Market News Today Protein Ingredients Market | 页面 2

The human body requires amino acids for the healing of cells; however, it is not capable of producing
these important amino acids. Hence, there is an increasing need to consume them externally through
diet. These amino acids can be obtained from plants and animals.
The rising demand for the product from the food & beverage, animal feed, cosmetics, and personal
care industries is expected to augment the growth of this industry during the forecast period.
The animal-based products are extracted from milk products, fish, egg, and meat, and plant-based
products are obtained from canola oil, soy, rice, pulses, and wheat. Depending on the type of
extraction technique, the proteins extracted from milk and soy can be segmented into isolates,
hydrolysates, and concentrates.
The key restraint that could impact the growth of the industry is the price volatility of raw materials.
The fluctuating prices of soybean may create imbalances in the supply-demand equilibrium of the
grains.
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Application Insights
The food and beverages segment is expected to be the fastest-growing segment, growing at a CAGR
of around 6%. In addition, this segment also dominated the overall industry revenues in 2015,
accounting for a share of nearly 50%. This dominance and growth are expected to continue owing to
the growth of pharmaceutical and cosmetics industries in the Asia-Pacific region, notably in
economies such as India, China, and Japan.
Infant formulations, which are derived using soybean or milk, are expected to account for the second
largest market share by volume, mainly on account of the heightened awareness among parents
regarding benefits of the product for the growth of infants. This segment is expected to account for
over 15% of the global demand during the forecast period.