Functional Proteins Market Size, Share, Growth Report 2030

Functional Proteins Market

Functional Proteins Market by Product (Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Casein & Caseinates, Soy Protein and Others), by Form (Dry and Liquid) by Application (Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition, Sports Nutrition), by Source (Animal and Plant): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-6252 Published Date: Jul-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 Growth Rate (in %) Base Year
USD 4483.9 Million USD 6982.3 Million CAGR at 5.7% 2020

Functional Proteins Market Size And Industry Analysis

The global functional proteins market accounted for USD 4483.9 Million in 2020 and is expected to reach USD 6982.3 Million by 2028, growing at a CAGR of 5.7% from 2021 to 2028.

Functional proteins are a complex mixture of active proteins that aid in the maintenance and support of normal immunological function. They constitute of polypeptides that perform a a range of biological functions. Some proteins also aid in fighting against germs, while others help in the maintenance of structural support. Functional proteins help grow, maintain and develop every part of the human body including skin, digestive enzymes, hair and immune system.

The market is primarily driven by changing consumer preferences towards healthier alternatives clubbed with and rising health awareness. Rising shift among consumers towards veganism, animal compassion and environment sustainability are causing an increased demand for plant based functional proteins. Functional proteins are also becoming an active part of dietary supplements, especially protein supplements such as whey protein concentrates that are being increasingly used by consumers to weight management, muscle development and others.

Request Free Sample

COVID-19 Impact Analysis

The lockdowns and restrictions imposed to curb the spread of the corona virus led to the temporary shutdown of several factories and plants that affected the global supply chains, thereby causing a disruption in manufacturing, delivery schedules, and functional protein-based products sales globally.

Growth Factors

Growing health consciousness among the consumers is one of the major factors driving this market. Consumers all over the world have become increasingly health-conscious, emphasizing on the importance of a well-balanced diet. This is also due to the significant prevalence of chronic diseases in the population, such as diabetes, lipid abnormalities, and obesity. The global market is thus witnessing significant growth due to an increase in demand for nutraceuticals in order to maintain a balanced diet while also increasing nutritional value.

Additionally, a considerable increase in demand for medical nutrition to maintain a high level of nutrition in newborns and pregnant women, particularly in developed nations, is also expected to boost the global functional proteins market.

Functional Proteins Market: Report Scope

Report Attributes Report Details
Report Name Functional Proteins Market Research Report
Market Size in 2020 USD 4483.9 Million
Market Forecast in 2028 USD 6982.3 Million
Growth Rate CAGR of 5.7%
Number of Pages 140
Key Companies Covered Fonterra Co-Operative Group, Arla Foods AMBA, Kerry Group, ADM, Glanbia PLC, APC Inc., DowDuPont, Omega Protein Corporation, Darling Ingredients., SunOpta, Roquette Frères, Ingredion, BASF and Cargill among others.
Segments Covered By Product, By Form, By Application, By Source, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2017 to 2019
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Application Segment Analysis Preview

Functional food segment held a share of around 32% in 2020. This is attributable to the growing popularity of nutritional fortification in the food processing industry. With hectic lifestyles and work schedules, consumers are actively looking for convenient food products that are healthy to consume and offer functional proteins

Form Segment Analysis Preview

Liquid segment will grow at a CAGR of over 5.1% from 2021 to 2028. This is attributable to rise in sales of functional beverages and dietary protein-based juices in developed economies as a result of extensive advertising via social media and electronic media. Rising health consciousness among the millennials are driving them from carbonated and fruity drinks to functional beverages. Furthermore, these consumers are also willing to pay higher prices for the beverages in order to gain the health benefits associated with consuming them.

Regional Analysis Preview

The Asia Pacific region held a share of 37.2% in 2020. This can be attributed to growing hectic lifestyles and urban populations clubbed with rise in disposable income and interest in the health benefits offered by functional proteins in this region. Moreover, increased prevalence of cardiovascular disorders and high blood pressure among people in the region may also bolster the growth of the market.

The North America region is projected to grow at a CAGR of around 5.2% over the forecast period. This growth is mainly due to increased use of functional proteins to manage health issues. Whey protein concentrates are gaining popularity as more people turn to dairy proteins to meet their nutritional needs.

Request Free Sample

Key Market Players & Competitive Landscape

Some of key players in automated sortation system market are:

  • Fonterra Co-Operative Group
  • Arla Foods AMBA
  • Kerry Group
  • ADM
  • Glanbia PLC
  • APC Inc.
  • DowDuPont
  • Omega Protein Corporation
  • Darling Ingredients.
  • SunOpta
  • Roquette Frères
  • Ingredion
  • BASF
  • Cargill among others. 

Market leaders are focusing on technological innovations and strategies such as product development and mergers and acquisitions in order to expand their footprint globally and meet market demand. For instance, ADM acquired Neovia, a pet nutrition company in January 2019 for EUR 1.544 billion. This acquisition can enable the company increase their geographic reach and expand their portfolio of animal nutrition business.

Request Free Sample

The global functional proteins market is segmented as follows:

By Product

  • Hydrolysates
  • Whey Protein Concentrates
  • Whey Protein Isolates
  • Casein & Caseinates
  • Soy Protein
  • Others

By Form

  • Dry
  • Liquid

By Application

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

By Source

  • Animal
  • Plant

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global functional proteins market was valued at USD 4483.9 Million in 2020.

The global functional proteins market is expected to reach USD 6982.3 Million by 2028, growing at a CAGR of 5.7% between 2021 to 2028.

Some of the key factors driving the global functional proteins market growth are growing health consciousness and significant prevalence of chronic diseases in the population, such as diabetes, lipid abnormalities, and obesity.

Asia Pacific region held a substantial share of the functional proteins market in 2020. This is attributable growing hectic lifestyles and urban populations clubbed with rise in disposable income and interest in the health benefits offered by functional proteins. North America region is projected to grow at a significant rate owing to the rising demand for functional proteins in in the region.

Some of the major companies operating in the functional proteins market are Fonterra Co-Operative Group, Arla Foods AMBA, Kerry Group, ADM, Glanbia PLC, APC Inc., DowDuPont, Omega Protein Corporation, Darling Ingredients., SunOpta, Roquette Frères, Ingredion, BASF and Cargill among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed