According to a report published by Grand View Research, Inc.; the protein ingredients market is expected to reach a valuation of around USD 48.77 billion by 2025.
Growing consumer awareness and acceptance for functional foods and dietary supplements can drive the market during the forecast period (2014 to 2025).
Consumers’ trust in the health benefits associated with these products is remain expected to be the vital driving factor for the market. Protein is a key constituent of the cell that help to heal human body. Also, these ingredients can be used in the manufacturing of printing inks, paper, paints, paper coatings, fertilizers, sizing for textiles, and insect sprays. Soybean is extensively used in manufacturing dry strength additives due to their effective dry strength and low cost as compared to guar gum, polyacrylamides, chitosan, and carboxymethyl cellulose. In addition, developments in extraction technique has help to extract different types of ingredients from milk such as isolates, concentrates, and hydrolysates. Therefore, increasing use of these products in innovative applications and technological developments is expected to boost the market growth in the coming years.
Full Research Report On Protein Ingredients Market Analysis: https://www.grandviewresearch.com/industry-analysis/protein-ingredients-market
Worldwide protein ingredients market can be segmented on the basis of type, plant ingredient products, animal ingredient products, and applications, and region. As per, type, the market can be classified into plant proteins and animal proteins. Based on plant ingredient products, the market can be split into wheat, textured soy protein,soy protein isolates, soy protein concentrates, canola, pea, and others. On the basis of animal ingredient products, the market can be categorized into milk protein concentrates/isolates, egg protein, whey protein concentrates, whey protein hydrolysates, gelatin, whey protein isolates, and casein/caseinates. Based on application, the market can be bifurcated into infant formulations, foods and beverages, personal care and cosmetics, and animal feed. In 2015, the food and beverage segment accounted for the major share of over 50% of total demand. The segment is also likely to dominate the market during the forecast period owing to growing population, changing lifestyle of consumers and growth in restaurants cafes in emerging countries like China and India. The infant formulation segment reported as the second largest segment and estimated for over 15% of overall consumption in 2015.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and MEA. In 2015, North America acquired the largest market share over 35% of total demand. Growing consumption of cold cereals, snacks, and energy bars are expected to support the market growth in this region. Introduction of new products to cater consumers requirement such as cholesterol free beverages and low saturated fat is also expected to boost the demand for these products in the region. FDA approval for the use of these products in food sector is expected to increase these products in end-use industries including cosmetics, infant formulations, and food. This is expected to support the market growth in the coming years.
View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Asia Pacific is likely to show rapid growth at projected CAGR of over 7% in terms of volume during 2016 to 2025 due to rise in domestic demand and export. Thriving healthcare and cosmetics industries in countries including China, Japan, South Korea, and India along with comparatively low price of these products as compared to the U.S. and European countries can positively drive the market in the years to come. Several infant formulation companies are shifting their manufacturing facilities to this region, specially in Australia and Japan to take an advantage of low manufacturing costs.
Increasing concerns regarding skin related problems due to growing elderly population and frequently changing climate conditions in Australia, India, and China are likely to increase demand for personal care products. This is expected to spur the market growth over the forecast period.
Key companies operating in the market include Cargill Inc.; CHS Inc.; ADM Inc.; Bunge Limited; and DuPont. Major market participants are focusing on strengthening their hold in Asia Pacific region due to availability of raw material and low production costs.
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