Global functional proteins market is expected to reach USD 7.98 Billion by 2026, at a CAGR of 6.93% from 2019 to 2026. Growing consumer awareness about the benefits of a healthy diet, increasing incidence of chronic diseases and technological upgradation in the functional proteins manufacturing process are driving the global functional proteins market.
Functional proteins are biochemical compounds comprising polypeptides that carry out some of the most essential biological activities. Hemoglobin, antibodies are some of the most common examples of the functional proteins. Functional proteins are beneficial in improving body health, mitigate the effect of pathogens and reduce recovery time after intestinal disorder. Thus, the growing utilization of functional protein concentrates and isolates in the food industry, and increasing demand from the emerging economies are expected to propel the market growth over the forecast period.
Global Functional Proteins Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The global functional proteins market has been segmented on the basis of type, source, form, and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region emerged as the largest market for the functional proteins with a 39.98% share of market revenue in 2018.
Global Functional Proteins Market Competitive Analysis:
Key players in the global functional proteins market are Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill, Incorporated, BASF SE, Ingredion Incorporated, Roquette Frères, SunOpta, Darling Ingredients Inc., Omega Protein Corporation, DowDuPont Inc., Kemin Industries, Inc., InVivo , John Pointon & Sons Ltd., Fonterra Co-Operative Group, Arla Foods, Kerry Group, Glanbia PLC, APC Inc., Saputo Ingredients, Friesland Campina, and among others. Sports nutrition products segment is generating an accelerated demand for the functional proteins. Major players are focusing on launching new and innovative products. For instance, in 2019, Arla Foods Ingredients released a 100 percent whey protein hydrolysate solution specifically developed for sparkling protein water formulations.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global functional proteins market on the basis of below-mentioned segments:
Global Functional Proteins Market by Type:
Global Functional Proteins Market by Source:
Global Functional Proteins Market by Form:
Global Functional Proteins Market by Application:
Global Functional Proteins Market by Region:
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