Global Protein Ingredients Market Reinforced by Adoption of Protein Rich Diet
Added: (Fri Jan 04 2019)
Pressbox (Press Release) -
Over the years, the global protein ingredients market has witnessed a moderate growth on account of rising demand for protein-rich food products. This can be attributed to factors like rising health-consciousness amongst consumers, rapid urbanisation, growing population and increasing cases of obesity as well as diabetes.
According to the latest report by IMARC Group, titled “Protein Ingredients: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global protein ingredients market reached a value of US$ 31 Billion in 2017. Proteins are large molecules of amino acids which supports in building and repairing of tissues. As proteins help in improving the overall functioning of the body, they are regarded as the building blocks of life. In addition to this, proteins are beneficial in regulating weight, reducing muscle loss and enhancing physical strength. Apart from this, protein ingredients aid in maintaining an adequate level of proteins in the human body, thereby keeping it fit and healthy in the longer run. This has added to their increasing popularity across the world, particularly in the health and wellness industry for the production of dietary supplements and other food products.
In the recent years, the adoption of protein-rich diet has accelerated on account of growing inclination of consumers towards healthy food products. This shift can be accredited to factors like rising cases of obesity and diabetes as well as advancing demand for superior health care products. In addition to this, expanding awareness about functional food products and dietary supplements is contributing towards the growth of the global protein ingredients market. Apart from this, increasing number of health clubs coupled with ascending demand for soy proteins in food applications like dairy products, sports nutrition and snacks is further supporting the growth of the market. Some of the other growth inducing factors include mounting populating, rapid urbanisation and flourishing food and beverages industry particularly in the emerging regions. Looking forward, the market value is projected to exceed US$ 43 Billion by 2023, expanding at a CAGR of more than 6% during 2018-2023.
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