News

Protein Ingredients Market Set To Record Impressive Growth, Revenue To Surge To US$ 44.6 Billion By 2024

With the presence of a large pool of participants, the global protein ingredients market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Mead Johnson, Bunge, DuPont, Cargill, Nutra Science, Burcon, Rousselot, Scoular, Tessenderlo, and ADM are some of the key vendors of protein ingredients across the world. These players across protein ingredients market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the protein ingredients market study.

Citing an instance, on September 18 2018, Epi Ingredients – a major global distributor of dairy items & a division of French based Laita firm—launched SoBenefik– a high-protein yogurt concept and product that can be manufactured only through the help & use of ultra-filtered dairy powders.

Global Protein Ingredients Market

As estimated in this report, the global protein ingredients market earnings is valued at US$ 27.4 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this protein ingredients market is expected to reach US$ 44.6 billion by the end of the forecast period.

Mammoth Investments In Agro-Based Industries To Upswing Market Growth Graph

“Favorable government policies to promote farming activities along with massive funding of agro-business activities are the key factors driving the growth of protein ingredients market,” says the author of this protein ingredients market study. Apart from this, growing demand for processed meat as a result of shifting preferences towards protein-rich nutritious diet is expected to boost protein ingredients market revenue during the forecast period. In addition, growing application of proteins as food ingredients in cereals, bread, baked goods, protein biscuits and bars, sauces, soups, nutritional beverages, meat products, and nutritional supplements are likely to open new vistas of growth for protein ingredients market in the years to come.

Furthermore, the product finds myriad applications across cosmetics, food & beverages, infant formulation, animal feed, and pharmaceuticals.

Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/protein-ingredients-market

Huge Demand For Fat Free & Protein Rich Diet To Support Regional Dominance

Regionally, North America has been leading the worldwide protein ingredients market and is anticipated to continue on the dominant position in the years to come, states the protein ingredients market study. Rise in the intake of snacks, cold cereals, and energy bars having proteins as major ingredients  is the key  factor behind the dominance of the North America protein ingredients market. Product launches by key market players such as Mead Johnson and Cargill highlighting on fulfillment of consumer requirement for cholesterol free as well as saturated fat beverages in North America is another significant factor that is supporting the progression of this regional protein ingredients market. In addition, tilting trend of consumers towards health benefitting soy-based items along with U.S. FDA approval of these soy items has resulted in widespread use of protein ingredients in cosmetics, food, and infant formulations across North America, thereby further expanding the business sphere.

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Related Post

Tags
Show More

Hiren Samani

Hiren is an energetic travel aficionado and a gizmo freak. He prefers to write when engaged in finding out how science works on every possible action or occurrences. Hiren is passionate about the work research he does and has succinct knowledge about the same, which makes him an efficient contributor of our team.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close