North America Protein Hydrolysate Ingredient Market

North America Protein Hydrolysate Ingredient Market Analysis:

North America Protein Hydrolysate Ingredient market is anticipated to grow at a 7.88% CAGR from 2020 to 2026 and it is estimated that the North America market was valued at USD 205.29 million in 2018 and is relied upon to achieve USD 299.96 million by 2026.

Protein hydrolysate ingredients are peptides derived from proteins. They are rich in protein content and are easily absorbed as compared to other proteins. The different type of protein hydrolysate ingredients is milk protein hydrolysate and meat protein hydrolysate. These protein hydrolysate ingredients have relatively low antigenic properties. They also help in enhancing the digestion process and also helps in reducing protein allergy among infants.

North America Protein Hydrolysate Ingredient Market Growth

The protein hydrolysate ingredients market is expected to register high growth rates in the coming years due to the demand for growing protein hydrolysate ingredients among consumers because of the associated health and nutritional benefits. The high purity, bioavailability, and digestibility of hydrolysate, when compared with other forms of protein, namely isolates and concentrates, are among their properties that are boosting their demand in the protein ingredient market. However, the presence of other alternatives of protein ingredient forms such as isolates, concentrates is likely to hinder the growth of the market.

Recent Developments:

Irish ingredients company Kerry has acquired Pevesa Biotech, a Spanish company specializing in organic and non-allergenic plant protein ingredients for general and clinical infant nutrition. Kerry said the transaction would expand its position in hydrolyzed plant protein and enhance its ability to serve the rapidly growing organic plant protein market. Pevesa specializes in sustainable non-transgenic plant proteins. The company's products include conventional and organic rice protein hydrolysates and pea protein isolates, as well as partially hydrolyzed rice and pea protein. The company also manufactures residue- and chemical-free biofertilizers that contain hydrolyzed vegetable proteins for use in organic farming.

Arla Foods Ingredients have launched a new whey protein hydrolyzate ingredient that they believe can be used to create better-tasting medical nutrition products. According to Arla Food Ingredients, WPH Lacprodan DI-3091 helps to overcome taste problems in products intended for patients with poor digestion or malabsorption. Whey protein hydrolysates are often used in medical nutritional supplements for people with conditions that affect their ability to digest or absorb protein, but they tend to have a bitter taste. The whey solution claims to offer a significantly better flavor profile, which will help patients adhere to nutritional regimens and prevent malnutrition.

North America Protein Hydrolysate Ingredient Market Segmentation

The North America market for Protein Hydrolysate Ingredient is segmented into Source and Application. On the basis of source, it is segmented into Milk, Meat, Plant, and Others. Whey protein accounted for the largest share in this market segment. This is because it demonstrates good solubility, lower viscosity, and better properties relating to foaming and gelling. In comparison with untreated whey protein, it can be absorbed easily. Meat protein hydrolysate can be processed from waste products generated during meat processing. The meat segment is anticipated to hold the maximum share during the report’s forecast period. On the other hand, non-dairy ingredients for protein hydrolysate are obtained from soy, wheat, and rice. The consumption of wheat protein is the highest among these.

On the basis of application, it is segmented into Infant Formula, Sports Nutrition, Clinical Nutrition, and Others. The pediatric nutrition market is projected to account for the major share of the market. The sports nutrition segment is projected to show the highest CAGR through the forecast period. Protein hydrolysate ingredients meant for use in sports nutrition products are available in powder form, in the form of gels, and as healthy snacks and bars. The use of whey protein hydrolysate in sports nutrition is preferred owing to its easy digestibility. In the pediatric nutrition sector, the use of whey and casein hydrolysate is seen as they help in preventing allergies and are widely regarded as a solution for problems such as lactose intolerance and vomiting.

Impact of COVID-19 on North America Protein Hydrolysate Ingredients Market

COVID-19 has affected almost every country in the world and India is no exception. Some countries are severely affected, while others have managed to control the spread by implementing containment measures and maintaining social distancing. The World Bank said at a press conference that India would likely post its worst growth performance since liberalization in 1991 this fiscal year due to the Corona outbreak. Restaurants and cafes have been on the front lines of the crisis, and many have already been forced to close due to city-wide closures or a decline in customs due to social distancing.

Regional Insights:

On the basis of geography, the market is analyzed under various regions namely U.S. and Canada. The market for North America Protein Hydrolysate Ingredients has been categorized on the basis of geography to offer a clear understanding of the market. North America Protein Hydrolysate Ingredients Market has been divided into the United States, Canada, Mexico and rest of North America.Consumers in the region continually demand beverages that can provide the necessary sensory taste and nutritional benefits. Although there is still a strong predominance of animal protein among the country's population, vegetable protein hydrolysates, derived from soybeans, lentils, and beans, have gained popularity in recent years. This is due to the high penetration of vegan protein products in the retail market and increased consumer awareness of the associated health and weight management benefits. The confirmation from the United States Department of Agriculture (USDA) that soy protein reduces heart disease has given the US market a huge boost. This has further increased the demand for other vegan proteins. Due to the increasing popularity of these products among manufacturers of sports nutrition products, major players in the region are expanding their product portfolio to meet the growing demand.

Leading Company

Archer Daniels Midland Company had the largest share of the North America Protein Hydrolysate Ingredients Market in terms of sales revenue in 2021.

North America Protein Hydrolysate Ingredient market Key Players:

Some of the major companies dominating the market are Frieslandcampina, Fonterra Co-Operative Group, Milk Specialties Group, Abbott Laboratories, Arla Foods Ingredients Group P/S, Agropur Inc, Danone S.A., Davisco Foods International, Inc., Kerry Group plc, Carbery Group, Glanbia PLC, Nestlé S.A., Tate & Lyle PLC and Archer Daniels Midland Company.