Protein Ingredients Market : In-Depth Qualitative Insights, Historical Data, and Verifiable Projections About Industry Size - TMR

Albany, NY -- (SBWire) -- 11/07/2018 --The global protein ingredients market had gained revenue valued at US$31.8 bn in 2016, which is further expected to grow up to US$64.35 bn by 2027. Such a growth is anticipated to occur alongside a healthy CAGR at 6.50% during a forecast period ranging from 2017 to 2027.

Growing popularity of plant protein ingredients is expected to push certain key products, such as soy and pea proteins to grow at high rates over the forecast period. But this growth is offset by relatively lower overall consumption of plant proteins. Despite the decreasing popularity of gelatin, egg and dairy products are expected to witness considerable demand in the future. Increasing consumer demand for 'purer' products with low processing is enabling development of new products such as micellar casein and native whey. The other factors driving the market are increasing adoption of protein ingredients in food and beverage products, and growing consumer preference for fortified foods or foods enriched with protein ingredients.

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Rise in Awareness about Health and Fitness Stokes Growth

A rising awareness among potential customers regarding fitness and health has consequently led towards a substantial growth witnessed by the global protein ingredients market. This is mainly due to an extensive use of proteins in the form of supplements and foods, owing to their muscle and tissue building properties. Increasing popularity of soy and pea proteins coupled with a higher rate of consumption of dairy products and eggs has also caused the protein ingredients market to gain widespread growth.

The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets. The growing popularity of several sports all over has consequently led towards a surge in the number of sportspersons and athletes. Due to this, a rapid rise in the intake of protein-rich foods by such sportspersons is consequently driving the global protein ingredients market.

A section of report discusses the overall competitive landscape of the protein ingredients market. Every protein type has many market leaders, with most of them belonging to Europe or North America. The market is slightly fragmented in Asia Pacific and Latin America. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market.

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Global Protein Ingredients Market: Segmentation

The report analyses the market share of the protein ingredients on the basis of product type, application, product form and region. On the basis of product type, the market is segmented into plant and animal proteins. Plant protein segment is further sub-segmented into soy, wheat, pea and others while the animal protein segment is further sub-segmented into whey protein, casein and caseinates, egg protein and gelatin. Animal protein segment is estimated to account for around 80% revenue share in the global market over the forecast period. Along with high consumption, the high prices of eggs and dairy proteins is the major factor impacting the animal protein segment. Soy proteins sub-segment accounts for significant value and volume share owing to a historically high usage of soy isolate, concentrates and texturized vegetable proteins.