Protein Hydrolysates Market
Protein Hydrolysates Market - Global Industry Assessment & Forecast
Segments Covered
- By Process Enzymatic Hydrolysis, Acid & Alkaline Hydrolysis
- By Form Powder, Liquid
- By Source Animal, Plant, Microbes
- By Application Sports Nutrition, Infant Nutrition, Dietary Supplements, Nutraceuticals, Others
- By Regions North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 3.25 Billion |
Revenue 2030: | USD 6.25 Billion |
Revenue CAGR (2023 - 2030): | 8.50% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
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Protein Hydrolysates Market: Source, Form, Applications, and Region
Market Synopsis
In 2022, the global protein hydrolysate market is valued at USD 3.25 Billion and is projected reach a value of USD 6.25 Billion by 2030 at a CAGR of 8.50% during the forecast period.
Protein Hydrolysates Market Size, 2022 To 2030 (USD Billion)
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Protein Hydrolysates have been commercialized as nutritional supplements and flavors. In addition, they have been used in cosmetics and pharmaceuticals. The uses of Protein Hydrolysates have been increasing exponentially year by year. This is because the consumers' growing desire to eat healthy food with high nutritional value and a simultaneous decrease in meat consumption has stimulated the demand for functional foods with high nutritional content. Functional soy proteins are one of the major types of Protein Hydrolysates that have gained significant attention from both producers and consumers due to their commercial destination as well as health benefits. In fact, it is considered the most important group of functional plant proteins worldwide.
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Growing Concerns About Animal Health and Environmental Issues to Fuel Demand for Plant Based Protein Hydrolysates
Growing concerns about animal health and environmental issues have led to a ban on using animal proteins in food products. This has increased manufacturers' usage of plant-based ingredients such as vegetable proteins and their derivatives such as soy protein isolates, soy flour, texturized soy protein (TSP), autolyzed yeast extracts, corn gluten meal, wheat gluten proteins etc., which is further expected to fuel the Protein Hydrolysates market during the forecast period. Additionally, rising disposable income in developing countries is expected to boost demand for processed food supported by rising health and wellness concerns among the population. The market is further driven by factors such as increasing preference for vegetarian diets, adoption of vegan or plant-based diets owing to animal welfare issues, growing geriatric population base due to increased life expectancy rates, large pool of young working population with high purchasing capacity etc.
Segmentation
Global protein hydrolysate market is segmented based on type, source, application, form, process, and geography. Based on process, the market is bifurcated into enzymatic hydrolysis, acid & alkaline hydrolysis. Based on the form, the market is bifurcated into powder and liquid. Based on source, the market is bifurcated into animal, plant, microbes. Based on type, the market is bifurcated into milk protein hydrolysate, plant protein hydrolysate, and animal protein hydrolysate. Based on application, the market is bifurcated into sports nutrition, infant nutrition, dietary supplements, nutraceuticals, others.
Growing Demand for Animal Protein Hydrolysates
The growing demand for animal Protein Hydrolysates is a key factor stimulating the market. Animal proteins have several benefits over plant-based proteins, including better amino acid profile and superior solubility in hot or cold water. This, in turn, makes these products more compatible with various other food ingredients such as thickeners, stabilizers, gelling agents, emulsifiers and other substances. In addition to this, animal proteins can be used to make lactose-free dairy products by removing peptides responsible for milk’s bitter taste. The demand for animal Protein Hydrolysates is likely to increase further due to increasing studies on the health benefits of using them in human nutrition. For instance, nearly half of US adults face anemia-related health problems, according to the CDC (Centers for Disease Control and Prevention). Animal proteins contain high levels of iron, which significantly reduces this risk.
Asia Pacific to Dominate Protein Hydrolysates Market
Many Asia Pacific population enjoy the taste and potential health benefits of Protein Hydrolysates as well as their status as lactose free, fat-free and carbohydrate-free beverages. This is valid for consumers with dietary restrictions such as those who are vegans or those who suffer from lactose intolerance. Popular brands that produce Protein Hydrolysates in the region include Optimum Nutrition Hydro Whey Gold Standard 100% Whey Protein Isolate , MusclePharm Combat Powder , Natures Best Isopure Casein , BSN Syntha 6 Strawberry Milkshake Metabolic Drive Milk Chocolate , EAS AdvantEDGE Carb Control Ready To Drink Shake Rich Dark Chocolate Lean Body Meal Replacement Shake by Doctors' Best .
North America holds second leading position. Nutritionists at Jean Mayer USDA Human Nutrition Research Center on Aging at Tufts University reported that the North America is the largest consumer of Protein Hydrolysates. They also revealed that about 5% of all milk produced in North America was used to produce these beverages. This percentage only accounts for beverages that are commercially available and does not include drinks made from home recipes.
Competitive Landscape
Some of the key players in the global Protein Hydrolysates market are Koninklijke DSM N.V. (Netherlands), Abbott Laboratories (US), FrieslandCampina (Netherlands), Kerry Group (Ireland), and Arla Foods (Denmark), Tate & Lyle plc (UK), Glanbia plc (Ireland), Danone Nutricia (Netherlands), Archer Daniels Midland Company (US), AMCO Proteins (US), Roquette Frères (France), and Hilmar Ingredients (US).
The Protein Hydrolysates is Segmented as Follows:
Parameter
Details
Segments Covered
By Process
By Form
By Source
By Application
By Regions
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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FAQ
Frequently Asked Question
What is the global demand for Protein Hydrolysates in terms of revenue?
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The global Protein Hydrolysates valued at USD 3.25 Billion in 2022 and is expected to reach USD 6.25 Billion in 2030 growing at a CAGR of 8.50%.
Which are the prominent players in the market?
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The prominent players in the market are Koninklijke DSM N.V. (Netherlands), Abbott Laboratories (US), FrieslandCampina (Netherlands), Kerry Group (Ireland), and Arla Foods (Denmark), Tate & Lyle plc (UK), Glanbia plc (Ireland), Danone Nutricia (Netherlands), Archer Daniels Midland Company (US), AMCO Proteins (US), Roquette Frères (France), and Hilmar Ingredients (US)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 8.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Protein Hydrolysates include
- Growing Concerns About Animal Health and Environmental Issues to Fuel Demand for Plant Based Protein Hydrolysates
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Protein Hydrolysates in 2022.