The global
protein ingredients market is expected to reach USD 48.77 billion by 2025,
according to a new report by Grand View Research, Inc. Rising market acceptance,
especially in dietary supplements and functional foods is expected to drive
protein ingredients demand over the next nine years. Scientific research and
studies have proven the health benefits associated with the intake of protein
rich diet.
Rising
consumer preference for healthy diet has resulted in augmented demand for
protein ingredients in the past few years. This trend is expected to remain
strong in the near future as consumers look for healthier and sustainable
options.
Heightened
consumer awareness regarding the health benefits of protein rich diet in
developing countries has fueled the demand for protein ingredients.
Furthermore, economic development coupled with increased purchasing power in
China, India, South Korea, and South East Asian countries is projected to
positively impact the growth of protein ingredients market over the forecast
period.
To request a
sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/protein-ingredients-market
http://www.grandviewresearch.com/industry-analysis/protein-ingredients-market
Further key findings from the study suggest:
- The global demand for protein ingredients was around 4,500 kilo tons in 2015 and is expected to reach over 8,000kilo tons by 2025, growing at a CAGR of 6.2% from 2016 to 2025
- Plant proteins accounted for over 40% of global volumes in 2015, and is expected to grow over the next nine years on account of increasing consumer inclination towards vegetarian products
- Egg protein segment has dominated the animal proteins segment in 2015, accounting for over 43% of global animal proteins market volume owing to rising demand in bakery, snacks, and dietary supplements
- Whey protein concentrates and milk protein concentrates were the other key segments of the animal proteins market in 2015 on account of growing health awareness among consumers
- Food & beverage was the highest revenue generating segment of the protein ingredients market growing at a CAGR of over 5% from 2016 to 2025 due to rising population in developing countries
- Europe was the second largest market for protein ingredients in 2015, accounting for over 30% of the global consumption owing to growth of personal care & cosmetics sector in France, Germany and UK
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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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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