Growth opportunities in the Functional Protein Market look promising over the next six years. This is mainly due to the rising recognition of healthy food items, altering lifestyle, and increasing prevalence of diabetes and obesity.
Functional Protein Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing inclination of individuals towards healthy and nutritional food items led by the expanding health awareness among consumers is one of the most prominent drivers supplementing the global functional protein market growth. In accordance with the IDF, approximately 463 million people suffer from diabetes around the world, out of which 55 million individuals in the MEAN region have diabetes. This number is forecasted to rise and reach 108 million by the end of 2045. Also, the augmenting incidence of various diseases such as cholesterol, diabetes, and obesity has strengthened the functional protein market size. The millennial population largely prefers functional food products owing to their busy and hectic lifestyle.
The ingredients in this protein bring about the biological effect when consumed by a human being or animal. For example, the raw soybean includes an ingredient, trypsin inhibitor, which improves the capability of animals and the human body to digest protein easily. Moreover, the enlargement of the animal feed industry primarily in the emerging countries, including India, China, and Brazil, owing to the aggravating demand for dairy derivatives on a domestic level, is further supplementing the market growth. However, their high cost may hamper the market growth. In addition, animal-based proteins are experiencing a contraction in demand due to the transpiring trend of the vegan population and the health benefits of vegetarianism.
Product Segment Drivers
Based on the product, hydrolysates are projected to witness a higher CAGR during the forecast period. This is primarily because this type of product is prebiotic, hypertensive, and anti-micro biotic, which is mainly employed in the manufacturing of products for infants and clinical nutrition. On the other hand, the casein & caseinates are predicted to lead the market during the forecast period. Casein offers enormous functional properties such as structure formation, water binding, foaming, heat stability, and emulsification. Additionally, the increasing consciousness concerned with the advantages of this product is bolstering the functional protein market share.
Functional Protein Market’s leading Manufacturers:
- Glanbia PLC
- DuPont
- Cargill, Incorporated
- Ingredion
- DSM
- Roquette Frères
- SunOpta
- Fonterra Co-operative Group Limited
- BASF SE
- ADM
Functional Protein Market Segmentation:
Segmentation by Type
- Hydrolysates
- Whey Protein Concentrates
- Whey Protein Isolates
- Casein/Caseinates
- Soy Protein
- Others
Segmentation by Source
- Animal Source
- Plant Source
Segmentation by Application
- Functional Food
- Functional Beverages
- Dietary Supplements
- Sports Nutrition
- Animal Nutrition
Segmentation by Form
- Dry
- Liquid
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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