Functional Proteins Market

2019 Analysis and Review Functional Proteins Market by Product Type - Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Casein/Caseinates, and Soy Protein for 2019 - 2029

  • 2020-04-08
  • REP-GB-11243
  • 160 Tables
  • 136 Figures
  • 250 pages
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Functional Proteins Market
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Global Functional Proteins Market to Reach US$ 10.9 Bn by 2029

The global functional proteins market is projected to reach US$ 10.9 Bn by the end of 2029. The market was valued at US$ 5.9 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 6.3% between 2019 and 2029. With increasing demands of the health conscious population, North America is anticipated to lead the functional protein market, and it is expected to dominate the market during the forecast period.

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KEY RESEARCH FINDINGS

  • The market is primarily driven by increased demand in sports and fitness nutrition for animal-derived proteins and the development of various protein ingredients such as concentrates and isolates for food industry applications.
  • Recent progress in the production of protein powders to promote health benefits such as muscle gain and fat loss, offer lucrative opportunities for market players over the forecast period.
  • Changing lifestyle and collective awareness about health benefits of functional proteins in the Asia-Pacific region is driving market growth since the past few years.
  • Concerns related to health and increasing demand for nutrition products among the youth is expected to drive the demand of functional proteins in the APAC region.
  • Whey protein is the most consumed functional protein because of its properties as an ideal protein source as it is carbohydrate free, fat-free, and almost lactose-free and cholesterol free.
  • Increasing consumer preference towards being fit and healthy is expected to support the e-retailers growth during the forecast period.

key factors shaping functional proteins market

Rising Demand for Food Products with Enhanced Functionalities

Functional proteins are used in several applications such as food & beverages and dietary supplements. Functional protein manufacturers have tapped into this potential to develop concentrates, distinct isolates and other protein ingredients for different food products. This wide range of applications is anticipated to steer the market growth in a positive direction.

Increased Health Consciousness Among Consumers

As people lead increasingly sedentary lifestyles, awareness about health issues such as obesity and diabetes has increased. As a result, consumers are shifting towards healthier diets. Moreover, demand for protein and vitamin supplements has increased. This is anticipated to leverage the market for functional proteins.

COVID-19 Impact

Rising popularity of functional foods and dietary supplements in sports nutrition among working professionals shall augment protein-enriched food intake. The novel coronavirus pandemic has shifted consumption patterns, with consumers opting for healthier food options.

Countries which are the worst-hit by the virus are anticipated to record high demand for functional proteins. Consumers in these countries are especially concerned about their health and well-being.  This upsurge is anticipated to generate rising demand for medical nutrition in the coming years.

MARKET STRUCTURE ANALYSIS

The increment in milk products manufacturing capacity in New Zealand and China is expected to reduce the raw material prices for functional proteins processors over the forecast period. Technological innovation regarding the development of energy drink mix in emerging markets including China and India is projected to unlock new industry avenues over the next eight years.

REPORT SCOPE

Report Metric

Details

Base year considered

2019

Actual estimates/ Historical data

2014  - 2018

Forecast period

2019 - 2029

Forecast units

Value (USD) Bn

Segments covered

Product Type, Source, Form and Region

Regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Key Players

GSK group of companies, Glanbia Plc, Herbalife International, Inc., Fonterra Co-Operative group, Amway, Nature's Bounty co., Cargill, Inc., Optimum Nutrition, Inc., Makers Nutrition LLC, Proliver BVBA

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

COVID-19 Impact Analysis

Growing popularity of functional foods and dietary supplements in sports nutrition among the working professionals is expected to increase protein-enriched food intake. In addition to this, the market is likely to gain as consumers become more conscious about their health and wellness as a result of the recent coronavirus outbreak.  This change will be apparent in developing nations as well, which are likely to exhibit rising demand for medical nutrition in the coming years.  

Some of the countries which were worst hit by coronavirus are likely to record high demand for functional proteins. A change in food habit is likely as consumers’ consumption patterns alter as a result of coronavirus outbreak. Spurred by the prevailing forces, the use of functional proteins is likely to surge in various applications such as dietary supplements and food & beverages.

The ability of functional protein producers to develop distinct isolates, concentrates, and other types of protein ingredients for various food items, such as dairy products, beverages, dietary supplements, infant formula, bakery products, and confectionery products, is expected to drive the growth of the functional protein market during the forecast period.

Whey protein is one of the main ingredients in the processing of many milk-based products, and is used as a protein source for product innovation by several food & beverage manufacturers. The big whey proteins are á-lactalbumin and â-lactoglobulin, which find significant demand from the food & beverage manufacturing industry. Whey protein concentrate (WPC) manufacturing involves processing fluid whey via ultrafiltration to create a range of WPCs. WPCs are widely used in functional foods and beverages as a source of protein due to their easy availability or ease of processing, and low cost compared to hydrolysates and isolates. WPCs have a variety of functionalities in the food & drink industry

Regulations for Animal-Sourced Proteins are Major Restraints for the Market

The US Food & Drug Administration (US FDA) has stringent regulations concerning proteins from mammalian tissues. For example, New Zealand's Ministry of Agriculture and Forestry (MAF) prohibits ruminant protein feeding in any type, composition, or admixture to ruminants, due to the risk of spreading Bovine Spongiform Encephalopathy (BSE), also known as mad cow disease. As a result, the ban has adversely affected the supply of animal-based protein ingredients worldwide, as it limits the trade and availability of some animal-based proteins intended for human use.

Increasing risk of cardiovascular disease and high blood pressure among individuals across the globe is expected to increase the demand for functional proteins as they are well known for lowering blood pressure. Increasing number of millennial are inclined towards fitness and gymnastics, owing to which functional protein market sales is expected to increase significantly over the forecast period as functional protein helps in boosting muscle mass, manage weight, and maintaining bone density. Increasing awareness among consumers regarding the benefits of functional proteins is expected to boost the demand for the same over the forecast period.

* This data is only a representation. Actual data may vary and will be available in report.

Regulations for Animal-Sourced Proteins are Major Restraints for the Market
Regulations for Animal-Sourced Proteins are Major Restraints for the Market
Regulations for Animal-Sourced Proteins are Major Restraints for the Market
Regulations for Animal-Sourced Proteins are Major Restraints for the Market
  • 2014
  • 2019
  • 2022
  • 2029
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Increasing Usage of Functional Protein by Various End-User Industries Drives the Demand

Functional proteins are used in various applications such as dietary supplements and food & beverages due to the rising demand for food products with improved functionalities. The ability of functional protein producers to develop distinct isolates, concentrates, and other types of protein ingredients for various food items, such as dairy products, beverages, dietary supplements, infant formula, bakery products, and confectionery products, is expected to drive the growth of the functional protein market during the forecast period. The growth of the market is driven by consumer awareness about a healthy diet, increasing instances of chronic diseases, and technological upgradation in the functional proteins market. The key drivers for the market are the shift in demand from processed to healthy and functional food.

Whey concentrate segment held the leading market share

Whey isolates segment forecast to higher rate of growth

Powder segment held lion’s share in the market

Liquid segment to remain the second-lead

Plant segment holds dominance

Animal segment to rise at a higher CAGR

How Growth will Unfold

Functional food is traditional food that is eaten as part of the diet, offering multiple health benefits alongside nutrition. Protein is added to functional food items in order to provide health benefits such as curbing the appetite and better control weight. Because of this, there is a growing trend among consumers towards healthy snacks such as protein-based bars. The increased usage of animal protein in end-use applications, such as sports medicine, and the limited availability of egg and gelatine substitutes in various food items - which, in effect, is affected by lifestyles and demographic changes - are the main drivers of the industry.

Recent advances in protein powder processing to encourage health benefits such as muscle growth and fat loss, offer attractive opportunities for market players over the forecast period. One of the market's main factors is that demand changes from processed food to balanced, usable food. High costs linked to R&D activities and tight regulatory regulations are hampering market development. Growth in the functional protein market is driven by customer understanding of a balanced diet, growing instances of chronic disease, and the functional protein market's technological upgrades.

Functional Proteins Market: Analysis and Forecast by Form

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Functional Proteins Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the Functional Proteins market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Functional Proteins market, the growth prospects of the market are obtained with maximum precision.

Functional Proteins Market Taxonomy

The global Functional Proteins market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Type

  • Whey Concentrate
  • Casein Protein
  • Hydrolyzed Protein
  • Egg Albumin
  • Soy Protein
  • Whey Isolates
  • Milk Protein Isolate

Source

  • Animal
  • Plant

Form

  • Powder
  • Liquid

Application

  • Animal Nutrition
  • Functional Food
  • Functional Beverages
  • Dietary Supplements

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

What's Included

The executive summary of the Functional Proteins market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Functional Proteins market.

Readers can find the detailed segmentation and definition of the Functional Proteins market in this chapter, which will help them understand basic information about the Functional Proteins market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Functional Proteins market report.

The associated industry assessment of the Functional Proteins market is carried out in this section. The macroeconomic factors affecting growth of the Functional Proteins market are provided in this section and the impact of these macroeconomic indicators on the Functional Proteins market is analyzed. The processing overview and technological advancements in the Functional Proteins market is also provided.

Profit margins at each level of the Functional Proteins market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Functional Proteins market.

The drivers and restraints impacting the growth of the Functional Proteins market are explained in this chapter. Opportunities and ongoing trends in the Functional Proteins market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Functional Proteins market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).

Based on Type, the Functional Proteins market is segmented into Whey Concentrate, Casein Protein, Hydrolyzed Protein, Egg Albumin, Soy Protein, Whey Isolates, And Milk Protein Isolate. In this chapter, readers can find information about key trends and developments in the Functional Proteins market and market attractiveness analysis based on raw material.

Based on Source, the Functional Proteins market is segmented into Plant and Animal. In this chapter, readers can find information about key trends and developments in the Functional Proteins market and market attractiveness analysis based on raw material.

Based on Form, the Functional Proteins market is classified into Powder and Liquid. This part also offers market attractiveness analysis based on Application.

Based on Application, the Functional Proteins market is classified into Animal Nutrition, Functional Food, Functional Beverages, and Dietary Supplements. This part also offers market attractiveness analysis based on Application.

This chapter explains how the Functional Proteins market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Functional Proteins market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Functional Proteins market in Latin America. This chapter also includes growth prospects of the Functional Proteins market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Functional Proteins market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Functional Proteins market.

This chapter includes a detailed analysis of the growth of the Functional Proteins market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

This chapter offers insights into how the Functional Proteins market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Functional Proteins in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Functional Proteins market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Functional Proteins market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are GSK group of companies, Glanbia Plc, Herbalife International, Inc., Fonterra Co-Operative group, Amway, Nature's Bounty co., Cargill, Inc., Optimum Nutrition, Inc., Makers Nutrition LLC, Proliver BVBA, Kerry Group plc., Arla Foods amba, Koninklijke DSM N.V., Archer Daniel Midland Company, FrieslandCampina, BASF, Ingredion, SunOpta, Darling Ingredients, Omega Protein Corporation, DowDuPont, Kemin Industries, John Pointon & Sons Ltd, and others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Functional Proteins report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Functional Proteins market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits functional protein market designation

Primary Interview Splits functional protein market stakeholder

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