Product ID: UCMIG30H2076
Report ID:
UCMIG30H2076 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for antimicrobial (enzymatic) protein hydrolysates in food and pet food applications had a value surpassing USD 194.5 million in 2021. It is projected to exhibit a compound annual growth rate (CAGR) of approximately 9% from 2022 to 2028. This growth is attributed to increasing consumer demand for safe and healthy food products, along with rising awareness about the benefits of antimicrobial protein hydrolysates in maintaining food quality and extending shelf life. The market's positive trajectory indicates a promising future for the adoption of these protein hydrolysates in the food and pet food industries.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30H2076