NEW YORK, June 30, 2015 /PRNewswire/ -- Food &
beverage, animal feed, cosmetics & personal care product, and
the pharmaceutical have witnessed tremendous growth over the years
owing to growing level of demand from end users for nutritional and
health benefiting products. This has substantially benefited the
protein ingredients industry, as an upsurge in the demand was
witnessed. New technologies have initiated the emergence of
innovative usages of protein ingredients. The developing countries
present a viable market for the manufacturers as these regions are
emerging as potential markets with the availability of raw
materials. The rise in disposable income of the growing
middle-class population in developing countries is also creating
demand for a broad range of products from different industries.
To maintain a competitive edge in the protein ingredients market
and to expand their geographical reach, the key players were
observed to prefer expansion as a strategy to penetrate new and
untapped markets. Acquisition of local players and building a new
customer base for long-term client relationships was another major
strategy adopted by the industry players. This has not only enabled
the key players to expand their geographical reach, but has also
reinforced their market position by gaining a larger share in terms
of revenues and product portfolios. Small-scale players have also
adopted this strategy to expand their businesses globally, by
investing in the establishment of manufacturing facilities and
technical service centers in various regions. This inorganic growth
strategy is an important proposition for the smaller companies,
enabling them to increase their technical expertise through
intensive R&D infrastructure offered by the bigger players.
Leading players such as Archer Daniels Midland Company (U.S.),
Kerry Group plc (Ireland),
Cargill, Incorporated (U.S.), and E. I. du Pont de Nemours and
Company (U.S.) have been profiled in the report. Other prominent
companies in the market are Omega Protein Corporation (U.S.), Arla
Foods (Denmark), Amco Proteins
(U.S.), Fonterra Co-Operative Group LTD (New Zealand)), Gelita
AG (Germany), Hilmar
Ingredients (U.S.), and Kewpie Corporation (Japan). These key players were also observed
to prefer new product launches to gain a larger share in the
market.
The report provides a complete analysis of the key companies and a
chronology of developments with respect to new products and their
applications; it also analyzes the market dynamics. The report also
highlights key market drivers and restraints for the key regions of
the world.
North America led the market for
protein ingredients in 2014, closely followed by Europe. This is attributed to the high level
of consumption of protein ingredients in various end-use industries
including food & beverage, animal feed, cosmetics &
personal care, and pharmaceutical. The Asia-Pacific and RoW regions are estimated to
grow at a higher rate as compared to the matured markets of
developed economies.
SCOPE OF THE REPORT
This study categorizes the protein ingredients market on the basis
of source of ingredients and their applications. The regional
analysis is further extended with projections of the market size of
their key contributing countries.
On the basis of key source, the market was segmented as
follows:
- Animal source
o Dairy protein
? Milk protein concentrates
? Whey protein
? Casein
o Egg protein
o Gelatin
- Plant source
o Soy protein
? Soy protein isolates
? Soy protein concentrates
? Texture soy protein
o Wheat protein
o Vegetable protein
? Pea protein
? Other vegetable proteins
On the basis of key applications, the market was segmented as
follows:
- Food & beverage
- Animal feed
- Cosmetics & personal care
- Pharmaceutical
On the basis of key regions, the market was segmented as
follows:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Read the full report:
http://www.reportlinker.com/p03035778-summary/view-report.html
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