Press release
Global Food Protein Ingredient Market 2024 Forecast & Companies – DuPont, ADM, Cargill, Bunge and Fonterra
North America food protein ingredients industry should grow significantly at a rate of over 6% by 2024. This growth in demand can be ascribed to consumer inclination towards consuming healthy foods. Rise in disposable income among consumer class and unique marketing strategy adopted by manufacturing companies to expand its product marketing should drive industry growth.
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Food Protein Ingredients market should surpass USD 29 Billion by 2024; according to a new research report. Shift in consumer preference towards dietary supplements pertaining to its health benefits with growing application outlook in food & beverage industry should drive food protein ingredients market. Consumer inclination towards plant-based proteins due to its functional & nutritional benefits including lowering blood pressure and reducing risk for heart disease and cancer should bolster product demand.
Rising demand for soy and milk protein in fortified food industry during forecast period should drive industry growth. Whey protein offer protection against cancer, reducing stress and improving immune system along with fat loss and mass gain. Technological advancements in whey priotein production to increase concentration levels and developing feasibility testing programs should propel product demand.
Food protein ingredients industry from sports nutrition should witness gains at over 7% during projected period. Protein being a vital ingredient for basic biological function of human body along with muscle building and offering post workout performance should bolster product demand. Rice protein demand in sports nutrition is high owing to its amino acid profile along with high concentration of glutamine and arginine.
Animal based food protein ingredients market should surpass USD 22 billion by 2024. This rise in demand for products can be attributed to growing need for protein and amino acid in people?s daily diet. Global population is estimated to increase by one third by 2050, demanding increase in production of food by 70%. Technological improvements in rendering technology and hydrolysis should also bolster industry growth.
Germany food protein ingredients industry should surpass USD 2 billion by 2024. Growing demand for plant-based protein owing its associated health benefits and rising vegan population should bolster industry growth. Gender equality spreading through society makes women resume professional career after childbirth creating a need for to consume protein-based food driving product demand.
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Global food protein ingredients market share is moderately fragmented with key industry participants including DuPont, ADM, Cargill, Bunge and Fonterra. These companies focus on expanding production capacity and regional presence of product penetration through strategies like mergers & acquisition, partnerships and joint ventures. Companies also heavily invest in R&D to develop diversified product portfolio with wider application scope.
Table of content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Protein Ingredients Industry Insights
Chapter 4 Food Protein Ingredients Market, By Product
Chapter 5 Food Protein Ingredients Market, By Application
Chapter 6 Food Protein Ingredients Market, By Region
Chapter 7 Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/food-protein-ingredient-market
Related Report:
United States Pea Protein Ingredients Market Report 2018
In this report, the United States Pea Protein Ingredients market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-pea-protein-ingredients-market-report-2018/?utm_source=RR-AN
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