(Entertainment-NewsWire.com, June 20, 2018 ) Woodridge, USA Jun 2018(News) - Globally, plant proteins have witnessing less demand which is driving higher private investments by companies involved in the Protein Ingredients Market to gain consumer attention and encourage buying. Companies who manufacture plant-based protein from North America and Europe are spending more on marketing activities to promote plant protein as animal protein are very popular among the consumer groups in those particular areas. Increase in the expenditure by companies involved in protein ingredients supply backed by growing awareness among consumers will continue to drive higher demand for protein ingredients.
Key Players: The leading market players in the global protein ingredients market primarily are Archer-Daniels-Midland Co. (U.S.), Solae (U.S.), Shandong Yuwang Industrial Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Gushen Biological Technology Group Co., Ltd (China), Solbar (Israel), Nutripea (Canada).
Segments: Protein ingredients market has been segmented on the basis of feedstock which comprises of soy, wheat, pea, canola, whey, milk, casein, egg, beef, pork, and others. On the basis of form, protein ingredients market has been segmented into powder, bars, ready to drink, capsules & tablets, and others. Protein ingredients market has been segmented by application such as functional foods, sports nutrition, meat additives, confectionery & other Food Products, pharmaceuticals, and others
Key Findings: • Whey & soy protein is estimated to account for the significant market share in the year of 2017. The trend is expected to continue throughout the forecast period • Among the application, Functional foods and sports nutrition currently dominate the market and will continue to be the major end-use markets for protein ingredients with projected share together of about 58.4% by 2022.
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