Future Market Insights (FMI), in its new research study, underlines the key elements shaping growth of fish protein concentrate market for the assessment period of 2019-2029. According to the research study, sales of fish protein concentrate touched ~ 57,466 MT in 2018, and are likely to grow by 5.5% YOY in 2019. As fish protein concentrate goes up the popularity scale as a viable ingredient for value-addition, market players are looking for ways to enable a production ramp-up in a bid to bridge the supply-demand gap.
The $2 billion market for nutraceutical excipients will reportedly see a healthy Y-o-Y expansion at more than 6% in 2019. According to a recently published research report of Future Market Insights (FMI), over 3/5th of the overall consumption is accounted by dry nutraceutical excipients. The thriving trend of preventive healthcare is primarily creating a favorable environment, boosting sales of nutraceuticals and nutraceutical excipients.
Consistent demand for functional ingredients complementing the flavor and texture profile of end-use products is anticipated to be the major push factor driving global micellar casein consumption. At an estimated steady growth in the revenues at 6.1% CAGR between 2019 and 2029, the micellar casein market is highly likely to see promising growth outlook in coming years.
Evolving consumers’ purchasing strategies have concurrently led to changes in the marketing strategies of manufacturers. At present, consumer reliance on a product is built on the basis of the available technical information about it such as the ingredients used in its making.
Demand for vegan protein blend is tremendously growing among consumers all over the world. The growing trend of fitness and bodybuilding has a significant impact on the vegan protein blend market. Vegan protein blends are the protein blends which are completely free from dairy.
Sports nutrition consists of products which include supplements, food and drinks majorly developed for body builders, athletes and other health conscious people. These nutrition based products are specifically formulated in order to fulfill varied nutritional requirements in a human body. The major ingredients available in such nutrition products include minerals, vitamins, amino acids, and various other botanical ingredients. Escalating awareness of consumers to maintain a healthy and balanced lifestyle is anticipated to bolster the growth protein rich sports supplements market over the forecast period 2016-2023.
The increasing demand for fat replacer in convenience foods & beverages, as well as bakery products and potential health benefits of fat replacer, are the key growth factors defining the Also, the increase in health awareness among urban population and changing lifestyle due to rapid urbanization are the key parameters which boost the growth of the fat replacer market. The prominent market players are strategically focusing on the introduction of enhanced product offerings to capture the maximum market share and improve the overall profitability. Urban consumers are aware of the new products that offer several benefits are available in the market which is the major driving forces for the consumer inclination towards fat replacers. The shifting preference towards consumption of dietary products among consumers owing to rising awareness regarding the various health benefits it offers, including normalized bowel movement, reduced cholesterol levels, controlled blood sugar levels and also aiding in maintaining healthy body weight is a significant factor driving the growth of the global market.
The North America market has been estimated to dominate the fat replacer market, accounting for the maximum revenue share of the market by 2018-end. Europe and Asia-Pacific markets are expected to account for over 25.7% and 21.8% revenue share, respectively, of the global fat replacer market by 2028 end. Among the emerging markets, APEJ is estimated to exhibit a significant CAGR of 6% over the forecast period of 2018-2027, followed by MEA with 4.9%, and Latin America with CAGR 4.6%.