Soy & Dairy Protein Ingredients Market Will Hit USD 28.90 Billion by 2020: Grand View Research, Inc

Soy & Dairy Protein Ingredients Market Will Hit USD 28.90 Billion by 2020: Grand View Research, Inc GrandViewResearch.com has announced the addition of "Global Soy & Dairy Protein Ingredients Market Analysis And Segment Forecasts To 2020" Market Research report to their Database. San Francisco, CA, May 02, 2014 -- The global protein ingredient market revenues are expected to reach USD 28.90 billion by 2020, growing at a CAGR of 6.5% from 2014 to 2020. Increasing market acceptance, especially in functional foods and dietary supplements is expected to drive protein ingredient demand over the next six years. Additionally, consumer attitude towards these products has undergone a transition over the last five years; this trend is expected to remain strong in the near future as consumers look for healthier and sustainable options. The report “Protein Ingredients Market Analysis and Segment Forecasts to 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/Protein-Ingredients-Industry Inquiry Before Buying @ http://www.grandviewresearch.com/inquiry/51 Further Key findings from the study suggest: • The global demand for protein ingredients was 3,186.7 kilo tons in 2013 and is expected to increase to 4,583.1 kilo tons by 2020, growing at a CAGR of 5.4% from 2014 to 2020. • Plant proteins accounted for over 56% of global volumes in 2013, and are expected to continue dominating the market over the next six years, growing at an estimated CAGR of 6.3% from 2014 to 2020. • Plant protein ingredients were dominated by soy based products, accounting for over 70% of global volumes in 2013. Global demand for soy protein concentrates is expected to reach 967.6 kilo tons in 2020, growing at an estimated CAGR of 6.3% from 2014 to 2020.

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