Protein Ingredient Market to witness huge gains from cosmetics & personal care sector by 2024
Category: #business  By Partha Ray  Date: 2019-10-21
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Protein Ingredient Market to witness huge gains from cosmetics & personal care sector by 2024

Global Market Insights, Inc. provides a detailed overview of Protein Ingredient Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Protein consumption varies widely across the world and is one of the hottest functional food ingredient trends in the United States. U.S. alone is projected to consume over 2.2 million tons by 2024. The trend of healthier snacking and the need for effective food intake to combat obesity has driven the regional protein ingredient market to witness a lucrative roadmap over the coming time frame. The regional protein ingredient industry is further predicted to grow, owing to strong innovation trends and new product launches. Increasing awareness pertaining to health and wellness across varied age spectrum will continue to fuel growth of the protein ingredient industry over the coming years.

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To tackle lack of awareness toward proper nutritional intake, companies are focusing on new marketing tactics and advanced product portfolio. Thanks to a greater emphasis on publicizing protein’s health benefits beyond muscle health. Marketers are rapidly targeting a wide spectrum of population groups including millennials, females, and the elderly to increase the awareness levels regarding protein benefits globally. Strict government regulations along with rising consumer awareness have created colossal growth opportunities in Europe, particularly in Germany.

Strong scientific evidence supporting the healthy benefits of proteins is providing a significant impetus to the global protein ingredient industry. The ongoing research has proved that, proper intake of protein products helps in regulating body functions and in stimulating body muscles. Rising consumer consciousness regarding the protein intake and a considerable rise in spending parity of consumers have helped protein ingredient market to witness notable growth wave. 

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Strong establishment of food & beverage industry in India, Malaysia. China, Thailand, and South Korea have augmented Asia Pacific protein ingredient industry growth. China market is anticipated to record an annual growth rate of 7% over the period of 2016-2024, owing to rising spending on nutritional food and dietary supplements. The egg protein market of China is witnessing heavy demand in the region leading the animal product segment. Furthermore, from the plant protein products segment soy concentrates led the demand and is set to generate revenue over USD 3.5 billion by 2024.

Soy finds extensive usage as functional & nutritional food in baked, breakfast cereals, and meat & poultry products. Canola, a high-quality food protein source is rich in amino acids and other functional properties such as gelling, foaming, and emulsifying, has shown significant demand from France, India, Canada, and Germany.

Whey protein concentrates is another prominent product driving the protein ingredient market share. This segment collected a revenue of over USD 430 million in 2015. Owing to its high protein content and emulsifying properties, the FDA & the USDA have approved the product usage in medicine and cosmetics products. Whey protein hydrolysates finds wide acceptance in hair and skin products and has thus opened new commercial routes in clinical & cosmetics sectors.

Protein ingredient market from the cosmetics and personal care sector is projected to record highest CAGR of over 6% over the period of 2016-2024. Both plants and animals based products are a rich source of proteinaceous elements for the cosmetic applications. Moreover, proteins from algae and fungi are also being used as high protein sources in some cosmetics products.

As protein’s health halo continues to shine brighter, the industry participants are increasingly pumping up their R&D activities. This has resulted into varied application of protein ingredient in fertilizers, insect sprays, printing inks, paints, and paper coatings. Key players of the global protein ingredient industry include Kewpie Egg Corporation, Roquette, ADM, Scoular, DuPont, Fonterra, Tessenderlo, Burcon, and NutraScience.

Partial Report Content:

Chapter 1    Research Methodology

1.1.    Research Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2.    Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2    Executive Summary

2.1.    Protein ingredients market industry 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3  Product trends

2.1.4  Application trends

Chapter 3    Protein Ingredients Industry Insights

3.1     Industry segmentation

3.2     Industry size and forecast, 2013 - 2024

3.3     Industry ecosystem analysis

3.4     Raw Material Insights

3.4.1  Pea

3.4.2  Whey (dry & condensed)

3.4.3  Milk

3.4.4  Wheat

3.4.5  Egg

3.4.6  Canola

3.5     Regulatory framework

3.5.1  Plant protein ingredients

3.5.2  Animal/Diary protein ingredients

3.6     Industry impact forces

3.6.1  Growth drivers

3.6.1.1  Scientific evidence towards increasing health benefits

3.6.1.2  Technological innovations

3.6.1.3  Rising novel applications usage

3.6.2  Industry pitfalls &challenges

3.6.2.1  Fluctuating soybean prices

3.6.2.2  Growing threat from soy based products

3.7     Growth potential analysis

3.8     Competitive landscape, 2015

3.9     Porter’s analysis

3.10   PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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