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Functional Proteins Market 2019 to Eyewitness Massive Growth by 2027

The functional proteins market was valued at US$ 10,297.91 million in 2019 and is projected to reach US$ 17,767.48 million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 to 2027.


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pradnya chatse

2 years ago | 2 min read

According to the latest study by The Insight Partners Functional Proteins Market was valued at US$ 10,297.91 million in 2019 and is projected to reach US$ 17,767.48 million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Among functional food ingredients, protein is one of the significant ingredient which is natural found in range of animal and plant sources. Proteins plays various crucial functions in the body and are required for the structure, function, and regulation of the body’s tissues and organs. The awareness among the consumers regarding the benefits offered by functional proteins is contributing significantly to the market growth. Increasing disposable income of the consumers in emerging economies of regions, such as the Asia Pacific, Middle East, and Africa, and South America, contributes to the market growth.

Increasing Demand For Functional Proteins Market

Based on form, the global functional proteins market is bifurcated into dry and liquid. The dry segment dominated the market in 2019. Dry protein concentrate is highly employed in nutritional supplements. Protein is an essential macronutrient that helps build muscle, repair tissue, and make enzymes & hormones. Protein powder can also aid weight loss and help consumers tone their muscles. Whey protein concentrates are basically used as ingredients in many food applications such as confectionery, snack foods, bakery products, yogurts, dips, desserts, meat products, ice cream, soups, pasta products, sauces, beverages, and processed cheese products.

Some of the companies competing are 

  1. Aconcagua Oil & Extract S.A
  2. Avocado Health Limited
  3. BELLA VADO, INC
  4. CROFTS ltd
  5. La Tourangelle, Inc
  6. MadanaInc
  7. Mevi Avocados, Inc
  8. Olivado USA
  9. Sesajal S.A. de C.V
  10. Spectrum Organics Products, LLC (Hain Celestial Group, Inc.)

INCREASING INSTANCES OF CHRONIC DISEASES COUPLED WITH RISING CONSUMERS AWARENESS – INFLUENCE THE FUNCTIONAL PROTEINS MARKET GLOBALLY

Nowadays, the populace worldwide is inclined towards a healthy lifestyle and is spending considerably on nutritional products. Functional proteins help in lowering the blood pressure, which is major cause of heart attracts, strokes, and chronic kidney diseases. According to the Centers for Disease Control and Prevention, nearly half of adults in the U.S are estimated to have hypertension and are taking medication for hypertension. Such instances are assisting in the market growth.

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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If you have any queries about this report or would like further information, please contact us:

North America:          +1 646 491 9876
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Email:                         sales@theinsightpartners.com

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