Functional Proteins Market is Anticipated to Witness a Substantial Growth Through 2025
Growing demand for
nutraceuticals and rising concerns towards maintaining a healthy diet are
acting as key factors for the growth of global functional proteins market.
According
to TechSci Research report, “Global Functional
Proteins Market By Type (Hydrolysates, Whey Protein Concentrates, Whey
Protein Isolates, Caseinates, Soy Protein and Others), By Application
(Functional Food, Functional Beverages, Dietary Supplements and Animal
Nutrition), By Source (Plant and Animal), By Form (Liquid and Powder), By Region,
Forecast & Opportunities, 2025”,
the market is anticipated to undergo a healthy growth during
the forecast period. Key factors propelling the growth of global functional
proteins market are changing consumer lifestyles coupled with growing concerns
pertaining to maintaining a healthy diet and enhancing the nutritional value of
food. Moreover, sports nutrition functional food and dietary supplements are
gaining huge popularity among working population which is acting as a major
booster for the growth of global functional proteins market. The increasing
cases of chronic diseases is another factor which is creating high demand for
functional proteins. Apart from that, functional proteins find wide application
in food industry and with technological upgradation, the market is poised to
witness a rapid growth in coming years.
Additionally, the growing demand for plant proteins in
beauty and personal care products is also supporting the growth of global
functional proteins market. Manufacturers are focusing on product innovation
and are increasing market penetration of powdered drink mixes in order to meet
the growing demand. Furthermore, animal-derived proteins are also gaining high
demand from sports and fitness enthusiast consumers. However, high cost
involved in R&D activities are acting as a restraining factor for the market
growth. Moreover, stringent laws by regulatory bodies in various regions are
likely to hamper the growth of global functional proteins market.
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The global
functional proteins market can be segmented based on type, application, source,
form and region. Based on type, the market can be categorized into hydrolysates,
whey protein concentrates, whey protein isolates, caseinates, soy protein and
others. Among them, whey protein concentrate segment is likely to undergo
significant CAGR during the forecast period on account of their increasing
application in various food and beverages. Whey protein concentrates are carbohydrate
free, fat-free, and almost cholesterol and lactose-free.
Based
on application, global functional proteins market can be categorized into functional
food, functional beverages, dietary supplements and animal nutrition. Among
them, the functional beverage segment is expected to witness high growth
through 2025 owing to increasing demand of protein shakes for weight management
by sports enthusiast and working class professionals. Moreover, the
availability of functional beverages in various flavors is also attracting new
consumers around the world.
Major players operating in the global functional
proteins market are Kerry Group, Glanbia Plc, Arla Foods, Fonterra Co-operative
Group Limited, Koninklijke DSM N.V., Archer Daniels Midland Company, Cargill,
Incorporated, Roquette Frères, SunOpta, Inc., BASF SE and John Pointon &
Sons Ltd. Leading companies are undergoing growth strategies such as new
product launches, mergers & acquisitions and collaborations in order to
enhance their presence in global functional proteins market.
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“North
America is expected to lead the global functional proteins market during the
forecast period on account of increasing number of health conscious population
and rising popularity of sports nutrition. Moreover, countries like United
States and Canada are experiencing high demand for weight management nutrition
which is likely to provide lucrative growth opportunities for functional
protein manufactures. However, increasing prevalence of chronic dieses and
concerns pertaining to healthy lifestyle are leading to rapid growth of
functional proteins market in Asia Pacific region,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Functional Proteins Market By Type
(Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Caseinates,
Soy Protein and Others), By Application (Functional Food, Functional Beverages,
Dietary Supplements and Animal Nutrition), By Source (Plant and Animal), By Form
(Liquid and Powder), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of functional
proteins market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global functional proteins market.
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