Phospholipid Market Driven by Rising Application in Nutraceutical Industry: Future Market Insights
Soaring demand for green and natural ingredients in personal care and nutraceutical products among consumers stimulating growth
DUBAI, UAE / ACCESSWIRE / April 7, 2021 / ESOMAR-certified market research firm Future Market Insights recent report on the global phospholipid market has projected the market to expand at a steady rate in 2021. Increasing application in pharmaceutical and nutraceuticals industries is expected to enable growth in the phospholipid market.
According to the study, the market is poised to reach a valuation of US$ 2.85 Bn through 2021. Rising demand for nutritious food and beverages owing to the increasing preference for healthy lifestyle will fuel the demand for phospholipids, especially in the nutraceutical segment. According to the report, the nutraceutical segment accounts for 40% of phospholipids sales.
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The global protein ingredients market size is expected to reach USD 85.5 billion by 2028 and is expected to expand at a CAGR of 10.5%
The market is expected to witness significant growth over the forecast period owing to increasing consumer awareness regarding maintaining a healthy diet and leading an active lifestyle. In addition, the growing popularity of adopting a high protein diet as a part of weight reduction is expected to propel the demand for protein ingredients.
Increasing innovations by various manufacturers in terms of manufacturing proteins that contain a wide range of amino acids and specific functions, including energy balance, weight loss, muscle repair, and satiety, are expected to create immense growth potential for the market over the forecast period. Moreover, ascending demand for protein ingredients among women owing to the prevalence of the strong not skinny trend as well as the r
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Baking ingredients are food materials employed in bakery industry to prepare ready-to-eat foodstuffs. These ingredients enhance the texture, color, flavor, volume, softness, and other properties of the food items. They are available in wide varieties, and their utilization in bakery products depends upon the consumption patterns of different regions. Bakery industry possesses high growth potential, and is anticipated to garner a remarkable position in the food processing sector. This is attributed to the fact that the demand for bakery items, owing to busy lifestyle and increase in preference for fresh & ready-to-eat convenience foods comprising of high nutritional values.
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Global Fats and Oils Market to Reach $307 Billion by 2027
Amid the COVID-19 crisis, the global market for Fats and Oils estimated at US$ 228.6 Billion in the year 2020, is projected to reach a revised size of US$ 307 Billion by 2027, growing at a CAGR of 4.3% over the period 2020-2027.
Liquid, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$ 206.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid segment is readjusted to a revised 3.5% CAGR for the next 7-year period.