Global protein ingredients market is projected to reach USD 33.91 billion by 2020. Growing demand for the product due to increasing application scope in the end-use application including functional foods is expected to propel growth.
Rising consumer awareness regarding functional foods and dietary supplements and functional foods has played a critical role in market growth. In addition, rising health awareness among consumers coupled with widespread applications in cosmetic products and personal care is expected to drive market growth.
On-going research has proved protein to be the best source to keep the body fit. Protein ingredients also find use in infant formulation. Demand for such products which are high in protein content is increasing across the globe owing to their efficiency and high nutritional value.
Food & beverages application accounted for over 45% of protein ingredients market share by volume in 2013. Rising demand for nutritional supplements among consumers owing to various health benefits is projected to propel further the market growth. Furthermore, use of animal & plant protein in food products such as sour cream dips, sour cream, frozen desserts, concentrated beverage powders, and other cheese-like products is expected further augment the growth of the market.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/protein-ingredients-market
Further key findings from the study suggest:
·
Animal protein is expected to witness the
highest growth on account of numerous health benefits supported by scientific
research. Animal protein segment is projected to grow at a CAGR of 7.3% over
the forecast period. Whey protein a sub category of animal proteins is
beneficial for cancer patients and is expected to witness substantial growth
over the forecast period.
·
Egg protein, a sub category of animal protein is
the largest product segment in animal protein ingredients market. Egg protein
accounted for over 40% of market volume. Egg proteins are extensively used in
food & beverage products such as sports food, meat, bakery and ice creams.
Egg protein is very useful in overcoming nutritional deficiencies which are
expected to bolster growth over the next few years.
·
Asia Pacific is expected to gain a market share
of over 20% by 2020. This growth is attributed to growing animal feed industry
in countries such as China and India. Moreover, Asia Pacific is projected to
witness significant gains for the ingredients in infant formulationson account
of notable increase in birth rates as well rising disposable income in
countries including China and India.
·
North American protein ingredients market is
expected to witness substantial growth, growing at a CAGR of over 5.0% from
2014 to 2020. Rising demand for the product in the manufacturing of cold
cereals, energy bars, and snacks is expected to drive demand in the region.
Europe is likely to witness significant growth going forward till 2020 owing to
increasing dairy production in Germany and Poland, which in turn is likely to
cater to the regional demand over the forecast period.
·
The market is consolidated with key players
including Mead Johnson, Solae, and Cargill accounting for 80% of the market
share in 2013. Other prominent market participants include CHS Inc., Danisco,
Archer Daniels Midland, Bunge, DuPont-Solae Scoular, and Cargill.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global protein ingredients market on the basis of product, application and region:
Global Protein Ingredients Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Plant protein ingredients
·
Wheat
·
Soy Protein Concentrates
·
Soy Protein Isolates
·
Textured Soy protein
·
Pea
·
Canola
·
Other
·
Animal/dairy protein ingredients
·
Egg Protein
·
Milk Protein Concentrates/Isolates
·
Whey Protein Concentrates (includes WPC 80 and
WPC)
·
Whey Protein Hydrolysates
·
Whey Protein Isolates
·
Gelatin
·
Casein/Caseinates
Global Protein Ingredients Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
Foods & Beverages
·
Infant formulations
·
Personal care & cosmetics
·
Animal Feed
·
Aquaculture
·
Pet food
·
Others
Global Protein Ingredients Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
For free press release of this report - http://www.grandviewresearch.com/press-release/global-protein-ingredients-market-analysis
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
No comments:
Post a Comment