Functional Proteins Market - Share, Size, Regional Trend, Future Growth, Leading Players Updates, Industry Demand by Forecast

The global 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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Analysis of the Top Market Players:

1. AMCO Proteins, APC INC
2. FrieslandCampina
3. Abbott Nutrition
4. Archer Daniels Midland Company
5. Arla Foods Ingredients Group
6. Cargill, Incorporated
7. Glanbia plc
8. DSM
9. Real Dairy Australia Pty Ltd.
10. Fonterra Co-operative Group Limited

In this report, the market has been segmented on the basis of:

Type (Hydrolysates, Concentrates, and Isolates)
Source (Plant and Animal)
Form (Dry and Liquid)
Application (Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition, and Others)

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Based on form, the global functional proteins market is bifurcated into dry and liquid. The dry segment dominated the market in 2019. Dry protein concentrate is highly employed in nutritional supplements. Protein is an essential macronutrient that helps build muscle, repair tissue, and make enzymes & hormones. Protein powder can also aid weight loss and help consumers tone their muscles. Whey protein concentrates are basically used as ingredients in many food applications such as confectionery, snack foods, bakery products, yogurts, dips, desserts, meat products, ice cream, soups, pasta products, sauces, beverages, and processed cheese products.

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