Protein Ingredients Market Scenario
The key driver in the global protein ingredients market are the new technological developments in the protein ingredient industry, rising demand for livestock products and rising demand for superior personal and healthcare products. Furthermore, growth of the functional food & beverage market is also the major factor fuelling the market growth all around the world. However, cultural restriction on the consumption of gelatin is one of the major factor anticipated to hamper the global growth of the protein ingredients market.
Protein Ingredients Market Segmentation
The protein ingredients market is segmented by Form, Source, Application and Geography. Various Forms of protein ingredients are Animal Source (Dairy Protein, Milk Protein, Whey Protein (Whey Protein Concentrate, Egg Protein and Gelatin) and Plant Source (Soy Protein, Wheat Protein and Vegetable Protein). Furthermore, the Source comprises of Dry and Liquid. Likewise, various applications of protein ingredients are Food & Beverages, Cosmetics & Personal Care Products, Feed and Pharmaceuticals. Based on Geography, the Protein ingredients Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Protein Ingredients Market by Geography
Geographically, the protein ingredients market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The Europe region is expected to emerge as the largest market. The high-protein trend in food & beverages and personal care & cosmetics is fuelling a foothold in Germany, as protein claims on food and drink launches continue their development path. Moreover, numerous countries in the Eastern European region are rising rapidly growing the protein demand as well as demand for processed food which is propelling the market.
Protein Ingredients Market Key Players
Some of the major players operating in the global protein ingredients market includes Cargill, ADM, Dowdupont, Kerry Group, Roquette, Arla Foods, Fonterra Co-Operative Group Limited, Frieslandcampina, Omega Protein Corporation, Gelita AG, Kewpie Corporation, Agarna, AMCO Proteins, Hilmar Ingredients, Axiom Foods and Burcon Nutrascience. Major manufacturers are focusing on strengthening their presence in Asia Pacific owing to low manufacturing cost and availability of raw material.
Protein Ingredients Market Report Key Benefits