Functional Protein Market, Analysis, Drivers, Restraints, Key Factors Forecast year 2022-2030

0
575

Market Overview

The global functional protein market is expected to grow at a CAGR of 4.10% over the forecast period from 2022 to 2030, according to a new research report from Market Research Future (MRFR). The global functional protein market is expected to reach a volume of 2,280 kilotons by 2030, according to MRFR.

Functional protein is used in sports nutrition products as well as other regular dietary products to increase protein consumption and provide nutrition to the consumer. The growing demand for sports nutrition among consumers in developed regions is likely to be a major driver for the global functional protein market. The increasing preference for active, fitness-oriented lifestyles has driven the demand for sports nutrition products in urban centers in developed Western countries and is likely to remain a key driver for the functional protein market over the forecast period. The growing demand for protein shakes and other protein beverages is also likely to drive the global functional protein market over the forecast period. The rising development of new and diverse flavors in protein shakes is likely to draw more consumers to the market, driving the demand for functional protein over the forecast period. This is likely to be a key driver for the global functional protein market over the forecast period, as sports nutrition beverages are likely to be a highly popular segment among consumers.

The animal feed industry is also likely to account for a significant share in the global functional protein market over the forecast period. The growing difficulties in providing animals with a natural, well-balanced diet have resulted in the growing demand for animal feed additives that can improve the quality of the meat and keep the animal healthy. The growing demand for protein additives in the animal feed industry is likely to be a major driver for the global functional protein market over the forecast period, as the growing demand for meat and meat products has driven the demand from the animal feed industry over the last few years.

Segmentation:

The global functional protein market is segmented on the basis of source, function, delivery, distribution channel, and region.

On the basis of source, the global functional protein market is segmented into plant protein, animal protein, and others. Plant protein is likely to dominate the global functional protein market in the future, with growth expected for the segment at a higher 4.29% CAGR over the forecast period from 2022 to 2030. The segment is expected to reach 1070 kilotons by 2030, due to the growing support for the vegetarianism, veganism, and animal rights movements.

By function, the global functional protein market is segmented into digestive nutrition, sport nutrition, weight management nutrition, and others. Sport nutrition is likely to remain a key segment for the global functional protein market along with weight management nutrition due to the growing awareness about health and fitness among the global population.

By delivery format, the global functional protein market is segmented into capsules, powders, liquids, creams, and others.

By distribution channel, the global functional protein market is segmented into supermarkets, hypermarkets, pharmaceutical stores, convenience stores, and ecommerce. Supermarkets are likely to be the major distribution channel for the global functional protein market over the forecast period. Ecommerce is expected to witness a higher CAGR of 4.94% over the forecast period.

Regional Analysis:

The global functional protein market is segmented into North America, Europe, Asia Pacific, and rest of the world on the basis of region.

Europe dominates the global functional protein market with a share of more than 35% and is expected to remain the leading regional segment of the market over the forecast period due to the widespread awareness about functional proteins. Asia Pacific is likely to exhibit the highest CAGR of 5.48% over the forecast period from 2022 to 2030.

Competitive Analysis:

Leading key functional protein market players in the global include Glanbia PLC, GNC Holdings Inc., NBTY Inc., MaxiNutrition, Shandong Sinoglory Health Food Co. Ltd., Herbalife Ltd., and Archer Daniels Midland Company.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

 

Căutare
Categorii
Citeste mai mult
Gardening
Rocket League Trading Prices gamers the Gotham City Rumble LTM is returning
Available without price to all Rocket League Rocket League Trading Prices gamers, the Gotham City...
By Xinghong Xing 2022-10-31 06:31:04 0 1K
Health
Medical Device Outsourcing From Asia - The Most useful Selection
Medical system producers are designed for designing, assembling, fabricating and functioning...
By Seomypassion12 Seomypassion12 2022-03-17 08:26:41 0 606
Alte
Reasons Why Parents Should Sent Their Kids To Independent Schools
When it comes to education, there is no one-size-fits-all approach. Independent schools offer a...
By Ngatawa Schools 2022-12-23 11:50:55 0 772
Health
{Trick EXPOSED} Impact Keto ACV Gummies Audits Fixings Cost Secondary effects
Visit the authority site to utilize the Impact Keto ACV Gummies today! >>>s. Impact Keto...
By Impact Keto ACV Gummies 2022-12-10 11:59:43 0 587
Health
The Power of Healthcare Software Marketing
Explore the dynamic world of healthcare software marketing and how it's reshaping the industry,...
By Sam Laster 2023-08-23 09:04:33 0 553