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.
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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.
Milk Protein Hydrolysates projected to be the largest segment
Milk protein hydrolysates is estimated to account for the largest share in the protein hydrolysates market in 2018, due to its wide range of applications in the food & beverage industry. The multi-functionality of milk protein hydrolysates results in their use in a broad spectrum of applications such as infant nutrition, clinical nutrition, weight management, and animal feed.
Infant Nutrition: The most widely preferred protein hydrolysates application
The infant nutrition segment is estimated to account for the largest share in the protein hydrolysates market, in terms of value, in 2018. Protein is one of the three major macronutrients that help build tissue structure. Protein deficiency is one of the significant reasons for malnutrition among consumers, especially among infants across the world. Protein hydrolysates are beneficial for all infant formula as they are easy to digest. Among other reasons, food allergies and the inability to breastfeed also contribute to the development of infant nutrition products, which increases the demand for protein hydrolysates.
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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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