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Global Protein Ingredients Markets 2021 - Pea Protein Ingredients to Drive the Growth of Plant Protein Ingredients

·4 min read

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Global Protein Ingredients Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

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This study primarily focuses on assessing the growth opportunities for the protein ingredients market with respect to animal protein ingredients and plant protein ingredients.

The key driver of the global protein ingredients market is the growing awareness regarding health and fitness among in age group of 20 to 40 years, which drives the demand for sports nutrition products that are convenient for obtaining protein in the diet. The growing food and beverage industry across the globe is also driving the demand for protein ingredients in applications such as bakery, confectionery, and dairy products.

Technological advancement in terms of extraction technologies (cold processing), membrane filtration (micro-filtration), and unique functionalities of proteins are also boosting the growth of the protein ingredients market. Furthermore, the growing flexitarian, vegetarian, and vegan population across the globe, coupled with increasing consumer interest toward meat alternatives and meat analogs are augmenting the growth of the plant protein ingredients market.

In animal protein ingredients, the whey-protein-ingredient category is expected to continue driving the animal protein ingredients market for the next 5 years, owing to its strong preference in high-end applications, such as sports nutrition, medical nutrition, and adult nutrition products. In the plant protein ingredients market, the soy protein ingredient dominates the market due to its excellent amino acid profile and texture characteristics.

However, owing to the concerns related to its GMO characteristics, the use of soy protein is gradually decreasing in developed economies. The pea protein category has been witnessing growing traction in recent years and is expected to show the strongest growth in the coming years due to its consumer-friendly characteristics such as non-GMO, gluten-free, allergen-free, and sustainability.

The animal protein ingredient market in North America and Europe are relatively mature; Asia-Pacific is expected to boost the growth of the animal protein ingredients market in the coming years due to growing economies, rapid industrialization, growing per-capita disposable income, increasing consumer awareness regarding health and fitness, and increasing consumer purchasing power.

For the plant protein ingredients market, North America is expected to dominate the market in the next 5 years due to the growing flexitarian population in the country that is focusing to cut its meat intake and start a plant-based diet.

The COVID-19 pandemic resulted in both positive and negative effects for the protein ingredients market. For the plant protein ingredient market, the pandemic actually resulted in growth in sales volume due to growth in consumer interest toward plant protein.

For the animal protein ingredient market, the pandemic resulted in reduced sales volume to a certain extent due to supply-chain disruption, sudden panic among consumers, and reduced consumer purchasing power on account of job layoffs.

Key Topics Covered:

1. Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?

  • The Strategic Imperative

  • The Impact of the Top Three Strategic Imperatives on the Protein Ingredients Industry

  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis, Protein Ingredients Market

  • Scope of Analysis

  • Market Segmentation

  • Segmentation Description - Animal Protein Ingredients

  • Segmentation Description - Plant Protein Ingredients

  • Segmentation Description - Protein Ingredients

  • Application Description - Protein Ingredients

  • Key Competitors in the Protein Ingredients Market

  • Competitive Benchmarking, Protein Ingredients Market

  • Value Chain, Protein Ingredients Market

  • Forecast Assumptions, Protein Ingredients Market

  • Key Growth Metrics for the Protein Ingredient Market

  • Revenue Forecast, Protein Ingredients Market

  • Unit Shipment Forecast, Protein Ingredients Market

  • Revenue Forecast by Product Type, Protein Ingredients Market

  • Unit Shipment Forecast by Product Type, Protein Ingredients Market

  • Revenue Forecast by Region, Protein Ingredients Market

  • Unit Shipment Forecast by Region, Protein Ingredients Market

  • Revenue Forecast Analysis by Product Type and Region, Protein Ingredients Market

  • Competitive Environment, Protein Ingredients Market

3. Growth Opportunity Analysis, Animal Protein Ingredients

4. Growth Opportunity Analysis, Plant Protein Ingredients

5. Growth Opportunity Universe, Protein Ingredients Market

  • Growth Opportunity 1 - Sport Nutrition Segment to Boost the Growth of the Animal Protein Ingredients Market, 2021

  • Growth Opportunity 2 - Growing Sustainability Concerns and Increasing Health Awareness to Boost the Demand for Plant Protein Ingredients, 2021

  • Growth Opportunity 3 - Pea Protein Ingredients to Drive the Growth of Plant Protein Ingredients, 2021

6. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/z4bkpj

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets