Description

Proteins are large biomolecules, or macromolecules, act as the building blocks of the human body and also hold huge importance as a fuel source. They are mainly promoted as health and wellness ingredients as they are a part of all the processes happening within cells and they help the consumers maintain a healthy lifestyle. They possess other different qualities such as to fight obesity and diabetes.

MARKET DYNAMICS

With the rise in the awareness amongst the individuals for a healthier life, there has been subsequent rise in the proteins ingredients. A rise in the various health related issues has motivated people to opt for functional food and beverages that contain the right amount of proteins and nutrients. Apart from this with the growing demand of soy proteins used in several food products such as dairy products and snacks, there will be a growth of the market in the near future. Increasing use of protein ingredients in non-food applications such as pharmaceuticals, cosmetics (to prevent skin damage) , personal care products and animal feed also presents new opportunities for growth. The global proteins market is dominated by protein ingredients such as fish, meat, egg, milk and gelatine which are derived from animals. The opportunities for various industry participants is estimated to grow with the increase in spending on research by companies to develop new products.

MARKET SEGMENTATION

The global proteins ingredients market can be segmented on the basis of product, application and region.

On the basis of application-
• Food and Beverages – largest share (50% of global demand)
• Animal Feed
• Personal care and Cosmetics
• Infant formulations – 2nd largest market share (15% of global consumption)

On the basis of product
• Wheat
• Soy protein – highest consumed (30% of global demand)
• Pea
• Canola

On the basis of region-
• North America – largest regional industry (35% of global demand)
• Asia-Pacific
• Europe
• South America
• Africa

GEOGRAPHICAL ANALYSIS

North America accounts for 35% of the global demand which holds for the largest regional market share. This growth can be attributed to the fact that there has been growing consumer awareness regarding healthy diets, supported by the improvement in economic conditions which has led to consumers demanding premium food products with better nutritional value. Europe accounts for the 2nd largest market share among all the countries. On the contrary Asia-Pacific is expected to be a potential market, owing to the rising awareness about health and the increasing disposable incomes in this region.

KEY PLAYERS

The major key players in the global proteins market include Cargill Inc., CHS Inc., Archer Daniels Midland Company, Axiom Foods Inc., Amco Proteins, Arla Foods Ingredients Group P/S, Kerry Group Plc.