“The Global Functional Protein Market is expected to grow at a CAGR during the forecasting period (2021-2028)”.
Functional proteins are ingredients that improve the functionality of the body. The different types of functional protein include whey, hydrolysates, soy, and insolates, with each type of protein adding special nutritional value to the product. Raw soybeans, for example, contain a substance called trypsin inhibitor, which helps animals and humans absorb protein more quickly. Protein is added to functional foods to provide health benefits such as appetite suppression, which aids in weight loss. The market is increasing due to the rising demand for nutraceuticals and the growing understanding of the importance of maintaining a balanced diet and improving the nutritional value of the human body.
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Growing demand for sports nutrition among the working class is driving the market
The rise in popularity of functional foods and dietary supplements in sports nutrition among working professionals is expected to boost protein-rich food consumption. With consumers getting more health-conscious and constantly looking out for solutions to improve their nutritional balance, the demand for function protein in the form of supplements is increasing. Moreover, with functional protein showing beneficial resulted towards lowering the blood pressure and ultimately helping in the prevention of chronic diseases, has helped it gain popularity as nutritional ingredients. According to the Centers for Disease Control and Prevention, almost half of all adults in the United States have hypertension and are taking antihypertensive medicine. Thus, the rising health concerns in population is likely to propel the market growth in this region.
North America dominates the market due to high awareness towards intake of sufficient amount of protein among Americans
North America is the major shareholder of the market as United States contributes the most of the market. The increasing health concerns in United States and widespread awareness in people regarding the impact of insufficient protein intake. According to a survey conducted by Natural Marketing Institute commissioned by Glanbia Nutritionals, 42% of U.S. consumers indicate an awareness toward different protein sources with soy protein being the most common among all, with its consumption accounting for 31% of U.S population.
The global functional protein market is highly consolidated with a large number of players investing Some of the major key players participating in the global level include Essentia Protein Solutions, ADM, DuPont, Cargill, Ingredion, Arla Foods, Roquette, Glanbia, Fonterra, and DSM.