Global Bio Active Protein and Peptides: Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2026
There
is a steady adoption of bio active protein and peptides among
consumers worldwide seeking nutritional and healthy food. Revenue
from the global bio active protein and peptides market is expected to
grow 2.2X by 2026 as compared to 2016 end. The market is anticipated
to grow at an attractive CAGR during the 10 year forecast period of
2016 to 2026.
Factors
and trends impacting the market
An
aging population and increasing incidence of chronic diseases is
fueling the demand for bio active protein and peptides in the global
market. Also, a growing preference for bio active protein and
peptides in cosmetics and personal care is likely to boost the global
bio active protein and peptides market over the forecast period.
Increasing disposable income coupled with increasing per capita food
expenditure is another factor likely to positively impact the growth
of the global bio active protein and peptides market in the next 10
years. However, stringent rules and regulations leading to increased
operational costs and supply chain issues create a barrier for
manufacturers operating in the global bio active protein and peptides
market.
The
global bio active protein and peptides market is likely to witness
certain trends in the coming years. Plant source ingredients are
expected to gain traction in the near future and manufacturers are
focusing on producing easy-to-digest protein using advanced
technologies.
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Segment
analysis
The
global bio active protein and peptides market is segmented as under
The
Plant Source segment is anticipated to hold a market value share of
45% by the end of 2016 and is expected to register high Y-o-Y growth
throughout the forecast period. Plant source bio active protein and
peptides such as soy and pea are getting prominence in the
marketplace due to an increasing consumer preference for meat-free
diets. Avoidance of meat is rising for various health,
sustainability, and ethical reasons. Moreover, plant source bio
active protein and peptides are generally 20% – 30% less costly as
compared to animal source bio active protein and peptides and are
hence widely accepted by manufacturers for the ease of extraction
process. Owing to the increasing physiological benefits coupled with
increasing consumer preference towards vegetarian food, the plant
source bio active protein and peptides segment is expected to get
prominence over the animal source bio active protein and peptides
segment in terms of revenue growth during the forecast period.
By
application, the Functional Food segment is expected to be the most
favored application for manufacturers operating in the global bio
active protein and peptides market. However, the Functional Beverages
segment is expected to gain higher traction than the Functional Food
segment by 2019 end. The Functional Beverages segment is expected to
register high Y-o-Y growth throughout the forecast period. Revenue
contribution of this segment to the global bio active protein and
peptides market is expected to register a CAGR of 8.3% during the
forecast period.
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TOC @
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Regional
analysis
The
global bio active protein and peptides market is segmented into the
seven key regions of North America, Latin America, Eastern Europe,
Western Europe, Asia-Pacific Excluding Japan, Japan, and Middle East
& Africa. North America dominates the global bio active protein
and peptides market and is expected to represent an incremental $
opportunity of US$ 16.8 Bn between 2016 and 2026. North America is a
rapidly growing bio active protein and peptides market owing to
increasing demand for sports and nutritional food. Consumers in North
America are highly focused on their health and fitness. Also, due to
busy lifestyle and work culture, consumers in North America are
opting for ready-to-eat and ready-to-drink food and beverages, which
has given immense scope for manufacturers in the North America bio
active protein and peptides market to develop products specially
catering to the functional food and beverages segment.
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Key
market players
Archer
Daniels Midland Company (ADM), Kerry Group, Cargill Inc., Omega
Protein Corporation, Bunge Ltd., E.I. Du Pont De Nemours and Company,
Fonterra Co-operative Group Ltd., Royal DSM, and CHS Inc. are some of
the top companies operating in the global bio active protein and
peptides market.
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