Functional Proteins Market - Forecast(2023 - 2028)
Functional Proteins Market Overview
Functional Proteins Market size is estimated to reach $11.3 billion by 2027, growing at a CAGR of 8.7% during the forecast period 2022-2027. Functional proteins can be delineated as biologically active that extend numerous benefits regarding maintenance of functions related to immunity. Moreover, a quantity of protein is added to foods reinvigorated with nutrients. Immunoglobulins also described as antibodies, hormones, and enzymes like trypsin inhibitors are common examples of Globular or Functional proteins. Moreover, Avidin a biotic-binding protein that has an antibiotic function and is found frequently in eggs is another example of a functional protein. Functional proteins extend several benefits to the body like tissue building, stimulating biochemical reactions, and preventing blood clotting as it is the primary function of enzymes. The functional proteins market outlook is fairly enchanting as ingesting of protein supplements, and other sports diets are expanding. With soaring health awareness among people, broadening usage of plant-based proteins are factors set to drive the growth of the Functional Proteins Industry for the period 2022-2027.
Report Coverage
The report: “Functional Proteins Market
Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following
segments of the Functional Proteins Market.
Key Takeaways
- Geographically, the North America Functional Proteins Market accounted for the highest revenue share in 2021. However, Asia-Pacific is poised to dominate the market over the period 2022-2027.
- Proliferating the disposable income of people is said to be a preeminent driver driving the growth of the Functional Proteins Market. Enlarging inflation, and side-effects associated with functional protein intake are said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Functional Proteins Market report.
The Functional Proteins Market based on the
application type can be further segmented into food and beverage, and nutritional
supplements. The nutritional supplement segment held the largest share in 2021.
The growth is owing to expanding supplement market due to a surge in demand as
health consciousness among people has risen steadily. The dietary supplement
industry has crossed the $140 billion mark in 2020 and is anticipated to reach
$280-290 billion by the year 2027. However, Food and beverage segment is
estimated to be the fastest-growing with a CAGR of 9.4% over the forecast period
2022-2027. This growth is owing to the growing usage of proteins in the
fabrication of several food products and beverages. Furthermore, the enhanced
taste of protein-rich beverages makes them easier to consume. Nutrient-rich
nature with compromising the taste and quality of drinks and other products
makes them much more interesting.
Functional Proteins Market Segment Analysis-By Distribution Channel
The Functional Proteins Market based on
distribution channels can be further segmented into Supermarkets, Convenience
Stores, Special stores, Online platforms, and retail stores. The supermarkets
segment is held the largest share in 2021. The growth is owing to a rise in
Special store channels all over the world. According to a report around 15,070
supplement stores in the U.S. in 2021. The number is likely to expand as the
vitamin and supplement industry is stimulating and has reached $ 35.7 billion
in 2021. On another hand, specialty stores extend options for convenient and
comfortable shopping which saves time for consumers. Besides, swift urbanization
ensued in the migration of people from pastoral to urban areas for a better
lifestyle. Moreover, the online segment is estimated to be the fastest-growing
segment with a CAGR of 9.7% over the forecast period 2022-2027. This growth is
owing to enlarging online infrastructure. Proliferating technological
advancements, and augmenting competition due to the presence of gigantic players
like Amazon, Walmart is driving the overall market growth as activities of
mergers and acquisitions have soared to gain a competitive edge over the
competitors.
Functional Proteins Market Segment Analysis-By Geography
The Functional Proteins Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 39% of the overall market in 2021. The growth in this segment is owing to the factor’s better lifestyles of people in the U.S. and Canada. Moreover, the general public in these countries is quite health-conscious. The fitness industry has reached over $95.7 billion in 2021, and more than 40% of the population has a gym membership. Similarly, around 69-70 million US citizen goes to the gym. However, the Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period 2022-2027. This growth is owing to the rising demand for nutrition as chronic illnesses are prevailing throughout the continent. Therefore, people are adopting cheaper and more convenient options available. On another hand, expanding modernization in Asian countries changing people's living standards. On another hand, broadening purchasing power is ensuing extra spending on nutrition supplements.
Functional Proteins Market Drivers
Rising health awareness among people coupled with the elevating fitness industry is Anticipated to Boost Product Demand.
Tough times are the best teacher, and they teach us
a lot of lessons. Similarly, in a modern-day society where acute and chronic
illnesses are on the rise, as a result, people have become more
health-conscious. Especially after the COVID-19 tragedy. The fitness industry
has reached near $100 billion a number of gym facilities are accruing across
the globe. According to recent data, more than 205,000 gyms are present around
the globe as of 2021. The respective number has witnessed a 12.11% swell since
the year 2014.
Elevating geriatric population and malnutrition cases are Expected to Boost Product Demand.
One of the foremost reasons behind the upsurge in chronic maladies is enlarging old-age population across the globe. Ailments find elderly people a sot target to attack because of dwindled immunity. The percentage of elderly people is expected to reach 1-2 billion in the upcoming future. On another hand, malnutrition cases are also expanding especially in many Asian and African countries. Take India for an Instance, nearly 15% of health complications in India attributes to malnutrition. According to the Women and Child Development Ministry around 1.7 million cases of severely acute malnourished (SAM), and 1.5 cases of moderately acute malnourished (MAM) are reported in 2021. All these aforementioned points are driving the demand for functional protein intake to mitigate health hitches.
Functional Proteins Market Challenges
Shooting up prices post COVID-19, and side effects accompanied by such proteins are Anticipated to Hamper Market Growth.
There is no doubt about it that functional protein
extends several health benefits but there is a saying which goes like, “you
can’t have good without bad.” Similarly, there are a few health complications
accompanied by protein intake that might strangle the steady progress of the
respective market. Poor digestion, diarrhea, and swelling due to lactose bigotry in
many people. In addition to that, augmenting prices of nutritional supplements
can cost arms and legs. As per Mayo Clinic, one out of five people or 20% of the
people who take on to start new antibiotics develops diarrhea.
Functional Proteins Industry Outlook:
Product launches, mergers and acquisitions, joint
ventures, and geographical expansions are key strategies adopted by players in
the Functional Proteins Market. Key companies of this market are-
- Cargill Inc.
- Archer-Daniels-Midland Company
- Omega Protein Corporation
- DowDuPont Chemicals Company
- SunOpta Inc.
- Roquette Freres
- Koninklijke Philips N.V.
- Darling Ingredients
- Kemin Industries
- BASF SE
Recent Developments
- On January 12, 2022, A research team based at Skoltech in Russia developed an AI-driven solution for highly accurate detection of efficacious binding sites-which would facilitate drug discovery. Traditional approaches often target proteins as a means of therapeutic intervention, due to their wide-ranging functionality in our bodies. However, in light of our evolving insight regarding the extensive role played by RNA in cells, scientists now recognize the value of targeting RNA and potentially DNA sequences instead. Only a small percentage of the RNA gets encoded by functional proteins.
- On August 24, 2021, Minnesota-based global food company Cargill, Inc. signed an agreement regarding the acquisition of chocolate maker company Aalst Chocolate Pte. Ltd., which is headquartered in Singapore. This move is taken by Cargill to have access to the colossal Asian market. Furthermore, according to the company customer will get more reliable and top-notch quality chocolate and cocoa products.
- On April 4, 2021, Canadian food and mineral firm SunOpta wrapped up its acquisition of two plant beverages brands of Hain Celestial Group, a plant-based and natural food corporation headquartered in New York. The two acquired brands are Dream, WestSoy. Moreover, SunOpta paid $33 million to Hain in order to complete the acquisition process.
Relevant Links:
Protein
Supplements Market – Forecast (2022 - 2027)
Report Code: FBR 76011
Animal Protein
Ingredient Market – Forecast (2022 - 2027)
Report Code: FBR 0052
Protein Ingredients Market - Forecast(2022 - 2027)
Report Code: FBR 0068
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Functional Proteins Market By Type Market 2019-2024 ($M)1.1 Hydrolysates Market 2019-2024 ($M) - Global Industry Research
1.2 Whey Protein Concentrates Market 2019-2024 ($M) - Global Industry Research
1.3 Whey Protein Isolates Market 2019-2024 ($M) - Global Industry Research
1.4 Casein & Caseinates Market 2019-2024 ($M) - Global Industry Research
1.5 Soy Protein Market 2019-2024 ($M) - Global Industry Research
2.Global Functional Proteins By Source Market 2019-2024 ($M)
2.1 Animal Market 2019-2024 ($M) - Global Industry Research
2.1.1 Dairy Protein Market 2019-2024 ($M)
2.1.2 Egg Protein Market 2019-2024 ($M)
2.1.3 Gelatin Market 2019-2024 ($M)
2.2 Plant Market 2019-2024 ($M) - Global Industry Research
2.2.1 Soy Protein Market 2019-2024 ($M)
2.2.2 Wheat Protein Market 2019-2024 ($M)
2.2.3 Vegetable Protein Market 2019-2024 ($M)
3.Global Functional Proteins Market By Form Market 2019-2024 ($M)
3.1 Dry Market 2019-2024 ($M) - Global Industry Research
3.2 Liquid Market 2019-2024 ($M) - Global Industry Research
4.Global Functional Proteins Market By Type Market 2019-2024 (Volume/Units)
4.1 Hydrolysates Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Whey Protein Concentrates Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Whey Protein Isolates Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Casein & Caseinates Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Soy Protein Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Functional Proteins By Source Market 2019-2024 (Volume/Units)
5.1 Animal Market 2019-2024 (Volume/Units) - Global Industry Research
5.1.1 Dairy Protein Market 2019-2024 (Volume/Units)
5.1.2 Egg Protein Market 2019-2024 (Volume/Units)
5.1.3 Gelatin Market 2019-2024 (Volume/Units)
5.2 Plant Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 Soy Protein Market 2019-2024 (Volume/Units)
5.2.2 Wheat Protein Market 2019-2024 (Volume/Units)
5.2.3 Vegetable Protein Market 2019-2024 (Volume/Units)
6.Global Functional Proteins Market By Form Market 2019-2024 (Volume/Units)
6.1 Dry Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Liquid Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Functional Proteins Market By Type Market 2019-2024 ($M)
7.1 Hydrolysates Market 2019-2024 ($M) - Regional Industry Research
7.2 Whey Protein Concentrates Market 2019-2024 ($M) - Regional Industry Research
7.3 Whey Protein Isolates Market 2019-2024 ($M) - Regional Industry Research
7.4 Casein & Caseinates Market 2019-2024 ($M) - Regional Industry Research
7.5 Soy Protein Market 2019-2024 ($M) - Regional Industry Research
8.North America Functional Proteins By Source Market 2019-2024 ($M)
8.1 Animal Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Dairy Protein Market 2019-2024 ($M)
8.1.2 Egg Protein Market 2019-2024 ($M)
8.1.3 Gelatin Market 2019-2024 ($M)
8.2 Plant Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Soy Protein Market 2019-2024 ($M)
8.2.2 Wheat Protein Market 2019-2024 ($M)
8.2.3 Vegetable Protein Market 2019-2024 ($M)
9.North America Functional Proteins Market By Form Market 2019-2024 ($M)
9.1 Dry Market 2019-2024 ($M) - Regional Industry Research
9.2 Liquid Market 2019-2024 ($M) - Regional Industry Research
10.South America Functional Proteins Market By Type Market 2019-2024 ($M)
10.1 Hydrolysates Market 2019-2024 ($M) - Regional Industry Research
10.2 Whey Protein Concentrates Market 2019-2024 ($M) - Regional Industry Research
10.3 Whey Protein Isolates Market 2019-2024 ($M) - Regional Industry Research
10.4 Casein & Caseinates Market 2019-2024 ($M) - Regional Industry Research
10.5 Soy Protein Market 2019-2024 ($M) - Regional Industry Research
11.South America Functional Proteins By Source Market 2019-2024 ($M)
11.1 Animal Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Dairy Protein Market 2019-2024 ($M)
11.1.2 Egg Protein Market 2019-2024 ($M)
11.1.3 Gelatin Market 2019-2024 ($M)
11.2 Plant Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Soy Protein Market 2019-2024 ($M)
11.2.2 Wheat Protein Market 2019-2024 ($M)
11.2.3 Vegetable Protein Market 2019-2024 ($M)
12.South America Functional Proteins Market By Form Market 2019-2024 ($M)
12.1 Dry Market 2019-2024 ($M) - Regional Industry Research
12.2 Liquid Market 2019-2024 ($M) - Regional Industry Research
13.Europe Functional Proteins Market By Type Market 2019-2024 ($M)
13.1 Hydrolysates Market 2019-2024 ($M) - Regional Industry Research
13.2 Whey Protein Concentrates Market 2019-2024 ($M) - Regional Industry Research
13.3 Whey Protein Isolates Market 2019-2024 ($M) - Regional Industry Research
13.4 Casein & Caseinates Market 2019-2024 ($M) - Regional Industry Research
13.5 Soy Protein Market 2019-2024 ($M) - Regional Industry Research
14.Europe Functional Proteins By Source Market 2019-2024 ($M)
14.1 Animal Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Dairy Protein Market 2019-2024 ($M)
14.1.2 Egg Protein Market 2019-2024 ($M)
14.1.3 Gelatin Market 2019-2024 ($M)
14.2 Plant Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Soy Protein Market 2019-2024 ($M)
14.2.2 Wheat Protein Market 2019-2024 ($M)
14.2.3 Vegetable Protein Market 2019-2024 ($M)
15.Europe Functional Proteins Market By Form Market 2019-2024 ($M)
15.1 Dry Market 2019-2024 ($M) - Regional Industry Research
15.2 Liquid Market 2019-2024 ($M) - Regional Industry Research
16.APAC Functional Proteins Market By Type Market 2019-2024 ($M)
16.1 Hydrolysates Market 2019-2024 ($M) - Regional Industry Research
16.2 Whey Protein Concentrates Market 2019-2024 ($M) - Regional Industry Research
16.3 Whey Protein Isolates Market 2019-2024 ($M) - Regional Industry Research
16.4 Casein & Caseinates Market 2019-2024 ($M) - Regional Industry Research
16.5 Soy Protein Market 2019-2024 ($M) - Regional Industry Research
17.APAC Functional Proteins By Source Market 2019-2024 ($M)
17.1 Animal Market 2019-2024 ($M) - Regional Industry Research
17.1.1 Dairy Protein Market 2019-2024 ($M)
17.1.2 Egg Protein Market 2019-2024 ($M)
17.1.3 Gelatin Market 2019-2024 ($M)
17.2 Plant Market 2019-2024 ($M) - Regional Industry Research
17.2.1 Soy Protein Market 2019-2024 ($M)
17.2.2 Wheat Protein Market 2019-2024 ($M)
17.2.3 Vegetable Protein Market 2019-2024 ($M)
18.APAC Functional Proteins Market By Form Market 2019-2024 ($M)
18.1 Dry Market 2019-2024 ($M) - Regional Industry Research
18.2 Liquid Market 2019-2024 ($M) - Regional Industry Research
19.MENA Functional Proteins Market By Type Market 2019-2024 ($M)
19.1 Hydrolysates Market 2019-2024 ($M) - Regional Industry Research
19.2 Whey Protein Concentrates Market 2019-2024 ($M) - Regional Industry Research
19.3 Whey Protein Isolates Market 2019-2024 ($M) - Regional Industry Research
19.4 Casein & Caseinates Market 2019-2024 ($M) - Regional Industry Research
19.5 Soy Protein Market 2019-2024 ($M) - Regional Industry Research
20.MENA Functional Proteins By Source Market 2019-2024 ($M)
20.1 Animal Market 2019-2024 ($M) - Regional Industry Research
20.1.1 Dairy Protein Market 2019-2024 ($M)
20.1.2 Egg Protein Market 2019-2024 ($M)
20.1.3 Gelatin Market 2019-2024 ($M)
20.2 Plant Market 2019-2024 ($M) - Regional Industry Research
20.2.1 Soy Protein Market 2019-2024 ($M)
20.2.2 Wheat Protein Market 2019-2024 ($M)
20.2.3 Vegetable Protein Market 2019-2024 ($M)
21.MENA Functional Proteins Market By Form Market 2019-2024 ($M)
21.1 Dry Market 2019-2024 ($M) - Regional Industry Research
21.2 Liquid Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Functional Proteins Market Revenue, 2019-2024 ($M)2.Canada Functional Proteins Market Revenue, 2019-2024 ($M)
3.Mexico Functional Proteins Market Revenue, 2019-2024 ($M)
4.Brazil Functional Proteins Market Revenue, 2019-2024 ($M)
5.Argentina Functional Proteins Market Revenue, 2019-2024 ($M)
6.Peru Functional Proteins Market Revenue, 2019-2024 ($M)
7.Colombia Functional Proteins Market Revenue, 2019-2024 ($M)
8.Chile Functional Proteins Market Revenue, 2019-2024 ($M)
9.Rest of South America Functional Proteins Market Revenue, 2019-2024 ($M)
10.UK Functional Proteins Market Revenue, 2019-2024 ($M)
11.Germany Functional Proteins Market Revenue, 2019-2024 ($M)
12.France Functional Proteins Market Revenue, 2019-2024 ($M)
13.Italy Functional Proteins Market Revenue, 2019-2024 ($M)
14.Spain Functional Proteins Market Revenue, 2019-2024 ($M)
15.Rest of Europe Functional Proteins Market Revenue, 2019-2024 ($M)
16.China Functional Proteins Market Revenue, 2019-2024 ($M)
17.India Functional Proteins Market Revenue, 2019-2024 ($M)
18.Japan Functional Proteins Market Revenue, 2019-2024 ($M)
19.South Korea Functional Proteins Market Revenue, 2019-2024 ($M)
20.South Africa Functional Proteins Market Revenue, 2019-2024 ($M)
21.North America Functional Proteins By Application
22.South America Functional Proteins By Application
23.Europe Functional Proteins By Application
24.APAC Functional Proteins By Application
25.MENA Functional Proteins By Application
26.Kerry Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arla Foods AMBA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Fonterra Co-Operative Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Glanbia PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Koninklijke DSM N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Archer Daniels Midland Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Frieslandcampina, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Saputo Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.APC Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.AMCO Proteins, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Abbott Nutrition, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Cargill, Sales /Revenue, 2015-2018 ($Mn/$Bn)