein Diets Spearhead Demand for Protein Ingredients

Protein Continues to Remain a Highly Dynamic Category in the Global Nutrients Market

High Nutritional Value & Functional Advantages of Protein Ingredients Drive Widespread Market Adoption

Food & Beverage Industry Dominates Demand for Protein Ingredients

Growing Demand for Protein Sources for Meeting Varying Protein Needs of the Ever-Increasing Global Population: Foundation for Market Growth

Robust Demand for Protein Shifts Focus on Diversified Protein Sources for Equilibrium

The Protein-Challenge-2040 to Transform Protein Production

Global Food Scenario: Fast Facts

Global Market Outlook

Developed Markets Dominate Sales, while Developing Countries Drive Current and Future Market Growth

Global Competitor Market Shares

Protein Ingredients Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

A&B Ingredients Inc. (USA)

Agridient Inc. (USA)

Agropur MSI, LLC (USA)

Davisco Foods International, Inc. (USA)

AMCO Proteins Company (USA)

Amway Corporation (USA)

Archer Daniels Midland Company (USA)

Arla Foods Ingredients Group P/S (Denmark)

Armor Proteines S.A.S. (France)

Axiom Foods, Inc. (USA)

Bunge Limited (USA)

Burcon NutraScience Corporation (Canada)

Cargill Incorporated (USA)

CropEnergies AG (Germany)

Darling Ingredients Inc. (USA)

Rousselot B.V. (The Netherlands)

Sonac (The Netherlands)

DuPont Nutrition & Health (Denmark)

Fonterra Co-Operative Group Limited (New Zealand)

Gelita AG (Germany)

Glanbia Plc (Ireland)

Hilmar Ingredients (USA)

Kerry Group plc (Ireland)

Kewpie Corporation (Japan)

Lactalis Ingredients (France)

Manildra Group USA (USA)

Mead Johnson Nutrition Company (USA)

MGPI Processing, Inc. (USA)

Michael Foods, Inc. (USA)

Omega Protein Corporation (USA)

Roquette Frères SA (France)

Sterling Biotech Limited (India)

Tessenderlo Group NV (Belgium)

PB Gelatins GmbH (Belgium)

The Scoular Company (USA)

Weishardt Holding SA (France)

3. MARKET TRENDS & DRIVERS

Increasing Incidence of Chronic Diseases and the Urgent Need to Consume Adequate Proteins Drive Healthy Growth in Demand for Protein Ingredients

Adequate Intake of Protein Essential in Combating Chronic Diseases

Increasing Incidence of Chronic Diseases: The Most Important Opportunity Indicator

Despite Sustainability Issues, Animal Protein Ingredients Continue to Dominate by a Wide Margin

Animal-based Proteins Find Widespread Use in Baked Foods

Animal Protein Market Demands Innovative Technologies for Efficiency Gains

Changing Strategies

Generational Change and Regulatory Landscape

Strong Demand from Developing Nations Drive Dominance of Egg Proteins Market

Highly Developed Milk Industry and Myriad Food Applications Drive Demand for Dairy Ingredients

Food and Beverage Applications Drive Growth in Demand for Dairy Ingredients

Milk Protein Hydrolysates (MPH), Milk Protein Isolates (MPI) and Milk Protein Concentrates (MPC) Provide Competitive Advantage

Whey Protein Ingredients: The Most Sought After Ingredient in Functional Foods and Sports Nutrition Products

Gelatin: An Omnipresent Ingredient in Dietary Supplements and Functional Foods & Beverages

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

Plant Proteins Continue to Gain Share from Animal Proteins

Soy Proteins Dominate Plant Protein Ingredients Market

Pea Protein Gradually Gains Prominence over Soy Protein

Canola Protein Market: Commercialization Efforts in Full Swing

Canola Meal Proteins: Research Opens Up New Opportunities

Rice Proteins Emerge as Ideal Alternatives to Various Protein Ingredients

Sprouted Rice Protein: A Major Competitor to Whey Proteins

Wheat Proteins: Rising Demand for Nutrition-Rich Products Aids Growth

Cereals Continues to be the Primary Form of Protein Intake in Developing Countries

Microalgae: The Next Big Thing in Vegetarian Protein Sources

Preference for Functional Foods & Beverages Augurs Well for Market Demand

Functional Dairy Products: Most Innovative Functional Food Category

Demand for Fortified Products beyond Traditional Customers Spurs Demand

Increasing Popularity of Soybean Functional Foods

Protein: Most Important Ingredient in Functional Snacks

Endurance, Cardiovascular, Bone Health, and Other Wide Ranging Benefits Drive Demand for Protein-Based Sports Nutrition Products

Ingredient Finds Acceptance in Sport Nutrition Products

Alternative Proteins and Meat Substitutes Garner Significant Attention

Exotic and Artificially Grown Meats and Proteins to Meet Future Food Demand

Opposition from Animal Right Groups Propel Development of Alternative Protein Sources

Infant Formula: Protein Ingredients Essential to Improve Nutritional Content

Soy-based Infant Formula Gains Popularity

High-Value Ingredients: A Huge Untapped Opportunity

Bright Outlook Projected for Protein-Fortified Supplements

Focus on Affordable, Eco-Friendly, and Healthy Proteins Drive Innovations in Protein Ingredients

Innovative Plant-Derived Collagen Boosters Witness Increasing Popularity

Protein Emerges as Strong Influencer in Ready-to-Drink Space

Recent Plant Protein Innovations

Vegan Protein Revolutionize Food Industry

Lentein Offers Innovative Plant-based Protein for Food & Beverage Industry

Obesity Concerns Raise Significance of Protein Ingredient’s Satiety Features

Epidemic Proportions of Obesity Lead to Increased Focus on Weight Management

Economic Development

Rapid Urbanization

Growing Elderly Population

Favorable Demographic and Economic Megatrends to Positively Influence Protein Ingredients Market

Animal Feed Protein Ingredients Market Offer Huge Untapped Market Growth Potential

Expanding Middle Class Population

Advanced Processing Techniques Results in Highly Functional RuBisCo

US ARS Announces Development of Gluten Free Wholegrain Rice Bread Mix

Raman Spectroscopic Technique Characterizes Milk Proteins

Technology to Modify Functionality of Proteins

New Technology for Replacing Bovine Products from Jintan

Kathabar Absorption Dehumidifier Provides Germ-Free Environment

Fish Proteins in Sperm Preservation

Neo Technology MicroLactin™ Beefs Up

Anti-inflammatory Response of Body

Novel Soluble Milk Protein Concentrate

Blend of Dairy-Soy Protein Enhances Muscle Mass

Continuous Rise in Meat Production Drive Robust Demand for Feed Protein Ingredients

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Protein Ingredients Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Protein Ingredients Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 136

Note: Product cover images may vary from those shown
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