Global Protein Ingredients Market Growth Analysis By 2025
The Global Protein Ingredients Market Size is projected to reach USD 47.13 billion by 2025. Increasing awareness about healthy eating habits, adoption of strict dietary procedures due to busy lifestyle, technological advancements to produce variety of types and growing demand from different industries including food and beverages, Personal care & cosmetics, and infant formulations.
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Regional analysis shows that North America dominated the global protein ingredients market in 2017 by occupying 37.4% share and is expected to remain in lead during the forecast period. However, Asia Pacific is anticipated to grow at a fastest CAGR in the coming years. China and India are the major markets with larger population and high consumption. Moreover, the consumption of protein ingredients such as egg protein, whey protein, wheat, and soy protein is increasing as people are becoming more health conscious and focusing on health and nutrition products.
Adroit Market Research launched a study titled, “Global Protein Ingredients Market Size 2017 by Ingredient Type (Plant Proteins [Wheat, Soy Protein Isolates, Soy Protein Concentrates, Textured Soy protein, Canola and Pea], Animal & Dairy Protein [Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Gelatin and Casein]), by Application (Foods & Beverages, Infant Formulations, Personal Care & Cosmetics and Animal Feed) by Region and Forecast 2018 to 2025”. The study covers the global protein ingredients market value and volume for a period ranging in between 2015 to 2025, where 2015 to 2017 imply the historical value with forecast between 2018 and 2025. The global protein ingredients market report also includes qualitative insights of the market such as value chain analysis, porters five forces analysis, drivers and restraints.
The global protein ingredients market is highly fragmented as of 2017. The established players are holding major share in different types of ingredients. For instance, Archer Daniels Midland Company is popular for plant based protein ingredients and Arla Food Ingredients major focus is on diary based protein ingredients. Moreover, the companies are expanding their presence in different regions by investing in new plants. In June 2016, Arla Food Ingredients stated a new plant with the investment of USD 52 million in Denmark.
The top players in the global protein ingredients market are Archer Daniels Midland Company, Cargill, Incorporated, Bunge Limited, DuPont, Agropur Cooperative, Omega Protein Corporation, Glanbia plc, CHS Inc., FrieslandCampina DMV and Arla Food Ingredients.
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