The global protein ingredients market has been witnessing steady growth over the years, owing to the increasing applications of protein ingredients in sectors such as food and beverage, pharmaceuticals, and cosmetic and personal care.
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The latest report by IMARC Group, titled “Protein Ingredients market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global protein ingredients market reached a value of US$ 41 Billion in 2016. Protein ingredients consist of various amino acids which are required to maintain the protein levels in the human body. They help in improving physical strength, lowering muscle loss with aging, mitigating the risk of chronic diseases and regulating weight. Adequate consumption of proteins also helps in managing stress, improving immunity, and reducing hunger and body fat. Owing to these factors, the demand for protein ingredients has escalated over the years as consumer shift towards healthy diets.
Highlights of the global protein ingredients market:
- Diverse applications of protein ingredients are expected to be the major demand driver.
- Animal proteins account for the majority of the total market share.
- Europe represents the largest market for protein ingredients, holding the majority of the global share.
Protein ingredients are used in various sectors such as food and beverages, pharmaceuticals, cosmetics, personal care, etc. In the food and beverage industry, protein ingredients are widely used for their functional properties in bakery and dairy products, cereals, meat and poultry. Since protein ingredients help in protecting the skin from environmental damage, their demand in the personal care and cosmetics sectors has also been increasing. Additionally, the pharmaceutical sector remains a major driver of the protein ingredients market as these ingredients are used in various supplements, functional foods and nutraceutical products. Moreover, bodybuilders consume various types of proteins, such as whey and casein, as they contain amino acids which aid in enhanced muscle growth and recovery. As a result of these factors, the global protein ingredients market is further expected to reach a value of around US$ 56 Billion, exhibiting a CAGR of more than 5% during 2017-2022.
On the basis of product type, the market is segmented into animal protein which includes egg protein, whey protein, gelatin, casein and milk protein concentrates/isolates; and plant protein which includes wheat protein, soy protein, pea protein and others. Currently, the animal protein segment holds the majority of the total market share. On the basis of applications, the food and beverage sector currently represent the largest application area of the protein ingredients market. Other major sectors include personal care and cosmetics, pharmaceuticals and animal feed. On the basis of region, Europe presently holds for the majority of the total global shares and represents the largest market for protein ingredients. Other major regions include North America, Asia Pacific, Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that the key players include Cargill, Incorporated, Archer-Daniels-Midland Company, Kerry Group, Omega Protein Corporation and Mead Johnson.
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The report by IMARC Group has examined the global protein ingredients market on the basis of:
- Food and Beverages
- Personal Care and Cosmetics
- Animal Feed
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Major Key Players:
- Cargill, Incorporated
- Archer-Daniels-Midland Company
- Kerry Group
- Omega Protein Corporation
- Mead Johnson
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