The global functional
proteins market is expected to reach USD 7.45 billion by 2025, growing
at a CAGR of 7.5%, according to a new report by Grand View Research, Inc.
Rising importance of protein-fortified convenience foods as a result of
extensive advertising campaigns by nutraceutical suppliers in e-commerce
portals and electronics media is expected to have a substantial impact.
Furthermore, the increasing market penetration of powdered drink mixes as a
result of product innovation by companies including General Foods Corporation
is expected to play a crucial role in promoting the functional proteins
consumption in the near future.
Whey protein isolates (WPI) accounted for 26.1% of
global industry share in 2016. The segment is expected to witness significant
gains owing to the introduction of the product forms in vanilla and chocolate
flavors on a global level. Furthermore, increasing awareness towards enhancing
muscular strength among athletes as well as gym professionals in emerging
markets including Mexico, South Africa, China, and India is expected to broaden
the application scope of WPI as sports nutrition goods over the next eight
years.
Browse full research report on Functional Proteins Market: https://www.grandviewresearch.com/industry-analysis/functional-protein-market
Further key findings from the report suggest:
- Global functional proteins demand was stood at 823.9 kilo tons in
the year, 2016 and is projected to foresee growth at a CAGR of 6.4% from
2017 to 2025.
- Functional beverages are projected to foresee fastest volume growth
at a CAGR of 7.0% from 2017 to 2025. Rising importance of protein shakes
for weight management amongst working class professionals as a result of
endorsement by fitness experts to use functional beverage is expected to
expand the industry size.
- Dry forms are projected to foresee revenue growth at a CAGR of 7.2%
from 2017 to 2025. Rising R&D spending towards the processing of
spray-dried serum (SDS), spray-dried plasma (SDP) and globulin concentrate
which are processed to use as colostrum supplements or replacers for
feeding calves is expected to open the new avenues.
- Asia Pacific is projected to witness high revenue growth at a CAGR
of 8.2% from 2017 to 2025. Significant gains in functional food &
beverage production in China, India, and Malaysia as a result of favorable
government policies including the reduction in import duties of
consumables or equipment, to promote the foreign investments is expected
to play a fundamental role in increase the fortification of functional
nutrition ingredients.
- Major manufacturers include Kerry Group, Fonterra, Arla Foods AMBA,
Glanbia, Saputo Ingredients APC Inc., and Friesland Campina. The introduction
of new products and the formation of strategic alliances with buyers in
nutraceuticals and animal feed sectors are projected to remain critical
success factors over the next eight years.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand
View Research has segmented the global functional proteins market on the basis
of product, form, application, and region:
Functional
Proteins Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Hydrolysates
- Whey Protein
Concentrates (WPC)
- Whey Protein
Isolates (WPI)
- Casein &
Caseinates
- Soy Protein
- Others
Functional
Proteins Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Dry
- Liquid
Functional
Proteins Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2025)
- Functional
Foods
- Functional
Beverages
- Dietary
Supplements
- Animal
Nutrition
Functional
Proteins Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- RoW
- Brazil
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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