DUBLIN, April 03, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Protein Ingredients Market - Forecast to 2022" report to their offering.
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 protein ingredients 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 protein ingredients market.
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.
- Amco Proteins
- Archer Daniels Midland Company
- Arla Foods
- E. I. Du Pont De Nemours and Company
- Fonterra Co-Operative Group Ltd
- Gelita AG
- Hilmar Ingredients
- Kerry Group PLC
- Kewpie Corporation
- Omega Protein Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Protein Ingredients Market, By Source
7 Protein Ingredients Market, By Application
8 Protein Ingredients Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dddvsg/protein
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/protein-ingredients-market-to-reach-5849-billion-by-2022---rise-in-demand-for-protein-ingredients-from-industries-like-food-and-beverage-cosmetics-and-personal-care-animal-feed-and-pharma---research-and-markets-300433202.html
SOURCE Research and Markets