The multi-functional nature of protein hydrolysates, ease of incorporation in a wide range of applications, increase in demand for high-protein food, and increased consumption of premium products are the factors driving the market. Increase in awareness with regard to the importance of nutritional food and their rising applications among the global population, fuel the demand for food emulsifiers.
Northrook, IL -- (SBWIRE) -- 10/23/2019 -- The protein hydrolysates market is projected to have a CAGR of 8.56%, to reach USD 4.13 billion by 2023, from USD 2.74 billion in 2018. The demand for protein hydrolysates is projected to be on the rise, owing to factors such as an increase in demand for nutrition-based products—which include clinical nutrition and infant formulas—animal feed, and weight management products. Increased use of premium ingredients with high protein content in nutritional food products creates significant demand for protein hydrolysates around the world. Also, increasing health awareness, leading to the consumption of functional and nutritional food among consumers is another considerable growth driving factors for the global protein hydrolysates market. However, high R&D cost and stringent government regulations have been restraining the growth of this market, worldwide.
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Weight management is projected to be the fastest-growing application in the protein hydrolysates market
The weight management segment is projected to grow at the highest rate between 2018 and 2023, in terms of both volume and value, among all application segments. Owing to benefits such as easy digestibility, demand for protein hydrolysates is significantly growing in weight management products. The most common protein hydrolysates seen in weight management are whey protein hydrolysates.
Asia Pacific is projected to be the fastest-growing regional market
The Asia Pacific market is estimated to be the fastest-growing, in terms of both value and volume, in the global protein hydrolysates market, during the forecast period. This region comprises developing economies such as China, India, and Malaysia as well as Singapore, which are among the fastest growing markets for protein hydrolysates in the region. The increase in population and per capita income in China and India, clubbed with increasing preference for protein hydrolysate products is expected to drive the demand from end-user markets such as animal feed, clinical nutrition, and infant nutrition. China's protein hydrolysates market is projected to grow at the highest rate among Asia Pacific countries during the forecast period.
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Key Players:
The global market for protein hydrolysates is dominated by large players such as Abbott Nutrition (US), Koninklijke DSM N.V. (Netherlands), Kerry Group (Ireland), FrieslandCampina (Netherlands), and Arla Foods (Denmark). Other players include Tate & Lyle PLC (UK), Archer Daniels Midland Company (US), Glanbia PLC (Ireland), and Danone Nutricia (Netherlands).
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