Press Release

Protein Hydrolysates Market to Prosper Amidst Increasing Demand for Sports Nutrition, Health, and Fitness

The Global Protein Hydrolysates Market size was valued at USD 3.13 billion in 2023 and is estimated to grow at a CAGR of around 6.6% during the forecast period, i.e., 2024-30. The market represents a dynamic and diverse segment in the food industry, featuring products like milk, meat, plant-based, egg, and yeast-derived varieties. In recent times, there has been an unflinching proliferation in customer demand for these supplements driven by multiple factors.

The increased need for protein sources that are easy to digest has prompted a surge in the application of protein hydrolysates. These commodities disintegrate intricate proteins into smaller components, which furnish essential amino acids required for muscle development and sustaining optimum health. As such, athletes & nutrition specialists highly regard them because they can be quickly assimilated by the body, leading to maximum benefits of bioavailability.

Moreover, the boost in the elderly population has caused a rise in protein supplement usage, believed to enhance well-being and preserve muscle mass. Protein hydrolysates are particularly favored due to their ease of digestion as well as their integration into functional foods, beverages, and medications. As technology advances and plant-based options become more accessible for broader consumption by consumers today, this sector continues to flourish thanks mainly to both technological advancements within our industry & customers' choices at large, driving the market trend surrounding Protein Hydrolysate's popularity, further states the research report, “Global Protein Hydrolysates Market Analysis, 2024.”

Global Protein Hydrolysates Market Segmentation Analysis

Animal Sources to Significantly Drive the Market Growth

Based on the source segment, the market is further bifurcated into Animal, Plant, and Microbial. It is expected that during the projected time frame, Animals source would be a major factor driving Protein Hydrolysates Market expansion. This surge in demand for animal-derived protein hydrolysates can be ascribed to growing consumer interest in health & well-being, coupled with an inclination towards functional and nutritional components.

The sports & nutrition supplement sector specifically experiences substantial uptake of this phenomenon since such hydrolysates offer amino acids that facilitate swift muscle development and recuperation by absorbing promptly into the body. The escalating apprehensions about animal production ethics & environmental protection have increased interest in sustainable substitutes. Consequently, businesses are now producing protein hydrolysates from plant-based materials to cater to the needs of vegan and vegetarian clients as well as those prioritizing cruelty-free products along with sustainability practices. Henceforth, these firms are modifying their approach accordingly.

Asia-Pacific to Overpower Other Regional Markets

The Asia-Pacific region is observing the swiftest rise in demand for protein hydrolysates compared to other regional markets. This phenomenon has created remarkable scope for manufacturers, given the mounting health consciousness among consumers across this area that has led to an augmented craving for products containing proteins. As a result of this surge, a plethora of fresh players and items have entered this flourishing industry spurred by considerations such as sustainability issues combined with an amplified emphasis on living healthy lifestyles.

With the increased uptake of novel dietary choices and wellness-related decisions, the Asia-Pacific Protein Hydrolysates Market is experiencing noteworthy growth. Major industry players are concentrated in this area, striving to enhance their foothold by implementing diverse tactics like launching new products, extending manufacturing capacities, and collaborating with partners to extend reach into different territories while securing a leading position within the field.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Arla Foods Amba, Kerry Group Plc, ADM, Glanbia Plc, Frieslandcampina, Azelis Group, Fonterra Co-Operative Group Limited, Tatua, Cargill, Incorporated, Hofseth Biocare Asa, Armor Protéines, Krishna Enzytech Pvt Ltd., Roquette Frères, Carbery Group, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?