World Functional Protein Market to See Steady Demand Growth to 2022, Informs MRFR in Its In-Demand Report Recently Added at MarketPublishers.com27 Jun 2017 • by Natalie Aster
LONDON – Over the past few years, the demand for functional protein has enjoyed steady demand, and it is poised to increase at a 3.78% CAGR in the coming years to reach 2,280 kilo tons by late 2022. Uptake in demand for functional protein across different functional segments, especially sport nutrition and digestive nutrition, is expected to spur the world’s functional protein market.
Europe takes lead in the world’s functional protein market, capturing a share of over 35%; this regional market is anticipated to grow at a 2.36% CAGR to climb to 828 kilo tons and also to maintain its leading position through 2022. Meantime, the highest CAGR (appr. 5.48% CAGR) through 2022 will be registered in the APAC market for functional protein, majorly due to constantly changing lifestyles and enhancing awareness of health benefits of functional protein.
The plant-sourced functional protein segment is predicted to experience the highest growth rate of around 4.29% in the year ahead 2022 to exceed the volume of 1070 kilo tons by 2022.
Supermarket is expected to stay the key distribution channel for functional protein through 2022, accounting for a 26% share of the world’s market. Meantime, e-commerce is poised to increase at the highest pace.
In-demand research report “Global Functional Protein Market - Trends & Forecast, 2016-2022” by MRFR gives a detailed analysis of the global market performance with an insightful overview of the actual situation in the key geographical markets. This topical study includes vital reliable data on the market performance, contains an extensive market segmentation analysis and also highlights the major market growth driving and limiting factors. It delves into the competitive landscape in the functional protein market and identifies the top players in the market. Moreover, the report discusses the prevailing market trends and outlines future growth prospects, challenges and opportunities. in addition, a future outlook through 2022 for the functional protein market is provided in this report.
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