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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