DUBLIN--(BUSINESS WIRE)--The "Protein Alternatives in Global Market- Growth, Trends And Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The global protein alternatives market accounted for USD 4.2 billion in 2016 and is expected to witness a CAGR of 6.8% during 2017-2022 (forecast period). As a major shift in the consumer behavior of the global market, there is an increased interest in alternative protein sources, such as quinoa-, chia- and chickpeas-based protein.
The growing heath concern, nutritional awareness, and weight management are leading the market demand for alternative protein. The obesity level has doubled since 1980, globally. In 2014, more than 1.9 billion adults were overweight, and about 600 million were obese. Hence, the European and North American markets observed a steep decline in meat consumption and other traditional proteins. Many food processing companies are adding protein substitutes in their product portfolio. For example, soy-based schnitzels have been introduced in many developed markets, which have registered around 20% higher sales in comparison to regular sales. In addition, few companies are producing alternative protein products, which are clean and GMO-free.
By 2022, the global demand for alternative protein is expected to be 20 to 25% higher than the current levels. Asia-Pacific and the African region, along with Eastern Europe, are increasingly consuming alternative protein. These alternative protein products are derived from various sources, such as seeds, pulses, nuts, bacteria or mycoprotein, microalgae, and insect-based protein.
Companies Mentioned
- Nestle Inc
- Mc Corporation
- Adm
- P&G Food Ingredients
- Frito-Lay Inc
- Kraft Foods Inc
- Unilever Inc
- Dsm Food Specialties
- J. Rettenmaier& Sohne
- Forum Products Ltd.
- Levapan Sa
- Kelcogel
- Olean
- Dur-Lo
- Rs Flavour Ingredients
- Conagra Foods Inc.
- Del Monte Foods Inc
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Dynamics
4. Market Segments
5. Competitive Landscape
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/l8mlkh/protein
