According
to a research report by Grand View Research, Inc., the global proteiningredients market is anticipated to reach USD 48.77 billion by 2025. The major
growth driving factor for the market is strong scientific evidence supporting
various health benefits of protein ingredients. Increased awareness among
people about functional foods and dietary supplements is also a critical factor
for market development.
Fluctuating
prices of these ingredients may have an adverse effect on market expansion.
Moreover, cost of soybean fluctuates constantly due to an imbalance in the
demand and supply of grains, causing a rise in the production costs of protein ingredients.
This is also likely to hamper the growth of this market. However, shifting
preference of consumers toward healthy diet will continue to contribute to the
increased demand for protein ingredients, as it has over the past few years.
This can be attributed to an increasing number of consumers opting for
sustainable and healthier food options.
Full Research Report On protein ingredients market Analysis:
https://www.grandviewresearch.com/industry-analysis/protein-ingredients-market
Economic
development along with increased consumer disposable income in various
developing regions is also estimated to have a positive impact on industry
growth. The worldwide demand for these ingredients was 4,500 kilo tons in 2015
and is predicted to reach 8,000 kilo ton by 2025 expanding at a CAGR of 6.2%
from 2016 to 2025.
The
global protein ingredients market is categorized as per application, type, and
geography. On the basis of application, the market is segregated into personal
care and cosmetics, infant formulations, foods and beverages, and animal feed.
On the basis of type, the market is segmented into plant proteins, which
includes textured soy protein, wheat, soy protein isolates/concentrates, pea,
canola, and others and animal proteins, which includes casein/caseinates, milk
protein concentrates/isolates, egg protein, whey protein concentrates/hydrolysates/isolates,
and gelatin.
Recently,
Carbery Group introduced its latest innovation, Optipep 4bars, from its hydrolyzed
whey protein range. The new ingredient delivers a soft texture throughout its
life span while enhancing nutritional profile. In addition, this ingredient
offers fast absorption, which helps improve digestion.
View More Reports Of This Category By Grand View
Research At: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Based
on geography, the market is divided into Asia Pacific (APAC), North America,
Latin America, Europe, and Middle East and Africa (MEA). North America was the
biggest regional market and accounted for 35% of the overall market demand in
2015. This expansion can be attributed to growing health consciousness, along
with rise in different applications such as cosmetics and food and beverages.
The US market is likely to witness rapid growth as a result of increased
consumption of cold cereals, energy bars, and other healthy snacks. In
addition, advent of cholesterol-free beverages and food items containing low
amounts of saturated fats is projected to boost demand during the next few
years.
Europe
was the second largest regional market in 2015 and held 30% of the worldwide
consumption due to growth of the cosmetics and personal care industries in
countries such as Germany, France, and U.K. The APAC region is predicted to exhibit
the fastest growth in terms of revenue over the next eight years, registering a
CAGR of 7% from 2016 to 2025. Rapid development of the cosmetics and healthcare
industries in various developing countries such as South Korea and China is a key
driving factor.
In
addition, comparatively lower cost of labor and plant and animal protein
production in APAC compared to developed
regions are anticipated to contribute toward the region’s expansion. A lot of
key manufacturers are trying to strengthen their presence in this region on
account of easy availability of raw materials and low production costs. This is
also expected to have a positive impact on the development of this region in the
coming years.
Some
of the prominent firms operating in the global protein ingredients market are
Mead Johnson Nutrition; Bunge Ltd.; E. I. du Pont de Nemours and Company; The
Archer Daniels Midland Company; and Cargill, Inc. This competitive market is characterized
by joint ventures and mergers and acquisitions.
View
Press Release of this research report by Grand View Research: https://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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
