Europe Functional Proteins Market
The Europe functional proteins market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. A changing perception among consumers of being healthy is fueling the demand for health products such as functional proteins. European consumers consume health products to prevent diseases and to feel healthy and they take more responsibility for both their physical wellbeing and mental health. Rather than focusing on treating illness, consumers recognize health increasingly in terms of preventing illness, feeling good and looking radiant. Moreover, the aging population in the region is another factor contributing to the market expansion. According to Center for the Promotion of Imports (CBI), it is estimated that by 2050, approximately 30% of the European population will be 65 and older, as opposed to 17% in 2013. The elderly population is considered as an important segment for natural healthcare manufacturers. Older people consume more self-care products than younger consumers and are highly interested in natural healthcare options. Geriatric population has specific health needs as they face much higher risks of joint problems, especially since the European population is increasingly overweight and inactive. Nearly 22% of European population is projected to be under long-term treatment for issues involving bones, muscles, and joints. Such instances are anticipated to create lucrative opportunities for the functional protein market players.
Strategic insights for the Europe Functional Proteins provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,939.84 Million |
| Market Size by 2027 | US$ 3,233.68 Million |
| Global CAGR (2020 - 2027) | 6.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Functional Proteins refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The functional proteins market in Europe is expected to grow from US$ 1,939.84 Mn in 2019 to US$ 3,233.68 Mn by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The Europe functional proteins market comprises numerous players across the ecosystem with high market fragmentation. Functional proteins are a complex mixture of biologically active proteins, which supports and maintains normal immune function. Proteins plays various crucial functions in the body and are required for the structure, function, and regulation of the body’s tissues and organs. The awareness among the consumers regarding the benefits offered by functional proteins is contributing significantly to the market growth. A large number of consumers are becoming familiar with the benefits of functional proteins. Increasing disposable income of the consumers in emerging economies of regions, contributes to the market growth. Consumers in these regions are increasingly spending on healthy foods due to the rising disposable income and improving lifestyles. In addition to this, key players in the market are developing various strategies to expand the awareness regarding the health benefits associated with functional protein enriched diets, which has widely and positively influenced the sales of functional protein in the developing regions.
In terms of type, the isolates segment accounted for the largest share of the Europe functional proteins market in 2019. In terms of source, the animal segment held a larger market share of the Europe functional proteins market in 2019. In terms of form, the dry segment held a larger market share of the Europe functional proteins market in 2019. Further, the dietary supplements segment held a larger share of the market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the Europe Functional proteins market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 Ingredients.
The Europe Functional Proteins Market is valued at US$ 1,939.84 Million in 2019, it is projected to reach US$ 3,233.68 Million by 2027.
As per our report Europe Functional Proteins Market, the market size is valued at US$ 1,939.84 Million in 2019, projecting it to reach US$ 3,233.68 Million by 2027. This translates to a CAGR of approximately 6.7% during the forecast period.
The Europe Functional Proteins Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Functional Proteins Market report:
The Europe Functional Proteins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Functional Proteins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Functional Proteins Market value chain can benefit from the information contained in a comprehensive market report.
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