"Market Intelligence that Adds Flavour to Your Success"

Functional Proteins Market Size, Share & Industry Analysis, By Type (Whey Protein, Casein Protein, Soy Protein, Hemp Protein, Pea Protein, Other Functional Proteins), By Form (Concentrates, Isolates, Hydrolysates), By Application (Dietary Supplements, Functional Foods, Functional Beverages, Animal Nutrition)and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102458 | Status : Ongoing

 

KEY MARKET INSIGHTS

The rising demand for high protein, nutritious products across the globe has expanded the application area of functional proteins. Functional proteins are biologically active proteins that help in maintaining normal functions of a human body. They are readily used in dietary supplements as a base to increase its nutritional value. Functional proteins are extensively used in infant nutrition products as they are easily absorbed by the body. The rising demand for functional foods and beverages especially in developed markets is fuelling the growth of the functional proteins market.


The demand for plant-based functional proteins is increasing owing due to the rising popularity of vegan diets and plant-based products. Plant-based ingredients have been known to disrupt the organoleptic value of certain class of products. The prominent companies are investing in research and development of solutions to improve the quality of plant-based functional ingredients. For instance, in October 2019, Merit Functional Foods introduced pea and canola protein ingredients that exceed industry standards for purity, solubility, taste and other key attributes.


Key Market Driver -

Robust Demand for Protein-based Supplements

Key Market Restraint -

High Cost of Production of Functional-Proteins


Functional proteins have a strong demand among fitness enthusiasts for muscle development. Animal proteins such as whey and casein are branded with claims such as “enhancing muscle growth and development”. The increasing promotions by fitness centers to increase the sales of protein-based supplements are expected to boost the growth of the market. The key manufacturing companies are focused on the development and launch of various products to meet the growing demand among fitness enthusiasts. For instance, in November 2019, Arla Foods Ingredients launched a 100% whey protein isolate ingredient designed for ready-to-drink protein beverages.


The expensive technologies used for the manufacturing of functional proteins is expected to act as a primary restraint for the growth of the global functional proteins market. The high cost of types of equipment used in membrane filtration technology used for whey protein derivatives and solvent extraction technology used for plant-based protein derivatives is expected to hamper the growth of the market.


Key Players Covered:


Amway, Arla Foods Ingredients Group, Kerry Group, General Foods Corporation, Glanbia Plc, Fonterra Co-Operative Group, The Archer Daniels Midland Company, Cargill, Inc., Ingredion Inc., and Nature’s Bounty Company, are the prominent players operating in the global functional proteins market


The global functional proteins market is segmented by its type, form, application, and geography. Whey protein is expected to witness robust growth due to its wide range of application in the food and beverage sector. Whey Protein is readily used as a base in various dietary supplements. The abundant availability of milk for the production of whey protein is also responsible for the strong growth of the market.


The demand for protein concentrates is high owing to its easy availability and low manufacturing cost as compared to other protein derivatives. The leading companies are focused on developing innovative products to meet the rising demand for protein concentrates. For instance, in April 2018, Glanbia Nutritionals launched new performance nutrition ingredients, WheyXR, a whey protein concentrate for fitness products, in Europe, Middle East, and Africa.


The application of functional proteins for the dietary supplements segment is expected to witness strong growth owing to the increased popularity of nutraceuticals across a wide consumer base. The growing awareness of the health benefits of consuming functional foods and supplements I s driving the demand for functional proteins in dietary supplements. Functional proteins are widely being used for the formulation of pregnancy nutrition and infant nutrition products. The key companies are providing innovative products to cater to the growing demand for protein-based supplements. For instance, in November 2019, Arla Foods launched Lacprodan MFGM-10, a whey protein concentrate for supplements to support a child’s cognitive development during pregnancy and lactation.


Regional Analysis:


North America region is expected to witness strong growth owing to increasing research and development activities in the region. The dominance of key companies in the region contributes to the rapid growth of the market. The penetration of health benefits of functional proteins across all the countries in the region is responsible for the growth of the market. The key companies are focused on mergers and acquisitions to expand their business. For instance, in June 2018, U.S.-based protein supplier Essentia acquired Scanflavaour, one of the largest producers of functional proteins and ingredients.


Europe is expected to witness the promising growth of the functional proteins market on account of the growing health consciousness and evolving dietary patterns. The interest in plant-based products and ingredients continues to dominate food and beverage trends mainly because of the rising popularity of vegan and flexitarian diets in the region. The key companies are focused on providing plant-based solutions to meet the growing demand. For instance, in December 2019, Ingredion, Inc., launched its first plant-based protein isolate in Europe, Middle East & Africa. The newly launched product can be utilized for a variety of applications such as nutrition bars, ready-to-drink functional beverages, and snacks.


To gain extensive insights into the market, Request for Customization


Asia Pacific is expected to witness sturdy growth due to the high demand of functional proteins in sports nutrition products. The rising awareness about functional foods and beverages and evolving buying patterns in developing markets are responsible for the growth of the market in the region. The high cost of functional proteins has a strong effect on buying patterns in developing markets in the region. The companies are launching cost-effective products to expand their business in the region. For instance, Singapore-based sports nutrition start-up Lion Lab Nutrition launched whey concentrate products of high quality at a low cost.


Segmentation


























 ATTRIBUTE


 DETAILS

By Type




  • Whey Protein

  • Casein Protein

  • Soy Protein

  • Hemp Protein

  • Pea Protein

  • Other Functional Proteins



By Form




  • Concentrates

  • Isolates

  • Hydrolysates



By Application




  • Dietary Supplements

  • Functional Foods

  • Functional Beverages

  • Animal Nutrition



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In January 2020, Nestle S.A. announced a collaboration with Burcon and Merit, two key players in the development of high-quality functional protein ingredients to expand its plant-based functional food portfolio.

  • In August 2019, Ingredion expanded its plant-based functional protein facility in Canada to meet the growing demand for plant-based proteins in North America.


Functional Proteins Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

mitsui-logo
lafabril-logo-medium
Clasen-Quality-Chocolate

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X