The global Protein Ingredients market was valued at USD 41.70 billion in 2016 and is projected to reach
USD 69.27 billion by 2025, growing at a CAGR of 5.8% from 2017 to 2025. Protein ingredients form an important component of the rising trend of self medication. The growing health awareness among the population regarding nutrition is expected to play a major role in driving demand for these products. The new product development aimed at inclusion of functional proteins is expected to play a major role in driving market growth.
Market Dynamics: 1. Market Drivers 1.1 Growing demand for functional proteins 1.2 Increasing demand for personal care products 2. Market Restraints 2.1 Stringent regulations regarding animal proteins 2.2 Rising consumer awareness regarding labelling of products
Market Segmentation: The global Protein Ingredients market is segmented on the source, application, and region. 1. By Source: 1.1 Animal 1.1.1 Dairy Protein 1.1.2 Egg Protein 1.1.3 Gelatin 1.2 Plant 1.2.1 Soy Protein 1.2.2 Wheat Protein 1.2.3 Vegetable Protein
2. By Application: 2.1 Cosmetics and Personal Care 2.2 Food and Beverages 2.3 Pharmaceuticals 2.4 Animal Feed 2.5 Others
3. By Region: 3.1 North America (U.S., Canada, Mexico) 3.2 Europe (Germany, UK, France, Rest of Europe) 3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific) 3.4 Latin America (Brazil, Argentina, Rest of Latin America) 3.5 Middle East & Africa
Competitive Landscape: The major players in the market are as follows: 1. Cargill 2. Archer Daniels Midland Company 3. EI Du Pont De Nemours and Company 4. Kerry Group PLC 5. Fonterra Co-Operative Group Ltd. 6. Hilmar Ingredients 7. Gelita AG 8. Amco Proteins 9. Arla Foods 10. Omega Protein Corporation 11. Kewpie Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.