Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Protein hydrolysate ingredients are a mixture of peptides, oligopeptides, and free amino acids which is prepared by partial or extensive hydrolysis. These ingredients are widely used across sports, infant, and functional food products. Milk protein hydrolysate, casein protein hydrolysate and meat protein hydrolysate are some of the types of protein hydrolysate ingredients.
The global protein hydrolysate ingredients market is estimated to be valued at US$ 4,275.2 million in 2021 and is expected to exhibit a CAGR of 6.2 % over the forecast period (2021-2028).
In January 2021, Aker BioMarine launched Invi, a hydrolyzed protein isolate with a complete amino acid profile that is also rich in minerals, including calcium and magnesium.
In April 2019, Arla Foods Ingredients have launched a 100% whey protein hydrolysate solution called Lacprodan HYDRO. Clear, which is specially formulated for fortifying sparkling water with protein. The ingredient is fat, sugar, and lactose-free, with an optimized taste, and long shelf life.
In July 2018, Archer Daniels Midland (ADM) completed the acquisition of Neovia. Neovia had 72 production facilities of animal nutrition solutions across 25 countries in that year.
Europe held dominant position in the global protein hydrolysate ingredients market in 2020, accounting for 33.4% share in terms of value, followed by North America and Asia Pacific, respectively. Increased demand for protein features, recognition of balanced diets and nutritious foods, new technical advances in the protein ingredients industry, increased demand for superior personal care and healthcare products and increased consumption of animal by-products are the key factors owing the growth in the segment during forecast period.
Figure 1. Global Protein Hydrolysate Ingredients Market Value (US$ Mn), by Region, 2020
Global Protein Hydrolysate Ingredients Market: Drivers
Rising demand for protein hydrolysate based infant formula is likely to drive the market growth of the protein hydrolysate ingredients. Increasing lactose intolerance and gastrointestinal disorders in infants is creating a huge demand for protein hydrolysate. Protein hydrolysate can be used to treat various adverse reactions such as phenylketonuria caused due to cow milk. This is expected to fuel the market growth of the protein hydrolysate.
Growing consumer’s awareness regarding health and nutrition’s food products is projected to foster the market growth of protein hydrolysate. Rising use of protein hydrolysate in sports nutrition and diet food products is also expected to augment the market growth of protein hydrolysate. This is attributed to the growing number of consumers participating in sports activities and increasing adoption of a healthy lifestyle.
Global Protein Hydrolysate Ingredients Market: Opportunities
The growing use of whey protein hydrolysates across various nutritional and functional food products is expected to serve major growth opportunities for the market of protein hydrolysate. They have high nutritional value and easy digestibility which makes expand their application in various health nutritional food products. Thus, Whey protein hydrolysates are gaining huge demand in various nutritional products, thereby fueling market growth.
Rising demand for protein hydrolysate in animal feed application is projected to provide lucrative opportunities to the market of protein hydrolysates. Protein hydrolysate is widely used in the preparation of diets for poultry, fish, pigs, and companion animals as they are useful in enhancing the overall health of the animal. Moreover, the growing focus of the manufacturer in adopting effective marketing strategies to promote their brand is further expected to foster market growth.
Protein Hydrolysate Ingredients Market Report Coverage
||Market Size in 2021:
||US$ 4,275.2 Mn
|Historical Data for:
||2017 to 2020
||2021 to 2028
|Forecast Period 2021 to 2028 CAGR:
||2028 Value Projection:
||US$ 6,545.2 Mn
- Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
- By Ingredient Type: Milk Protein Hydrolysate, Whey Protein Hydrolysate, Casein Protein Hydrolysate, Meat Protein Hydrolysate
- By Product Form: Powder, Liquid, Bar
- By Application: Infant Formula, Clinical Nutrition, Sports & Slimming Food
Abbott Laboratories, Danone S.A., Arla Foods Ingredients Group P/S, Kerry Group plc, Davisco Foods International, Inc., Carbery Group, Hilmar Ingredients, Armor Proteins, Glanbia Ingredients, and PGP International
- Rising demand for protein hydrolysate based infant formula
- Growing consumer’s awareness regarding health and nutrition food products
|Restraints & Challenges:
- Lack of awareness regarding the health benefits of protein hydrolysate among consumers of emerging regions
- High cost of the raw material, as well as the production of the formula
Product innovation by the manufacturer is a major trend in the market and this trend is expected to augment the market growth of the protein hydrolysate. For instance, in August 2019, Parabel USA Inc. has launched a neutral-colored pure protein hydrolysate made from water lentils, designed to be an allergen-free substitute for other plant proteins such as soy and pea. This ingredient contains 65-70% hydrolyzed protein, a complete amino acid profile, is highly functional, and can even be used in meat analogues, a burgeoning market.
An increasing number of online shopping stores has increased the product visibility and ultimately sales of the product, this is expected to accelerate the market growth of the protein hydrolysates. According to the U.S. Department of Commerce quarterly ecommerce figures, consumers spent $601.75 billion online with U.S. merchants in 2019, up 14.9% from $523.64 billion the prior year. Thus growing online retail industry is expected to foster the market growth of the protein hydrolysate.
Figure 2. Global Protein Hydrolysate Ingredients Market Share, By Application, 2020
Key Takeaways of the Graph:
- Among application, the infant formula held dominant position in the market and accounted for 66.9% share in the global protein hydrolysate ingredients market in 2020. The segment is expected to reach US$ 4,533.0 million in 2028.
- Protein hydrolysate is used in infant nutrition and is preferred more than standard cow’s milk formulas because it is perceived as being tolerated better and less likely to lead to complications, thus driving the market growth. Also, food innovations to improve infant health, increasing number of working mothers and rising spending power has been fueling the market growth.
Global Protein Hydrolysate Ingredients Market: Restraints
Lack of awareness regarding the health benefits of protein hydrolysate among consumers of emerging regions is expected to act as a restraint for the market growth.
The high cost of the raw material, as well as the production of the formula, is expected to negatively impact the market growth of the protein hydrolysate over the forecast timeframe.
Global Protein Hydrolysate Ingredients Market: Competitive Landscape
Major players operating in the global protein hydrolysate ingredients include, Abbott Laboratories, Danone S.A., Arla Foods Ingredients Group P/S, Kerry Group plc, Davisco Foods International, Inc., Carbery Group, Hilmar Ingredients, Armor Proteins, Glanbia Ingredients, and PGP International.