Valuation of Protein Hydrolysate Ingredients Market to reach US$ 1,500 Mn by 2024
Verfasser: yogesh on Monday, 27 March 2017Infant formula segment likely to record 6.6% CAGR over the forecast period
Rising demand for infant formulas enriched with whey protein hydrolysates is anticipated to fuel revenue growth of the infant formula segment over the forecast period. In 2015, the infant formula segment was valued at over US$ 1,900 Mn and was estimated to exceed US$ 2,000 Mn by the end of 2016. The infant formula segment is projected to register a CAGR of 6.6% in terms of revenue during the forecast period. This segment is projected to account for an incremental value of more than US$ 1,500 Mn between 2016 and 2024.
Rising ratio of working mothers is likely to boost the infant formula segment of the global protein hydrolysate ingredients market
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