- Key vendors include Archer Daniels Midland, Cargill, Kerry Group, Solae LLC
TechNavio, the independent London-based global research firm, shared its research findings from its latest report on the Global Protein Ingredient Market, which finds Egg Protein segment accounting for 39 percent of the Global Animal Protein Ingredient market. The findings are for the forecast period 2014-2018.
Overall, in terms of total revenue generation, the Animal Protein Ingredient segment was the major contributor to the Global Protein Ingredient market in 2013, accounting for 58.5 percent of the market. This market is slightly going to decrease by 2018 due to intense competition from the Plant Protein Ingredient segment.
One of the major reasons for the adoption of plant-based protein ingredients will be due to the cost advantages compared to animal-based protein ingredients. The increase in the incidence of diseases such as BSE among cows is a challenge for this market. However, there will be more scope for innovation with animal protein ingredients in the near future, which will be driving the growth of this market during the forecast period.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global Protein Ingredient Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Protein Ingredient Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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