The report “Protein Ingredients Market by Source (Animal and Plant), Form (Dry and Liquid), Application (Food & Beverages, Animal Feed, Pharmaceuticals, and Cosmetics & Personal Care), and Region (NA, EU, APAC, SA, RoW) – Global Forecast to 2025″, The global protein ingredients market size is estimated to be valued at USD 52.5 billion in 2020 and projected to reach USD 70.7 billion by 2025, at a CAGR of 6.1%. The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as nutrition and functional ingredients.
The key players in the protein ingredients market include Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), Friesland (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), AMCO (US), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), and Burcon Nutrascience (Canada) are the players that hold a significant share in the protein ingredients market.
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Cargill, Incorporated is engaged in manufacturing and marketing food, agricultural, financial, and industrial products and services. The company operates through five business segments—agriculture services, food ingredients & applications, origination & processing, risk management & financial, and industrial. Under its food ingredients & applications segment, the firm supplies protein ingredients, such as soy flour, to its end-users worldwide. Cargill is a leader in both full-fat and defatted soy protein products. Some of its other offerings include wheat gluten, hydrolyzed wheat proteins, and soy proteins that have various applications in beverage, bakery, dairy, and meat industries. The company operates across 70 countries with R&D centers in Europe, North America, and Latin America that provide services in various countries of Africa, Europe, Asia, Latin America, North America, and the Middle East to improve its global presence significantly. In May 2020, Cargill and Procter & Gamble collaborated to bring introduce nature nature-powdered innovation, fueling the future for more robust products.
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through five segments—agricultural services, oilseeds processing, carbohydrate solutions, nutrition and others. It offers animal protein products through its subsidiary ADM Animal Nutrition, Inc. (US), and plant protein products through its specialty ingredients segment. It operates in more than 170 countries, globally, and has 44 innovation centers, around 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities. It is present in Europe, Asia Pacific, Africa, South America, and North America. In August 2018, ADM opened a new technical innovation center in Shanghai for flavor and ingredient creation.
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- In May 2020, Cargill and Procter & Gamble collaborated to introduce nature-powdered innovation, fueling the future for more powerful products.
- In October 2019, Cargill announced plans to invest $USD 225 million at a facility in Sydney, Ohio, to better serve area farmers and meet the growing demand for protein and refined oils.
- In November 2017, ADM expanded its ingredient portfolio with the launch of Nutriance, a range of wheat protein concentrates having applications in sports and geriatric nutrition.
- In August 2018, ADM opened a new technical innovation center in Shanghai for flavor and ingredient creation.
- In March 2019, Dupont unveiled its plant protein nuggets through its SUPRO and TURPRO product ranges.