Protein Ingredients Market by Source and Application – Global Industry Analysis and Forecast to 2025

Las Vegas, NV -- (ReleaseWire) -- 07/11/2017 --A research study titled, "Protein Ingredients Market by Source and Application – Global Industry Analysis and Forecast to 2025" published by Crystal Market Research, states that the protein ingredients market is projected to be around $59 billion by 2025.

Proteins are one of the most vital types of molecules in the human body. They are complex combinations of chemical compounds called amino acids. Some of the amino acids are produced in the human body whereas some have to be obtained from our diet. Proteins are utilized for various purposes in the human body. Many of the hormones in human body such as progesterone and insulin are proteins. Hemoglobin, a blood protein carries out oxygen transport to the cells. Muscle proteins such as my oglobin are responsible for our ability to move. Proteins such as RNA and DNA present in the nuclei of the cells are responsible for the genetic code.

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Animal proteins segment occupied a significant share of the global market in 2016, due to the rising consumption of dairy products and eggs worldwide and superior nutritional profile as compared to plant protein. Egg protein segment in animal proteins market will show the fastest growth during the forecast period with major use in baked items, sports food, and ice cream. Canola proteins market will experience a favorable growth during the forecast period with Canada, France, Germany, and India being the major canola producing countries.

Food and beverage segment accounted for the largest share of the protein ingredients market. This is attributed to factors such as increase in demand for functional foods and rising health consciousness among consumers leading to preference for nutritious diets. The personal care and cosmetics market will witness highest growth over the forecast period due to the large scale applications of proteins in sunscreens, shampoos, and different types of skin creams.

U.S. held the major share of the North American protein ingredients market in 2016, due to rising preference of consumers towards healthy product consumption along with government approvals for use in infant formulas and cosmetics. China will witness favorable growth for protein ingredients market during the forecast period owing to a rise in consumer spending on healthcare and increase in purchasing power.

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The key strategy followed by the companies operating in protein ingredients market is mergers and acquisitions. For instance, in September 2014, Omega Protein Corporation acquired Bioregional Food & Science Corp. to expand its portfolio in terms of specialty oils, essential fatty acids, and nutraceutical. In June 2016, Cargill acquired Five Star Custom foods Inc. of Fort Worth to enhance its cooked protein capabilities. Some of the major companies in protein ingredients market are Omega Protein Corporation, Archer Daniels Midland Company (ADM), E. I. duPont de Nemours and Company, Cargill, Kerry Group PLC. Other companies are Fonterra Co-operative Group Ltd., Arla Foods, Kewpie Corporation, AMCO Proteins, GELITA AG, and Hilmar Ingredients.

Key Findings of the Research Study:

-Animal proteins market held over three-fourth share of the protein ingredients market in 2016 due to increased consumption of eggs and dairy products globally.

-Egg proteins dominated the animal proteins market in 2016 holding over two-fifth share due to increasing demand in snacks, bakery products and dietary supplements.

-Canola protein market will exhibit a significant double digit growth rate over the forecast period with Canada being the largest producer of canola followed by Germany, France and India.

-North America held the major share of the global protein ingredients market in 2016 and is expected to lead the market over the forecast period due to increased health consciousness of the people in the region.

-Asia-Pacific market is expected to grow at a fastest rate over the forecast period owing to the rise in consumer preference towards products with healthy ingredients.

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Protein Ingredients Market Segmentation

By Source:

-Plant Proteins
Pea
Textured Soy Protein
Wheat
Soy Protein Concentrates
Soy Protein Isolates
Canola
Others

-Animal Proteins

Whey Protein Concentrates
Whey Protein Hydrolysates
Whey Protein Isolates
Egg Proteins
Milk Protein Concentrates/Isolates
Gelatin
Casein/Caseinates

By Application:

-Cosmetics & Personal Care
-Infant Formulations
-Food & Beverages
-Animal Feeds

By Region:

-North America

U.S
Canada
Mexico

-Europe
Germany
France
UK
Italy
Spain
Rest of Europe

-Asia-Pacific

Japan
China
Australia
India
South Korea
Rest of Asia-Pacific

-Rest of the World

Brazil
South Africa
Saudi Arabia
Turkey
United Arab Emirates
Others

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Related Reports:

Nutraceutical Ingredients Market by Type, Application, Form, and Health Benefit - Global Industry Analysis and Forecast to 2025: https://www.crystalmarketresearch.com/report/nutraceutical-ingredients-market

Pea Protein Market by Product, Form, and Application - Global Industry Analysis and Forecast to 2025: https://www.crystalmarketresearch.com/report/pea-protein-market

Gelatin Market by Raw Material, Function, and Application - Global Industry Analysis and Forecast to 2025: https://www.crystalmarketresearch.com/report/gelatin-market

About Crystal Market Research
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