Growth in global demand for specialty ingredients has led to the development of protein hydrolysate ingredients market which is projected to exceed a value of US$ 1 billion by 2018, expanding at remarkable CAGR of 7.3% through 2028.
Protein hydrolysate ingredients are the group of peptides derived from proteins. Protein hydrolysate are rich in protein content and are absorbed more quickly in comparison to other proteins. The different type of protein hydrolysate ingredients include milk protein hydrolysate and meat protein hydrolysate. These protein hydrolysate ingredients have relatively low antigenic properties. Protein hydrolysates ingredients enhance the digestibility and reduces the protein allergy especially in infants.
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Major Players that operate in protein hydrolysate ingredients market include Abbott Laboratories, Danone S.A., Davisco Foods International, Inc. Arla Foods Ingredients Group P/S, Kerry Group plc, Carbery Group.
There are various form of protein hydrolysate ingredients available in the market. Protein Hydrolysate ingredients market can be segmented on the basis of ingredients, application and region. Based on ingredient type, the segmentation includes milk protein hydrolysate and meat protein hydrolysate. Milk protein hydrolysates are type of peptides derived from milk proteins. There are two main sources of milk protein hydrolysates that includes whey protein hydrolysates and casein hydrolysates. The protein hydrolysates ingredients most commonly used in nutritional products are casein, whey protein and soy protein. These ingredients are the type of peptides that possess high nutritional properties and are comparatively absorbed quickly than other types of protein or amino acids. In Protein hydrolysates market, milk hydrolysate is anticipated to exhibit robust growth in the next four to five years. This is due to the comparatively less preference of consumers for meat hydrolysates ingredients.
On the basis of application protein hydrolysate ingredient market is segmented into infant formula, clinical nutrition and sport and slimming food. Among all the segments infant formula is the fastest growing segment, which is anticipated to witness double digit growth over the forecasted period, followed by the sport nutrition and clinical nutrition. The protein hydrolysates market is studied across various regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa.
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Protein hydrolysate Ingredients Market demand is anticipated to increase globally owing to the increasing number of health conscious consumers. Protein hydrolysate ingredients market is expected to exhibit strong growth in North America due to the increasing number of high affluent class people coupled with rising awareness of consumers regarding the health .In North America, U.S. is the most dominating market, followed by other European countries. There is increasing demand of Protein Hydrolysate Ingredients Market in U.S. due the increasing disposable income of consumers and also rising number of health conscious consumers. Furthermore, Europe is expected to exhibit consistent growth due to increasing production of milk in the European regions. However, Asia Pacific is expected to be the fastest growing market in the forthcoming years due the increasing investment of companies to launch new ingredients especially in infant formula segment. This trend is especially witnessed in China due to the increasing consumer interest in specialist nutrition. Protein hydrolysate ingredients market is growing drastically in China due to the increasing upper middle class population that supports the growth of protein hydrolysate ingredient rich products, which are higher in price.
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Protein hydrolysate ingredients market is witnessing healthy growth. This is due the increasing demand for protein hydrolysate ingredients by consumers owing to the health benefits coupled with nutritional benefits associated with it across developed regions. However, various factors that restrict the growth of protein hydrolysate ingredients market include less awareness among consumers regarding the health benefits associated with the consumption of protein hydrolysate ingredients in emerging economies.
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