Concentrate protein is a compound rich in protein content. The ingredient majorly focuses on offering a solution for protein operational utilization and malnutrition of underutilized protein sources. Concentrate protein aids in the fulfillment of required protein intake in the individuals. As protein is one of the vital nutrients needed by the body to repair tissue & build fundamental cells and cater as fuel to facilitate energy to the human body. Concentrate protein finds a large number of applications as sports nutrition, dietary supplements, feed supplements, functional food, and few others. In addition, it is also recommended by professionals, dietitians, physicians, and doctors to overcome the deficiency of protein in the body.
The global concentrate protein market is likely to be highly driven by growing consumer awareness regarding the benefits of functional food. The hectic lifestyle and lack of adequate diet in the meal are significantly raising the demand for concentrate protein products. However, concentrated protein is of high importance in sports nutrition owing to the fact that athletes need higher consumption of protein than normal individuals. In addition, animal feed has emerged as a vital ingredient of the food chain, thereby proper initiatives are taken to improve and enhance the quality of feed. Furthermore, pet care takers are highly demanding high-quality concentrate protein in the animal feed to fulfill the requirements in the animal body. Thereby, manufacturers of animal feed are emphasizing on producing improved concentrate protein products to fulfill the livestock requirements.
Also, infant formulation makes use of animal and plant ingredients that serve the requirement of minerals, vitamins, and nutrients in the body. Also, manufacturers are boosting funding to accelerate the research and development activities to launch high-end and innovative products in the market to widen their customer base and generate a huge profit margin in the global concentrate protein market.
The global concentrate protein market can be segmented into application, nature, distribution channel, source, and region.
By application, the market can be segmented into sports nutrition, food & beverages, dietary supplements, infant formulations, animal feeds, cosmetic & personal care, and others.
By nature, the market can be segmented into organic and conventional.
By distribution channel, the market can be segmented into direct and indirect channels.
By source, the market can be segmented into animal sources, plant sources, and microbial sources.
North America accounts for the largest share in the global concentrate protein market due to the growing demand for concentrate protein by the people in the region owing to the fact that a huge chunk of the population is suffering from chronic lifestyle-induced disorders. In addition, the growing awareness regarding the advantages offered by concentrate protein is another key factor fuelling the growth of the regional market.
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Some of the significant players in the global concentrate protein market are Archer Daniels Midland Company, E. I. duPont de Nemours and Company, Ingredion Incorporated, Nutra Food Ingredients, Morinaga Milk Group, Cargill Inc., Wilmar International Ltd., Foodchem International Corporation, Euroduna Food Ingredients GmbH, and John Pointon & Sons Ltd. To cite, Saputo Inc. in April 2019 acquired Dairy Crest Group P.L.C. Saputo Inc. in order to expand its international presence.