Functional Protein Market Value is estimated to reach at USD 5.70 Billion by the end of 2022, with a CAGR of 6.7% during the forecast time 2017-2022.
Functional Protein Market Overview:
Proteins are the most important molecules in our cells. Proteins are involved in virtually all cellular functions. Some proteins contribute to structural support, while others participate in the defense against germs. Functional proteins are essential in daily life for the body to continue functioning. Because these proteins are used to develop, and maintain every part of our body, from skin and hair to our digestive enzymes and immune system. It is not limited to athletes, but to everyone as per their interest. The demand for vegetable proteins in beauty and personal care products is increasing. For example, hydrolyzed soy protein is rich in amino acids, considered one of the best for skin and hair.
Functional Protein Market Size:
According to the research report, the Functional Proteins Market was valued at USD 4.15 Billion in 2017 and it is estimated to reach at USD 5.70 Billion by the end of 2022, with a CAGR of 6.7% during the forecast time 2017-2022.
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Functional Protein Market Drivers and Restraints:
It is expected that the increased risk of cardiovascular disease and high blood pressure in people around the world will increase the demand for functional proteins, well known for their ability to lower blood pressure. Millennials are more inclined to do gymnastics and physical conditioning, which should allow the functional protein market to increase significantly during the prognosis period as these proteins help to increase muscle mass, control weight and maintain bone density. It is expected that the greater knowledge of consumers about the benefits of functional proteins will stimulate the demand for them during the forecast period. Market limitations for functional proteins include plant allergic diseases or outbreaks of diseases in poultry, since plants and animals are the main sources of functional proteins.
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Functional Protein Market Geographical Segmentation:
In response to growing demand from a health-conscious population, North America is expected to dominate the functional protein market during the forecast period. The growing popularity of sports nutrition and weight control is driving the growth of the market in Europe, after North America. The change in lifestyle and the collective awareness of the health benefits of functional proteins in the Asia-Pacific region is the reason for the market’s growth in recent years. It is expected that health concerns and the growing demand for nutritional products among young people will increase the demand for functional proteins in the Asia Pacific region.
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Key Takeaways from this Report:
- For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
Functional Protein Market Key Players:
Glanbia Plc, GSK group of companies, Fonterra Co-Operative group, Herbalife International, Inc., Nature’s Bounty co., Amway, Optimum Nutrition, Inc., Cargill, Inc., Proliver BVBA, and Makers Nutrition LLC are the major players of the market.
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