Functional proteins popularity has increased considerably in
the recent years due to growing consumer demand. Market Research Future, which
concentrates on market reports related to Food, Beverages & Nutrition
sector among others, have recently issued a report on this market. The industry
is anticipated to touch 2,280 kilo tons by 2022 while simultaneously growing at
a CAGR of 3.78% by 2022.
The growth of the functional protein market has been followed
by the growth in the sports and nutrition sector. Medical nutrition market has
also been of the formidable forces that are expanding the market significantly.
Renewed emphasis on animal feed industry has revived the demand trend of the
functional protein market. Introduction of functional proteins in beverages by
major manufacturers have amplified the growth pace of the market.
Functional
Protein Market Revenue
Industry Segments
The international market for functional protein is divided on
certain basis for better analysis. The division on the basis of source
comprises of plant protein, animal protein and others. The function category
includes digestive nutrition, weight management nutrition, sport nutrition and
others. The delivery format category includes capsules, powder, liquids, creams
and others. Finally the distribution channel segment includes e-commerce,
hypermarket, pharmaceutical store, convenience store, supermarket and others.
Global Competitive Analysis
The entry of innovative companies, is creating a swiftly
-evolving a trend of volume intensive growth. This has enabled the development
of varied assortments of produce kinds. Companies are trying to harness a
substantial portion of the market division as early as possible with effective
business plans that can fill this gap and confirm control of the dynamics of the
rivalry in the market. Effective business policies targeted to fill this gap
and gain control of the dynamics of the competition existing in the market. The
chief strategies for long-term growth can be achieved by ensuring continuous
process enhancements and financial fluidity to spend in the prime strategies as
they arise.
The foremost players in the global market for this sector are
Herbalife Ltd (U.S.), Archer Daniels Midland Company (U.S.), Glanbia
Plc.(Ireland) and GNC Holdings Inc (U.S.) to name a few.
Latest Industry News:
Feb 2018 The Best Bar Ever has been
bought by The Nature’s Bounty Co. who are expanding their portfolio of
functional food with this acquisition. The Nature’s Bounty Co., which is a
supplement manufacturer purchased the nutrition bar maker, The Best Bar Ever to
further diversify its products in performance nutrition. The new association
agreeably supplements the company’s existing nutrition and sports portfolio.
Jan 2018 The U.S. FDA lately
approved the BB-301 orphan drug rank gene therapy for the management
of OPMD, of Benitec Biopharma. OPMD is initiated by an alteration of the
poly(A)-binding protein nuclear 1 gene. The subsequent faulty protein can form
insoluble aggregates related with muscle weakness. Benitec presented that a molecular
biology approach known as DNA-directed RNA interference (ddRNAi) can be used to
shut down and substitute the mutant PABPN1 protein. The method also
concurrently constrains the mutated protein and makes a functional protein to
substitute it with.
Complete Report Details @ https://www.marketresearchfuture.com/press-release/functional-protein-market
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