Functional Proteins Market Size and Share Report to 2027

[Research Report] The functional proteins market was valued at US$ 10,297.91 million in 2019 and is projected to reach US$ 17,767.48 million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 to 2027.

Consumers are more inclined toward wellness, health, and nutrition content. Food industry is continuously introducing new products considering the adoption of healthy lifestyle among consumers. Among functional food ingredients, protein is one of the significant ingredients that are naturally found in the range of animal and plant sources. Proteins are crucial for the smooth body functioning, and are required for the structure, function, and regulation of the body’s tissues and organs. The awareness among consumers regarding the benefits offered by functional proteins is contributing significantly to the growth of the functional proteins market. In addition, increasing disposable income of consumers in emerging economies in Asia Pacific, Middle East, and Africa, and South America contributes to the market growth.

In 2019, Asia-Pacific held the largest share of the global functional proteins market. Emerging countries in Asia Pacific region are witnessing an upsurge in the middle-class population and urbanization growth, which offers lucrative opportunities for the key market players in the market. The region contributes a substantial share in functional protein consumption due to rising population base coupled with increasing disposable income. The growth of the functional protein market in Asia Pacific is majorly fueled by the growing healthcare awareness and rising consumer interest toward nutritional and healthy diets. Moreover, the sales of infant formula with high amount of functional proteins is rising in Asia Pacific region. Working women population is increasing in Asia Pacific countries and many working mothers are preferring for healthy and convenient food options for their infants, which is also bolstering the market growth.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are ~108,579,352 confirmed cases and 2,396,408 total deaths globally. The outbreak has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc. The lockdown of various plants 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 hinders the manufacturing activities, delivery schedules, and various goods sales. Transportation is also a major concern as many borders are closed due to the global travel bans imposed by countries in Europe, Asia, and North America. This also disrupts business collaborations and partnerships opportunities. All these factors have restrained the growth of the functional protein market.

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Functional Proteins Market: Strategic Insights

Functional Proteins Market

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  CAGR (2019 - 2027)

  7.2%
• Market Size 2019
  US$ 10.3 Billion
• Market Size 2027
  US$ 17.77 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• AMCO Proteins APC INC
• FrieslandCampina
• Abbott Nutrition
• Archer Daniels Midland Company
• Arla Foods Ingredients Group
• Cargill Incorporated
• Glanbia plc
• DSM
• Real Dairy Australia Pty Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Hydrolysates
• Concentrates
• Isolates

Source

• Plant and Animal

Form

• Dry and Liquid

Application

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

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Increasing Instance of Chronic Diseases Coupled with Rising Consumers Awareness

Functional proteins are a complex mixture of biologically active proteins that supports and maintains normal immune function. Nowadays, the populace worldwide is inclined toward a healthy lifestyle and is spending considerably on nutritional products. Functional proteins help in lowering the blood pressure that is a major cause of heart attracts, strokes, and chronic kidney diseases. According to the estimates of Centers for Disease Control and Prevention, nearly half of adults in the US are affected by hypertension and are taking medication for hypertension. Furthermore, the rate of patients suffering from obesity is escalating across the globe. Obesity leads to various health issues such as heart disease, type 2 diabetes, stroke, and certain types of cancer. For instance, according to the Centers for Disease Control and Prevention, the prevalence of obesity in the US was 42.4% in 2017–2018. To overcome such issues, the populace is exploring new methods to stay fit and opt for healthy lifestyles. Such instances are estimated to increase the demand for foods enriched with functional proteins, aiding in the market expansion.

Type Insights

Based on type, the global functional proteins market is segmented into hydrolysates, concentrates, and isolates. The isolates segment led the market in 2019. Functional protein isolates are highly concentrated protein fractions and protein concentrates obtained from plant and animal sources that can be produced by wet processing. The protein separation is mainly based on solubilization of protein followed by the isoelectric process or an ultrafiltration process for the subsequent recovery. A whey protein isolate is a dietary supplement and a food ingredient formed by separating components from whey. Whey is a milk by-product of the cheese-making process. Protein isolates and specifically the pea protein isolate are well absorbed and possess a myriad of functional benefits such as improved satiety, facilitating fat loss, and muscle gain.  

Source Insights

By source, the global functional proteins market is bifurcated into plant and animal. The animal segment dominated the market in 2019. Animal proteins such as meat, eggs, and dairy protein are complete proteins as they offer all of the essential amino acids that the body needs. Animal products always provide the highest-quality protein sources. Hydrolysates, concentrates, and isolates are the three major types of functional animal protein which are found in the market. Among food & beverage and animal feed industries, animal functional protein plays a crucial role. Protein supplement powder of animal-based protein is gaining popularity among health-conscious consumers across the world.  

Form Insights

By form, the global functional proteins market is bifurcated into dry and liquid. The dry segment dominated the market in 2019. Dry protein concentrate is highly employed in nutritional supplements. Protein is an essential macronutrient that helps build muscle, repair tissue, and make enzymes & hormones. Protein powder can also aid weight loss and help consumers tone their muscles. Whey protein concentrates are basically used as ingredients in many food applications such as confectionery, snack foods, bakery products, yogurts, dips, desserts, meat products, ice cream, soups, pasta products, sauces, beverages, and processed cheese products.

Application Insights

By application, the global functional proteins market is segmented into functional foods, functional beverages, dietary supplements, animal nutrition, and others. The dietary supplements segment dominated the market in 2019. Dietary supplements are substances utilized to add nutrients to the diet or to lower the risk of health problems such as osteoporosis or arthritis. Protein supplements are products intended to offer additional nutritional value to the diet. The increasing awareness regarding diseases caused by protein deficiencies and rising need for on-the-go meal replacers are convincing consumers to include protein supplements in their busy lifestyles.

The players present in the functional proteins market are implementing the mergers and acquisition and research & development strategies to enlarge their customer base and gain significant market share across the world, which also permits the players to maintain their brand name globally.

Functional Proteins Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Report Spotlights 

• Progressive industry trends in the global functional proteins market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global functional proteins market from 2017 to 2027
• Estimation of functional proteins demand across various industries worldwide
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
• Recent developments to understand the competitive market scenario and global functional proteins demand
• Market trends and outlook coupled with factors driving and restraining the growth of the global functional proteins market
• Decision-making process by understanding strategies that underpin commercial interest with regard to global functional proteins market growth

• Global functional proteins market size at various nodes of market
• Detailed overview and segmentation of the global functional proteins market, as well as its dynamics in the industry
• Global functional proteins market size in various regions with promising growth opportunities

Functional Proteins Market – by Type

• Hydrolysates
• Concentrates
• Isolates

Functional Proteins Market – by Source

• Plant
• Animal

Functional Proteins Market – by Form

• Dry
• Liquid

Functional Proteins Market – by Application

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

Company Profiles

• AMCO Proteins
• APC INC
• FrieslandCampina
• Abbott Nutrition
• Archer Daniels Midland Company
• Arla Foods Ingredients Group
• Cargill, Incorporated
• Glanbia plc
• DSM
• Real Dairy Australia Pty Ltd.
• Fonterra Co-operative Group Limited
• Kerry
• Saputo Ingredients