Summary
The Europe functional proteins market is expected to grow from US$ 1,939.84 million in 2019 to US$ 3,233.68 million by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The consumption of plant-sourced functional proteins such as soy protein, wheat protein, and pea protein is rising exponentially since the past few years. This is majorly attributed to the increasing vegan population in Europe. Studies suggest that the vegan diet helps keep blood pressure and cholesterol level in check as well as reduces the risks of developing type 2 diabetes, heart diseases, and a few types of cancer. Major players in the Europe functional proteins market are investing heavily in innovations for addressing the evolving consumer demands.
The Europe functional proteins market, based on type, is segmented into hydrolysates, concentrates, and isolates.The isolates segment led the market in 2019.
Functional protein isolates are highly concentrated protein fractions obtained through wet processing of plant and animal sources.The protein separation is mainly based on the solubilization of protein followed by an isoelectric or an ultrafiltration process for subsequent recovery.
A whey protein isolate is a dietary supplement, as well as a food ingredient, formed by separating components from whey, which is a by-product of the cheese-making process. Protein isolates, specifically pea protein isolates, are well absorbed and possess a myriad of functional benefits, including improved satiety, facilitating fat loss, and muscle gain.
The overall Europe functional proteins market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the Europe functional proteins market with respect to all the segments pertaining to the regional market.Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Europe functional proteins market. APC INC.: FrieslandCampina: Abbott Nutrition: Archer Daniels Midland Company: Arla Foods Ingredients Group: Cargill Incorporated: Glanbia plc: DSM: Real Dairy Australia Pty Ltd.: Fonterra Co-operative Group Limited: Kerry and Saputo Inc. are among the major companies in the market in Europe.
