PROTEIN HYDROLYSATE INGREDIENTS MARKET ANALYSIS

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.

Global protein hydrolysate ingredients market was valued at US$ 4275.2 Million in 2021, in terms of revenue, exhibiting a CAGR of 7.09% during the forecast period (2022 to 2030).

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 awareness regarding health and nutritional 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. For instance, In 2020, Kerry acquired Pevesa Biotech, a Spanish company specializing in non-allergenic and organic plant protein ingredients for infant, general, and clinical nutrition

The COVID-19 pandemic has significantly impacted the global protein hydrolysates market. The demand for protein hydrolysate products declined across various end-use markets as major activities were on hold. Consumers were conscious of their expenses due to loss of jobs and income constraints. However, rising awareness about protein diet due to the spread of COVID-19 to boost immunity and surge in plant-based and animal-based protein hydrolysates in the sports industry is expected to boost the market.

Figure 1. Global Protein Hydrolysate Ingredients Market Value Share (%), By Region, 2021

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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.

 Market Trends

• 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 May 2020, Marfrig, producer of hamburgers and one of the largest bovine protein companies and ADM, a global leader in human and animal nutrition announced Plantplus foods, a joint venture that will provide clients in North and South America with plant-based goods.
• 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 Value Share (%), By Application, 2021

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Recent Developments

• In February 2022, Kerry Group Plc., an international leader in taste & nutrition innovation announced to acquire a significant share capital of c-LEcta GmbH, a Germany-based biotechnology company, which specializes in precision fermentation, optimized bio-processing, and bio-transformation for creation of high-value targeted enzymes and ingredients. The company has reached an agreement to acquire 92% share capital of c-LEcta GmbH for a value of US$ 144 million.
• In January 2021, Aker BioMarine, a Norwegian fishing and biotech company launched Invi, a hydrolyzed protein isolate with a complete amino acid profile that is also rich in minerals, including calcium and magnesium.
• In November 2021, Novozymes, a global biotechnology company headquartered in Denmark and Novo Nordisk Pharmatech, a global and leading manufacturer of pharmaceutical ingredients for the pharmaceutical and biopharmaceutical industries announced a strategic collaboration that brings together the companies’ joint competencies and interests in developing specialty enzymes for use in biopharma processing and regenerative medicines. This partnership will allow Novozymes to better serve its customers.

Competitive Section

Major players operating in the global protein hydrolysate ingredients market 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.