Functional Protein Market Growth Opportunities, Size, Industry Share, Global Trends, Leading Key Players Strategies and Forthcoming Developments till 2022

"global functional protein market is estimated to reach a CAGR 3.78% by the year 2022, functional protein market size, share, and industry analysis by types, by form, by source, by application, and by distribution channels"

Pune, India - June 12, 2019 /MarketersMedia/ —

Market Insights

An impressive growth rate is expected to be witnessed in the global functional protein market, which is recorded to be 3.78% CAGR by the year 2022, as asserted by Market Research Future. The report analysis is conducted based on certain factors impacting such as an increase in demand of functional protein across functional segments predominantly for sports nutrition, and digestive nutrition is likely to drive the global functional protein market in the forecast period.

The research report presents a comprehensive assessment of the market and contains future trend, current growth factors, facts, historical data, and statistics, and industry validated market data. The rising value of protein-prepared convenience foods is expected to have a substantial impact on the market. Generally, functional proteins are widely used as ingredients in food & beverage applications owing to their high functional properties. Therefore, the emerging demand for high-protein & nutritious products, along with an increase in the demand for premium protein ingredients, have tremendously expanded the application areas of functional proteins in the food & beverage industry. These factors have significantly supported the global functional protein market in substantial ways and will continue to rise in the years to come.

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Key Players

The most imperative market players in the global functional protein market primarily are-

• Glanbia Plc. (Ireland)
• Archer Daniels Midland Company (U.S.)
• GNC Holdings Inc (U.S.)
• Herbalife Ltd (U.S.)
• NBTY, Inc. (U.S.)
• Shandong sinoglory health food co., Ltd (China)
• MaxiNutrition (U.K.)

Global Functional Protein Market: Drivers & Trends

Some essential factors that are being supportive of the global functional protein market are increasing market penetration of powdered drink mixes, as a product innovation by companies, is likely to play a decisive role in promoting the functional proteins consumption. This, in turn, is making the functional protein market accessible and bringing opportunities to enter the market in the future.

Apart from this, factors such as the emerging popularity of sports nutrition functional foods and dietary supplements among working professionals are also expected to increase the consumption of protein-enriched foods. Besides this, significant increases in demand for medical nutrition in developed countries for maintaining nutrition levels especially for pregnant women and infants are highly expected for global functional protein market to have a substantial impact during the forecast period.

It has been seen over the past few years that food & beverage manufacturers, across the globe, are using the enrichment of protein ingredients derived from soy and whey in their product. Therefore, the principal motive of incorporating these substances additives in the food & beverage industry is to augment the nutritional content in food items in the forecast period. Such a factor is also somehow attributing to the global functional protein market growth at a rapid pace. Now that, new functional protein manufacturer can develop separate isolates, concentrates and other forms of protein ingredients for various food products is also projected to drive the growth of the global functional protein market during the forecast period.

Market Segmentation

The functional protein market, in the research report, has been segmented by types, by form, by source, by application, and by distribution channels.

By the mode of type, functional protein market is segmented into whey concentrate, casein protein, hydrolyzed protein, egg albumin, soy protein, whey isolates, and milk protein isolate. Among all, whey protein is anticipated to lead the functional protein market in the forecast period. Whey protein is mostly consumed with functional protein due to its properties as an ideal protein source and is also carbohydrate free, fat-free, and almost lactose-free and cholesterol free.

By the mode of form, functional proteins market is segmented into powder and liquid forms.

By the mode of source, functional protein market is segmented into the animal source and plant source.

By the mode of application, the functional protein market is segmented into animal nutrition, functional food, functional beverages, and dietary supplements.

Global functional protein market is further segmented based on the sales channel, which includes direct and indirect sales channel. An indirect sale channel is further sub-segmented as modern trade, pharmacy stores, specialty stores, and e-retailers. Among all these sub-segment e-retailers is expected to represent substantial growth in the global functional protein market. Also, mounting consumer influence towards being fit n healthy is highly likely to support the global functional proteins market growth during the forecast period.

Regional Outlook

Regionally, the reports suggested that Europe will continue leading the Functional Protein Market with more than 35% market share, and it is also projected to reach more than 828-kilotons with CAGR of 2.36% by 2022.

Whereas, Asia Pacific will also witness the higher growth rate of 5.48% CAGR during the forecast period 2016 to 2022.

Furthermore, North America region will view the growth of 4.88% in functional protein market for the same period. The growth of market owes to the growing popularity of sports nutrition and weight management nutrition is highly driving the market growth in this region. With that, changing lifestyle and increasing awareness about the health benefits of functional protein in the Asia Pacific region is playing a crucial role in the global functional protein market growth in the years to come.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312

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Source: MarketersMedia

Release ID: 523181

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