Functional Proteins Market size was valued at $ 6.8 billion in 2023, and is projected to reach $ 10.36 billion by 2030, registering a CAGR of 6.2% from 2023 to 2030.
Biochemical substances called functional proteins are almost involved in every aspect of cell function. They have polypeptides in them that carry out biological functions. Some proteins assist in structural support, while others are engaged in the defence against microorganisms. Maintaining the body's functionality depends on functional proteins. Every aspect of our body, from the skin and hair to the digestive enzymes and immune systems, is supported in its growth, development, and maintenance. For instance, animals' immune systems benefit from the immunoglobulins found in colostrum. These useful proteins serve a variety of purposes, including reducing the impact of infections, enhancing health, and speeding up recovery after intestinal disorders.
The development of different protein ingredients, including concentrates and isolates for application in the food sector, and the rising need for animal-derived proteins in sports and fitness nutrition are driving the global market for functional proteins. The development of protein powder has recently advanced to promote health benefits including fat loss and muscle gain, which offers profitable chances for companies in the functional proteins market throughout the projection period.
The functional protein market is expected to rise at a faster rate due to rising demand for nutraceuticals, growing awareness of the need to eat a healthy diet, and increased emphasis on the body's nutritional value. nutrients are nutritional supplements that promote improving health, fending off chronic diseases, extending life, or supporting the body's structure or function. A composite variety of physiologically active proteins, called functional proteins, support and regulate normal immune activity. People all over the globe are probably moving toward healthier lifestyles and spending a lot of money on dietary supplements. Declining blood pressure is related to heart attacks, strokes, and chronic renal disorders; functional proteins help to sustain this trend. According to the Centers for Disease Control and Prevention's estimates, approximately 50% of adult Americans suffer from hypertension and take medication to treat it.
Customers are shifting from animal to plant-based proteins, which is driving up the market for plant-based proteins. Growing concerns about animal welfare, being vegetarian, and environmental biodiversity are the main causes driving the need for plant-based proteins to replace animal products as a necessary component. As a result, it is expected that the market for plant-based proteins will see strong demand and rapid growth, offering several chances for market expansion and investment in the functional proteins space.
Global Functional Proteins Market, Segmentation
The Functional Proteins Market is segmented based on type, application, Source, Form and region.
Type:
The hydrolysate segment is expected to dominate the functional protein market. Any by-product of hydrolysis is referred to as hydrolysate. Protein hydrolysate is particularly useful in sports medicine because it may be used to give more nutrients to muscle tissues by allowing the body to absorb amino acids more quickly than it does with intact proteins. It is also used as an addition to cell cultures in the biotechnology sector. These goods are meant to be used in the production of products for clinical and baby nutrition. They include antioxidants, prebiotics, anti-macrobiotics, and hypertensive protein. limited market reach will occur soon due to their higher cost as compared to other whey product forms. A variety of functional peptides with diverse properties, including foaming, heat stability, water binding, and emulsification, can be found in casein. Derivatives of casein are used in both food and non-food application areas, such as animal nutrition, where they have important functional roles.
Application:
Functional food is expected to register the largest functional proteins market share during the forecast period. Functional foods are likely better for your health than a regular diet. Proponents of functional foods assist in achieving optimal health and lowering the chance of illness. Customers are expected to focus on new convenience food products fortified with functional proteins as a result of the growing significance of nutritional fortification in the food processing sector globally due to shifting climatic patterns and hectic work schedules.
Region:
it is expected that North America would lead the functional proteins market throughout the projected timeframe. As people turn to dairy proteins to meet their nutritional demands, whey protein concentrates are becoming a growing trend. The use of dietary supplements and functional foods is increasing. Further driving the growth of the functional protein market in this region are consumer shifts in lifestyle, the fast expansion of the middle class, and increased consumer awareness of fitness and health.
Some of The Leading/Active Market Players Are-
- ADM (US)
- DuPont (US)
- Cargill (US)
- Ingredion (US)
- Arla Foods (UK)
- Roquette (France)
- BASF (Germany)
- Glanbia (Ireland)
- Fonterra (New Zealand)
- DSM (Netherlands) and Other Active Players
Key Industry Developments
- In July 2021, an international tasting and food company and Netherland-based company Kerry Group plc ("Kerry"), declared its agreement with Hare Topco, Inc. from an affiliate of funds advised by SK Capital Partners.
- In November 2020, Ingredion purchased Verdient Foods (Vanscoy, SK) with 100% ownership. The acquisition allowed net sales growth and expanded the production capability of Ingredion, with the addition of two production units in Canada.
Key Findings of the Study
- Global functional proteins market to hit $10.36 billion by 2030, with a 6.2% CAGR from 2023 to 2030.
- Growth driven by protein ingredient innovation, demand for animal-derived proteins in sports nutrition, and rising health awareness.
- North America poised for market leadership, fueled by dairy protein popularity, increasing supplement usage, and growing health consciousness among consumers.
