Global Bioactive Protein Market 2017-2021

Overview of the global bioactive protein market

Technavio’s market research report has identified the growing demand for cosmetics and personal care applications as one of the major factors that will fuel the growth of the bioactive protein market in the coming years. Proteins are used in several personal care products including color cosmetics, skincare products, shampoos, conditioners, and soaps. Owing to their high disposable incomes, consumers in the countries including the US, the UK, Australia, and Canada spend heavily on cosmetics. Bioactive proteins contain amino acids and cosmetic product manufacturers use these proteins in various personal care formulations to provide functional properties such as anti-irritation and anti-aging effects. This will in turn, fuel the growth of the bioactive protein industry, which according to our market analysts, will grow steadily at a CAGR of almost 8% by 2021.

The focus of the consumers has shifted towards plant-derived proteins and the recent years witnessed the emergence of several plant-based protein sources such as rice, peas, canola, and potato-based proteins. There is also a growing demand from the consumers for soy and wheat proteins. There is an increasing shift in consumer preference from animal-based proteins to plant-based proteins and individuals are also increasingly adopting vegetarianism. According to our market research report, the growing inclination of the consumers towards plant-driven protein will be one of the key trends that will gain traction in the bioactive protein market in the coming years.

Competitive landscape and key vendors

The bioactive protein market appears to be moderately fragmented owing to the presence of several global, regional, and local players. The key players dominate the operations in the bioactive protein industry due to their strong geographical presence and large production facilities. Players in this marketspace compete intensely in terms of innovation, product differentiation, technology, and product pricing. To gain a competitive advantage over the other players in the bioactive protein industry, the vendors are focusing on offering products at reasonable prices.

The leading vendors in the market are

• Archer Daniels Midland
• Cargill
• KERRY GROUP
• Royal DSM
• Sigma-Aldrich

The other prominent vendors in the market are CHS, DowDuPont, Omega Protein, Medicago, and MYOS RENS Technology.

Segmentation by source and analysis of the bioactive protein market

• Animal source
• Plant source

Animal source is steadily preferred by consumers since it is a complete protein source that provides all the essential amino acids. Animal sources such as fish, seafood, pork, chicken, meat, poultry, dairy, and eggs provide high-quality bioactive proteins and all the essential amino acids. Influenced by the innovations in animal-derived protein products, the bioactive protein market will witness considerable growth in the animal source segment during the next few years.

Geographical segmentation and analysis of the bioactive protein market

• APAC
• Europe
• MEA
• North America
• South America

North America will be the major revenue contributor to the bioactive protein industry owing to the growing demand for bioactive protein products for food and beverage and nutraceutical applications. The growing consumer awareness about the advantages of nutraceuticals and their medical advantages, will be a major factor driving the growth of the bioactive protein market in North America.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bioactive protein market?
• What are the key market trends impacting the growth of the global bioactive protein market?
• What are the challenges to market growth?
• Who are the key vendors in the global bioactive protein market?
• What are the market opportunities and threats faced by the vendors in the global bioactive protein market?
• Trending factors influencing the market shares of the APAC, Europe, MEA, North America, and South America.
• What are the key outcomes of the five forces analysis of the global bioactive protein market?

Technavio also offers customization on reports based on specific client requirement.