Functional Proteins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Functional Proteins Market is segmented by Product Type (Protein Hydrolysates, Protein Concentrates, Protein Isolates, and Casein and Caseinates), By Source (Animal and Plant), By Application (Food and Beverage (Bakery and confectionery, Infant formula, Dairy, and Beverage) Dietary Supplements and Others) and Geography

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 0 %

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Market Overview

Global Functional Protein market is growing at a CAGR of   __% during the forecast period (2020-2025).

  • The market is driven by the shift in demand from processed food to healthy food products with improved functionalities and development of various protein ingredients such as hydrolysates, isolates and concentrates for effective utilization in various applications such as dietary supplements and food & beverages.
  • Rising awareness among consumers about the benefits of functional proteins is also anticipated to increase the demand for the same.
  • However, high costs associated with R&D activities and strict laws by governing bodies may hamper the market growth.

Scope of the Report

The global functional protein market has been segmented by product type which includes protein hydrolysates, protein concentrates, protein isolates and casein and caseinates. Based on the source, the market is segmented into animal and plant. Based on the application, the market is segmented into food and beverages, dietary supplements and others. The food and beverage sector is further divided into bakery and confectionery, infant formula, beverage, and dairy. The report further analyses the global scenario of the market, which includes detail analysis on North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.

By Product Type
Protein Hydrolysates
Protein Concentrates
Protein Isolates
Casein and Caseinates
By Source
Animal
Plant
By Application
Food and Beverages
Bakery and Confectionery
Infant Formula
Beverage
Dairy
Dietary Supplements
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Increased Usage of Functional Proteins in Dietary Supplements

Consumers are now joining fitness centers and gyms owing to the increased cases of lifestyle diseases and growing health awareness among consumers. Dietary supplements especially protein supplements containing functional proteins are often recommended in these centers as it aids to build muscle mass, manage weight and bone density and fulfill the protein requirement of the body.  Dietary supplements such as whey protein concentrate also provides added advantages such as fat loss, stress reduction and decreased cravings and thus increasing the market growth of functional proteins.

Functional Proteins Market1

Asia Pacific is the Fastest Growing Market

The market is growing due to the increasing consumer interest in functional products with clear health benefits and great taste. In 2018, Kerry highlighted its premium protein range including plant-based ProDiem and dairy-based Ultranor proteins at Vitafoods Asia, a nutraceutical event held in Singapore. Dairy and plant proteins are preferred as they play a major role in helping the aging population to retain muscle mass and to remain healthy.

Functional Protein Market12

Competitive Landscape

The global market for functional proteins is driven by various active players. The major players have used several strategies such as new product launches, expansions, joint ventures, partnerships, acquisitions, and others to increase the market growth. There are numerous prominent players in the market such as Kerry Inc, Glanbia plc, AMCO Proteins, and Ingredia SA, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Protein Hydrolysates

      2. 5.1.2 Protein Concentrates

      3. 5.1.3 Protein Isolates

      4. 5.1.4 Casein and Caseinates

    2. 5.2 By Source

      1. 5.2.1 Animal

      2. 5.2.2 Plant

    3. 5.3 By Application

      1. 5.3.1 Food and Beverages

        1. 5.3.1.1 Bakery and Confectionery

        2. 5.3.1.2 Infant Formula

        3. 5.3.1.3 Beverage

        4. 5.3.1.4 Dairy

      2. 5.3.2 Dietary Supplements

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Germany

        4. 5.4.2.4 France

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Kerry Inc.

      2. 6.4.2 Glanbia plc

      3. 6.4.3 Fonterra Co-operative Group

      4. 6.4.4 AMCO Proteins

      5. 6.4.5 Milk Specialties

      6. 6.4.6 Ingredia SA

      7. 6.4.7 FrieslandCampina

      8. 6.4.8 Archer Daniels Midland Company

      9. 6.4.9 MGP Ingredients Inc.

      10. 6.4.10 DuPont de Nemours, Inc

      11. 6.4.11 Cargill Incorporated

      12. 6.4.12 Omega Protein Corporation

      13. 6.4.13 Aroma NZ

      14. 6.4.14 Colpex International

      15. 6.4.15 Scanbio Marine Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Functional Proteins Market market is studied from 2016 - 2026.

The Functional Proteins Market is growing at a CAGR of 0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Kerry Inc, Glanbia plc, Fonterra Co-operative Group, AMCO Proteins, Milk Specialties are the major companies operating in Functional Proteins Market.

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