Global Functional Proteins Market
The Functional Proteins Market is forecast to grow from USD 4.48 billion in 2018 to USD 7.12 billion by 2026, at a CAGR of 5.8%, during the forecast period. The market is primarily driven by increased demand for sports and fitness nutrition from animal-derived proteins and the development of various protein ingredients such as concentrates and isolates for food industry applications. Due to the increasing demand for food products with enhanced functionalities, functional proteins are used in various applications such as dietary supplements and food & beverages. Functional protein manufacturer’s ability to develop separate isolates, concentrates and other forms of protein ingredients for various food products such as beverages, infant formula, dairy products, dietary supplements and confectionery products is estimated to drive the growth of the market during the forecast period.
The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Functional Proteins industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.
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Some of the players profiled in the report are Koninklijke DSM (Netherlands), Archer Daniels Midland Co., (US), Cargill, Inc. (US), BASF S.E. (Germany), Ingredion Inc. (US), Roquette Frères (France), Darling Ingredients Inc. (US), Omega Protein Corp. (US), DowDuPont (US), Kemin Industries Inc. (US), InVivo (France), John Pointon & Sons Limited (UK) and others.
The Global Functional Proteins Market is segmented as follows:
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Hydrolysates
Whey Protein Concentrates
Whey Protein Isolates
Casein & Caseinates
Soy Protein
Others
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
Functional foods
Functional beverages
Dietary supplements
Animal nutrition
Source Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Animal
Plant
Form Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Dry
Liquid
Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Functional Proteins market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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