Protein hydrolysate ingredients market

Protein Hydrolysate Ingredients Market, 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), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI4775
150 Pages
Excel & Pdf
Specialty and Fine Chemicals

Summary

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

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.

Protein Hydrolysate Ingredients Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 4275.2 Mn
Historical Data for:	2017-2020	Estimated Year:	2022
Forecast Period 2022 to 2030 CAGR:	7.09 %	Forecast Period:	2022-2030
Geographies covered:	By Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:	By Ingredient Type: Milk Protein Hydrolysate, Whey Protein Hydrolysate, Casein Protein Hydrolysate, Meat Protein Hydrolysate By Product Form: Powder, Liquid, Bar Estimated Year Infant Formula, Clinical Nutrition, Sports & Slimming Food
Companies covered:	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
Growth Drivers:	Rising demand for protein hydrolysate based infant formula Growing consumer awareness regarding health and nutritional 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

Figure 2. Global Protein Hydrolysate Ingredients Market Value Share (%), By Application, 2021

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.

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Protein Hydrolysate Ingredients Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global protein hydrolysate ingredients market size in 2021?

Global protein hydrolysate ingredients market was valued at around US$ 4275.2Million in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

Rising demand for protein hydrolysate based infant formula and growing consumer’s awareness regarding health and nutrition food products are the factors fuelling growth of the market.

What are the trends in the 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.

What are the key factors hampering growth of the market?

Lack of awareness regarding the health benefits of protein hydrolysate among consumers of emerging regions and high cost of the raw material, as well as the production of the formula are factors hindering growth of the market.

Which are the key players in the market?

Major players operating in the 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.

What is the estimated CAGR for the market?

The market is estimated to grow at around 7.09 % CAGR in the forecast period (2022-2030).