Protein Ingredients Market is likely to expand at promising CAGR

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Protein Ingredients Market to exceed 40bn by 2024
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Key Insights from Protein Ingredients Market

• Global Protein Ingredient Market size was higher
  than 22.1 billion for 2015 and forecast to
  record CAGR of more than 7.1 by end of forecast
  timeframe. Rising customer consciousness about
  health advantages from nutrient intake coupled
  with growing importance of its use in cosmetics
  segment as well as in food beverages segment is
  predicted to industry expansion. Further,
  favorable impact on cardiovascular health and
  diabetes prevention coupled with muscle building
  has positively stimulated the industry demand.
  Approvals by European Union and Food Drug
  Administration to utilize protein ingredients in
  customer products coupled with its wider adoption
  in countries like Canada, Australia and Japan are
  projected to promote global protein ingredient
  industry expansion.
• Global protein ingredient industry is segmented
  into products like dairy proteins and plant
  proteins. Dairy proteins segment is further
  sub-segmented into whey protein hydrolysates,
  milk protein concentrates, gelatin, egg protein,
  whey protein isolates, caseinates, whey protein
  concentrates and gelatin. Plant proteins segment
  is sub-segmented into textured soy protein,
  wheat, pea, soy protein concentrates, soy protein
  isolates and canola.However, low adoption of
  other ingredients owing to lack of consciousness
  can inhibit industry growth. Limited supply of
  soybean as well as rising demand from alternate
  applications and channels are key factors
  projected to affect global protein ingredient
  market price.

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Continued...

• Soy concentrates sub-segment dominated plant
  ingredient segment demand and was worth higher
  than 2.1 billion for 2015. Easy digestion, high
  nutrition value and better fat retention ability
  are main features stimulating demand of the
  product. Soy protein use in baked items, poultry,
  pet foods as milk substitutes for calves and
  breakfast cereals are key applications driving
  industry growth. Among plant ingredient, canola
  is predicted to experience high gains and
  predicted to record CAGR of more than 12.1 by
  end of forecast timeline. Pea protein segment
  size can surpass 31 kilo tons by end of forecast
  timeline with higher than 10.1 expansion. Egg
  protein ingredient sub-segment led the dairy
  protein segment and was evaluated at higher than
  10.1 billion for 2015.
• Whey protein hydrolysate which is the sub-segment
  of plant protein segment is anticipated to record
  greater than 6.6 of CAGR by end of forecast
  timeline. Approval by FDA (Food Drug
  Administration) and USDA (U.S. Department of
  Agriculture) to use these products in medicines
  and bakery items due to its emulsifying features
  is predicted to drive the sub-segment demand.
  Further, its rising use in cosmetics sector owing
  to its enriched supplements in ski and hair items
  is predicted to fuel demand for the product.
  Global protein ingredient market is segmented
  into applications like animal feed, infant
  formulation, food beverages and cosmetics
  personal care.

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Europe Plant Protein Ingredients Market size, by
product, 2013-2024 (USD Million)

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