Market Research Reports- Consulting Analysis Crystal Market Research Protein Ingredients Market | Page 2
among consumers leading to preference for nutritious diets. The personal care and cosmetics market will
witness highest growth over the forecast period due to the large scale applications of proteins in
sunscreens, shampoos, and different types of skin creams.
U.S. held the major share of the North American protein ingredients market in 2016, due to rising
preference of consumers towards healthy product consumption along with government approvals for use
in infant formulas and cosmetics. China will witness favorable growth for protein ingredients market
during the forecast period owing to a rise in consumer spending on healthcare and increase in purchasing
power.
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The key strategy followed by the companies operating in protein ingredients market is mergers and
acquisitions. For instance, in September 2014, Omega Protein Corporation acquired Bioregional Food &
Science Corp. to expand its portfolio in terms of specialty oils, essential fatty acids, and nutraceutical. In
June 2016, Cargill acquired Five Star Custom foods Inc. of Fort Worth to enhance its cooked protein
capabilities. Some of the major companies in protein ingredients market are Omega Protein Corporation,
Archer Daniels Midland Company (ADM), E. I. duPont de Nemours and Company, Cargill, Kerry Group
PLC. Other companies are Fonterra Co-operative Group Ltd., Arla Foods, Kewpie Corporation, AMCO
Proteins, GELITA AG, and Hilmar Ingredients.
Key Findings of the Research Study:
Animal proteins market held over three-fourth share of the protein ingredients market in 2016 due
to increased consumption of eggs and dairy products globally.
Egg proteins dominated the animal proteins market in 2016 holding over two-fifth share due to
increasing demand in snacks, bakery products and dietary supplements.
Canola protein market will exhibit a significant double digit growth rate over the forecast period
with Canada being the largest producer of canola followed by Germany, France and India.
North America held the major share of the global protein ingredients market in 2016 and is
expected to lead the market over the forecast period due to increased health consciousness of the
people in the region.
Asia-Pacific market is expected to grow at a fastest rate over the forecast period owing to the rise
in consumer preference towards products with healthy ingredients.
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Protein Ingredients Market Segmentation
By Source: