MRFR (Market Research Future) anticipates the Protein Ingredients Market Share 2020 to advance at a rate of 3.87% from 2016 to 2022 (appraisal period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
COVID-19 Impact on Protein Ingredients Market Share to be Positive
The world is grappling with the aftereffects of the SARS-CoV-2 pandemic, with the possibility of achieving a vaccine soon appearing to be weak. In the meantime, people are focusing on their health by trying to improve their immunity. The lockdown has led to people being confined to their homes, who are now extremely focused on maintaining a healthy lifestyle along with a proper diet, which includes consumption of protein ingredients. As a result, despite the surge in novel coronavirus cases, the demand for protein ingredient products should remain strong throughout the review period.
Host of Benefits Bolsters Application Scope across End-Use Industries
Protein ingredients, whether derived from animals or plants, are known for their viscosity/ gelation, emulsification, aeration, foaming, water-binding/hydration properties. Some other attributes include stabilizing ability, high solubility and thickening ability. In addition to these functionalities, significant nutritional contents of proteins are also fostering their demand across several end-user industries. Protein ingredients also have specific functional applications that prove to be quite cost-effective and are therefore preferred over ingredients that have only nutritional advantages. End-user industries like personal care and cosmetic use protein ingredients for the provision of moisturizing and conditioning in skin and hair care products.
Top contenders active in the worldwide industry are Solae (U.S.), Gushen Biological Technology Group Co., Ltd (China), Archer-Daniels-Midland Co. (U.S.), Solbar (Israel), Shandong Sinoglory Health Food Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Nutripea (Canada), to list a few.
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Protein Ingredients Market Share has been considered for feedstock, form and application.
Feedstock-based segments are pork, wheat, casein, soy, pea, milk, whey, canola, beef, egg, and others. Pea and egg white can portray a growth rate of close to 3.04% and 3.44% respectively between 2016 and 2022. These protein ingredients are the fastest developing segments and are anticipated to seize a share of over 40% by 2022.
Forms in which protein ingredients come include bars, powder, capsules & tablets, ready to drink, and more. Powder together with bars can take the lead in the Protein Ingredients Market Share, having accumulated a share of 60% in 2017. However, the fastest expansion rate will be experienced by the ready to drink segment, followed by bars.
Applications of protein ingredients are pharmaceutical, sport nutrition, functional food, other foods, meat additives, and others. Functional foods and sports nutrition jointly form more than 50% of the total protein ingredients industry. Rising significance of protein in beverage and foods support the mentioned segments’ growth.
Europe clinched the top spot in 2017 with the biggest share of nearly 39.4% in the global market, in terms of volume. Protein Ingredients Market Share supply and demand in Europe is quite huge, in line with the surging nutritional needs for weight management and muscle improvement among fitness conscious consumers. Canola is the most preferred plant protein ingredient while whey is the most sought-after animal-based protein ingredient, with both the segments together accounting for over 50% of the regional market in 2017. The rich protein content trend in personal care & cosmetics and food & beverages industries has gained traction in Germany, which could be a major growth inducer in the following years.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.