Protein Ingredients Market

Cargill (U.S.) and Archer Daniels Midland Company (ADM) (U.S.) are the Top players in the Protein Ingredients Market

The protein ingredients market caters to different industries, including food & beverages, cosmetic & personal care, animal feed, and pharmaceuticals. This market includes players such as Cargill (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc (Ireland), Omega Protein Corporation (U.S.), Fonterra Co-operative Group Ltd. (New Zealand), Arla Foods (Denmark), Kewpie Corporation (Japan), AMCO Proteins (U.S.), GELITA AG (Germany), and Hilmar Ingredients (U.S.). The protein ingredients market is projected to reach USD 58.49 billion by 2022, growing at a CAGR of 6.0% from 2017, in terms of value. In terms of volume, this market is projected to reach 8,713.7 KT by 2022, growing at a CAGR of 4.9% from 2017.

In the food industry, the increasing demand for nutritional food & beverage products and growing health consciousness among consumers are the major driving factors; while in the feed industry, the market is mainly driven by the increasing consumption of livestock products and concern for animal welfare. Furthermore, owing to its growing usage in the cosmetics & personal care and pharmaceutical industries, the protein ingredients market is driven by the rising demand for superior personal and healthcare products. Thus, the growth of these industries is likely to propel the market for protein ingredients.

The market is highly fragmented, with key market players adopting investments and strategic alliances—through expansions & investments and joint ventures, partnerships, collaborations, and agreements - with other players to strengthen their business, to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships.

Cargill (U.S.)

Cargill is involved in the manufacture and marketing of food, agricultural, financial, and industrial products & services. The company’s key business segments include specialty food ingredients & applications and bulk ingredients. It offers its protein ingredient products under the food ingredients & application segment, which has a diverse portfolio of specialty ingredients, ingredient systems, and finished food systems. It offers an extensive range of lecithin products for various applications in the food & beverage industry.

The company is also involved in various strategic growth initiatives, including expansions and acquisitions. It has also been focusing on tapping rural and local markets to increase its global presence. As of December 2016, Cargill set up two R&D facilities in North America and Asia to conduct research on innovation in food ingredients. It also announced expansion of its animal nutrition capabilities in the Philippines, to manufacture premix feed solutions in October 2016. This enabled Cargill to enhance the animal feed application segment to drive the protein ingredients market and meet the increasing demand from domestic customers. As a result of this, the company is able to expand its production capacity and market share.

Archer Daniels Midland Company (ADM) (U.S.)

Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally-derived alternatives to industrial chemicals. The company functions through four segments, namely, oilseed processing, corn processing, wild flavors & specialty ingredients, and agricultural services. It is a leading manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.

In February 2017, ADM entered into a partnership with the University of Illinois, to develop and enhance its product portfolio of high-quality pet food ingredients and premixes. This enables ADM to explore alternative ingredient solutions. The company also entered into an expansion in November 2016 to set up its new feed facility in Illinois, to serve its customers in the U.S. The company has a well-established distribution network of local & international suppliers and distributers in the U.S. and the international markets, which helps it to manufacture and deliver quality products at a reasonable price.

Related Reports:

Protein Ingredients Market by Source (Animal and Plant), Application (Food & Beverage, Animal Feed, Cosmetics & Personal Care, and Pharmaceuticals), and Region - Forecast to 2022

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Report Code
FB 3470
Published ON
Mar, 2017
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