Global Functional Proteins Market was valued at USD 5.15 billion in 2021 and is expected to reach USD 7.35 billion by the year 2028, at a CAGR of 5.22%.
Functional proteins are critical to keeping the body working. They support growth, development, and maintain every part of our body i.e., including skin & hair to the digestive enzymes and immune systems. For example, the immunoglobulins present in colostrum has a beneficial impact on the immune system of animals. These functional proteins have various significance such as mitigate the effect of pathogens, improve health, and overcome recovery time after intestinal disorder. The global functional proteins market is turned by growth in demand for animal-derived proteins in sports and fitness nutrition and the development of various protein ingredients such as concentrates and isolates for utilization in the food industry. Moreover, recent advancements in protein powder production to encourage health benefits such as muscle gain and fat loss creates profitable opportunities for the functional proteins market players over the forecast period.
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The Major Players in The Global Functional Proteins Market:
- ADM (US)
- DuPont (US)
- Cargill (US)
- Ingredion (US)
- Arla Foods (UK)
- Roquette (France)
- BASF (Germany)
- Glanbia (Ireland)
- Fonterra (New Zealand)
- DSM (Netherlands)
- FrieslandCampina (Netherlands)
- Essentia Protein Solutions (UK)
- Amai Proteins (Israel)
- Mycorena (Sweden)
- Merit Functional Foods (Canada)
- Plantible Foods (US)
- BENEO (Germany)
- ProtiFarm (Gelderland)
- Omega Protein (US) and other major players.
Market has segmented the Global Functional Proteins Market on the basis of type, application, and region:
By Type:
- Whey Protein Concentrates
- Isolates
- Hydrolysates
- Casein
- Soy Protein
By Application:
- Dietary Supplements
- Functional Beverages
- Functional Foods
- Animal Nutrition
- Others
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
As recovery started in 2021, major players are recuperating their positions by production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms. The outbreak has adversely affected economies and industries in different economies owing to lockdowns, travel limitations, and business shutdowns. Furthermore, the global food and beverage industry is one of the key industries suffering adverse interruptions such as technology events cancellations, supply chain breaks, office shutdowns, etc. The lockdown of various facilities and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East, and Africa restricts the global supply chains and hampers the production operations, delivery schedules, and various goods sales. Transportation is also a key concern as many borders are closed owing to the global travel restrict imposed by economies in Europe, Asia, and North America. This also disrupts business acquisitions and partnerships opportunities. All these factors have restrained the development of the functional protein market.
Reasons to purchase the report:
- Visualize the composition of the Global Functional Proteins Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Functional Proteins Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
3.3 By Source
3.4 By Form
To be continued…….
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