The Global Protein Ingredients market is poised to be $28.4 billion in 2014 and is growing at a CAGR of 6.8% to reach $48.1 billion by 2022. Consumer’s attentiveness towards healthy diet and rising demand for animal goods are the key factors driving the market growth. Strict regulations for animal proteins are inhibiting the market growth. Rising potential for plant proteins acts as an opportunity for vendors in the market. The rise in livestock consumption across the world and increasing demand for healthcare products have led to the need for protein ingredients in manufacturing industries such as pharmaceutical, animal feed and cosmetics & personal care.
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Productivity connected to manufacturing is likely to effect in improved marketing expenditures. Presence of favorable management regulations in different regions is likely to boost market growth over the projected period. Protein ingredients have been accepted for use by the U.S. FDA and are approved as necessary ingredients by the European and other countries across the globe including Canada, Australia, and Japan.
The key players in the market include, Sinoglory, Gushen Biological Technology Group Co. Ltd, Unitechem Co. Ltd, Finnsoy, Sakthi Sugars Ltd, Devansoy Inc., Vippy Industries Ltd, Kerry Group Plc and Solae LLC.
Types of Sources:
Personal care & cosmetics
Food & Beverage
Bakery & Confectionary
Cosmetics & Personal Care
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