Global Protein Hydrolysates Market Growing at A CAGR of 8.9% 2019-2026
The global protein
hydrolysates market was valued at USD 2.7 billion in 2018 and is
expected to reach USD 4.9 billion in 2026, growing at a CAGR of 8.9%
during the forecast period.
Protein hydrolysates
are extremely purified proteins containing peptides, oligopeptides and amino
acids that are pressurized by full or partial hydrolysis. Due to the presence
of an extremely purified type of proteins, protein hydrolysates allow the
muscle cells to absorb amino acids rapidly, maximizing the flow of nutrients to
the body. Owing to its versatile application in various industries, the global
protein hydrolysates market is anticipated to experience positive growth during
the forecast period.
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The growth of the
protein hydrolysates market is primarily driven by the health awareness and
demand in sports nutrition products and growing animal nutrition industry are
the key factors driving the growth of this market. However, High R&D cost
hampers the growth of the protein hydrolysates industry. On the other hand,
Infusion of protein hydrolysates in infant nutritional products may also
provide a profitable chance for market players in the near future. Based on
type, milk protein hydrolysate segment expected to dominate the market
throughout the forecast period Based on type, the global protein hydrolysates
market has been segmented milk protein hydrolysate, animal protein hydrolysate,
and plant protein hydrolysate.
The milk protein
hydrolysate segment is growing rapidly in the protein hydrolysates market with
the highest CAGR of 7.4% in the forecast period. Milk protein hydrolysate is expected
to account for the largest market share owing to the varied range of
applications in the food & beverage industry. Increasing consumer awareness
of dietary products is likely to boost market demand. The product is widely
used in infant formulas due to its simple digestibility compared to intact
protein formulations, which help to promote immune development in children.
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Based on application,
the Infant nutrition segment is expected to grow at a CAGR of around 6.5%
throughout the forecast period Based on application, the market has been
segmented into dietary supplements, infant nutrition, nutraceutical, and sports
nutrition. The Infant nutrition type accounts of the largest share in the
market and are expected to grow at a CAGR of around 6.5% during the forecast
period. Infant nutrition is anticipated to dominate the industry in terms of
income due to the need for protein in the growth and adequate growth of infant
tissues. In addition, protein deficiency also contributes to malnutrition,
which is another element of the use of hydrolysates in infant formula.
Asia Pacific is
projected to be the fastest-growing regional market Asia Pacific is expected to
be the fastest-growing protein hydrolysate market and is expected to dominate
the market throughout the forecast period with a CAGR 8.9%. This region
comprises developing economies such as China, India, and Malaysia as well as
Singapore, which are among the fastest-growing markets for protein hydrolysates
in the region.
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The rise in population
and per capita earnings in China and India, coupled with growing preference for
protein hydrolysate products, is anticipated to drive demand from end-user
markets such as animal feed, clinical nutrition, and infant nutrition. The
Chinese market for protein hydrolysates is expected to expand at the largest
pace among Asia Pacific nations during the forecast period.
Company Profiles and
Competitive Intelligence: The major players operating in the global Protein
Hydrolysates market are Abbott Nutrition (US), Koninklijke DSM N.V.
(Netherlands), Kerry Group (Ireland), FrieslandCampina (Netherlands), and Arla
Foods (Denmark). Other players include Tate & Lyle PLC (UK), Archer Daniels
Midland Company (US), Glanbia PLC (Ireland), and Danone Nutricia (Netherlands)
among others.
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