Press release
Increasing Consumer Adoption to Fuel Demand for Alpha Lactalbumin Market
Optimum growth and development of babies is supported by alpha lactalbumin, which is another factor surging demand for products containing alpha lactalbumin. It is estimated that, the alpha lactalbumin market will increase throughout the forecast period (2020 to 2030) at a healthy CAGR of close to 8%.
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Key Takeaways from Alpha Lactalbumin Market Study
• Among the application segments, infant food is estimated to experience substantial growth in the alpha lactalbumin market, with increased number of working women leading to rising infant food production. The segment holds around 56% of the global market, and will reach US$ 195 Mn by the end of 2030.
• Among the regions, Europe is the dominating market with over one-third of the overall market, followed by North America, which holds around one-fourth share.
• China is the leading market in East Asia, and is expected to expand at a CAGR of 8.5% through 2030.
• The market in India is projected to rise at an impressive CAGR of 9.5% over the next ten years.
• Germany is the major market in Europe, pegged at a CAGR exceeding 6%.
• The alpha lactalbumin market in the United States is expected to expand at a CAGR of more than 6% through 2030.
Manufacturers of alpha lactalbumin can target the sports nutrition segment, as it is a leading source of protein and essential amino acids. Swelling growth of the sports nutrition sector is expected to aid market expansion,” says an analyst at Persistence Market Research.
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Competitive Landscape
The global alpha lactalbumin market is mainly characterized by regional players, who hold around 50-65% share of the market. Market players are expected to continue increasing production capacity, and are focused on strengthening processing units with the introduction of new technologies. Companies are expected to further their business goals by expanding their product portfolios. They are also working toward certifying products and facilities from international authorities.
• In 2019, Arla Foods Ingredients Group P/S obtained GRAS (Generally recognized as safe) approval for the use of alpha lactalbumin in infant formula.
Explore More Valuable Insights on Global Alpha Lactalbumin Market
Persistence Market Research, in its new report, offers an impartial analysis of the global alpha lactalbumin market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights on the market based application (infant formula, clinical nutrition, sports nutrition, nutraceuticals, and others), across seven major regions of the world.
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Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
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