Protein Hydrolysate Market Outlook, Trends, Size and Growth to 2023
Protein Hydrolysate Market Overview:
Over the years, protein hydrolysates have become one of the most popular sources of protein, especially for patients who have difficulty in digestion. The demand has increased dramatically worldwide as a result of the increase in the global geriatric population, the increase in the prevalence of several chronic diseases, the increase in health care costs in emerging economies, and the increase in the number of infants in the world.
Protein Hydrolysate Market Size and Growth:
According to the research report, the Protein Hydrolysate Market size was valued USD 2.72 Billion in 2018, and it is expected to reach USD 4.10 billion in 2023 with increasing at a CAGR of 8.55% during the forecast period 2018-2023
Protein Hydrolysate Market Growth Drivers:
One of the main factors influencing the global market is its greater use in infant nutrition and nutraceuticals. As consumers and parents around the world become more aware of the need for these products for proper growth and maintenance of a healthy lifestyle, the demand for protein hydrolysates should also be affected in a positive way. Often, babies cannot digest cow's milk. In such cases, these preparations are fed and are known to help improve the speed of digestion and reduce their vulnerability to allergies.
Protein Hydrolysate Market Regional Existence:
The North American market represents the largest part of the market and it is expected that the regional market will also be in the lead during the forecast period. Massive geriatrics factors such as increased disposable income, busy lifestyles, increasing awareness of the health benefits of protein supplements, and increased spending on health care.
Protein Hydrolysate Market Key Players are mentioned in this Report:
- Fonterra Co-Operative Group
- Agropur Inc
- Milk Specialties Group
- Arla Foods Ingredients Group P/S
- Company A
- Company B
- 10+ More Key Players
Protein Hydrolysate Market – Detailed Segmentation:
Protein Hydrolysate Market – By Product:
- Whey Protein Hydrolysate
- Casein Protein Hydrolysate
Protein Hydrolysate Market – By End-User/Application:
- Pediatric Nutrition
- Clinical Nutrition
Protein Hydrolysate Market – Geographical Segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Rest of the World
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