The demand for protein hydrolysate ingredients is expected to grow at a CAGR of 7.25% between 2022 and 2032. The global protein hydrolysate ingredients market size is expected to be worth US$ 595.13 million in 2022, rising to US$ 1,198.35 million by 2032.
The Protein Hydrolysate Ingredients market is experiencing robust growth, fueled by the rising demand for nutrient-dense food products. As health-conscious consumers embrace specialized nutrition, the market is set to expand, especially in clinical nutrition, sports nutrition, and infant formula segments.
“According to a recent FMI research, companies are particularly concerned with minimising the bitter taste of protein hydrolysate. New producers are developing unique components and attempting to develop enzymes that can be added to meals and beverages without altering the flavour of the finished product.” – FMI Analyst
Key Takeaways:
- Nutrient-Dense Demand: The market thrives on the increasing demand for nutrient-dense food products, with protein hydrolysate ingredients playing a pivotal role.
- Vegan Surge: The growth of the vegan population globally propels the demand for plant-based protein hydrolysates, reflecting the market’s responsiveness to evolving dietary preferences.
- Specialized Nutrition Boom: Rising consumer interest in specialized nutrition opens up new opportunities for protein hydrolysate ingredient companies, particularly in the food industry.
- Clinical Nutrition Growth: The market witnesses a surge in sales in clinical nutrition, driven by efforts to create less viscous sip feeds for the elderly, aligning with the ageing population’s focus on a healthy lifestyle.
- Healthy Lifestyle Awareness: Growing awareness of healthy lifestyles and increased participation in sports contribute to the popularity of protein hydrolysate ingredients, reinforcing their connection to health and nutrition.
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Regional Insights:
- North America’s Dominance: The North American protein hydrolysate ingredient market is poised to develop at a robust 7.90% CAGR during the forecast period, with the United States leading global sales.
- China’s Emergence: China is anticipated to become a significant market for protein hydrolysate components, driven by growing awareness of child health issues and the demand for organic infant formula.
- European Growth: Europe is expected to grow at a healthy 6.90% CAGR, with the United Kingdom and Germany emerging as the largest producers and exporters in the market.
Market Dynamics:
- Milk-based Dominance: Milk-based protein hydrolysates dominate the market, showcasing their prominence in the industry.
- Profitable Segments: Clinical nutrition, sports nutrition, and infant formula emerge as the most profitable end-user categories in the protein hydrolysate components market.
- Powder Prowess: Powder forms lead the market due to their ease of blending with various foods and beverages, along with an extended shelf life compared to liquid forms.
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Competition Landscape in the Protein hydrolysate ingredients market
Leading competitors in the protein hydrolysate ingredients market continue to invest heavily in R&D efforts to offer products with lower bitterness. Furthermore, as social media and modern technology grow, more individuals throughout the world are purchasing infant formula and sports nutrition from online stores. The huge increase in online sales of protein hydrolysate ingredients is expected to help key players in the protein hydrolysate ingredients market financially.
Among the top competitors in the protein hydrolysate ingredients market are Arla Food Ingredients, Costantino & C. spa, Armor Proteines, Kerry Group Plc, Glanbia Plc, Carbery Group Limited, Davisco Foods International, Inc., Hilmar Ingredients, FrieslandCampina N.V., Tate & Lyle plc, Abbott Laboratories, Agropur Inc., Danone S.A., and Fonterra Co-operative Group Limited.
Recent Developments in the Protein hydrolysate ingredients market:
- Pevesa Biotech, a Spanish company that specialises in non-allergenic and organic plant protein components for newborn, general, and therapeutic nutrition, was purchased by Kerry in 2020.
- The regional collaboration between FrieslandCampina Ingredients and IMCD in Indonesia was expanded in 2020. Through this collaboration, it strengthens its footprint in one of the most rapidly growing performance and active nutrition markets.
- In August 2019, Parabel USA Inc. announced the introduction of a pure protein hydrolysate from water lentils that is colourless and designed to serve as an allergen-free replacement to other plant proteins such as soy and pea.
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Protein Hydrolysate Ingredients Market by Category
By Ingredient Type:
- Milk
- Whey
- Casein
- Plant
- Meat
By Product Form:
- Powder
- Liquid
By End Use:
- Infant Formula
- Clinical Nutrition
- Sports Nutrition
- Bakery & Confectionery
- Sauces & Spreads
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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