Protein Hydrolysates Market Worth 738.2 Million USD by 2022
PUNE, India, March 17, 2017 /PRNewswire/ --
The report "Protein Hydrolysates Market by Type (Milk, Plant, and Animal), Application (Infant Nutrition, Sports Nutrition, and Dietary Supplements), Process (Enzymatic Hydrolysis, and Acid & Alkaline Hydrolysis), Source, Form, and Region - Global Forecast to 2022", published by MarketsandMarkets, the market is estimated to be valued at USD 463.2 Million in 2016 and projected to reach USD 738.2 Million by 2022, at a CAGR of 8.1% from 2016.
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Browse 72 market data Tables and 49 Figures spread through 147 Pages and in-depth TOC on "Protein Hydrolysates Market"
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Protein hydrolysates are widely accepted ingredients in food & beverage applications owing to their functional properties. The multifunctionality of protein hydrolysates increases their adoption in end-use applications. Also, the growing demand for high-protein & nutritious products and an increase in the demand for premium products have expanded the application areas of protein hydrolysates in the food & beverage industry. Protein hydrolysates are increasingly used by food processors to make their food products more nutritious, enabling them to endure the rigors of harsh processing.
Milk protein hydrolysates projected to be the largest segment
Milk protein hydrolysates are estimated to account for the largest market share in the protein hydrolysates market in 2016, due to their wide range of applications in the food & beverage industry. The multifunctionality of milk protein hydrolysates finds uses in a broad spectrum of applications such as infant nutrition, sports nutrition, and nutraceuticals.
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Infant Nutrition: The most widely preferred protein hydrolysates application
The infant nutrition segment accounted for the largest share of the protein hydrolysates market, in terms of value, in 2016. Protein is one of the three major macronutrients that help build tissue structure. Protein deficiency is one of the significant reasons for malnutrition among the population, especially among infants across the world. Protein hydrolysates are beneficial for all infant formula as they are easy to digest. Amongst other reasons, food allergies and the inability to breastfeed also contribute to the development of and the resultant demand for infant nutrition products.
North America estimated to be the most lucrative market for protein hydrolysates
In 2017, North America is estimated to hold a significant share in the global protein hydrolysates market whereas the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. The presence of a large food & beverage industry offers the North American protein hydrolysates market a noticeable consumer base as well as growth prospects. The Asia-Pacific market is driven by the economic growth of the region, coupled with the rising 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 (U.S.), Koninklijke DSM N.V. (Netherlands), Kerry Group (Ireland), FrieslandCampina (Netherlands), and Arla Foods (Denmark).
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