Europe Functional Proteins Market is expected to reach US$ 3,233.68 Mn by 2027

Animal Segment to Dominate Europe Functional Proteins Market during 2019–2027

According to The Insight Partners market research study on “Europe Functional Proteins Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by type, source, form, application and country,” is expected to reach US$ 1,939.84 Mn by 2027 from US$ 3,233.68 Mn in 2019. The market is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The report provides trends prevailing in the Europe functional proteins market along with the drivers and restraints pertaining to the market growth. Rise in the instances of chronic diseases coupled with rising consumer’s awareness and the increase in consumption of functional food are the major factors driving the growth of the Europe functional proteins market. However, regulations laid on animal-sourced proteins may hinder the growth of Europe functional proteins market.

The market for Europe functional proteins is segmented into type, source, form, application, and country. Based on type, the market is segmented into hydrolysates, concentrates and isolates. In 2019, the isolates segment held the largest share in Europe functional proteins market. Based on source, the Europe functional proteins is divided into plant and animal. Plant segment is expected to be the fastest growing segment over the forecast period. On the basis of form the market is segmented into dry and liquid. The dry segment contributed a substantial share in the 2019. Furthermore, in this present scenario of COVID 19 pandemic, the Europe functional proteins market has been facing difficulties and several countries have suffered heavily. Germany, France, Italy, UK and Russia are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain.

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 are among the leading companies in the Europe functional proteins market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe functional proteins market as follows:

• Hydrolysates
• Concentrates
• Isolates

• Plant
• Animal

• Dry
• Liquid

• Functional Food
• Functional Beverages
• Dietary Supplements
• Animal Nutrition
• Others

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe