The protein hydrolysate ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the protein hydrolysate ingredients Market is estimated to be USD 461.44 million in 2016 and predicted to rise to USD 684.31 million by 2021 with a CAGR of 8.20%. The market is segmented by Source (Milk, Meat, Plant, Others) and Application (Infant Formula, Sports Nutrition, Clinical Nutrition, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The protein hydrolysate ingredients market is expected to register high growth rates in the coming years due to the demand for growing protein hydrolysate ingredient 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.
The global 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 the powder form, in the form of gels, and as healthy snack 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.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. North America accounts for the largest share of the market owing to the increasing number of well-off people coupled with the growing health awareness among consumers. Europe held the second largest share, due to the rising production of milk in the European countries. Asia Pacific is expected to be the fastest-growing market in the coming years, owing to the increasing investment by companies on new ingredient launches, especially in the infant formula segment. This trend is especially witnessed in China, owing to the increasing consumer interest in specialist nutrition. Technological developments in milk processing and rising demand for healthy foods in the Middle East and Africa and Latin America will help promote the demand for protein hydrolysate ingredients. The ready-to-eat products segment for infants is helping the market grow and the segment will register a high CAGR through the forecast period of the report.
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.
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