(Food-Beverage-News.Com, July 03, 2018 ) The Global Protein Ingredients market is expected to grow from $30.33 billion in 2015 to reach $28.1 billion by 2022 with a CAGR of 6.81%. Consumer’s attentiveness towards healthy diet and rising demand for animal goods are the key factors driving the market growth. Strict regulations for animal proteins are inhibiting the market growth. Rising potential for plant proteins acts as an opportunity for vendors in the market. The rise in livestock consumption across the world and increasing demand for healthcare products have led to the need for protein ingredients in manufacturing industries such as pharmaceutical, animal feed and cosmetics & personal care.
Some of the key players of the Protein Ingredients market include:
Amco Proteins, Archer Daniels Midland Company, Cargill, Incorporated, Devansoy Inc., E. I. Du Pont De Nemours amd Company, Finnsoy, Gushen Biological Technology Group Co. Ltd, Hilmar Ingredients, Kerry Group Plc, Omega Protein Corporation, Sakthi Sugars Ltd, Sinoglory, Solae LLC, Unitechem Co. Ltd, and Vippy Industries Ltd
Soy concentrates segment is expected to grow at a faster growth rate during the forecast period due to easy digestibility, greater fat retention capacity and higher nutritional level. North America witnessed largest market share in 2015 owing to growing consumer awareness concerning health coupled with growth in applications such as food and beverage and cosmetics.
Furthermore, consumption market share for each application is offered in the research for 2017 in a tabular format. Regional analysis is discussed in terms of current market status and growth prospects for the period, 2012–2023. Geographies analyzed in the study are North America, Europe, Asia Pacific, South America and Middle East & Africa. Statistics on revenue and growth rate for each region are mentioned with the help of figures for the historic period and the forecast period.
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