San Francisco, California, February 13, 2018 – The protein ingredients market is currently gaining strong traction from the prosperity of the food industry. A recent business and commerce publication by TMR Research has projected that the demand in the global protein ingredients market will multiply at a formidable CAGR of 6.50% during the forecast period of 2017 to 2027. The analysts of the report have estimated that the vendors of this market will have an opportunity worth US$64.35 bn to share from by the end of 2027, considerably up from its evaluated valuation of US$31.8 bn in 2016.
The report, titled “Protein Ingredients Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” is a comprehensive study compiled by a group of professional and experienced research analysts, aspiring to serve as a decision-making tool for its targeted audiences such as seed producers and suppliers, animal by-product suppliers, protein ingredient manufacturers, intermediary suppliers such as wholesales, traders, and dealers, and manufacturers of food and beverage products, animal feed products, cosmetic and personal care products, and pharmaceuticals. The report contains an executive summary on how the demand has evolved in the global protein ingredients market and where it is headed and what are the factors that will determine the demand during the aforementioned forecast period. The analysts of the report have also segmented the market for protein ingredients on the basis of product, form, and application. In addition to that, the report explores the potential of demand that can be expected from various countries and regions in the near future. To complete a thorough study of the market’s condition, the report contains a dedicated chapter on the competitive landscape of the global protein ingredients market, wherein several prominent players have been assessed for their product offerings, key financials, recent developments, and strategic decisions.
Increasing demand for functional proteins, rising consumer health awareness, new technological developments, increasing demand for animal protein, and rising requirement of superior personal and healthcare products are some of the key factors augmenting the demand in the global protein ingredients market. On the other hand, stringent government regulations including those regarding the animal proteins and EU regulations as well as increasing consumer demand for product transparency are a few restraints obstructing the market from flourishing. Nevertheless, high potential for dairy and plant proteins are expected to open new opportunities in this market.
Based on product, the protein ingredients market has been segmented into animal protein including whey, milk, egg, casein and caseinates, and gelatin and plant protein including wheat, soy, and pea. On the basis of form, the market has been bifurcated into concentrate and isolate. Application-wise, the market for protein ingredients has been classified into beverages, supplements and nutritional powders, protein and nutritional bars, breakfast cereals, bakery and confectionery, meat and meat products, infant nutrition, dairy products, and animal feed. Currently, animal feed protein is the most profitable segment, providing for a demand share of 80% in 2016.
Geographically, the analysts have highlighted North America are the key region in the global protein ingredients market, providing for a revenue of US$11.96 bn in 2016. Increasing awareness regarding health and growing importance of protein for the same along with substantial disposable income among the urban population of the country of the U.S. are the primary drivers of the North America protein ingredients market. That being said, Europe is another thriving regional market while Asia Pacific is projected for an above-average growth rate.
Archer Daniels Midland Co., Solae LLC, Cargill Inc., ROQUETTE FRERES S.A., Glanbia Plc, Kerry Group Plc, FrieslandCampina DMV B.V., Arla Food Ingredients, Sterling Biotech Ltd, and Davisco Foods International Inc. are some of the notable players functioning in the global protein ingredients market.
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