Global Protein Ingredients Market Research Growth, Trend and Forecast 2018
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.
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
The global Protein Ingredients market is segmented on the source, application, and region.
1. By Source:
1.1.1 Dairy Protein
1.1.2 Egg Protein
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
2.4 Animal Feed
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
The major players in the market are as follows:
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.
Research Methodology of Planet Market Reports
Research study on the Protein Ingredients market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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