Protein Ingredients Market Report, Industry Overview, Growth Rate and Forecast 2024

NEW YORK - Jan. 6, 2020 - PRLog -- According to the latest report by IMARC Group, titled "Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the global protein ingredients market reached a value of US$ 32.5 Billion in 2018. Proteins are large molecules of amino acids which supports in building and repairing of tissues. As proteins help in improving the overall functioning of the body, they are regarded as the building blocks of life. In addition to this, proteins are beneficial in regulating weight, reducing muscle loss and enhancing physical strength. Apart from this, protein ingredients aid in maintaining an adequate level of proteins in the human body, thereby keeping it fit and healthy in the longer run. This has added to their increasing popularity across the world, particularly in the health and wellness industry for the production of dietary supplements and other food products.

In the recent years, the adoption of protein-rich diet has accelerated on account of growing inclination of consumers towards healthy food products. This shift can be accredited to factors like rising cases of obesity and diabetes as well as advancing demand for superior health care products. In addition to this, expanding awareness about functional food products and dietary supplements is contributing towards the growth of the global protein ingredients market. Apart from this, increasing number of health clubs coupled with ascending demand for soy proteins in food applications like dairy products, sports nutrition and snacks is further supporting the growth of the market. Some of the other growth inducing factors include mounting populating, rapid urbanisation and flourishing food and beverages industry particularly in the emerging regions. Looking forward, the market value is projected to reach US$ 44.9 Billion by 2024, expanding at a CAGR of 5.5% during 2019-2024.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/protein-ingredients-market

Insights on Market Segmentation:

Breakup by Product Type:

1. Animal Proteins

2. Plant Proteins

Breakup by Application:

1. Food and Beverages

2. Personal Care and Cosmetics

3. Pharmaceuticals

4. Animal Feed

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Breakup by Region:

1. Europe

2. North America

3. Asia Pacific

4. Latin America

5. Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Cargill, Incorporated; Archer-Daniels-Midland Company; Kerry Group; Omega Protein Corporation; and Mead Johnson.

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