Global Functional Proteins Market Overview

Global Functional Proteins Market was valued at USD 5.15 billion in 2021 and is expected to reach USD 7.35 billion by the year 2028, at a CAGR of 5.22%.

Functional proteins are biochemical compounds intricated virtually in every cell function. They contain polypeptides that conduct biological activities. Some proteins are involved in the protection against germs while some contribute to structural help. Functional proteins are critical to keeping the body working. They support growth, development, and maintain every part of our body i.e., including skin & hair to the digestive enzymes and immune systems. For example, the immunoglobulins present in colostrum has a beneficial impact on the immune system of animals. These functional proteins have various significance such as mitigate the effect of pathogens, improve health, and overcome recovery time after intestinal disorder. The global functional proteins market is turned by growth in demand for animal-derived proteins in sports and fitness nutrition and the development of various protein ingredients such as concentrates and isolates for utilization in the food industry. Moreover, recent advancements in protein powder production to encourage health benefits such as muscle gain and fat loss creates profitable opportunities for the functional proteins market players over the forecast period.

Functional Proteins Market

Market Dynamics and Factors for the Functional Proteins Market:

Drivers:

Growing Instance of Chronic Diseases Coupled with Increasing Consumers Awareness

Growing demand for nutraceuticals and increasing consciousness towards maintaining healthy food and boosting the nutritional value of the human body is rising the growth of the functional protein market over the forecast period. Nutraceuticals are referred to as health supplements that support boosting health, defense chronic diseases, increase life expectancy, or help the structure or function of the body. Functional proteins are a composite mixture of biologically active proteins that supports and control normal immune function. Currently, the populace globally is likely toward a healthy lifestyle and is spending significantly on nutritional products. Functional proteins support declining blood pressure that is a major cause of strokes, heart attracts, and chronic kidney diseases. As per the estimates of the Centers for Disease Control and Prevention, about half of adults in the US are influenced by hypertension and are taking medication for hypertension. Moreover, the rate of patients suffering from obesity is escalating over the world. Obesity leads to different health problems such as certain types of cancer, heart disease, type 2 diabetes, and stroke. For example, as per the Centers for Disease Control and Prevention, the frequency of obesity in the US was 42.4% in 2017–2018. To reduce such problems, the populace is exploring new methods to stay fit and prefer healthy lifestyles. Such instances are expected to grow the demand for foods enhanced with functional proteins, helping in the market growth.

Restraints:

High Price for the Functional Proteins

Science and technology are supporting the consumer to choose foods that will help people manage their weight and overall health. Functional protein food items and dietary supplements involve remarkably high costs, which could play as a restraint for the growth of the functional proteins market. These products being less economic might hamper the growth of the functional proteins market, especially in price-sensitive countries such as South Africa and Mexico. Also, animal-based proteins are facing hinder as the vegan population is on the increase and the health benefits of vegetarianism are trending among consumers. The increasing demand for plant-based proteins is hurting the sale and consumption of animal-based proteins, which is hindering functional proteins market growth.

Stringent Regulations for Animal-Sourced Proteins

The US Food & Drug Administration (US FDA) has strict regulations concerning proteins from mammalian tissues. For instance, New Zealand's Ministry of Agriculture and Forestry (MAF) restraint ruminant protein feeding in any type, composition, or admixture to ruminants, owing to the risk of spreading Bovine Spongiform Encephalopathy (BSE), also known as mad cow disease. As a result, the ban has poorly influenced the supply of animal-based protein ingredients globally, as it restricts the trade and accessibility of some animal-based proteins intended for human use.

Challenges:

Growing Allergic Disease

Some of the factors that can hold back the growth of the functional proteins market are growing allergic diseases of plants or outbursts of diseases in poultry as plants and animals are the predominant sources of functional proteins.

Opportunities:

Changing Consumer Preferences towards the Plant-based Products

The market for plant proteins is rising at a high rate as consumers are drifting away from animal proteins to plant-based proteins. Rising shifts to environmental biodiversity, veganism, and animal compassion are the major factors progressive leading to the demand for plant-based proteins as substitute's functional ingredient. Hence, the plant-based protein market is anticipated to observe high demand and surging growth rate, presenting the number of opportunities for expansion and investment in the functional proteins market.

Market Segmentation

Segmentation for the Functional Proteins Market:

Based on the source, the plant source segment is expected to register the maximum functional proteins market share, owing to the growing demand for plant-based or vegan food diets. Plant-based ingredients have been known to disrupt the organoleptic value of a certain class of products. The major key players are investing in R&D of solutions to enhance the quality of the plant-based function ingredients including protein. For instance, in October 2019, Merit Functional Foods launched pea and canola protein ingredients the exceed industry standard for purity, solubility, taste, and other major attributes.

Based on the product type, hydrolysate segment is anticipated to dominates the functional protein market during the forecast period. Hydrolysate referred to any product of hydrolysis. Protein hydrolysate has special application in sports medicine due to its utilization which allows amino acids to be absorbed by the body more rapidly than intact proteins, therefore high nutrient delivery to muscle tissues. It is also utilized in the biotechnology industry as a supplement to cell cultures. These products are anti-micro biotic, antioxidants, prebiotic, hypertensive protein products aimed at utilizing in producing products for infant and clinical nutrition. Nevertheless, the high cost of hydrolysates as compared to other whey product forms is anticipated to restrict their market reach shortly. Furthermore, Casein is a source of various functional peptides comprising different characteristics such as structure formation, foaming, heat stability, water binding, and emulsification. Moreover, casein derivatives are employed in the food as well as the non-food application segments including animal nutrition where they offer functional significance.

Based on the form, the liquid segment accounted for the maximum functional proteins market share over the forecast period. growing sales volumes of dietary protein-based juices and functional beverages in emerged markets of North America and Europe on account of huge and wide brand campaigns by social advertising and electronics media is anticipated to have a positive impact of the functional protein market.

Based on the application, functional food is expected to register the largest functional proteins market share during the forecast period. Functional foods have a probably positive effect on health beyond basic nutrition. Promoters of functional foods encourage optimal health and support overcoming the risk of disease. The rising significance of nutritional fortification in the food processing industry on a global level as a result of changing climate patterns and hectic work life is anticipated to force buyers to focus on new convenience food products fortified with functional proteins.

Players Covered in Functional Proteins market are :

  • ADM (US)
  • DuPont (US)
  • Cargill (US)
  • Ingredion (US)
  • Arla Foods (UK)
  • Roquette (France)
  • BASF (Germany)
  • Glanbia (Ireland)
  • Fonterra (New Zealand)
  • DSM (Netherlands)
  • FrieslandCampina (Netherlands)
  • Essentia Protein Solutions (UK)
  • Amai Proteins (Israel)
  • Mycorena (Sweden)
  • Merit Functional Foods (Canada)
  • Plantible Foods (US)
  • BENEO (Germany)
  • ProtiFarm (Gelderland)
  • Omega Protein (US) and other major players.

Regional Analysis for the Functional Proteins Market:

North America is anticipated to dominate the functional proteins market over the forecast period due to the high frequency of chronic diseases in countries such as the US. Whey protein concentrates are reaching traction as consumers are switching to dairy proteins to accomplish their nutritional needs. Growing utilization of functional foods and dietary supplements. Moreover, the shifting lifestyle of consumers and the rapid growth of the middle-class population along with the rising consumer awareness regarding health and fitness is growing the growth of the functional protein market in this region.
The Asia Pacific is expected to register a significant functional protein market share throughout the forecast period. The rising urban population, busy lifestyle, and growing disposable income are anticipated to remain key factors responsible for growing the sales of dietary supplements. This trend is anticipated to encourage the dietary supplement manufacturers to establish their production units in the vicinity and thus, in turn, will create new industry avenues.

Key Industry Developments in the Functional Proteins Market:

  • 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.
  • In September 2020, ADM augmented its protein portfolio with textured wheat and pea proteins. These high-functionality proteins enhance the meat-like texture of substitutes meats. This introduction ensured ADM's leadership in the plant protein market.

COVID-19 Impact on the Functional Proteins Market:

The market for functional proteins observed a huge slowdown in its progress as a result of the outbreak of the Covid-19 pandemic throughout the world. But in the post covid world, with the changing eating habits, there is a rising inclination towards health and wellness, fortified foods, increasing demand for functional, and the trend of convenience has been rapidly changing the food landscape, and functional proteins are no different. As recovery started in 2021, major players are recuperating their positions by production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms. The outbreak has adversely affected economies and industries in different economies owing to lockdowns, travel limitations, and business shutdowns. Furthermore, the global food and beverage industry is one of the key industries suffering adverse interruptions such as technology events cancellations, supply chain breaks, office shutdowns, etc. The lockdown of various facilities and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East, and Africa restricts the global supply chains and hampers the production operations, delivery schedules, and various goods sales. Transportation is also a key concern as many borders are closed owing to the global travel restrict imposed by economies in Europe, Asia, and North America. This also disrupts business acquisitions and partnerships opportunities. All these factors have restrained the development of the functional protein market.

Global Functional Proteins Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.15 Bn.

Forecast Period 2022-28 CAGR:

5.22%

Market Size in 2028:

USD 7.35 Bn.

Segments Covered:

By Type

  • Whey Protein Concentrates
  • Isolates
  • Hydrolysates
  • Casein
  • Soy Protein

By Application

  • Dietary Supplements
  • Functional Beverages
  • Functional Foods
  • Animal Nutrition
  • Others

By Source

  • Plant
  • Animal

By Form

  • Liquid
  • Dry

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Instance of Chronic Diseases Coupled with Increasing Consumers Awareness

Key Market Restraints:

  • High Price for the Functional Proteins

Key Opportunities:

  • Changing Consumer Preferences towards the Plant-based Products

Companies Covered in the report:

  • ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Source
 3.4 By Form

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Functional Proteins Market by Type
 5.1 Functional Proteins Market Overview Snapshot and Growth Engine
 5.2 Functional Proteins Market Overview
 5.3 Whey Protein Concentrates
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Whey Protein Concentrates: Grographic Segmentation
 5.4 Isolates
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Isolates: Grographic Segmentation
 5.5 Hydrolysates
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Hydrolysates: Grographic Segmentation
 5.6 Casein
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Casein: Grographic Segmentation
 5.7 Soy Protein
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Soy Protein: Grographic Segmentation

Chapter 6: Functional Proteins Market by Application
 6.1 Functional Proteins Market Overview Snapshot and Growth Engine
 6.2 Functional Proteins Market Overview
 6.3 Dietary Supplements
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Dietary Supplements: Grographic Segmentation
 6.4 Functional Beverages
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Functional Beverages: Grographic Segmentation
 6.5 Functional Foods
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Functional Foods: Grographic Segmentation
 6.6 Animal Nutrition
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Animal Nutrition: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation

Chapter 7: Functional Proteins Market by Source
 7.1 Functional Proteins Market Overview Snapshot and Growth Engine
 7.2 Functional Proteins Market Overview
 7.3 Plant
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Plant: Grographic Segmentation
 7.4 Animal
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Animal: Grographic Segmentation

Chapter 8: Functional Proteins Market by Form
 8.1 Functional Proteins Market Overview Snapshot and Growth Engine
 8.2 Functional Proteins Market Overview
 8.3 Liquid
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Liquid: Grographic Segmentation
 8.4 Dry
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Dry: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Functional Proteins Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Functional Proteins Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Functional Proteins Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 ADM
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 DUPONT
 9.4 CARGILL
 9.5 INGREDION
 9.6 ARLA FOODS
 9.7 ROQUETTE
 9.8 BASF
 9.9 GLANBIA
 9.10 FONTERRA
 9.11 DSM
 9.12 FRIESLANDCAMPINA
 9.13 ESSENTIA PROTEIN SOLUTIONS
 9.14 AMAI PROTEINS
 9.15 MYCORENA
 9.16 MERIT FUNCTIONAL FOODS
 9.17 PLANTIBLE FOODS
 9.18 BENEO
 9.19 PROTIFARM
 9.20 OMEGA PROTEIN
 9.21 OTHER MAJOR PLAYERS

Chapter 10: Global Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Whey Protein Concentrates
  10.2.2 Isolates
  10.2.3 Hydrolysates
  10.2.4 Casein
  10.2.5 Soy Protein
 10.3 Historic and Forecasted Market Size By Application
  10.3.1 Dietary Supplements
  10.3.2 Functional Beverages
  10.3.3 Functional Foods
  10.3.4 Animal Nutrition
  10.3.5 Others
 10.4 Historic and Forecasted Market Size By Source
  10.4.1 Plant
  10.4.2 Animal
 10.5 Historic and Forecasted Market Size By Form
  10.5.1 Liquid
  10.5.2 Dry

Chapter 11: North America Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Whey Protein Concentrates
  11.4.2 Isolates
  11.4.3 Hydrolysates
  11.4.4 Casein
  11.4.5 Soy Protein
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Dietary Supplements
  11.5.2 Functional Beverages
  11.5.3 Functional Foods
  11.5.4 Animal Nutrition
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By Source
  11.6.1 Plant
  11.6.2 Animal
 11.7 Historic and Forecasted Market Size By Form
  11.7.1 Liquid
  11.7.2 Dry
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Whey Protein Concentrates
  12.4.2 Isolates
  12.4.3 Hydrolysates
  12.4.4 Casein
  12.4.5 Soy Protein
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Dietary Supplements
  12.5.2 Functional Beverages
  12.5.3 Functional Foods
  12.5.4 Animal Nutrition
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By Source
  12.6.1 Plant
  12.6.2 Animal
 12.7 Historic and Forecasted Market Size By Form
  12.7.1 Liquid
  12.7.2 Dry
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Whey Protein Concentrates
  13.4.2 Isolates
  13.4.3 Hydrolysates
  13.4.4 Casein
  13.4.5 Soy Protein
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Dietary Supplements
  13.5.2 Functional Beverages
  13.5.3 Functional Foods
  13.5.4 Animal Nutrition
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By Source
  13.6.1 Plant
  13.6.2 Animal
 13.7 Historic and Forecasted Market Size By Form
  13.7.1 Liquid
  13.7.2 Dry
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Whey Protein Concentrates
  14.4.2 Isolates
  14.4.3 Hydrolysates
  14.4.4 Casein
  14.4.5 Soy Protein
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Dietary Supplements
  14.5.2 Functional Beverages
  14.5.3 Functional Foods
  14.5.4 Animal Nutrition
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By Source
  14.6.1 Plant
  14.6.2 Animal
 14.7 Historic and Forecasted Market Size By Form
  14.7.1 Liquid
  14.7.2 Dry
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Functional Proteins Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Whey Protein Concentrates
  15.4.2 Isolates
  15.4.3 Hydrolysates
  15.4.4 Casein
  15.4.5 Soy Protein
 15.5 Historic and Forecasted Market Size By Application
  15.5.1 Dietary Supplements
  15.5.2 Functional Beverages
  15.5.3 Functional Foods
  15.5.4 Animal Nutrition
  15.5.5 Others
 15.6 Historic and Forecasted Market Size By Source
  15.6.1 Plant
  15.6.2 Animal
 15.7 Historic and Forecasted Market Size By Form
  15.7.1 Liquid
  15.7.2 Dry
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Functional Proteins Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 5.15 Bn.

Forecast Period 2022-28 CAGR:

5.22%

Market Size in 2028:

USD 7.35 Bn.

Segments Covered:

By Type

  • Whey Protein Concentrates
  • Isolates
  • Hydrolysates
  • Casein
  • Soy Protein

By Application

  • Dietary Supplements
  • Functional Beverages
  • Functional Foods
  • Animal Nutrition
  • Others

By Source

  • Plant
  • Animal

By Form

  • Liquid
  • Dry

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Instance of Chronic Diseases Coupled with Increasing Consumers Awareness

Key Market Restraints:

  • High Price for the Functional Proteins

Key Opportunities:

  • Changing Consumer Preferences towards the Plant-based Products

Companies Covered in the report:

  • ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. FUNCTIONAL PROTEINS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. FUNCTIONAL PROTEINS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. FUNCTIONAL PROTEINS MARKET COMPETITIVE RIVALRY
TABLE 005. FUNCTIONAL PROTEINS MARKET THREAT OF NEW ENTRANTS
TABLE 006. FUNCTIONAL PROTEINS MARKET THREAT OF SUBSTITUTES
TABLE 007. FUNCTIONAL PROTEINS MARKET BY TYPE
TABLE 008. WHEY PROTEIN CONCENTRATES MARKET OVERVIEW (2016-2028)
TABLE 009. ISOLATES MARKET OVERVIEW (2016-2028)
TABLE 010. HYDROLYSATES MARKET OVERVIEW (2016-2028)
TABLE 011. CASEIN MARKET OVERVIEW (2016-2028)
TABLE 012. SOY PROTEIN MARKET OVERVIEW (2016-2028)
TABLE 013. FUNCTIONAL PROTEINS MARKET BY APPLICATION
TABLE 014. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
TABLE 015. FUNCTIONAL BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 016. FUNCTIONAL FOODS MARKET OVERVIEW (2016-2028)
TABLE 017. ANIMAL NUTRITION MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. FUNCTIONAL PROTEINS MARKET BY SOURCE
TABLE 020. PLANT MARKET OVERVIEW (2016-2028)
TABLE 021. ANIMAL MARKET OVERVIEW (2016-2028)
TABLE 022. FUNCTIONAL PROTEINS MARKET BY FORM
TABLE 023. LIQUID MARKET OVERVIEW (2016-2028)
TABLE 024. DRY MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA FUNCTIONAL PROTEINS MARKET, BY TYPE (2016-2028)
TABLE 026. NORTH AMERICA FUNCTIONAL PROTEINS MARKET, BY APPLICATION (2016-2028)
TABLE 027. NORTH AMERICA FUNCTIONAL PROTEINS MARKET, BY SOURCE (2016-2028)
TABLE 028. NORTH AMERICA FUNCTIONAL PROTEINS MARKET, BY FORM (2016-2028)
TABLE 029. N FUNCTIONAL PROTEINS MARKET, BY COUNTRY (2016-2028)
TABLE 030. EUROPE FUNCTIONAL PROTEINS MARKET, BY TYPE (2016-2028)
TABLE 031. EUROPE FUNCTIONAL PROTEINS MARKET, BY APPLICATION (2016-2028)
TABLE 032. EUROPE FUNCTIONAL PROTEINS MARKET, BY SOURCE (2016-2028)
TABLE 033. EUROPE FUNCTIONAL PROTEINS MARKET, BY FORM (2016-2028)
TABLE 034. FUNCTIONAL PROTEINS MARKET, BY COUNTRY (2016-2028)
TABLE 035. ASIA PACIFIC FUNCTIONAL PROTEINS MARKET, BY TYPE (2016-2028)
TABLE 036. ASIA PACIFIC FUNCTIONAL PROTEINS MARKET, BY APPLICATION (2016-2028)
TABLE 037. ASIA PACIFIC FUNCTIONAL PROTEINS MARKET, BY SOURCE (2016-2028)
TABLE 038. ASIA PACIFIC FUNCTIONAL PROTEINS MARKET, BY FORM (2016-2028)
TABLE 039. FUNCTIONAL PROTEINS MARKET, BY COUNTRY (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA FUNCTIONAL PROTEINS MARKET, BY TYPE (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA FUNCTIONAL PROTEINS MARKET, BY APPLICATION (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA FUNCTIONAL PROTEINS MARKET, BY SOURCE (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA FUNCTIONAL PROTEINS MARKET, BY FORM (2016-2028)
TABLE 044. FUNCTIONAL PROTEINS MARKET, BY COUNTRY (2016-2028)
TABLE 045. SOUTH AMERICA FUNCTIONAL PROTEINS MARKET, BY TYPE (2016-2028)
TABLE 046. SOUTH AMERICA FUNCTIONAL PROTEINS MARKET, BY APPLICATION (2016-2028)
TABLE 047. SOUTH AMERICA FUNCTIONAL PROTEINS MARKET, BY SOURCE (2016-2028)
TABLE 048. SOUTH AMERICA FUNCTIONAL PROTEINS MARKET, BY FORM (2016-2028)
TABLE 049. FUNCTIONAL PROTEINS MARKET, BY COUNTRY (2016-2028)
TABLE 050. ADM: SNAPSHOT
TABLE 051. ADM: BUSINESS PERFORMANCE
TABLE 052. ADM: PRODUCT PORTFOLIO
TABLE 053. ADM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. DUPONT: SNAPSHOT
TABLE 054. DUPONT: BUSINESS PERFORMANCE
TABLE 055. DUPONT: PRODUCT PORTFOLIO
TABLE 056. DUPONT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. CARGILL: SNAPSHOT
TABLE 057. CARGILL: BUSINESS PERFORMANCE
TABLE 058. CARGILL: PRODUCT PORTFOLIO
TABLE 059. CARGILL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. INGREDION: SNAPSHOT
TABLE 060. INGREDION: BUSINESS PERFORMANCE
TABLE 061. INGREDION: PRODUCT PORTFOLIO
TABLE 062. INGREDION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. ARLA FOODS: SNAPSHOT
TABLE 063. ARLA FOODS: BUSINESS PERFORMANCE
TABLE 064. ARLA FOODS: PRODUCT PORTFOLIO
TABLE 065. ARLA FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. ROQUETTE: SNAPSHOT
TABLE 066. ROQUETTE: BUSINESS PERFORMANCE
TABLE 067. ROQUETTE: PRODUCT PORTFOLIO
TABLE 068. ROQUETTE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. BASF: SNAPSHOT
TABLE 069. BASF: BUSINESS PERFORMANCE
TABLE 070. BASF: PRODUCT PORTFOLIO
TABLE 071. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. GLANBIA: SNAPSHOT
TABLE 072. GLANBIA: BUSINESS PERFORMANCE
TABLE 073. GLANBIA: PRODUCT PORTFOLIO
TABLE 074. GLANBIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. FONTERRA: SNAPSHOT
TABLE 075. FONTERRA: BUSINESS PERFORMANCE
TABLE 076. FONTERRA: PRODUCT PORTFOLIO
TABLE 077. FONTERRA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. DSM: SNAPSHOT
TABLE 078. DSM: BUSINESS PERFORMANCE
TABLE 079. DSM: PRODUCT PORTFOLIO
TABLE 080. DSM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. FRIESLANDCAMPINA: SNAPSHOT
TABLE 081. FRIESLANDCAMPINA: BUSINESS PERFORMANCE
TABLE 082. FRIESLANDCAMPINA: PRODUCT PORTFOLIO
TABLE 083. FRIESLANDCAMPINA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. ESSENTIA PROTEIN SOLUTIONS: SNAPSHOT
TABLE 084. ESSENTIA PROTEIN SOLUTIONS: BUSINESS PERFORMANCE
TABLE 085. ESSENTIA PROTEIN SOLUTIONS: PRODUCT PORTFOLIO
TABLE 086. ESSENTIA PROTEIN SOLUTIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. AMAI PROTEINS: SNAPSHOT
TABLE 087. AMAI PROTEINS: BUSINESS PERFORMANCE
TABLE 088. AMAI PROTEINS: PRODUCT PORTFOLIO
TABLE 089. AMAI PROTEINS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. MYCORENA: SNAPSHOT
TABLE 090. MYCORENA: BUSINESS PERFORMANCE
TABLE 091. MYCORENA: PRODUCT PORTFOLIO
TABLE 092. MYCORENA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. MERIT FUNCTIONAL FOODS: SNAPSHOT
TABLE 093. MERIT FUNCTIONAL FOODS: BUSINESS PERFORMANCE
TABLE 094. MERIT FUNCTIONAL FOODS: PRODUCT PORTFOLIO
TABLE 095. MERIT FUNCTIONAL FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. PLANTIBLE FOODS: SNAPSHOT
TABLE 096. PLANTIBLE FOODS: BUSINESS PERFORMANCE
TABLE 097. PLANTIBLE FOODS: PRODUCT PORTFOLIO
TABLE 098. PLANTIBLE FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. BENEO: SNAPSHOT
TABLE 099. BENEO: BUSINESS PERFORMANCE
TABLE 100. BENEO: PRODUCT PORTFOLIO
TABLE 101. BENEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. PROTIFARM: SNAPSHOT
TABLE 102. PROTIFARM: BUSINESS PERFORMANCE
TABLE 103. PROTIFARM: PRODUCT PORTFOLIO
TABLE 104. PROTIFARM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. OMEGA PROTEIN: SNAPSHOT
TABLE 105. OMEGA PROTEIN: BUSINESS PERFORMANCE
TABLE 106. OMEGA PROTEIN: PRODUCT PORTFOLIO
TABLE 107. OMEGA PROTEIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 108. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 109. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 110. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. FUNCTIONAL PROTEINS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. FUNCTIONAL PROTEINS MARKET OVERVIEW BY TYPE
FIGURE 012. WHEY PROTEIN CONCENTRATES MARKET OVERVIEW (2016-2028)
FIGURE 013. ISOLATES MARKET OVERVIEW (2016-2028)
FIGURE 014. HYDROLYSATES MARKET OVERVIEW (2016-2028)
FIGURE 015. CASEIN MARKET OVERVIEW (2016-2028)
FIGURE 016. SOY PROTEIN MARKET OVERVIEW (2016-2028)
FIGURE 017. FUNCTIONAL PROTEINS MARKET OVERVIEW BY APPLICATION
FIGURE 018. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
FIGURE 019. FUNCTIONAL BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 020. FUNCTIONAL FOODS MARKET OVERVIEW (2016-2028)
FIGURE 021. ANIMAL NUTRITION MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. FUNCTIONAL PROTEINS MARKET OVERVIEW BY SOURCE
FIGURE 024. PLANT MARKET OVERVIEW (2016-2028)
FIGURE 025. ANIMAL MARKET OVERVIEW (2016-2028)
FIGURE 026. FUNCTIONAL PROTEINS MARKET OVERVIEW BY FORM
FIGURE 027. LIQUID MARKET OVERVIEW (2016-2028)
FIGURE 028. DRY MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA FUNCTIONAL PROTEINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE FUNCTIONAL PROTEINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC FUNCTIONAL PROTEINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA FUNCTIONAL PROTEINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA FUNCTIONAL PROTEINS MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Functional Proteins Market research report?

The forecast period in the Functional Proteins Market research report is 2022-2028.

Who are the key players in Functional Proteins Market?

ADM (US), DuPont (US), Cargill (US), Ingredion (US), Arla Foods (UK), Roquette (France), BASF (Germany), Glanbia (Ireland), Fonterra (New Zealand), DSM (Netherlands), FrieslandCampina (Netherlands), Essentia Protein Solutions (UK), Amai Proteins (Israel), Mycorena (Sweden), Merit Functional Foods (Canada), Plantible Foods (US), BENEO (Germany), ProtiFarm (Gelderland), Omega Protein (US), and other major players.

What are the segments of the Functional Proteins Market?

The Functional Proteins Market is segmented into type, application, source, form, and region. By Type, the market is categorized into Whey Protein Concentrates, Isolates, Hydrolysates, Casein, and Soy Protein. By Application, the market is categorized into Dietary Supplements, Functional Beverages, Functional Foods, Animal Nutrition, and Others. By Source, the market is categorized into Plant and Animal. By Form, the market is categorized into Liquid and Dry. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Functional Proteins Market?

Functional proteins are biochemical compounds intricated virtually in every cell function. They contain polypeptides that conduct biological activities. Some proteins are involved in the protection against germs while some contribute to structural help.

How big is the Functional Proteins Market?

The Functional Proteins Market was valued at USD 5.15 Billion in 2021 and is projected to reach USD 7.35 Billion by 2028, growing at a CAGR of 5.22% from 2022 to 2028.