Protein Ingredients Market Set to Gain New Growth Opportunities by Investing on R & D
Based on source, the Protein Ingredients Market is segmented into animal protein and plant protein. The demand for particular type of protein is highly dependent on dynamics of end-use applications. The dietary protein supplements and functional foods are the major end users of the market of protein ingredients. Meat Proteins are predominantly used in industries such as pet food and cosmetics whereas, wheat and egg proteins are extensively used in bakery and confectionery.
The protein ingredient is a cost effective solution and it does not causes any intolerance in kids, hence it is registering with high demand and growth for the market. In animal protein, dairy protein ingredient account the largest share whereas in plant protein, soy protein ingredient account the highest share of the Protein Ingredients Market. Animal feed, cosmetics and personal care products are found to be emerging segments of this market.
Rising demand for health supplements, energy protein drinks and processed foods are the key growth drivers of the Protein Ingredients Market. Growing application of protein ingredients in nutraceuticals, food and beverage, and health supplement is expected to fuel the market growth in the upcoming years.
On the basis of region, the Protein Ingredients Market is segmented into North America, APAC, Europe and Rest of the World. North America is leading the market with highest market share and is expected to exhibit healthy growth during the forecast period. This market is expected to witness the fastest growth in the other regions like Asia Pacific, Europe and Rest of the World, with in few years.
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