DUBLIN--(BUSINESS WIRE)--The "Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global protein ingredients market reached a value of US$ 41 Billion in 2017. According to the report, the market is expected to reach a value of around US$ 55 Billion by 2023, exhibiting a CAGR of 5.1% during 2018-2023.
A surge in health-related issues among consumers has led them to opt for functional foods that contain the right amount of proteins and other vital nutrients, thereby being the major growth-inducing factor. Rising trend of wellness among the fitness-oriented consumers and role of protein-rich foods in muscle building and weight management are further stimulating the market growth. Moreover, increasing demand for protein ingredients in different sectors such as pharmaceuticals and cosmetics is encouraging their consumption. Demographic changes such as increasing urbanisation, rising income levels and ageing population have increased the demand for protein ingredients globally, therefore contributing to the market growth.
The report has segmented the market on the basis of product type into animal and plant proteins. Currently, animal proteins account for the majority of the total market share. This segment is further segregated into egg protein, whey protein, gelatin, casein and milk protein concentrates/isolates. Whereas, plant proteins include soy protein, wheat protein and pea protein.
Further, on the basis of application, the food and beverage sector holds the largest share. It is followed by personal care and cosmetics, pharmaceuticals and animal feed sectors.
Region-wise, the report covers Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Currently, Europe represents the largest market, accounting for the majority of the total global share.
- Cargill Inc.
- Archer-Daniels-Midland Company
- Kerry Group
- Omega Protein Corporation
- Mead Johnson
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Protein Ingredients Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Protein Ingredients Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/lmlrvm/global_protein?w=4