Developing Nations Emerge as the Building Blocks of the Asia-Pacific Amino Acids and Specialty Proteins Market, says Frost & Sullivan
Manufacturers customize their offerings to suit the varied demographic requirements of the region
SINGAPORE, March 9, 2015 /PRNewswire/ -- The increasing prosperity of developing countries in Asia-Pacific and the concomitant rise in consumer awareness regarding dietary supplements are propelling the Asia-Pacific amino acid market . Acknowledging the benefits of preventive healthcare in a society that is increasingly falling prey to lifestyle diseases, consumers are seeking out fortified foods. This translates to greater opportunities for manufacturers of specialty proteins and amino acid ingredients.
New analysis from Frost & Sullivan, Asia-Pacific Market for Amino Acids and Specialty Protein Ingredients (https://www.frost.com/p85f), finds that the total market earned revenues of US$7.90 billion in 2013 and estimates this to reach US$11.84 billion in 2020.
"The Asia-Pacific region leads the surge in the global gross domestic product of the middle class population," said Frost & Sullivan Chemicals, Materials & Food Industry Analyst Dr.Nandhini Rajagopal.
"Currently, the middle class account for 25 percent of Asia-Pacific's population and this is expected to grow to 55 percent by the end of 2020. The expanding cohort will result in higher prevalence of diseases such as obesity, cancer, diabetes, osteoporosis, and effectually widen the target market for supplements and fortified foods," Rajagopal added.
To cater to the escalating demand, manufacturers are developing new protein ingredients, heat-stable proteins, and proteins that will not interfere with the taste of the food. Green sources will also offer value additions to customers in marketing their functional foods.
Furthermore, cost-effectiveness plays a key role in ingredient selection as the volume required is very high for functional food processing. Water solubility and improved organoleptic properties are other important purchase factors.
In Asia-Pacific, nutritional supplements are often prescribed by healthcare givers for disease prevention; therefore, it is vital for ingredient manufacturers to prove the clinical benefit of each ingredient. Manufacturers will also have to validate their claims according to regional demographic requirements as each Asia-Pacific country has its own set of regulatory policies.
"Significantly, different requirements regarding product formulations will raise production costs. Identifying regions with similar regulatory policies to perform clinical trials simultaneously will go a long way in offsetting the diversity issue and reducing the total time and cost of approval," noted Rajagopal.
Local manufacturing units will help manufacturers boost profit margins in price-sensitive markets. Additionally, entering a high-growth market with scientifically proved products will guarantee revenue growth.
If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at [email protected].
Asia-Pacific Market for Amino Acids and Specialty Protein Ingredients is part of the Food and Beverage Ingredients (http://www.food.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Review of the Dairy, Egg, and Meat Product Market in Asia-Pacific, Review of the Confectionery Product Market in the United States, Growth and Opportunity Assessment of Personal Care Ingredients Market—ASEAN, and An Overview of the South African National Development Plan 2030 and the Industrial Policy Action Plan. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Asia-Pacific Market for Amino Acids and Specialty Protein Ingredients
P85F-88
Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: [email protected]
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: [email protected]
Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: [email protected]
SOURCE Frost & Sullivan
Share this article