Surging Demand for Soy Protein Ingredients Drives the Global Protein Ingredients Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Protein Ingredients markets. Global market for Protein Ingredients is forecast to reach US$30 billion by 2020, buoyed by growing significance of plant protein ingredients, and surging demand for functional foods and beverages.
San Jose, California (PRWEB) May 27, 2014
Follow us on LinkedIn – Proteins are considered vital for human beings, given their significance in promoting wellness and health. Protein ingredients have long been used by food and beverage manufacturers not only to enhance nutritional profile of products, but also to improve product functionality in terms of smell, texture, taste, binding or gelling. With consumers increasingly looking to increase their protein intake, manufacturers are using protein ingredients in a wider range of products. In the coming years, growth in the protein ingredients market will be influenced by expanding population base, growing health awareness, rising income levels, and rising demand from the food and beverage industry. A key opportunity for protein ingredients is in the weight management space, wherein diets high in protein and low in carbohydrates are used to combat obesity, control blood sugar and manage weight. High-protein functional foods are gaining increasing significance for both weight management and for muscle building. Increasing demand for protein-rich sports nutrition products, especially those fortified with dairy based ingredients is a major driving force in the market. Growth is also driven by increasing use of protein ingredients in infant formulas to address the nutritional needs of growing infants.
As stated by the new market research report on Protein Ingredients, the United States represents the largest and the fastest growing market worldwide with a CAGR of 8.3% over the analysis period. Growth is driven by increasing adoption of plant protein ingredients, especially soy, in a range of applications. Over the years, developed markets have witnessed a marked deceleration in demand for animal protein ingredients, with a commensurate rise in demand for plant protein ingredients. Emerging markets are expected to fuel future growth in the market. Middle East, Latin America, and Asia-Pacific offer huge growth opportunities for protein ingredients.
Plant proteins are gaining momentum, supported by the rising trend of vegetarianism particularly in emerging countries, coupled with the significant price differential between plant and animal protein ingredients. Scientific advancements and changing perceptions about safety of animal proteins are fuelling demand for plant proteins. Given their high nutritional content, functionality, versatility and eco-friendliness, soy proteins have emerged to be the dominant plant protein ingredient finding application in a range of products. However, despite the growing significance of plant based protein ingredients, animal protein ingredients continues to remain the largest product category driven by the established confidence in their efficacy in geriatric nutrition, infant nutrition, and sports and fitness nutrition. Dairy ingredients are playing a major role in this segment owing to increased use in the food and beverages industry. Milk Protein Concentrates (MPCs) are rapidly replacing dairy products such as skim milk powder due to their low cost and usage flexibility. Water binding, emulsification, mouth feel, enhanced viscosity and favorable nutritional profile include some of the functional properties that are fuelling demand for MPC. Demand for egg proteins also continues to gather pace owing to its versatility, specifically in confectionary and bakery applications, and its cost effectiveness in comparison with other types of proteins.
Major players covered in the report include Archer Daniels Midland Company, Armor Proteines S.A.S., Burcon NutraScience Corporation, Cargill Incorporated, Gelita AG, Glanbia Plc, DuPont Nutrition & Health, Kerry Ingredients & Flavors, Linyi Shansong Biological Products Co. Ltd., MGP Ingredients Inc., Sonac, Rousselot SAS, and Tessenderlo Group, among others.
The research report titled “Protein Ingredients: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, key growth drivers, segmental analysis, mergers, acquisitions, other strategic industry activities of major global players. The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America and Rest of World markets. Product segments analyzed include Animal Proteins (Fish, Meat, Milk, Egg and Gelatin), and Plant Proteins (Soy and Gluten).
For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Protein_Ingredients_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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