Functional Proteins Market SWOT Analysis and Opportunity Assessment from 2021-2028: The Insight Partners

TheInsightPartners Publish a New Market Research Report On –"Functional Proteins Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Hydrolysates, Concentrates, and Isolates), Source (Plant and Animal), Form (Dry and Liquid), and Application (Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition, and Others)", The functional proteins market was valued at US$ 10,297.91 million in 2019 and is projected to reach US$ 17,767.48 million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 to 2027.

Consumers are more inclined toward wellness, health, and nutrition content. Food industry is continuously introducing new products considering the adoption of healthy lifestyle among consumers. Among functional food ingredients, protein is one of the significant ingredients that are naturally found in the range of animal and plant sources. Proteins are crucial for the smooth body functioning, and are required for the structure, function, and regulation of the body’s tissues and organs. The awareness among consumers regarding the benefits offered by functional proteins is contributing significantly to the growth of the functional proteins market. In addition, increasing disposable income of consumers in emerging economies in Asia Pacific, Middle East, and Africa, and South America contributes to the market growth.

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Major vendors in the global Functional Proteins Market are AMCO Proteins, APC INC, FrieslandCampina, Abbott Nutrition, Archer Daniels Midland Company, Arla Foods Ingredients Group, Cargill, Incorporated, Glanbia plc, DSM, Real Dairy Australia Pty Ltd., Fonterra Co-operative Group Limited, Kerry, Saputo Ingredients

In 2019, Asia-Pacific held the largest share of the global functional proteins market. Emerging countries in Asia Pacific region are witnessing an upsurge in the middle-class population and urbanization growth, which offers lucrative opportunities for the key market players in the market. The region contributes a substantial share in functional protein consumption due to rising population base coupled with increasing disposable income. The growth of the functional protein market in Asia Pacific is majorly fueled by the growing healthcare awareness and rising consumer interest toward nutritional and healthy diets. Moreover, the sales of infant formula with high amount of functional proteins is rising in Asia Pacific region. Working women population is increasing in Asia Pacific countries and many working mothers are preferring for healthy and convenient food options for their infants, which is also bolstering the market growth.

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Market Insights

Increasing Instance of Chronic Diseases Coupled with Rising Consumers Awareness

Functional proteins are a complex mixture of biologically active proteins that supports and maintains normal immune function. Nowadays, the populace worldwide is inclined toward a healthy lifestyle and is spending considerably on nutritional products. Functional proteins help in lowering the blood pressure that is a major cause of heart attracts, strokes, and chronic kidney diseases. According to the estimates of Centers for Disease Control and Prevention, nearly half of adults in the US are affected by hypertension and are taking medication for hypertension. Furthermore, the rate of patients suffering from obesity is escalating across the globe. Obesity leads to various health issues such as heart disease, type 2 diabetes, stroke, and certain types of cancer. For instance, according to the Centers for Disease Control and Prevention, the prevalence of obesity in the US was 42.4% in 2017–2018. To overcome such issues, the populace is exploring new methods to stay fit and opt for healthy lifestyles. Such instances are estimated to increase the demand for foods enriched with functional proteins, aiding in the market expansion.

GLOBAL FUNCTIONAL PROTEINS MARKET SEGMENTATION

Functional Proteins Market – by Type
Hydrolysates
Concentrates
Isolates

Functional Proteins Market – by Source
Plant
Animal

Functional Proteins Market – by Form
Dry
Liquid

Functional Proteins Market – by Application
Functional Foods
Functional Beverages
Dietary Supplements
Animal Nutrition
Others

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Report Spotlights

• Progressive industry trends in the global functional proteins market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global functional proteins market from 2017 to 2027
• Estimation of functional proteins demand across various industries worldwide
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
• Recent developments to understand the competitive market scenario and global functional proteins demand
• Market trends and outlook coupled with factors driving and restraining the growth of the global functional proteins market

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our wide range of research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials and Foods and Bavarages.

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