Title: Protein Ingredient Market size to reach $43.3bn by 2024
1Protein Ingredient Market size worth 43.3bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 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.
3Continued...
- 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.
4Europe Plant Protein Ingredients Market size, by
product, 2013-2024 (USD Million)
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6360 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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