Growing Health Consciousness and Scientific Advancements Drives Growth in the Global Protein Ingredients Market, According to New Report by Global Industry Analyst, Inc.

GIA announces the release of a comprehensive global report on Protein Ingredients markets. The global market for Protein Ingredients is projected to reach US$27.6 billion by the year 2018, primarily driven by growing health conscious population coupled with scientific development and rising income levels, particularly in the developing countries. In future, rigid regulatory monitoring and replacement of animal based proteins with plant sources will propel strong growth for cheaper and healthier Protein Ingredients.

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Protein Ingredients: A Global Strategic Business Report

San Jose, California (PRWEB) October 04, 2012

Follow us on LinkedIn – Protein ingredients market continued to witness positive growth despite the recession, with growth rates experiencing only a minor dip during the 2008-2010 period. The market is back on the growth trajectory with plant proteins in particular, experiencing robust growth. This is primarily due to the scientific advances and changing perceptions of the growing health conscious population. The excellent growth rates in the soy protein market are attributed to the US government ruling favoring the health claims for soy protein and extensive market promotional activities for soy. Additionally, substitution of animal proteins in favor of less expensive plant protein ingredients in myriad areas of food manufacturing provided a major boost to the market. Growing demand for nutraceuticals and ready meals and the emergence of markets such as sport nutrition and dietary supplements are expected to further propel the demand for cheap sources of proteins such as soy.

The last two decades witnessed a dramatic change in the global egg production patterns. Global market for Egg Proteins and egg-based products is currently on a roll, thanks to the increasing consumption of protein in many developing regions of the world. With eggs being the cheapest form of protein, consumption of the same is on the rise particularly in countries which are characterized by low but rising levels of income. Further, growing population in various countries and development of the food sector that uses egg and egg products as a key ingredient are the other factors that bode well for the market. Europe, once considered the world’s largest egg producer has witnessed a hefty whittling down of its share in the global market. The EU battery cages legislation also played a major role in eroding production levels within the country. Overtaking Europe, Asia currently stands as the world leader in egg production, powered by China capturing a major share of over 30% in the global production.

Soy Proteins is a burgeoning market within plant-based proteins, particularly in developed markets of North America and Europe. The segment is expected to rally ahead at a robust CAGR of 8.8% through 2018. The growing importance of soy foods is mainly attributed to the Food and Drug Administration (FDA) health food claim, growing nutrition awareness, and the improved taste of soy products. In the developing world, China is currently transforming into one of the major markets for whey, as demand for high-value whey products in on a steady rise in the country. Despite its high popularity, soy protein is not considered the most efficient protein ingredient in the plant protein segment, as there exists another form of protein that has a higher PER level. PER levels of Canola protein are relatively higher than PER of soy protein, and even match with the rates of some animal proteins. Due to this, Canola has been gaining increasing popularity in recent years, with many companies displaying interest for commercializing the protein ingredient.

Europe represents the largest regional market worldwide amassing a majority share of the global market, as states by the new market research report on Protein Ingredients. Europe, one of the largest protein markets in the world, is currently facing a demand-supply imbalance in the egg protein sector, owing to a ban by the EU council directive on battery cages used for housing chickens. The stringent ban mandated in the year 2012 led to a massive egg shortage in the country, impacting several end-use industries and a sharp increase in prices of egg and egg-derived ingredients. The United States market for protein ingredients is forecast to surge ahead at the strongest compounded growth rate of 8.6% through 2018. Increasing preference for plant based proteins over animal protein ingredients and favorable government inducements towards adoption of healthier soy proteins are catalyzing swift growth in the market.

Major players profiled in the report include Archer Daniels Midland Company, ADM Alliance Nutrition, Inc., Armor Proteines S.A.S., Bunge Limited, Burcon NutraScience Corporation, Cargill Food Ingredients, Dean Foods Company, Gelita Group, DuPont Agriculture & Nutrition, Associated British Foods, Kellogg Company, Kerry Ingredients Inc., Kraft Foods, Inc., Omega Protein Corporation, Sonac BV, Sterling Gelatin Ltd., Tessenderlo Group, and Wacker Chemical Corporation, among others.

The research report titled "Protein Ingredients: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for Animal Protein (Fish, Meat, Milk, Egg and Gelatin) and Plant Protein (Soy and Gluten). Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific, Latin America, and Rest of World. The study also provides a historic perspective depicting consumption data over the period 2004 through 2009.

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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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

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