Protein Ingredients Market

Protein Ingredients Market by Source (Animal (Dairy, Egg, Gelatin) and Plant (Soy, Wheat, Vegetable)), Form (Dry and Liquid), Application (Food & Beverages, Feed, Pharmaceuticals, and Cosmetics & Personal Care Products), Region - Global Forecast to 2025

Report Code: FB 3470 Apr, 2019, by marketsandmarkets.com

[181 Pages Report] The global protein ingredients market size is projected to grow from USD 49.8 billion in 2019 to USD 70.7 billion by 2025, at a CAGR of 6.0% during the forecast period. The protein ingredients market is driven by factors such as the increasing demand for protein functionalities, awareness about healthy diet & nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and increase in consumption of animal by-products, which are in turn supported by the economic growth, technological advancements, and consumer preference for functional products. However, factors such as stringent government regulations on animal-sourced protein are expected to restrain the market growth of animal protein.

Protein Ingredients Market

See how this study impacted revenues for other players in Protein Ingredients Market

Client’s Problem Statement

Our client, an American egg ingredient producer, was keen to enter the protein isolate market in the US. The senior management needed to make crucial decisions like what offering/value proposition to build for target customers. The client’s major focus was to understand the willingness among target customers in the US to shift from other protein isolates to egg protein isolate.

MnM Approach

MnM assisted the client with an outside-in perspective on the market potential of protein isolates such as whey protein isolate (WPI), pea protein isolate (PPI), soy protein isolate (SPI), and egg protein isolate in the US. Further, we helped them identify the highest potential end-use applications such as bakery & confectionery, beverages, dairy & frozen desserts, sports nutrition, and fortified food. MnM also helped them better understand the regional market scenario, upcoming application segments, and competitor strategies of different players to win in these markets. This helped them devise a targeted product offering.
MnM also interviewed a host of potential customers in end-use industries to understand their unmet needs, demand for various protein isolates, what they looked for in different types of protein isolates, a comparison of egg protein isolate with whey protein isolate, and how much they are ready to pay for egg protein isolate/lb. This helped our client refine their value proposition to devise an appropriate market penetration strategy.

Revenue Impact (RI)

Our findings helped the client to penetrate new revenue pockets, with projected revenue of USS 20-25 million in 5 years. The client was able to understand the degree of acceptance among target customers in order to launch the new product (egg protein isolate) and enter the protein isolate business in the US.

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“The plant source of the protein ingredients market is projected to be the fastest-growing, in terms of value.”

The demand for plant sourced protein has increased due to changing consumer preferences from meat to plant-based protein. In addition, plant-based protein ingredients are a major source of protein for vegans worldwide. High nutritional profile, low carbon footprint, and low price of plant-sourced protein are driving the consumption of these proteins. It is also gaining an increasing level of importance due to its lower energy consumption, emissions, land usage, and water consumption; it also offers better input conversion efficiency.

“The dry form is projected to hold the largest market share during the forecast period.”

The dry form or powder form is extracted through a number of downstream processes, which helps to obtain the desired moisture content and protein concentration in the end products. The dry form of protein ingredients is preferred due to its better stability and ease of handling & storage, as compared to the liquid form. Furthermore, they have a longer shelf life compared to the liquid form.

“Animal based proteins are dominating the global protein ingredients market.”

On the basis of source, the market for protein ingredients is classified into animal and plant protein. The demand for animal-based protein ingredients held a dominant share in the protein ingredients market across regions, particularly in North America and Europe, where the consumption of animal-based protein remains high.

“Europe is projected to hold the largest market share during the forecast period.”

Europe is projected to hold the largest market share during the forecast period due to high consumption of animal protein. Consumption is more than twice the global average. The high-protein trend in food & beverages and personal care & cosmetics is gaining a foothold in Germany, as protein claims on food and drink launches continue their growth path. Moreover, many countries in the Eastern European region are growing rapidly increasing the protein demand as well as demand for processed food which is driving the market.

Protein Ingredients Market

Market Dynamics

“Increasing demand for proteins as nutritional and functional ingredients is driving the market”

Protein ingredients sourced from both animals and plants are well-known for their emulsification, gelation/viscosity, water-binding/hydration, foaming, aeration properties; other attributes of protein ingredients include thickening ability, stabilizing ability, and solubility. These functionalities, along with nutritional aspects of proteins, are a major advantage to end-user industries, and are, thus, one of the major market drivers. Another advantage associated with protein sources used for specific functional properties is that they are often less price-sensitive than those that are used only for their nutritional properties. This often benefits the end-user industries with cost advantages. In major applications such as food & beverages, the use of protein ingredients continues to grow with the increasing demand for improved functionalities

Soy proteins with GM origin pose health risks and are a restraint for market growth.”

Research studies have cited many health and environmental risks associated with the production and consumption of genetically modified (GM) commodities including soybeans. There are apprehensions that in the long term, GM soy alters the enzymatic activity and metabolic activity in the liver. Hence, they are opposed by the various industry stakeholders, including regulatory bodies of countries in Europe and Asian Pacific regions, who are demanding non-genetically modified (non-GMO) soybeans.

“Entering new sections through customization is a major opportunity for manufacturers”

Manufacturers have been using functional properties of soy protein ingredients in developing versatile food products. Several new products such as in nut butter, cheese, burgers, and instant oatmeals have been launched by the manufacturers of soy protein ingredients. New sectors such as healthcare foods and sports beverages can provide a better market opportunity for soy proteins. These sectors can boost the growth of soy protein production if they are manufactured in a customized way. With advancements in technology, soy proteins can be isolated and functional properties can be enhanced to provide a wider scope of application.

“Demand based price fluctuations are a major challenge for players in protein ingredients market”

Even though the prices of soy proteins are comparatively lower than most of the proteins, the supply can prove to be a significant factor in price escalation. The raw material for soy protein ingredients is soy meal, which is also highly demanded by the feed industry. Unless there is no drop-in cultivation area under soybeans, the supply is expected to remain unfazed for both feed and protein manufacturers.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast units

Value (USD Million) and Volume (KT)

Segments covered

Application, Source, Form, and Region

Geographies covered

North America, Europe, Asia Pacific, South America, and RoW

Companies covered

Cargill (US), ADM (US), DowDuPont (US), Kerry Group (Ireland), Friesland Campina (Netherlands)

Recent Developments:

  • In August 2019, Cargill (US) invested USD 75 million to expand the production capacity for PURIS Pea protein at its Minneapolis facility due to surge in the demand for pea protein. This initiative was strategically taken by witnessing a growing demand for plant-based protein in the North American region. Through this they aim to cater to a large number of customers with tasty, sustainable and label-friendly pea protein across North America.
  • In July 2018, ADM (US) and Cargill (US) launched their new joint venture SoyVen in Egypt to manufacture soybean meal and oil for customers in Egypt. Both the companies hold equal interest in the company. Their production plant is located in Borg Al-Arab whose daily production capacity is doubled to 6,000 MT, witnessing a growing demand for higher-protein soybean meal and oil by the Egyptian customers. This will also lower down the need for imports from the international markets.
  • In November 2017, ADM expanded its ingredient portfolio with the launch of Nutriance, a range of wheat protein concentrates having applications in sports and geriatric nutrition.
  • In April 2017, DowDuPont launched SUPRO XT 55, an isolated soy protein in protein beverages to increase its product portfolio.

Key Questions Addressed by the Report:

  • Who are the major market players in the protein ingredients market?
  • What are the regional growth trends and the largest revenue-generating regions for the protein ingredients market?
  • Which are the major regions for different industries that are projected to witness a significant growth for the protein ingredients market?
  • What are the major types of protein ingredients that are projected to gain maximum market revenue and share during the forecast period?
  • Which is the major type of source where protein ingredients are used that will be accounting for the majority of the revenue over the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 26)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
          Figure 1 Market Segmentation
          Figure 2 Protein Ingredients Market, By Region
    1.4 Periodization Considered
    1.5 Currency Considered
          Table 1 USD Exchange Rates, 2014–2018
    1.6 Stakeholders

2 Research Methodology (Page No. - 30)
    2.1 Research Data
           Figure 3 Protein Ingredients: Research Design
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
                                Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
    2.2 Market Size Estimation
          Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
          Figure 6 Market Size Estimation Methodology: Top-Down Approach
    2.3 Data Triangulation
          Figure 7 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 37)
     Table 2 Protein Ingredients Market Snapshot, 2019 Vs. 2025
     Figure 8 Market Snapshot (2019 Vs. 2025): Plant Protein Segment Projected To Grow At A Higher Rate During The Forecast Period
     Figure 9 Dry Segment to Dominate the Global Market, By Form, 2019 Vs. 2025 (USD Billion)
     Figure 10 Food & Beverages Segment Dominated the Global Market, By Application, 2019 Vs. 2025 (USD Billion)
     Figure 11 Protein Ingredients Market Share (Value), By Region, 2018

4 Premium Insights (Page No. - 41)
    4.1 Attractive Opportunities in this Market
          Figure 12 Rising Demand for Superior Personal and Healthcare Products
    4.2 Protein Ingredients Market: Major Subregional Markets
          Figure 13 Australia & New Zealand is Projected to Grow at the Highest CAGR During the Forecast Period
    4.3 Europe: Protein Ingredients Market, By Application & Country
          Figure 14 Germany and Food & Beverages Accounted for the Largest Shares in the Respective Segments of the European Protein Ingredients Market in 2018
    4.4 Market, By Application & Region
          Figure 15 the Pharmaceuticals Segment is Projected to Grow at the Highest CAGR During the Forecast Period
    4.5 Market, By Source, 2019 Vs. 2025
          Figure 16 Animal-Sourced Protein Ingredients to be Dominant in the Global Market
    4.6 Protein Ingredients Market, By Form & Region
          Figure 17 Europe is Projected to Account for the Major Share in the Global Market Across All Types of Form Through to 2025

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Proteins as Nutritional and Functional Ingredients
                                 Figure 18 Protein Ingredients: Functional Benefits vs Nutritional Benefits
                    5.2.1.2 Consumer Awareness About a Healthy Diet
                                 Table 3 Percentage Share of Health-Related Attributes Influencing Purchasing Decisions
                                 Figure 19 Percentage Share of Nutrients in the Eradication of Major Health Issues
                    5.2.1.3 Growth of the Functional Food & Beverage Market
                    5.2.1.4 New Technological Developments in the Protein Ingredient Industry
                    5.2.1.5 Rising Demand for Livestock Products
                                 Figure 20 Livestock-Based Product Consumption, 1967–2030 (Million Tons)
                    5.2.1.6 Rising Demand for Superior Personal and Healthcare Products
           5.2.2 Restraints
                    5.2.2.1 Soy Proteins With Gm Origin
                    5.2.2.2 Cultural Restriction on the Consumption of Gelatin
           5.2.3 Opportunities
                    5.2.3.1 Growing Potential of Dairy and Plant Proteins
                    5.2.3.2 Entering New Sectors Through Customization
           5.2.4 Challenges
                    5.2.4.1 Fluctuation in Raw Material Prices of Dairy Proteins
                    5.2.4.2 Demand-Based Price Fluctuations in Cropping Pattern
    5.3 Value Chain
          Figure 21 Value Chain: Protein Ingredients Market

6 Protein Ingredients Market, By Source (Page No. - 56)
    6.1 Introduction
          Figure 22 Protein Ingredients Market Share, By Type,  2019 Vs. 2025 (By Value)
          Table 4 Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
    6.2 Animal Source
          Table 5 Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
           6.2.1 Dairy Protein
                    Table 6 Dairy Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
                    Table 7 Market Size for Dairy Protein Ingredients, By Region, 2017–2025 (USD Million)
                    Table 8 North America: Market Size for Dairy Protein Ingredients, By Country 2017–2025 (USD Million)
                    Table 9 Europe: Market Size for Dairy Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 10 Asia Pacific: Market Size for Dairy Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 11 South America: Market Size for Dairy Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 12 RoW: Market Size for Dairy Protein Ingredients, By Region, 2017–2025 (USD Million)
           6.2.2 Milk Protein
                    6.2.2.1 Milk Protein Concentrate
                    6.2.2.2 Milk Protein Isolates
                    6.2.2.3 Milk Protein Hydrolysates
                                Table 13 Milk Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
           6.2.3 Whey Protein
                    6.2.3.1 Whey Protein Concentrate
                    6.2.3.2 Whey Protein Isolates
                                Table 14 Whey Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
                    6.2.3.3 Casein & Caseinates
                                Table 15 Casein & Caseinates Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
           6.2.4 Egg Protein
                    Table 16 Egg Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
                    Table 17 North America: Market Size for Egg Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 18 Europe: Market Size for Egg Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 19 Asia Pacific: Market Size for Egg Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 20 South America: Market Size for Egg Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 21 RoW: Market Size for Egg Protein Ingredients, By Region, 2017–2025 (USD Million)
           6.2.5 Gelatin
                    Table 22 Gelatin Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
                    Table 23 North America: Market Size for Gelatin Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 24 Europe: Market Size for Gelatin Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 25 Asia Pacific: Market Size for Gelatin Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 26 South America: Market Size for Gelatin Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 27 RoW: Market Size for Gelatin Protein Ingredients, By Region, 2017–2025 (USD Million)
    6.3 Plant Source
                    Table 28 Plant Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
           6.3.1 Soy Protein
                    6.3.1.1 Soy Protein Concentrates (SPCS)
                    6.3.1.2 Soy Protein Isolates (SPI)
                    6.3.1.3 Soy Protein Flour
                    6.3.1.4 Others
                                Table 29 Soy Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
                                Table 30 Market Size for Soy Protein Ingredients, By Region, 2017–2025 (USD Million)
                                Table 31 North America: Market Size for Soy Protein Ingredients, By Country, 2017–2025 (USD Million)
                                Table 32 Europe: Market Size for Soy Protein Ingredients, By Country, 2017–2025 (USD Million)
                                Table 33 Asia Pacific: Market Size for Soy Protein Ingredients, By Country, 2017–2025 (USD Million)
                                Table 34 South America: Market Size for Soy Protein Ingredients, By Country, 2017–2025 (USD Million)
                                Table 35 RoW: Market Size for Soy Protein Ingredients, By Region, 2017–2025 (USD Million)
           6.3.2 Wheat Protein
                    Table 36 Wheat Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
                    Table 37 North America: Market Size for Wheat Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 38 Europe: Market Size for Wheat Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 39 Asia Pacific: Market Size for Wheat Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 40 South America: Market Size for Wheat Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 41 RoW: Market Size for Wheat Protein Ingredients, By Region, 2017–2025 (USD Million)
           6.3.3 Vegetable Protein
                    Table 42 Vegetable Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
                    Table 43 Market Size for Vegetable Protein Ingredients, By Region, 2017–2025 (USD Million)
                    Table 44 North America: Market Size for Vegetable Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 45 Europe: Market Size for Vegetable Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 46 Asia Pacific: Market Size for Vegetable Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 47 South America: Market Size for Vegetable Protein Ingredients, By Country, 2017–2025 (USD Million)
                    Table 48 RoW: Market Size for Vegetable Protein Ingredients, By Region, 2017–2025 (USD Million)
                    6.3.3.1 Pea Protein
                                Table 49 Market Size for Pea Protein Ingredients, By Region, 2017–2025 (USD Million)
                    6.3.3.2 Rice Protein
                                Table 50 Market Size for Rice Protein Ingredients, By Region, 2017–2025 (USD Million)
                    6.3.3.3 Potato Protein
                                Table 51 Potato Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
                    6.3.3.4 Canola Protein
                                 Table 52 Canola Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)

7 Protein Ingredients Market, By Form (Page No. - 84)
    7.1 Introduction
          Figure 23 Protein Ingredients Market Share, By Form, 2019 Vs. 2025 (By Value)
          Table 53 Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
    7.2 Dry
          Table 54 Market Size for Dry Protein Ingredients, By Region, 2017–2025 (USD Million)
    7.3 Liquid
          Table 55 Market Size for Liquid Protein Ingredients, By Region, 2017–2025 (USD Million)

8 Protein Ingredients Market, By Application (Page No. - 88)
    8.1 Introduction
          Figure 24 Protein Ingredients Market Size, By Type, 2019 Vs. 2025 (USD Million)
          Table 56 Market Size for Protein Ingredients, By Application, 2017–2025 (USD Billion)
    8.2 Food & Beverages
          Table 57 Protein Ingredients Market Size in Food & Beverages, By Region, 2017–2025 (USD Billion)
    8.3 Cosmetics & Personal Care Products
          Table 58 Protein Ingredients Market Size in Cosmetics & Personal Care Products, By Region, 2017–2025 (USD Billion)
    8.4 Feed
          Table 59 Protein Ingredients Market Size in Feed, By Region, 2017–2025 (USD Billion)
    8.5 Pharmaceuticals
          Table 60 Protein Ingredients Market Size in Pharmaceuticals, By Region, 2017–2025 (USD Billion)

9 Protein Ingredients Market, By Region (Page No. - 95)
    9.1 Introduction
          Table 61 Market Size for Protein Ingredients, By Region, 2017–2025 (USD Million)
          Figure 25 Geographic Snapshot: New Hotspots Emerging in Asia Pacific (2019–2025)
    9.2 North America
          Table 62 North America: Protein Ingredients Market Size, By Country, 2017–2025 (USD Million)
          Table 63 North America: Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
          Table 64 North America: Market Size for Animal Protein Ingredients, By Type, 2017–2025 (USD Million)
          Table 65 North America: Dairy Protein Market Size, By Subtype, 2017–2025 (USD Million)
          Table 66 North America: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
          Table 67 North America: Vegetable Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
          Table 68 North America: Market Size for Protein Ingredients, By Application, 2017–2025 (USD Million)
          Table 69 North America: Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
           9.2.1 US
                    9.2.1.1 Health & Wellness Trend and the Trend of Clean-Label Products and Allergen Concerns Among Consumers, Resulting in the Introduction and Launch of Food Products in Various Product Categories
                                Table 70 US: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 71 US: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.2.2 Canada
                    9.2.2.1 The Rising Production and Processing of the Animal-And Plant-Sourced Protein Have Made Canada an Important Supplier of Protein Ingredients to Global Markets
                                Table 72 Canada: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 73 Canada: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.2.3 Mexico
                    9.2.3.1 Growing Health Consciousness Among Consumers is the Major Factor Driving the Consumption of Proteins in the Country
                                Table 74 Mexico: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 75 Mexico: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
    9.3 Europe
          Figure 26 Europe: Market Share of Key European Countries, 2018
          Table 76 Europe: Protein Ingredients Market Size, By Country, 2017–2025 (USD Million)
          Table 77 Europe: Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
          Table 78 Europe: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
          Table 79 Europe: Dairy Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
          Table 80 Europe: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
          Table 81 Europe: Vegetable Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
          Table 82 Europe: Market Size for Protein Ingredients, By Application, 2017–2025 (USD Million)
          Table 83 Europe: Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
           9.3.1 Germany
                    9.3.1.1 The High-Protein Trend in Food & Beverages and Personal Care & Cosmetics is Gaining a Foothold in Germany, as Protein Claims on Food and Drink Launches Continue Their Growth Path
                                Table 84 Germany: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 85 Germany: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.3.2 France
                    9.3.2.1 The Higher Market Growth Rate of Plant-Sourced Protein Ingredients is Attributed to the Reason That the Production of Animal Protein Generates More Carbon Footprint
                                Table 86 France: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 87 France: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.3.3 UK
                    9.3.3.1 Increasing Awareness About the Health Benefits of Supplement Diets and the Growing use of Protein Ingredients in Functional Food and Beverages
                                Table 88 UK: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 89 UK: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.3.4 Italy
                    9.3.4.1 Increasing Preference for Nutrition-Enriched Ingredients or Functional Ingredients, Such as Protein, That Offer Health Benefitspresent Opportunities for Protein Ingredients Manufacturers
                                Table 90 Italy: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 91 Italy: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.3.5 Spain
                    9.3.5.1 Demand for Lactose-Free Food Products is Gradually Increasing Due to the Health & Wellness Trend
                                Table 92 Spain: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 93 Spain: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.3.6 Rest of Europe
                    9.3.6.1 The Food & Beverage Industry is Rapidly Modernizing, With Significant Investments From Food & Beverage Manufacturers
                                Table 94 Rest of Europe: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 95 Rest of Europe: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
    9.4 Asia Pacific
          Figure 27 Australia & New Zealand to Witness Fastest Growth in the Protein Ingredients Market in Asia Pacific Between 2019 & 2025 (USD Million)
          Table 96 Asia Pacific: Protein Ingredients Market Size, By Country, 2017–2025 (USD Million)
          Table 97 Asia Pacific: Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
          Table 98 Asia Pacific: Animal Protein Market Size, By Type, 2017–2025 (USD Million)
          Table 99 Asia Pacific: Dairy Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
          Table 100 Asia Pacific: Plant Protein Market Size, By Type, 2017–2025 (USD Million)
          Table 101 Asia Pacific: Protein Ingredients Market Size, By Subtype, 2017–2025 (USD Million)
          Table 102 Asia Pacific: Market Size for Protein Ingredients, By Application, 2017–2025 (USD Million)
          Table 103 Asia Pacific: Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
           9.4.1 China
                    9.4.1.1 Chinese Consumers are Adopting Healthy, Nutritious, and Safe Food Items, Demanding Greater Food Quantity and Quality and Changing the Nutrient Content of Their Diets
                                Table 104 China: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 105 China: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.4.2 India
                    9.4.2.1 India is Changing Consumer Attitudes and Their Preferences; Consumers are Opting for Healthy and High-Quality Products
                                Table 106 India: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 107 India: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.4.3 Japan
                    9.4.3.1 The Demand for Processed Milk Proteins has Been Increasing Due to a Rise in Demand for Clinical Nutrition and Dietary Supplements
                                Table 108 Japan: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 109 Japan: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.4.4 Australia & New Zealand
                    9.4.4.1 The Reason That Consumers are Increasingly Shifting Toward Clean Eating, and Allergen-Free Products (Largely Gluten-Free Products)
                                Table 110 Australia & New Zealand: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 111 Australia & New Zealand: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.4.5 Rest of Asia Pacific
                    9.4.5.1 The Consumption of Protein Ingredients in These Countries is Also Positively Influenced By Their Usage in Cosmetic and Pharmaceuticals Applications
                                Table 112 Rest of Asia Pacific: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 113 Rest of Asia Pacific: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
    9.5 South America
          Table 114 South America: Protein Ingredients Market Size, By Country, 2017–2025 (USD Million)
          Table 115 South America: Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
          Table 116 South America: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
          Table 117 South America: Dairy Protein Market Size, By Type, 2017–2025 (USD Million)
          Table 118 South America: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
          Table 119 South America: Vegetable Protein Market Size, By Subtype, 2017–2025 (USD Million)
          Table 120 South America: Protein Ingredients Market Size, By Application, 2017–2025 (USD Million)
          Table 121 South America: Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
           9.5.1 Brazil
                    9.5.1.1 The Increasing Level of Protein Consumption Due to Changing Consumer Trends of Consuming Less Sugar and More Protein
                                Table 122 Brazil: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 123 Brazil: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.5.2 Argentina
                    9.5.2.1 The Demand for Food & Beverages Will Continue to Grow in the Country, Particularly for Proteins, From Both Animal and Plant Origins
                                Table 124 Argentina: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 125 Argentina: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.5.3 Rest of South America
                    9.5.3.1 The Increasing Consumer Concerns About Health Issues, Protein Deficiencies, and Health & Wellness Have Increased the Consumption of Protein-Based
                                Table 126 Rest of South America: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
                                Table 127 Rest of South America: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
    9.6 Rest of the World
          Table 128 RoW: Protein Ingredients Market Size, By Region, 2017–2025 (USD Million)
          Table 129 RoW: Market Size for Protein Ingredients, By Source, 2017–2025 (USD Million)
          Table 130 RoW: Animal Protein Ingredients Market Size, By Type, 2017–2025 (USD Million)
          Table 131 RoW: Dairy Protein Market Size, By Subtype, 2017–2025 (USD Million)
          Table 132 RoW: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
          Table 133 RoW: Vegetable Protein Market Size, By Subtype, 2017–2025 (USD Million)
          Table 134 RoW: Market Size for Protein Ingredients, By Application, 2017–2025 (USD Million)
          Table 135 RoW: Market Size for Protein Ingredients, By Form, 2017–2025 (USD Million)
           9.6.1 Africa
                    9.6.1.1 Increase in the Regional Economic Co-Operation and Rise in the Intra-African Trade Have Resulted in Investments of Multinational Companies
                              Table 136 Africa: Market Size for Animal Protein Ingredients, By Type, 2017–2025 (USD Million)
                              Table 137 Africa: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)
           9.6.2 Middle East
                    9.6.2.1 Consumption of Protein Ingredients is Also Experiencing a Rise, Largely Due to the Growing Focus of Livestock Rears on Livestock Health and Well-Being
                              Table 138 Middle East: Market Size for Animal Protein Ingredients, By Type, 2017–2025 (USD Million)
                              Table 139 Middle East: Market Size for Plant Protein Ingredients, By Type, 2017–2025 (USD Million)

10 Competitive Landscape (Page No. - 142)
     10.1 Introduction
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Dynamic Differentiators
             10.2.3 Innovators
             10.2.4 Emerging Companies
                        Figure 28 Protein Ingredients Market: Competitive Leadership Mapping, 2018
     10.3 Market Share Analysis 
              Figure 29 Market Share of Key Players in the Protein Ingredients Market
     10.4 Competitive Scenario
             10.4.1 Expansions
                       Table 140 Expansions, 2014–2019
             10.4.2 New Product Launches
                       Table 141 New Product Launches, 2016–2017
             10.4.3 Acquisitions
                       Table 142 Acquisitions, 2015–2016
             10.4.4 Agreements
                       Table 143 Agreements, 2016–2017

11 Company Profiles (Page No. - 147)
     11.1 Cargill
             11.1.1 Business Overview
                        Figure 30 Cargill: Company Snapshot
             11.1.2 Products Offered
             11.1.3 Recent Developments
             11.1.4 SWOT Analysis
                        Figure 31 Cargill: SWOT Analysis
             11.1.5 MnM View
     11.2 ADM
             11.2.1 Business Overview
                        Figure 32 ADM: Company Snapshot
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
                        Figure 33 ADM: SWOT Analysis
             11.2.5 MnM View
     11.3 Dowdupont
             11.3.1 Business Overview
                        Figure 34 Dowdupont: Company Snapshot
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
                        Figure 35 Dowdupont: SWOT Analysis
             11.3.5 MnM View
     11.4 Kerry Group
             11.4.1 Business Overview
                        Figure 36 Kerry Group: Company Snapshot
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
                        Figure 37 Kerry Group: SWOT Analysis
             11.4.5 MnM View
     11.5 Roquette
             11.5.1 Business Overview
                        Figure 38 Roquette: Company Snapshot
             11.5.2 Products Offered
             11.5.3 Recent Developments
     11.6 Arla Foods
             11.6.1 Business Overview
                        Figure 39 Arla Foods: Company Snapshot
             11.6.2 Products Offered
             11.6.3 Recent Developments
             11.6.4 MnM View
     11.7 Fonterra Co-Operative Group Limited
             11.7.1 Business Overview
                        Figure 40 Fonterra Co-Operative Group Limited: Company Snapshot
             11.7.2 Products Offered
             11.7.3 Recent Developments
                        Figure 41 Fonterra Co-Operative Group Limited: SWOT Analysis
             11.7.4 MnM View
     11.8 Frieslandcampina
             11.8.1 Business Overview
                        Figure 42 Frieslandcampina: Company Snapshot
             11.8.2 Products Offered
             11.8.3 Recent Developments
             11.8.4 MnM View
     11.9 Omega Protein Corporation
             11.9.1 Business Overview
                        Figure 43 Omega Protein Corporation: Company Snapshot
             11.9.2 Products Offered
             11.9.3 Recent Developments
             11.9.4 MnM View
     11.10 Gelita AG
               11.10.1 Business Overview
                            Figure 44 Gelita Ag: Company Snapshot
               11.10.2 Products Offered
               11.10.3 Recent Developments
     11.11 Kewpie Corporation
               11.11.1 Business Overview
                            Figure 45 Kewpie Corporation: Company Snapshot
               11.11.2 Products Offered
     11.12 Agarna
               11.12.1 Business Overview
                            Figure 46 Agarna: Company Snapshot
               11.12.2 Products Offered
               11.12.3 Recent Developments
               11.12.4 MnM View
     11.13 AMCO Proteins
               11.13.1 Business Overview
               11.13.2 Products Offered
               11.13.3 Recent Developments
     11.14 Hilmar Ingredients
               11.14.1 Business Overview
               11.14.2 Products Offered
     11.15 Axiom Foods
               11.15.1 Business Overview
               11.15.2 Products Offered
     11.16 Burcon Nutrascience
               11.16.1 Business Overview
               11.16.2 Products Offered
               11.16.3 Recent Developments

12 Appendix (Page No. - 182)
     12.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.2 Available Customizations
     12.3 Related Reports
     12.4 Author Details

The study involved four major activities in estimating the current market size for the protein ingredients market. Exhaustive secondary research was done to collect information on the market as well as the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to, so as to identify and collect information for this study. These secondary sources included reports from the Food and Agriculture Organization (FAO), Food Safety Council (FSC), Food and Drug Administration (FDA), European Food Safety Authority (EFSA), Food Standards Australia New Zealand (FSANZ), and Food Standards Agency – UK, were referred to identify and collect information for this study. The secondary sources also included annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The overall protein ingredients market comprises several stakeholders in the supply chain, which include raw material suppliers and manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include animal husbandry companies, large-scale ranches, poultry farms, and researchers. The primary sources from the supply side include producers of protein ingredients, suppliers, distributors, importers, and exporters.

Protein Ingredients Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the global market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through extensive secondary research.
  • The protein ingredients market size, in terms of value, were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. In order to estimate the overall protein ingredients market and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the protein ingredients market, with respect to type, livestock, form, source, and regional markets, over a six-year period ranging from 2019 to 2025
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
  • Identifying and profiling key market players in the global market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the value chain, products, and regulatory frameworks across key regions and their impact on the prominent market players
  • Providing insights into key product innovations and investments in the protein ingredients market

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific protein ingredients market
  • Further breakdown of the Rest of Europe protein ingredients market

Company Information

  • Analyses and profiling of additional market players (up to five)
Report Code
FB 3470
Published ON
Apr, 2019
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