The global protein hydrolysate market is expected to witness substantial growth over the forecast period on account of the growing demand for plant-based and animal-based protein hydrolysates in the sports industry. The demand for the product as a dietary supplement, for infant nutrition and as a nutraceutical is expected to drive market growth.
The product is widely used in sports medicines as it enables improved absorption of amino acids as compared to intact proteins, resulting in optimum nutrient delivery to the muscles. Besides, the use of the product in infant formula to enhance the absorption of amino acids and gain optimum nutrient value of protein is expected to have a positive impact on the market growth.
Hydrolyzed protein reduces the size of amino acids making them easier to absorb and digest. As a result, the demand for hydrolysate protein for infant nourishment is gaining popularity in developed countries. Furthermore, to maintain the protein level and improve the toning of muscle, the product is also used as a supplement in the sports industry.
The protein hydrolysate market is expected to gain share in developed countries owing to the increasing awareness among the consumer. However, high R&D cost is likely to restrain market growth over the forecast period. Besides, low popularity in developing countries owing to the high production cost is expected to hamper the market growth.
The protein hydrolysate market has been segmented based on product into milk protein hydrolysate, animal protein hydrolysate, and plant protein hydrolysate. Milk protein hydrolysate is expected to account for the largest market share owing to the varied range of applications in the food & beverage industry.
The demand for animal protein hydrolysates is higher as compared to plant-based hydrolysates owing to the presence of high protein content in animal-based sources as compared to its counterparts. However, the milk protein hydrolysates dominate the market owing to its multifunctional characteristic, which aids its application in sports, nutraceutical, and infant nutrition.
The protein hydrolysates market is segmented based on process into enzymatic hydrolysis and acid & alkaline hydrolysis. The enzymatic hydrolysis is expected to gain share and is likely to witness faster growth as compared to its counterpart as during the acid & alkaline hydrolysis cysteine, serine, threonine, and arginine are destroyed, as a result, the manufacturers are moving to slightly complicated; however, better enzymatic hydrolysis process.
The market is segmented based on application into dietary supplements, infant nutrition, nutraceutical, and sports nutrition. Infant nutrition is expected to dominate the market in terms of revenue on account of the need for protein in building and proper development of infant tissues. Also, protein deficiency leads to malnutrition, which is another aspect of the use of hydrolysates in infant formula.
North America is expected to account for the largest market share owing to the presence of major food & beverage industry players in the region, which offer opportunities to the protein hydrolysate manufacturers with a wide consumer base. Besides, the high cost of production leads to the increased production cost of the final products, which is borne by the consumer. As the purchasing power of the consumers is high, there is increased acceptability of the product in developed countries.
The Asia Pacific is expected to be the fastest-growing protein hydrolysate market owing to the increasing consumer disposable income and decreasing the cost of production with the introduction of new technologies. Also, a wide consumer base coupled with an abundance of raw materials in the region is expected to drive market growth in the Asia Pacific over the forecast period.
The major players operating the market include Koninklijke DSM N.V., Abbott (Nutrition division), Kerry Group PLC, Tate & Lyle PLC, Arla Foods, and ADM Company. The other players comprise Danone Nutricia, Nestle S.A., Glanbia PLC, Frieslandcampina, Agrilife, BRISK BIO, and others.
Kerry Group PLC entered into a partnership agreement with the World Food Programme, which will focus on providing nutritional and protein-rich meals in schools in Honduras. It is a three-year project where Kerry Group is expected to contribute USD 750,000 and technical support. The company is a leading manufacturer of nutraceuticals owing to which it has been chosen for the program.