Global Protein Ingredients Market to Exceed US$24.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Protein Ingredients market. The global protein ingredients market is projected to grow at a steady pace propelled by three major factors, namely an increasingly health conscious population, growing scientific evidences supporting the advantages of proteins, and rising income levels, particularly in the developing countries. As a result, the market is projected to cross US$24.5 billion by the year 2015.

Protein Ingredients: A Global Strategic Business Report

Protein ingredients play a vital role in the food and feed industries. As a result, protein ingredients continue to gain momentum in the global market despite suffering a minor hiccup due to the global recession in 2008 and 2009. The market’s positive outlook is primarily owing to the scientific advances as well as due to the growing health consciousness in majority of the population.

Europe represents the largest market for protein ingredients, as stated by the new market research report on Protein Ingredients. The US, which accounts for more than one-fifth of the global protein ingredients market is projected to expand at an annual average growth rate ranging between 8% and 9% over the period 2010-2015. Growing significance of Asia-Pacific and other developing regions in the protein ingredients market is evident from the increasing proportion of new product launches in these regions.

Plant proteins, in particular are exhibiting robust growth rates as people across the world are increasingly becoming health conscious. Besides the nutrition factor, the vegetarian movement is significantly contributing to the growth of the plant proteins. The segment is forecast to wrest market share from the animal protein ingredients segment over the forecast period. Soy proteins are finding applications in several food products owing to their economic cost against animal proteins. Extensive promotional activity for soy by companies and changing demographic trends such as increase in aging population represents a major driver for expediting soy protein sales. Growing popularity of nutraceuticals and ready meals globally, and the emergence of niche categories such as sports nutrition and dietary supplements are also bolstering the demand for economic sources of proteins. However, in contrast to the developed countries, demand for animal proteins is reportedly picking up in developing countries due to increasing population and rising income levels.

Key players profiled in the report include Archer Daniels Midland, Armor Proteins, Bunge Alimentos SA, Cargill Health & Food Technologies, Dean Foods Company, Gelita Group, DuPont Agriculture & Nutrition, George Weston Foods, Kellogg Company, Kerry Ingredients Inc., Kraft Foods, MGP Ingredients, Omega Protein Corporation, So Good International, Sonac BV, Tessenderlo Group, and Wacker Chemical Corporation.

The report titled “Protein Ingredients: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, industry overview, pricing, product overview, end-use applications, regulatory environment, research & development, technological trends, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as the United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments - Animal Protein Ingredients (Fish, Meat, Milk, Egg, and Gelatin), and Plant Protein Ingredients (Soy and Gluten).

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Protein_Ingredients_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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