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Protein Hydrolysates Market: Drivers, Restraints, Opportunities, and Challenges

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Protein Hydrolysates Market: Drivers, Restraints, Opportunities, and Challenges

October 31
17:22 2019
Protein Hydrolysates Market: Drivers, Restraints, Opportunities, and Challenges

MarketsandMarkets™
The global protein hydrolysates market was valued at USD 2.53 billion in 2017 and is projected to reach USD 4.13 billion by 2023, at a CAGR of 8.56% during the forecast period.

The report Protein Hydrolysates Market by Type (Milk, Meat, Marine, Egg, Plant, and Yeast), Application (Infant Nutrition, Clinical Nutrition, Weight Management, and Feed), Process (Enzymatic, and Acid & Alkaline), Source, Form, and Region – Global Forecast to 2023″, The global protein hydrolysates market is estimated to be valued at USD 2.74 billion in 2018 and is projected to have a CAGR of 8.56%, in terms of value, between 2018 and 2023. Protein hydrolysates are widely accepted ingredients in food & beverage applications owing to their functional properties. The multi-functionality of protein hydrolysates increases their adoption in end-use applications. Also, the growing demand for high protein, nutritious products has expanded the application areas of protein hydrolysates in the food & beverage industries. Protein hydrolysates are widely used by food processors to make their food products more nutritious and to enable them to endure the rigors of harsh processing.

Protein Hydrolysates Market

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Protein deficit among the population

Protein is one of the three major macronutrients that help build tissue structure. Protein deficiency is one of the key reasons for malnutrition among the population, especially among infants across the world.

Protein-calorie malnutrition (PCM) and protein-energy malnutrition (PEM) are the two major types of protein deficiencies. Kwashiorkor and marasmus are the two common diseases caused by PCM and PEM; kwashiorkor occurs when protein is deficient, but the overall energy is sufficient, whereas marasmus is said to occur when both protein and energy are deficient. PEM occurs more frequently among infants and children between one and five years.

Protein-energy malnutrition (PEM) causes wasting (very low weight and height) and stunting (very low height for age) due to deficiencies of micronutrients such as proteins, carbohydrates, and fats. Wasting and stunting are common effects of malnutrition among children under five years of age. Infant nutrition plays a significant role in decreasing the level of protein deficiency among children, especially for those under five years of age. Protein hydrolysates are one of the most preferred ingredients for infant nutrition, thereby driving their demand for the infant nutrition applications.

High R&D costs

Protein hydrolysates require high investment in innovations and product development, which increases their production cost. Hence, many small and medium-sized manufacturers are not able to enter this market. As a result, most developing countries such as India and Brazil import protein hydrolysates from developed countries.

Moreover, high R&D costs lead to an increase in per unit production cost; price sensitive countries in Africa, South America, and South Asia mostly rely on other forms of protein such as protein concentrates and protein isolates.

Some leading companies have been continuously expanding their protein hydrolysates product portfolios through extensive research & development. For instance, Abbott Laboratories (US) and Koninklijke DSM N.V. (Netherlands) have been engaged in launching new protein hydrolysates, along with bio-active peptides to strengthen their product portfolio. For instance, after a long R&D, in May 2015, Abbott Laboratories launched the non-GMO version of Similac Advance infant formula in the US. According to the company, GMO products are safe; however, the company launched non-GMO products as per consumer demand.

The global market has been segmented on the basis of type, source, process, application, form, and region. On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The objectives of the report are to define, segment, and project the size of the global protein hydrolysates market with respect to the above-mentioned segmentations and provide a detailed study of key factors influencing the growth of the market, along with profiling the key players in the market and their core competencies.

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North America estimated to be the most lucrative market for protein hydrolysates

In 2018, the North America region is estimated to hold a significant share in the global protein hydrolysates market whereas Asia Pacific is projected to grow at the highest CAGR during the forecast period. The presence of large food & beverage and nutraceutical industries offers the North American protein hydrolysates market a prominent consumer base as well as growth prospects. The Asia Pacific market is driven by the economic growth of the region, coupled with the increasing demand for nutritious food & beverage products.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Abbott Nutrition (US), Koninklijke DSM N.V. (Netherlands), Kerry Group (Ireland), FrieslandCampina (Netherlands), and Arla Foods (Denmark).

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