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Global Functional Proteins Market Expected to reach USD $5.70 billion by 2022, Key Players - Fonterra Co-Operative Group, Arla Foods AMBA, Kerry Group, Glanbia PLC, APC Inc., Saputo Ingredients and Friesland Campina
Global Functional Proteins Market
Proteins play a wide role in the functioning of immune systems and digestive enzymes. Functional Proteins Market is segmented by type, forms, source and application. By type functional proteins are segmented into whey protein, hydrolysates, whey concentrate, whey isolates and soy protein. Whey protein occupied the largest share because of its wide range of usage in beverage industry which is carbohydrate free and cholesterol free. Whey proteins have less cost than hydrolysates which makes this segment as a leading factor. At a CAGR of 6.7 % from 2017 to 2022, the soy proteins experience a growth as they are high in nutrition and its easily digestible nature. Base on form, the functional proteins market is segmented into liquid and powder forms. The liquid form segment occupies highest share in the market. Functional proteins from plants have wide range of usage in cosmetics. Global Functional Proteins Market is expected to reach a value of USD 5.70 billion by 2022.
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Global Functional Proteins Market - Drivers and Restraints:
The awareness over fitness among consumers is driving the growth of functional protein market. The functional proteins are widely used in beverages, dietary supplements and in bakery products. As consumers are demanding to health products, the market seems to have high growth. People inclined towards fitness encourage protein shakes to manages body weight is supplementing the market growth. As animals and plants are the main sources of functional protein, the diseases for plants and animals restrain the growth of functional proteins.
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Global Functional Proteins Market - Geographic segmentation:
Geographically, the functional protein market is segmented to North America, Europe, Asia pacific, Middle East and Africa, and Latin America. Asia Pacific is witnessing the highest revenue in the market at a CAGR of 6.7% in the period 2017 to 2022. The growth in urban population, and busy lifestyle remained as factors in Asia Pacific to lead the market in the forecast period. North America holds the highest shares in the market. Raising popularity of nutrition and weight management is driving Europe. By bringing awareness about nutritional products, Asia Pacific region has growth in the functional protein market. New Zealand and China are increasing their products manufacturing materials to have a growth in the functional protein market. Mexico launches new products and expecting to have a growth in the forecast period.
Top Key Players in Global Functional Proteins Market:
Fonterra Co-Operative Group, Arla Foods AMBA, Kerry Group, Glanbia PLC, APC Inc., Saputo Ingredients and Friesland Campina, Herbalife International and Amway are the key players in the functional protein market.
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