NEW YORK, Feb. 19, 2021
NEW YORK, Feb. 19, 2021 /PRNewswire/ -- Attributed to growing demand from the infant formula industry, the global market for alpha lactalbumin has seen significant growth over the past few years, and the trend is expected to continue over the next decade as well. Due to its superior nutrient structure, which closely resembles breast milk nutrients, demand for alpha lactalbumin is expected to rise lucratively over the coming years. Owing to its nutritional benefits and rich amino acid composition, the use of alpha lactalbumin in balanced foods is expected to witness significant growth.
Optimum growth and development of babies is supported by alpha lactalbumin, which is another factor surging demand for products containing alpha lactalbumin. It is estimated that, the alpha lactalbumin market will increase throughout the forecast period (2020 to 2030) at a healthy CAGR of close to 8%.
Key Takeaways from Alpha Lactalbumin Market Study
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Manufacturers of alpha lactalbumin can target the sports nutrition segment, as it is a leading source of protein and essential amino acids. Swelling growth of the sports nutrition sector is expected to aid market expansion," says an analyst at Persistence Market Research.
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The global alpha lactalbumin market is mainly characterized by regional players, who hold around 50-65% share of the market. Market players are expected to continue increasing production capacity, and are focused on strengthening processing units with the introduction of new technologies. Companies are expected to further their business goals by expanding their product portfolios. They are also working toward certifying products and facilities from international authorities.
Ø In 2019, Arla Foods Ingredients Group P/S obtained GRAS (Generally recognized as safe) approval for the use of alpha lactalbumin in infant formula.
Explore More Valuable Insights on Global Alpha Lactalbumin Market
Persistence Market Research, in its new report, offers an impartial analysis of the global alpha lactalbumin market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights on the market based application (infant formula, clinical nutrition, sports nutrition, nutraceuticals, and others), across seven major regions of the world.
Browse Research Release at: https://www.persistencemarketresearch.com/market-research/alpha-lactalbumin-market.asp
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