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The global market for protein ingredients is being driven by the rising incidences of diabetes, obesity, and malnutrition, leading to a surge in health-conscious consumers across the world. Further, the product is widely used in the food and beverages industry in the production of infant formula, dairy and bakery products, beverages, and dietary supplements owing to its several benefits, such as weight regulation, increased immunity and physical strength, and muscle loss reduction.
Archer-Daniels-Midland Company (NYSE: ADM) is an American food company that offers processed foods and commodities across the globe. In May 2019, the company announced that it would present its most recent plant-based protein ingredients soon. This would also allow cost-effective meat processing and vegetarian and vegan substitutes to serve as current consumer trends. Such developments are expected to influence the market positively.
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Cargill, Incorporated, Archer-Daniels-Midland Company, Kerry Group, Omega Protein Corporation, and Mead Johnson are the key players in the global protein ingredients market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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