South Korea Protein Ingredients (Animal & Plant) Market Overview, 2027

South Korea Protein Ingredients (Animal & Plant) Market Overview, 2027

Actual Market Research 01-06-2022 52 Pages Figures : 7 Tables : 22 Region : Asia-Pacific Country : Korea South Category : Food & Beverages Food

A composition of amino acids is known as a protein. These are the organic compounds made of carbon, hydrogen, nitrogen, oxygen, or sulfur. Since amino acids are the building blocks of proteins, proteins are the structural blocks of the muscle mass. As protein is consumed, it breaks down in the body and helps to fuel the muscle mass. The protein is a macronutrient that helps to structure the muscle mass, so it is commonly found in animals as well as plants. Both the animal-based protein and the plant-based protein are of different types. Animal-based proteins are those that are extracted from animals. These proteins are widely used in the food industry to form protein particles. The most commonly used proteins that are widely used are the egg and the milk protein. Plant-based protein, on the other hand, is derived solely from plants, including a wide range of foods. At the most, these proteins are mainly found in nuts, legumes, seeds, and beans.

According to the Actual Market Research (ActualMR), report title “South Korea Protein Ingredients (Animal & Plant) Market Overview, 2027”, the protein ingredient market in South Korea is about to grow and show a valuation of more than 7% CAGR from 2021-2027. It is being studied that there are four major applications that are food and beverages, animal feed, pharmaceutical and nutraceutical, cosmetics and personal care, and others. In this case, the major driver for the protein ingredient is the pharmaceutical and the nutraceutical sector, which is about to experience growth of more than 6% CAGR. The protein ingredients are simplified into two forms, namely plant-based and animal-based protein ingredients. The plant-based proteins are the proteins that reduce the cholesterol level, which is stated to be at risk for heart disease. The pea protein ingredient is observed to be the growth factor because of the use of ingredients in the powder form in the juices and ready-to-drink materials etc. The pea protein ingredient market is about to witness a growth of more than 8% in the upcoming forecast year.

The animal-based protein is derived from egg protein, milk protein, whey protein, casein/caseinates, gelatin, and fish protein. Egg protein and milk protein are observed to be part of their daily meals. On the other hand, there are almost 9 amino acids which are required for the body and must be obtained through diet. These amino acids are present in the milk protein. It is also studied that around 80% of caseins and 20% of the whey protein are present in the cow’s milk. Because of the increase in the population of gym hitters, whey protein is regarded as the primary driver for animal-based protein ingredients. protein has an expected growth of more than 8% from 2021–2027. Also, the Koreans use fish oil to prevent the risk related to heart disease.

After experiencing the sharp growth of the novel coronavirus, the Korean government took measures for the citizens' health and to regulate their health. One of them is, The food supplier in the country should have a certificate with the food and drug safety department of South Korea, stating that the food supplied is organic food and not inorganic food. Also, there are several laws made by the Korean government taking into consideration people's health.

Considered in this report
• Geography: South Korea
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South Korea Protein Ingredients Market with its value and forecast along with its segments
• Region & wise Protein Ingredients market analysis
• Application wise Protein Ingredients distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Based on source of protein ingredients
• Animal protein
• Plant protein

Based on animal type of protein ingredients
• Egg protein
• Milk protein
• Whey protein
• Casein protein
• Gelatin protein
• Fish protein, Others

Based on plant type of protein ingredients
• Soy protein
• Pea protein
• Wheat protein
• Others

By application type in the report:
• Food & Beverages
• Animal Feed
• Cosmetic & Personal care
• Pharmaceutical & Nutraceutical
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to food and beverage industry, Medical industry, cosmetic industry, animal nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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