Report : Middle East & Africa Functional Proteins Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Hydrolysates, Concentrates, and Isolates), Source (Plant and Animal), Form (Dry and Liquid), Application (Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition, and Others), and Country
Animal Segment to Dominate Middle East & Africa Functional Proteins Market during 2019–2027
According to a new market research study on “Middle East & Africa 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$ 1,421.40 Mn by 2027 from US$ 905.23 Mn in 2019. The market is estimated to grow at a CAGR of 5.9% from 2020 to 2027. The report provides trends prevailing in the Middle East & Africa functional proteins market along with the drivers and restraints pertaining to the market growth. Increasing instances of chronic diseases coupled with rising consumer’s awareness and the growth in consumption of functional food are the major factors driving the growth of the Middle East & Africa functional proteins market. However, regulations for animal-sourced proteins may hinder the growth of Middle East & Africa functional proteins market.
The market for Middle East & Africa 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 Middle East & Africa functional proteins market. Based on source, the Middle East & Africa 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 Middle East & Africa functional proteins market has been facing difficulties and several countries have suffered heavily. South Africa, Saudi Arabia and UAE 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.
FrieslandCampina, Abbott Nutrition, Archer Daniels Midland Company, Arla Foods Ingredients Group, Cargill, Incorporated, Glanbia plc, DSM, Fonterra Co-operative Group Limited, Kerry, and Saputo Ingredients are among the leading companies in the Middle East & Africa 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 Middle East & Africa functional proteins market as follows:Middle East & Africa Functional Proteins market – By Type
- Functional Food
- Functional Beverages
- Dietary Supplements
- Animal Nutrition
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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