Agriculture and Nutrition Opportunity Engine Series—Opportunities in the Global Protein Ingredients Market, Forecast to 2022
The growing demand for protein-based diet among sport professional and increasing awareness for health & wellness among elder and younger population have led to advancements in extraction technologies by ingredient manufacturers and constant innovations with novel ingredients in plant-based and animal-based protein ingredients. These factors will stimulate the growth of global protein ingredients market. Global market Overview: The total global protein ingredients market was valued at $36,126.0 million in 2017 and is expected to grow at a CAGR of 7.2% to reach $51,040.3 million by 2022 due to demand from both plant-based and animal-based protein ingredients. Global animal protein ingredients market contributed to 75.8% and plant protein ingredients market to 24.2% of the total global protein ingredients market in 2017 in terms of revenue. Preference toward plant-based ingredients is on the rise with increasing awareness on the nutritional benefits and some population opting out to be vegan.
Regional Landscape: Of the total global protein ingredients market, North America contributed to 36.3%, Europe to 32.7%, APAC to 23%, and RoW to 8% by revenue in 2017. The APAC market for protein ingredients is expected to increase by 5% in the next 5 years. In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in protein ingredients market are explored in detail with emphasis on key growth factors across animal-based and plant-based ingredients market and technology and product innovations across different product types.
This research covers the global protein ingredients market. Regions include North America, Europe, Asia-Pacific, and RoW The study is segmented into animal proteins and plant proteins, based on the source. Animal proteins include egg protein, gelatin, and dairy proteins (whey, casein & caseinates, and milk protein concentrate). Plant proteins include soy protein, wheat gluten, pea protein, rice & canola protein, and algae protein. Application scope includes food and beverage, medical nutrition, dairy nutrition, sports nutrition and cosmetic ingredients.
Key Issues Addressed
What does the future of protein ingredients look like, and what key challenges will impact the market in future?
How do macroeconomic factors determine the necessity for advancements in technology and new product innovations and how do they impact the final consumer?
What are the most important product innovations and enabling technologies across animal- and plant-based protein ingredient segments that will see the greatest growth, and how are these likely to change in future?
What are the primary consumer factors that will contribute to the overall growth and growth mix in the ingredients market for food and beverages?
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