Protein Ingredient Market size to reach $43.3bn by 2024

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Protein Ingredient Market size worth 43.3bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Protein Ingredient Market

• Protein ingredient market size may exceed 7 tons
  by 2024, increasing consumer health concerns due
  to issues such as diabetes and cardiovascular
  diseases are key trending factors driving demand.
• Europe, with food beverage industry growth in
  Germany, France UK, was valued at over USD 7
  billion in 2015. Personal care cosmetics may
  witness highest growth due to rise in consumer
  preference towards healthy products.
• Bakery applications led the wheat protein
  ingredient market application landscape and was
  worth over USD 390 million in 2015. North America
  was the major contributor and is predicted to
  grow at over 5.

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Continued...

• In revenue terms, soy protein concentrates
  dominated the plant protein ingredient market
  size and was valued at over USD 2 billion in
  2015. Increase in application employability in
  pet foods for calves and pigs to replace milk
  should fuel product demand.  
• Gelatin ingredients in Asia Pacific may grow
  significantly and surpass 80 kilo tons by 2024.
• Global protein ingredients market share is
  consolidated due to presence of limited industry
  players. DuPont, ADM, Bunge, Mead Johnson and
  Cargill were the key dominating companies.

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Europe Plant Protein Ingredients Market size, by
product, 2013-2024 (USD Million)

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360 Analysis

• Product Analysis
• Soy concentrates led the plant ingredient demand
  and were valued at over USD 2 Billion in 2015.
  Easily digestibility, greater fat retention
  capacity and higher nutritional level are key
  properties driving product demand. High original
  fiber availability should see strong penetration
  across infant formula and supplements for
  expecting mothers.
• Regional Analysis
• U.S. protein ingredient market share, dominates
  continental demand, in excess of USD 6.5 billion
  revenue for 2015. Consumer preference for healthy
  products coupled with government acceptance to
  use these ingredients in food, cosmetics and
  infant formulations has driven regional industry
  growth. U.S. may witness significant demand for
  pea based dietary supplements and food products.
• Competitive Market Share
• Global protein ingredient market share is
  moderately consolidated with DuPont, Bunge, ADM,
  Cargill, and Mead Johnson being the major
  industry players. Soy dairy ingredient
  production largely based out of U.S., Italy,
  France, Germany, India and China. Raw material
  availability in China and India influence
  industry players to shift manufacturing base in
  the region.

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