Global Functional Proteins Market, By Source (Plant and Animals), Type (Hydrolysates, Whey-Based, Casein and Caseinate and Soy-Based), Structure (Primary, Secondary, Tertiary and Quaternary), Form (Liquid and Powder), Application (Functional Food and Beverages, Dietary Supplements and Animal Nutrition), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the global functional proteins market will project a CAGR of 6.50% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards food products with high protein content, surging cases of chronic diseases and increasing personal disposable income by the major companies are the major factors attributable to the growth of functional proteins market.
Functional proteins are the compounds that are consumed to boost up the immunity against pathogens. Functional proteins are the biochemical compounds that are needed for the structure, function, and formation of the body’s organs and tissues.
Rising personal disposable income and growing consumer consciousness towards maintaining good health and fitness are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global population are acting as market growth determinants. Improving distribution channel, rising technological upgradations in the manufacturing technology, recent advancements in protein powder manufacturing to promote health benefits, ever-rising growth of retail sector in the developing economies and changing tastes and preferences of consumers will further induce growth in the market value.
However, stringent laws and regulations imposed by the government and relevant regulatory bodies will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Growing cases of allergic disease to plants or outburst of diseases in poultry, high costs associated with these products and rise in the cost of research and development activities will also hamper the market growth rate.
This functional proteins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on functional proteins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Functional Proteins Market Scope and Market Size
The functional proteins market is segmented on the basis of source, type, structure, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the functional proteins market is segmented into plant and animals. Further on the basis of plants, the market is segmented into beans and soya. Further on the basis of animals, the market is segmented into eggs, dairy, poultry and beef.
- On the basis of type, the functional proteins market is segmented into hydrolysates, whey-based, casein and caseinate and soy-based. Further hydrolysates are segmented into hydrolyzed animal protein and hydrolyzed vegetable protein. Further whey-base is segmented into, isolate and concentrate.
- On the basis of structure, the functional proteins market is segmented into primary, secondary, tertiary and quaternary.
- On the basis of form, the functional proteins market is segmented into liquid and powder.
- On the basis of application, the functional proteins market is segmented into functional food and beverages, dietary supplements and animal nutrition.
Functional Proteins Market Country Level Analysis
The functional proteins market is analyses and market size, volume information is provided by country, source, type, structure, form and application as referenced above.
The countries covered in the functional proteins market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the functional proteins market and will continue to flourish its trend of dominance during the forecast period owing to the increase in the consumption of dietary supplements and rises in athletes and sports activities. Asia-Pacific is set to register the a high growth rate during the forecast period and score the highest CAGR owing to the increased use of functional food and egg protein, rising westernization, changing lifestyle, and increasing personal disposable income.
The country section of the functional proteins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Functional Proteins Market Share Analysis
The functional proteins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to functional proteins market.
Some of the major players operating in the functional proteins market are ADM, DuPont., Kemin Industries, Inc., Tate & Lyle, Kerry Inc., DSM, Cargill, Incorporated, BASF SE, Ingredion, Roquette Frères, SunOpta, Darling Ingredients., Omega Protein Corporation, Dow, Kemin Industries, Inc., InVivo, John Pointon & Sons Ltd., Glanbia Plc, Herbalife International of America, Inc., Amway India Enterprises Pvt. Ltd. and Fonterra Co-operative Group Limited among others.