The global functional protein market is expected to rise in the coming years, owing to the increasing demand for plant-based proteins and awareness about healthy dietary supplement consumption. Fortune Business Insights™ publishes this information in a report titled, "Functional Protein Market, 2021-2028". As per the report, the functional protein market size was USD 5.24 billion in 2020. The market size is expected to rise from USD 6.20 billion in 2021 to USD 15.98 billion by 2028 at a CAGR of 14.48% during the forecast period of 2021-2028.
Functional proteins allow repairing and building body tissues and coordinate bodily functions by encouraging metabolic reactions to take place efficiently. These proteins provide a structural framework to the body and maintain proper pH and fluid balance. Rising demand for plant-based proteins and dietary supplements to adopt a healthy lifestyle is likely to fuel the market growth during the forecast period.
Browse A Complate Research Report:
Rising Protein Utilization in Meat & Poultry Application to Stimulate Growth
By source, the market is bifurcated into animal and plant-based proteins.
Based on the application, the market trifurcated into functional food & beverages, animal feed, and dietary supplements.
Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
is high in dietary fiber.