5 food protein ingredient market trends to look out for over 2018-2024
Date: 2018-07-10   Author: Saipriya Iyer  Category: #market

5 food protein ingredient market trends to look out for over 2018-2024

The increasing popularity of wellness products across the globe on account of health concerns will reportedly drive food protein ingredient market. Protein being one of the most pivotal replenishment additives, forms an important part of dietary supplements. Seemingly, protein based products are liable to be used as safe additives for healthy snacks, nutrition bars, instant milk mixes, bakery products, and soups, propelling food protein ingredient market share.

Five trends characterizing food protein ingredient market:

  • Asia Pacific food protein ingredient market size will surpass USD 5.65 billion by 2024. The growth will apparently be driven by the large availability of plant-based raw material on account of the agro-based economies in the region and the changing food consumption shift toward veganism.
  • Protein supplements find applications in sports nutrition product on account of the product demand to improve recovery after an intensive workout session, maintain stamina, and gain muscle strength. As per estimates, food protein ingredient market size from sports nutrition will surpass USD 13.90 by 2024.
  • Animal-based food protein ingredients market size will cross 3.25 million tons in terms of volume by 2024. The growth can be attributed to the increasing investments in livestock feed for enhanced yield and productivity and technological breakthroughs in meat processing techniques.
  • Aided by the economies of UK, Germany, France, and UK Europe food protein ingredient market size will record a CAGR of 6.5% over 2017-2024. The regional growth is also influenced by a supportive regulatory framework set up by the EFSA.
  • Estimates claim plant-based food protein ingredients industry size to register a CAGR of 6.5% over 2017-2024. The rising vegan populace and the growing concerns regarding livestock disease will drive the adoption of plant-based food protein ingredients.

The major contenders of food protein ingredient market have reportedly adopted novel product innovation as an important growth strategy, given the extensive demand for diverse health supplements. ADM, DuPont, Bunge, Mead Johnson, and Cargill are some of the companies that form the competitive landscape of food protein ingredient market.

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

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