According to a report," Soy & Dairy Protein Ingredients Market Analysis By Product (Isolates, Concentrates, Hydrolysates, Casein) And Segment Forecasts To 2020", The global soy and dairy protein ingredient market revenues are expected to reach USD 28.90 billion by 2020, growing at a CAGR of 6.5% from 2014 to 2020. Increasing market acceptance, especially in functional foods and dietary supplements is expected to drive protein ingredient demand over the next six years. Additionally, consumer attitude towards these products has undergone a transition over the last five years; this trend is expected to remain strong in the near future as consumers look for healthier and sustainable options.
Key Takeaways from the report:
-
The global demand for protein ingredients was 3,186.7 kilo tons in 2013 and is expected to increase to 4,583.1 kilo tons by 2020, growing at a CAGR of 5.4% from 2014 to 2020.
-
Plant proteins accounted for over 56% of global volumes in 2013, and are expected to continue dominating the market over the next six years, growing at an estimated CAGR of 6.3% from 2014 to 2020.
-
Plant protein ingredients were dominated by soy based products, accounting for over 70% of global volumes in 2013. Global demand for soy protein concentrates is expected to reach 967.6 kilo tons in 2020, growing at an estimated CAGR of 6.3% from 2014 to 2020.
-
Europe was the largest market for protein ingredients in 2013, accounting for 45% of the global consumption. Asia Pacific is expected to be the fastest growing regional market, with revenues is expected to reach USD 5.53 billion in 2020.
-
The global market is highly concentrated with top four participants catering to over 70% of global demand. The market is dominated by integrated participants such as DuPont Solae, Bunge, ADM and Cargill.
Application Highlights
Food and beverage was the largest consumer of protein ingredients accounting for over 50% of global demand in 2013. The increasing demand for functional foods in developed countries is expected to have a positive impact on the market over the next six years. Infant formulation was the second largest application segment accounting for 20% of global protein ingredient consumption in 2013. The other key application segments include personal care, cosmetics and animal feed.
Ask Our Industry Expert for more details on report – www.grandviewresearch.com/inquiry/51/ibb
Regional Outlook
Europe was the largest regional market for protein ingredients accounting for over 45% of global demand in 2013. The high share can be attributed to growing consumer awareness regarding health benefits of protein coupled with growth in applications such as food and beverage and cosmetics. Asia Pacific is expected to register fastest growth, at an estimated CAGR of 6.4% from 2014 to 2020 owing to growing exports and domestic demand.
Grand View Research has segmented the global protein ingredients market on the basis of product, application and region:
Soy protein ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2012 - 2020)
• Soy Protein Concentrates
• Soy Protein Isolates
• Soy Protein Hydrolysates
• Other Plant Proteins (Wheat, Rice, Potato)
• Total
Soy protein ingredients Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2012 - 2020)
• Foods & Beverages
• Infant formulations
• Personal care & cosmetics
• Animal Feed
Dairy protein ingredients market Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2012 - 2020)
• Milk Protein Concentrates/Isolates
• Whey Protein Concentrates
• Whey Protein Hydrolysates
• Whey Protein Isolates
• Casein/Caseinates
Dairy protein ingredients Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2012 - 2020)
• Foods & Beverages
• Infant formulations
• Personal care & cosmetics
• Animal Feed
Regional coverage of the database includes:
• North America
• Europe
• Asia-Pacific
• RoW
Browse Latest Research Insight:
Are We Moving Towards ‘Probiotics A Day, Keeps The Doctor Away’ Scenario? - Probiotics are essentially supplementary bacteria, intake of which can boost healthy body functions, immunity balancing or contain adverse health conditions. Research and development are discovering new avenues for probiotic usage.
Technical Ceramics: Effective Alternatives To Plastics And Steel - The global technical ceramics market has been witnessing significant growth over the past few years on account of its superior properties including low thermal expansion, robustness, high-temperature stability, and superior electrical properties ranging from semiconductors to insulators and highly conductive materials
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunity.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email:Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/protein-ingredients-industry
