The global Protein Ingredients market has been growing at a healthy rate, and is expected to follow the same growth trail in the near future. The recent market research created by TMRR finds that the global Protein Ingredients market is estimated to reach a value of ~US$ xx Bn/Mn in 2019, up from ~US$ xx Bn/Mn in 2018, at y-o-y of xx%. Further, the report suggests that ongoing innovations, increasing disposable income, and rising demand from consumers are set to fuel the Protein Ingredients market at a CAGR of xx% over the forecast period 2019-2029.
Each player enclosed in the Protein Ingredients market report is assessed according to its strengths, weaknesses, opportunities and threats. In addition, the report focuses on the nature of the vendors, including product expansion, product launches, acquisitions, partnerships, and market tactics.
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The foremost driver in the global protein ingredients market is the rising awareness of the fact that they help to keep one’s body fit like no other. As a result consumers are increasingly opting for dietary supplements and functional foods. The human body cannot manufacture vital amino acids for repairing cells and hence they need to be provided through diet.
Negatively impacting the global protein market is the unstable prices of the ingredients. On account of the imbalance in the supply-demand of grains, for example, the cost of soybean changes all the time. This eventually reflects in the prices of protein ingredients, thus having a negative impact on the industry.
Protein Ingredients Market: Market Potential
Among the two major types of protein ingredients, the one derived from animals holds a dominating share in the market by dint of having higher nutritional quotient. It has overtaken those derived from plants to find widespread application in end use sectors such as functional beverages. Difficulty in finding substitutes for egg and gelatin in confectionery applications has also led to its sustained demand. The global market for animal feeds is predicted to expand at a good clip in the near future as well.
The food and beverage section holds maximum potential in the global market for protein ingredients on account of the rising health consciousness among consumers who desire healthy diets and nutritious food. Further, proteins are also used for their functional properties such as texturing, solubility, emulsifying, stabilizing, and binding. These functional properties allow manufacturers to reduce their raw material costs for they function as substitutes to certain food additives and help impart specific properties. Because of this, protein ingredients are seeing substantial consumption and demand from segments such as dietary supplements, bakery, beverages, dairy, infant formula, and other food products.
Global Protein Ingredients Market: Regional Outlook
Geographically, the key segments of the market are Asia Pacific, Europe, North America, and the Middle East and Africa. Asia-Pacific, among them, is predicted to gain maximum share in the market in the near future because of its massive population and its increasing ability to splurge of healthy food items. The market in Asia Pacific is primarily powered by India, China, and Japan.
Currently, North America dominates the global protein market owing to the rising consumer awareness pertaining to health and hence the increasing applications in the food and beverage and cosmetics industry. The U.S. leads the market in North America because of the spiking consumption of energy bars, cold cereals, and snacks.
Global Protein Ingredients Market: Competitive Analysis
To assess the competition in the global market for protein ingredients, the report profiles players such as Cargill, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc., and Omega Protein Corporation.
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The Protein Ingredients market research answers important questions, including the following:
- What manufacturing techniques are being implemented by market players for developing Protein Ingredients ?
- Why the demand for the Protein Ingredients gradually decreasing in region?
- How many units of Protein Ingredients are estimated to be sold in 2019?
- Why governments are imposing restrictions on the use of Protein Ingredients ?
- Which country in region is expected to hold the largest share by 2029?
The Protein Ingredients market research provides the below-mentioned data in a critical manner:
- Adoption trend and consumption behavior across various industries and consumers respectively.
- Factors (Positive and Negative) influencing the global Protein Ingredients market.
- Product launches, mergers & acquisitions, and revenue of each Protein Ingredients market player.
- Growth outlook of the global Protein Ingredients market in terms of value and volume.
- Regulatory standards imposed on the application of Protein Ingredients .
And many more …
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This post was originally published on Analytics News