Agriculture and Nutrition Opportunity Engine Series—Opportunities in the Global Protein Ingredients Market Forecast to 2022

Agriculture and Nutrition Opportunity Engine Series—Opportunities in the Global Protein Ingredients Market Forecast to 2022

Protein Ingredients Market Is Powered by Rising Wellness Quotient and Changing Consumer Preferences

RELEASE DATE
20-Mar-2018
REGION
Global
Research Code: MD47-01-00-00-00
SKU: FA00524-GL-MR_21682

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Description

The growing demand for protein-based diet among sport professional and increasing awareness for health & wellness among elder and younger population have led to advancements in extraction technologies by ingredient manufacturers and constant innovations with novel ingredients in plant-based and animal-based protein ingredients. These factors will stimulate the growth of global protein ingredients market. Global market Overview: The total global protein ingredients market was valued at $36,126.0 million in 2017 and is expected to grow at a CAGR of 7.2% to reach $51,040.3 million by 2022 due to demand from both plant-based and animal-based protein ingredients. Global animal protein ingredients market contributed to 75.4% and plant protein ingredients market to 24.6% of the total global protein ingredients market in 2017 in terms of revenue. Preference toward plant-based ingredients is on the rise with increasing awareness on the nutritional benefits and some population opting out to be vegan.
Regional Landscape: Of the total global protein ingredients market, North America contributed to 36.3%, Europe to 32.7%, APAC to 23%, and RoW to 8% by revenue in 2017. The APAC market for protein ingredients is expected to increase by 5% in the next 5 years. In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in protein ingredients market are explored in detail with emphasis on key growth factors across animal-based and plant-based ingredients market and technology and product innovations across different product types.

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The growing demand for protein-based diet among sport professional and increasing awareness for health & wellness among elder and younger population have led to advancements in extraction technologies by ingredient manufacturers and constant innovations with novel ingredients in plant-based and animal-based protein ingredients. These factors will stimulate the growth of global protein ingredients market. Global market Overview: The total global protein ingredients market was valued at $36,126.0 million in 2017 and is expected to grow at a CAGR of 7.2% to reach $51,040.3 million by 2022 due to demand from both plant-based and animal-based protein ingredients. Global animal protein ingredients market contributed to 75.4% and plant protein ingredients market to 24.6% of the total global protein ingredients market in 2017 in terms of revenue. Preference toward plant-based ingredients is on the rise with increasing awareness on the nutritional benefits and some population opting out to be vegan. Regional Landscape: Of the total global protein ingredients market, North America contributed to 36.3%, Europe to 32.7%, APAC to 23%, and RoW to 8% by revenue in 2017. The APAC market for protein ingredients is expected to increase by 5% in the next 5 years. In this edition of the Agriculture & Nutrition Opportunity Engine Series, global growth opportunities in protein ingredients market are explored in detail with emphasis on key growth factors across animal-based and plant-based ingredients market and technology and product innovations across different product types.
More Information
No Index No
Podcast No
Author Arun Ramesh
Industries Agriculture and Nutrition
WIP Number MD47-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9104-A2,9595,9938-A2