Global Bioactive Protein Market - Growth, Trends and Forecasts (2018 - 2023)
The global bioactive protein market is expected to witnessing a CAGR of 6.9% during 2018-2023 (forecast period). Bioactive proteins are protein fragments that impact the physiological and functional activities of the body. As these have a number of health benefits they are predominantly used in various functional foods. The increasing consumer concerns over healthy diet is expected to boost the market for functional foods which in turn will drive the market for bioactive protein.
Bioactive proteins confer a broad range of nutritional, functional and biological properties. In addition to nutrient supply, the bioactive proteins are responsible for various physiological functions, as being anti-hypersensitive, anti-oxidative, anti-thrombotic, and anti-microbial. Various other effects are immune-modulating, opiate, osteoprotective, etc. Bioactive proteins, as well as bioactive peptides, are part of a balanced diet. Another prominent factor driving the market demand is the higher percentage of aged people and also the increase in the incidence of chronic diseases. The restraining element of the bioactive proteins market is the adverse effects these compounds have on human health, such as biogenic amines (tyramine and histamine), causing allergies, hypertensive crises, and headache. Further, there are various regulations related to the production and use of bioactive proteins, which turn down the growth prospect of this market in the food industry.
The animal source bioactive protein is the preferred segment in the market, accounting for a significant revenue share in 2017. However, the plant source segment is anticipated to hold a market share of 44%. In the animal source, the dairy products segment leads the market, owing to the increasing demand for whey proteins from the food & beverages industry. Milk proteins are considered to be an important source of bioactive peptides, and an increasing number of bioactive peptides have been identified in milk protein, hydrolysate, and fermented dairy products. By application, the functional food segment is expected to gain the highest market share, regarding revenue, constituting a 36% market share. The increasing consumer concerns over healthy diet and body fitness governs the market in the functional food segment.
The global bioactive protein market is segmented, by region, into North America, Latin America, Europe, Asia-Pacific, and Africa. North America has the dominant regional share in the global market. It covers the largest share of the market, constituting 37% of the total sales. Major PLAYERS: ARCHER DANIELS MIDLAND COMPANY, KERRY GROUP, CARGILL INC., OMEGA PROTEIN CORPORATION, BUNGE LTD., E.I. DU PONT DE NEMOURS AND COMPANY, FONTERRA CO-OPERATIVE GROUP LTD., ROYAL DSM, CHS INC. and MYOS RENS TECHNOLOGY INC, amongst others.
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