|
(MoneyNewsWire.Net, June 06, 2018 ) The protein ingredients market is projected to reach USD 58.49 Billion by 2022, at a CAGR of 6.0% from 2017, in terms of value. In terms of volume, the market is projected to reach 8,713.7 KT by 2022, at a CAGR of 4.9% from 2017. The market is growing in accordance with the advancement of the nutritional food & beverage industry. The rise in demand for protein ingredients from industries such as food & beverage, cosmetics & personal care, animal feed, and pharmaceuticals is driving the market.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-protein-ingredients-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/5920899
The food & beverage segment is estimated to lead the protein ingredients market by application. The pharmaceuticals segment is projected to have the highest growth rate during the forecast period followed by the cosmetics & personal care segment.
The animal protein segment dominated the market, by source, owing to its better nutritional profile than plant protein, its dominant usage in major end-use applications such as functional beverages, and difficulty in substituting egg and gelatin in bakery and confectionery applications. Furthermore, growing consumption of livestock products, rising demand from end-consumers for superior personal, and health care products are driving the market for protein ingredients in the animal feed, cosmetics & personal care, and pharmaceutical industries.
The Asia-Pacific region is projected to be the largest market from 2017 to 2022, India being the fastest-growing market in the region. Asia-Pacific is also projected to be the fastest-growing market during the forecast period, due to the rise in awareness among consumers about products with healthy and nutritive ingredients.
Request free sample @ https://www.researchcosmos.com/request/5920899
The protein ingredients market is concentrated, with leading companies driving market growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as Cargill (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group plc (Ireland), and Omega Protein Corporation (U.S.) have been profiled in the report. These leading players have adopted various strategies such as expansions & investments, mergers & acquisitions, and new product launches to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.
Small-scale players have also adopted these strategies to expand their businesses, globally, by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy enables them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.
Check for discount @ https://www.researchcosmos.com/discount/5920899
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
