Global Functional Protein Market is projected to reach 2,280 kilo tons by 2022
Jun 29, 2017
Global Functional Protein Market has witnessed continued demand during the last few years and is projected to reach 2,280 kilo tons by 2022, at a CAGR of 3.78% by 2022
Pune, India - June 29, 2017 /MarketersMedia/ —
Introduction:
The global market for functional protein has witnessed continued demand during the last few years and is projected to reach 2,280 kilo tons by 2022, at a CAGR of 3.78% by 2022. Increase in demand of functional protein across functional segments particularly for sport nutrition and digestive nutrition is likely to drive the global functional protein market.
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Europe will continue to dominate the functional protein market with more than 35% market share and it is projected to reach more than 828 kilo tons with CAGR of 2.36% by 2022. APAC will witness the higher growth rate (~5.48%) during forecast period 2016 to 2022. North America region will witness the growth of 4.88% in functional protein market for the same period. Growing popularity of sport nutrition and weight management nutrition in Europe is driving the market growth. Changing lifestyle and increasing awareness about health benefits of functional protein in Asia Pacific region is playing a key role in the market growth from last few years.
Key Findings
1) The global functional protein market is projected to reach 2,280 kilo tons by 2022 of 3.78%
2) Animal protein will continue to dominate the functional protein market with 49% market share and it is projected to reach 1,118 kilo tons with CAGR of 3.32% by 2022
3) Powder form will continue to dominate the functional protein market with 52% market share and it is projected to reach 1,190 kilo tons with CAGR of 3.91% by 2022
Key Players
The leading 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) and MaxiNutrition (U.K.)
Target Audience
1) Functional Protein manufacturers
2) Pharmaceutical Industry
3) Food and beverages industry
4) Sport Nutrition Manufacturers
5) E-commerce
6) Retailers and wholesalers
7) Traders, importers and exporters
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Source: MarketersMedia
Release ID: 212634
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