July 19th, 2022
According to this latest study, the growth in Functional Proteins Market size is projected to reach USD 6.99 billion in 2027 from an estimated USD 5.15 billion in 2021, growing at a CAGR of 5.22% globally.
Functional proteins are biochemical compounds intricated virtually in every cell function. They contain polypeptides that conduct biological activities. Some proteins are involved in the protection against germs while some contribute to structural help. Functional proteins are critical to keeping the body working. They support growth, development, and maintain every part of our body i.e., including skin & hair to the digestive enzymes and immune systems. For example, the immunoglobulins present in colostrum has a beneficial impact on the immune system of animals. These functional proteins have various significance such as mitigate the effect of pathogens, improve health, and overcome recovery time after intestinal disorder. The global functional proteins market is turned by growth in demand for animal-derived proteins in sports and fitness nutrition and the development of various protein ingredients such as concentrates and isolates for utilization in the food industry. Moreover, recent advancements in protein powder production to encourage health benefits such as muscle gain and fat loss creates profitable opportunities for the functional proteins market players over the forecast period.
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This report is an exhaustive study of Functional Proteins market by analyzing its various segments on a regional level to provide a clear view of how these segments are performing in different parts of the world. The research methodology used to estimate and forecast the size of these segments on both a global and regional level includes various secondary sources such as company annual reports, press releases, government publications, industry journals, trade associations, and statistical databases among others.
The Major Players in the Functional Proteins Market Include:
ADM (US),DuPont (US),Cargill (US),Ingredion (US),Arla Foods (UK),Roquette (France),BASF (Germany),Glanbia (Ireland),Fonterra (New Zealand),DSM (Netherlands),FrieslandCampina (Netherlands),Essentia Protein Solutions (UK),Amai Proteins (Israel),Mycorena (Sweden),Merit Functional Foods (Canada),Plantible Foods (US),BENEO (Germany),ProtiFarm (Gelderland),Omega Protein (US)
Segmentation of Functional Proteins market:
· Whey Protein Concentrates
· Soy Protein
By Applications :
· Dietary Supplements
· Functional Beverages
· Functional Foods
· Animal Nutrition
· And Others
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Geographic Segment Covered in the Report
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
Knowing market share in the base year provides you an idea of the competition and size of the suppliers. It reflects the market's fragmentation, accumulation, dominance, and amalgamation features. The Competitive Scenario provides an outlook study of the suppliers' various industry growth plans. This section's news provides vital insights at various stages while keeping up with the industry and engaging players in the economic discussion. Merger & Acquisition, Collaboration, Partnership, Agreement, Investment & Funding, New Product Launch & Enhancement, Recognition, Rewards & Expansion are the categories that the competitive scenario represents. All of the research data collected helps the vendor identify market gaps as well as competitor weaknesses and strengths, helping them to better their service and product.
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Functional Proteins Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Functional Proteins Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Functional Proteins Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Functional Proteins market share for key players, along with new projects and strategies that players have adopted over the past five years
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