- The revenue of the North American protein ingredients market was $ billion in 2015 and is expected to grow at a CAGR of % between 2015 and 2020.
- Market volume was estimated to be million tonnes in 2015 and is forecast to grow at a CAGR of % between 2015 and 2020.
-Market participants range from specialized manufacturers, targeting a specific type of protein such as egg protein or dairy proteins, to those participating in more than one product and more broad-based companies that target animal proteins or plant proteins as a whole.
- The intensity of market rivalry is increasing, as manufacturers focus on Research and Development (R&D) efforts to improve functional properties of proteins and attract Food and Beverage (F&B) manufacturers.
Top Market Trends
-Health and fitness is taking a front seat in consumer minds as they try to increase their dietary intake of proteins. This has resulted in a high demand for protein fortification of foods, thereby driving the growth of protein ingredients.
- Plant proteins are increasingly growing as the preferred safe choice of proteins as health-conscious end users try to minimize meat intake.
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