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Todays Agenda
Dairy Protein
Egg Proteins
Ingredients
Algae
Gelatine
Casein/Caseinates
Soy
Protein
Wheat
Protein
Pea
Protein
Other
Protein
Soy
Protein
Isolate
(SPI)
Rice
Protein
Soy
Protein
Concent
rate
(SPC)
Potato
Protein
Texture
d Soy
Protein
(TSP)
Canola
Protein
L-glutamate
D, L. Methionine
L-Lysine HCL
Glycine
L-Phenylalanine
L-Aspartic acid
L-Threonine
L-Cysteine
D, L Alanine
L- Glutamine
L-Arginine
L- Tryptophan
L Valine
L Leucine
L Alanine
L Isoleucine
L Histidine
L Proline
L Serine
L - Tyrosine
$46.83
7.0%
($ B)
(2013)
Unit Shipment
CAGR
7,834
5.7%
(000 MT)
(2013)
Stable
(2013-2020)
Decreasing
(2013-2020)
Increasing
Europe
2013 Market Size: 2,547
(000 MT)
A mature market, Europe represents
33% of the global consumption.
United States
2013 Market Size: 2,633
(000 MT)
Contributes 34% of global
consumption and is approaching
market maturity.
Asia-Pacific
2013 Market Size: 1,689
(000 MT)
Fastest growing region due to
growth in infant formulas.
Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
Plant
Protein
13.8%
Animal
Protein
61.2%
2500
30
25
2000
20
1500
15
1000
10
500
Specifically in the protein segment, it is expected that the incumbent ingredients will continue to dominate
the market, but niche ingredients such as pea, rice, and canola-based protein ingredients will emerge as a
serious contenders.
Growth
8
Casein/
caseinates
7.5%
Egg Proteins
69.9%
Gelatin
4.6%
Collagen
1.9%
Source: Frost & Sullivan analysis.
Soy protein
concentrate
32.2%
Pea
0.2%
Wheat
22.2%
Textured
soy protein
18.5%
Others (rice
& canola)
0.1%
Pea Proteins
Pea proteins are one of the
few plant protein ingredients
that scores high on
organoleptic acceptance by
consumers. Pea protein
isolates typically consists of
85 percent protein.
Applications include meat
substitutes, processed foods
such as soups, sauces, and
baked goods, snacks,
nutraceuticals, and sports
nutrition.
Source: Frost & Sullivan analysis.
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Bioavailability
Low
High
Regulatory
compliance
Low
High
Safety
Low
High
Green Source
Low
High
Efficacy
Low
High
Cost
effectiveness
Low
High
Water
solubility
Low
High
Organoleptic
Properties
Low
High
Storage form
Low
High
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15%
44%
40%
60%
70%
88%
85%
56%
60%
40%
30%
Egg Proteins
Dairy Proteins
Gluten
Functional Benefits
Soy Protein
Wheat gluten
Nutritional Benfits
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13
RELEVANT MEGA
TRENDS
Identified core total
addressable market and
specific opportunities
Sustainable
Addressable Market
Detailed
Opportunities
Determination Which
Addressable Markets are
Sustainable and Driven by Mega
Trends
Need-based
Opportunities
14
15
The frequency of
cardiovascular death is
correlated more with access
to health care services as
opposed to demand for
services. Thus, this unmet
need in emerging economies
could feasibly be addressed
by value-added nutritional
protein ingredients.
200
400
600
United States
Mexico
Hungary
New Zealand
United Kingdom
Chile
Australia
Canada
Ireland
Luxembourg
Czech Republic
Iceland
Finland
Greece
Turkey
Spain
Israel
Poland
Portugal
Germany
Belgium
Denmark
France
Sweden
Austria
Netherlands
Italy
Switzerland
South Korea
Japan
0
10
20
30
40
Revenue
2013
2.5
2020
4.5
Unit Shipment
506.0
825.0
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
Revenue ($ B)
Creatine
8.2%
Dairy Proteins
59.3%
Plant proteins
22.0%
Sports Nutrition Ingredients Market: Revenue Share End Application, Global, 2013-2020
Protein Powders
30.4%
RTD Shakes
17.3%
Meal
Replacement
Powder
13.6%
18
East Asia
20000
GDP ($US billion)
North America
15000
10000
EE&CA
5000
Latin America
South Asia
MENA
Af rica
Oceania
Central Europe
Africa
EE&CA
South Asia
MENA
Latin America
West Europe
Central Europe
North America
East Asia
Oceania
Note: MENA = Middle East and North Africa. EE&CA = East Europe and Central Asia.
Source: Source: The World Bank and Frost & Sullivan analysis
19
Greater Los
Angeles
20.9 million
Central Mexico
31.41 million
Population above
40 Million
Greater Rio de
Janeiro
17.24 million
Mumbai, Bhiwandi,
Kalyan, Thane,
Ulhasnagar
34.42 Million
Beijing-Tianjin
51 Million
ChongqingChengdu
28.91 Million
Shanghai
67.90 Million
Guangdong Region
58.75 Million
Kolkata,
Howrah
National Capital Region
21.62 Million
in the Philippines
Chennai,
27.75 Million
Kanchipuram,
Greater Bangkok
Pondicherry
19.2 million
15.01 Million
Greater Jakarta
29.8 million
Greater Sao
Paulo
28.78 million
Greater
Buenos Aires
36.48 million
Source: : United Nations, Department of Economic and Social Affairs, Population Division
(2012). World Urbanization Prospects: The 2011 Revision , Frost & Sullivan, 2012
20
2500
South Asia
2000
1500
Af rica
1000
Latin America
500
MENA
EE&CA
West Europe
North America
Oceania
Africa
EE&CA
South Asia
MENA
Latin America
West Europe
Central Europe
North America
East Asia
Oceania
Note: MENA = Middle East and North Africa. EE&CA = East Europe and Central Asia.
Source: Source: The World Bank and Frost & Sullivan analysis
21
United States
120.0
Brazil
100.0
477
80.0
60.0
China
411
1,073
Russia
242
40.0
20.0 India
0.0 150
(0)
10,000 20,000 30,000 40,000 50,000
Gross Domestic Product Per Capita ($US)
60,000
Note: Bubble Size Indicates Cereal Per Capita Annual Consumption (kg).
Source: The World Bank, USDA, and Frost & Sullivan
22
23
CEOs Perspective
24
In the long run, consumers will increasingly prefer a nonprescription option due to personal budget and hassle constraints.
The key challenge that could emerge however is to ensure that the
market wont further digress into the noisy dietary supplement
channel dynamics.
Marketing to
Healthcare Providers
27
The Health and Wellness Mega Trend will sustain the growth of
the protein and amino acid ingredients market.
28
Q&A
Christopher Shanahan
29
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