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The analysts forecast the Global Protein Ingredient market to grow at a CAGR of 6.03 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing global health-conscious population. The Global Protein Ingredient market has also been witnessing the growth in the Food and Beverage industry. However, the low awareness rate could pose a challenge to the growth of this market.
The report, the Global Protein Ingredient Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Protein Ingredient market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Food and Beverages industry includes a diverse set of products such as fresh, frozen, and processed foods and it is expected to grow at a CAGR of 3-5 percent during the forecast period. In particular, the growth is expected to be high in developing countries such as China, Brazil, and India.
The main factors contributing to the growth of the industry are the increase in the global population, the increasing demand for healthy and nutrient-rich packaged food and beverages, and the increase in the purchasing power of the population in emerging countries. The rapid economic growth in countries such as India and Vietnam has resulted in a significant increase in the disposable income of the consumers in these countries.