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.
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Market: http://www.grandviewresearch.com/industry-analysis/functional-protein-market
Further
Key Findings From the Study 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.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-functional-protein-market
About
Grand View Research, Inc:
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, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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