The Global Bioactive Protein and Peptides Market Size is valued at 64.70 Bn in 2023 and is predicted to reach 132.84 Billion by the year 2031 at a 9.57 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The rising popularity of dietary supplements containing bioactive peptides is a significant driver for the market.
- The presence of various health claims associated with bioactive peptides has led to the establishment of customer trust, driving the market's growth.
- North America dominated the market and accounted for a global revenue share in 2023.
- The lack of documented evidence regarding the safety, mechanism, and functions of these alternatives is a challenge for the bioactive protein and peptides market.
Bioactive peptides are a mixture of amino acids bound together by a covalent link and are derived from numerous natural sources, offering a range of health advantages. The rising body of research on natural components can assist soothe worries in the market, similar to many other industries, by providing diverse functions for food and beverage items that result in less oxidation and deterioration.
Additionally, proteins derived from animal parts were being used as cosmetic ingredients. Sectors, including cosmetics, food, and beverage, are also embracing natural trends to project a positive image in the market. As a result, the market growth will be accelerated during the projection period by increasing the use of bioactive proteins and peptides in cosmetic and personal care products. The market for bioactive peptides is anticipated to expand rapidly. Bioactive proteins, which are increasingly essential to consumers due to a rise in demand for nutritious meals, are found in the global bioactive protein and peptides.
On the one hand, purchasing natural foods made from raw materials becomes very expensive. Conversely, since chronic illnesses and lifestyle illnesses like diabetes are rising, trends like going to the gym and exercising are becoming more popular. As a result, keeping up with these developments, it is anticipated that the worldwide bioactive protein and peptides will soon be able to meet the affordable yet significant demand for protein.
Competitive Landscape
Some major key players in the Global Bioactive Protein and Peptides Market:
- Archer Daniels
- Midland Company (ADM),
- Kerry Group,
- Cargill Inc.,
- Omega Protein Corporation,
- Bunge Ltd., E.I.,
- Du Pont De Nemours and Company,
- Fonterra Co-operative Group Ltd.,
- Royal DSM
- CHS Inc.
- Other Market Players
Market Segmentation:
The bioactive protein and peptides market is segmented on the Source and application. Based on Source, the market is divided into Animal(Dairy sub-segments(Whey, Casein, Milk Protein Concentrate), Egg & Meat, Gelatin, Fish & Insects, Seafood ), Plant Source (Cereals (Wheat, Corn & Others), Legumes (Soybean, Pea)(Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein)), Pseudo cereals, Brasssicaceae species, Others (Sunflower). Based on application, the bioactive protein and peptides market is segmented on application into functional food, functional beverages, dietary supplements, animal nutrition, personal care, and others (printing & painting).
Based On The Source, The Plant Segment Is A Major Contributor To The Bioactive Protein And Peptides Market.
The plant source segment led the market during the forecast period. Due to rising consumer demand for vegetarian diets, plant-based bioactive protein and peptides from soy and pea are becoming more prominent in the market. Meat avoidance is becoming more popular for various ethical, environmental, and health reasons. Additionally, plant-source bioactive proteins and peptides are often 20% to 30% less expensive than bioactive proteins and peptides derived from animal sources, and manufacturers, therefore, frequently use them due to the simplicity of the extraction procedure.
The Nutritious Animal Segment Witnessed Growth At A Rapid Rate.
Animal Nutrition grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. Animal nutrition focuses on the dietary requirements of animals, primarily those used in agriculture and food production, but also those kept in aquariums, zoos, and for the management of wildlife. Animal nutrition is crucial for the health and productivity of farm animals. The market will have opportunities during the anticipated period due to the feed industry's growing technological advancements. Animal nutrition market growth is primarily driven by rising demand for safe and healthy animal feed, restrictions on antibiotic use, and increased producer awareness of animal health.
The North American Bioactive Protein And Peptides Market Hold A Significant Revenue Share In The Region.
The North American bioactive protein and peptides market is expected to register the highest market share. Due to the rising demand for sports and dietary foods, North America's bioactive protein and peptides market is expanding quickly. In North America, consumers are very concerned about their health and wellness equipment. Additionally, consumers in North America are choosing ready-to-eat and ready-to-drink food and beverages due to their busy lifestyles and work cultures. This has created an enormous opportunity for manufacturers in the North American bioactive protein and peptides market to create products specifically for the functional food and beverage segment. Besides, the Asia Pacific region is accounted to hold a significant share of the market. Due to the widespread consumption of animal products and the well-established animal nutrition system. Due to lucrative market opportunities in the animal feed sector, like those offered by Eubiotics, and growing concerns about the disease outbreak in the region, the Asia Pacific market is anticipated to grow significantly over the coming years.
Recent Developments:
- In December 2022, Bunge, a prominent figure in agribusiness, food, and ingredients sectors globally, intends to commit around $550 million to construct a comprehensive facility for soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) production.
Global Bioactive Protein and Peptides Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 64.70 Billion |
|
Revenue Forecast In 2031 |
USD 132.84 Billion |
|
Growth Rate CAGR |
CAGR of 9.57% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Source, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Archer Daniels Midland Company (ADM), Kerry Group, Cargill Inc., Omega Protein Corporation, Bunge Ltd., E.I., Du Pont De Nemours and Company, Fonterra Co-operative Group Ltd., Royal DSM and CHS Inc. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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