Global Functional Proteins Market by Type (Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Casein &Caseinates, Soy Protein, and Others),by Source (Plant and Animal), by Application (Functional Foods, Functional Beverages, Dietary Supplements, and Animal Nutrition),,by Form (Dry and Liquid),by Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America), Trend Analysis, Competitive Market Share and Forecast, 2017-2027
- Published Date: March 2021
- Report ID: BWC20295
- Available Format: PDF
- Page: 178
Report Overview
Global Functional Proteins Market Size- Industry Trends & Forecast Report 2027
The global functional proteins market is estimated to have reached USD 5.1 billion in 2020. The market is further projected to garner USD 7.2 billion by 2027, at a CAGR of 6.1% during 2021-2027 (forecast period).Increased demand for nutraceuticals are expected to remain a key driving force in the near future due to the rising consumer awareness towards maintaining a balanced diet and improving the nutritional value of the human body.
Source: BlueWeave Consulting
Functional ProteinsOverview
Functional proteins are a biologically active protein that promotes and helps maintains a healthy immune system besides regulating the function of body tissues and organs. Functional proteins are a diverse combination of proteins that are biologically involved to help and sustain normal immune function. Functional proteins carry out a function in the body, unlike structural proteins which produce structures (bones and muscles). However, the evidence indicates that proteins have important biological effects in the animal. In other words, functional proteins perform some biological function in the body. Proteins that have biological activity can be referred to as functional proteins.
Global Functional Proteins Market Forecast and Trends
Growth Drivers
Increasing Usage of Functional Proteins by Various End-User Industries
Due to the growing demand for food items with enhanced functionalities, functional proteins are used in various applications, such as dietary supplements, food, and beverages. During the forecast period, the ability of manufacturers of functional proteins to produce distinct protein isolates, protein concentrates, and other types of protein ingredients for various food items, such as dairy products, beverages, dietary supplements, infant formulas, bakery, and confectionery products is expected to drive the growth of the market for functional proteins in the forecast period.
Upgradation in the Functional Proteins Market
Protein ingredients in the food industry are commonly used for their health benefits and versatility in food formulations. Due to the mounting demand for plant-based products by customers, plant protein ingredients are currently widely used in the food industry. For instance, to replace meat, egg, milk, and other dairy products, vegetable proteins such as meat analogs, mung bean protein isolates, soy milk, almond milk, and vegan cheese are being used increasingly. This is one of the major driving for the functional proteins market.
Restraints
Regulations for animal Protein
The US-FDA (US Food & Drug Administration) has strict regulations for the protein that comes from mammalian tissues. For example, because of the risk of spreading Bovine Spongiform Encephalopathy (BSE), also known as mad cow disease, the Ministry of Agriculture and Forestry (MAF) of New Zealand had imposed stringent restrictions on the consumption of ruminant protein in any type, composition, or mixture. This limitation restricts the trade and availability of some animal proteins intended for human consumption. Thus, it has negatively impacted the worldwide supply of protein ingredients derived from animals.
Impact of COVID-19 in the industry
The global functional proteins market has shown a sudden rise in market demand due to COVID-19. The pandemic has severely affected several industry players with regard to business and functional parameters. As soon as the World Health Organization (WHO) declared the novel coronavirus (COVID-19) as a pandemic, countries across the globe were compelled to enforce nationwide lockdown to prevent the spread of the virus.
Among working professionals, there is an increase in the popularity of functional foods, and dietary supplements in sports nutrition are expected to increase the intake of protein-enriched foods. In addition to this, as customers become more aware of their health and wellbeing as a result of the recent COVID-19 outbreak, the demand is expected to multiply. This change would be apparent in the developing countries as well as the developing countries in the coming years are expected to exhibit a growing demand for medical nutrition. Any of the countries that have been most severely affected by COVID-19 are likely to experience a high demand for functional proteins.
Global Functional Proteins Market: By Type
Based on the segment, the market is segmented into hydrolysates, whey protein concentrates, whey protein isolates, casein&caseinates, and soy protein. In 2020, the whey protein concentrate segment dominated the market. Whey protein is one of the main ingredients used for making various milk-based products. It is also used as a protein source for product innovation by food and beverage manufacturers. Due to their easy availability or ease of processing and lower costs compared to hydrolysates and isolates, they are widely used as a source of protein in functional food and beverages, which is driving the demand for whey protein in this particular segment.
Global Functional Proteins Market: By Application
Based on the application, the market is segmented into functional foods, functional beverages, dietary supplements, and animal nutrition. The dietary supplement segment currently dominates the market. To compensate for the deficiencies of nutrients in the diet, dietary supplements are consumed in the form of capsules, liquids, powders, or tablets. In dietary supplements, the use of nutritional supplements such as protein powder is one of the upcoming trends. Nowadays, health-conscious consumers of all ages across the world prefer consuming functional dietary protein supplements to stay healthy and fit. Nutritional supplements encourage muscle growth, fat loss, and also offer countless nutritional benefits.
Source: BlueWeave Consulting
Global Functional Proteins Market: Regional Insights
The global functional proteins market is segmented into five regions including North America, Europe, Asia Pacific, Latin America, and the The Middle East & Africa, wherein the Asia Pacific is expected to be the fastest-growing market during the forecast period for functional proteins. Due to the growing consumption of functional foods and dietary supplements, the consumption of plant-based proteins such as soy protein and pea protein in the Asia Pacific region has been experiencing robust growth. The higher economic power among the region's consumers has led to the rise in soy protein consumption, which is cheap and abundant in countries in the Asia Pacific. Additionally, countries such as Japan, Australia, and New Zealand are also focusing on offering premium ingredients for functional proteins, taking into account its derived health benefits.
Competitive Landscape
Key Players for Functional Proteins MarketInclude- Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill, BASF SE, Ingredion Incorporated, Roquette Freres, SunOpta, Darling Ingredients Inc, Omega Protein Corporation, DowDuPontInc, Kemin Industries, InVivo, and John Pointon& Sons Ltd.
SunOpta, for instance, reported an extra investment in the plant-based foods and beverages division. The investment will increase the potential of its plant in Allentown, Pennsylvania further. Additionally, the company announced its exit from its frozen fruit processing plant in Santa Maria, California, effective February 1, 2021. To sustain growth plans, these programs are part of the company’s multi-year supply chain optimization strategy.
Recent Developments
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On 14 December 2020, DSM announced a collaboration agreement with VALIO to develop sustainable dairy products. Purpose-led by global science-based companies active in nutrition, health, and sustainable living, has signed a collaboration agreement to significantly reduce the carbon footprint of dairy production in Finland.
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On 19 November 2020,ADM and InnovaFeed, announced plans to collaborate on the construction and operation of the world’s largest insect protein production site, in Decatur, Illinois. The facility will be owned and operated by InnovaFeed and will co-locate with ADM’s Decatur corn processing complex, with ADM supplying feedstocks.
Scope of the Report
|
Attribute |
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2021 Forecast – 2021 – 2027 |
|
Facts Covered |
Revenue in USD Billion |
|
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia, Turkey |
|
Product/Service Segmentation |
By type, application, source, form, and region |
|
Key Players |
Key players for Functional Proteins market include:Archer Daniels Midland Company, Koninklijke DSM N.V., Cargill, BASF SE, Ingredion Incorporated, Roquette Freres, SunOpta, Darling Ingredients Inc, Omega Protein Corporation, DowDuPontInc, Kemin Industries, InVivo, and John Pointon& Sons Ltd. |
By Type
Ø Hydrolysates
Ø Whey Protein Concentrates
Ø Whey Protein Isolates
Ø Casein&Caseinates
Ø Soy Protein
Ø Others
By Application
Ø Functional Foods
Ø Functional Beverages
Ø Dietary Supplements
Ø Animal Nutrition
By Source
Ø Plant
Ø Animal
By Form
Ø Dry
Ø Liquid
By Region
Ø North America
Ø Europe
Ø The Asia Pacific
Ø Latin America
Ø Middle East and Africa
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Functional Proteins MarketInsights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Recent Development
4.4. Government Regulations
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Key Investments, By Key Players
6. Global Functional Proteins market overview
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.1.1. Hydrolysates
6.2.1.2. Whey Protein Concentrates
6.2.1.3. Whey protein Isolates
6.2.1.4. Casein & Caseinates
6.2.1.5. Soy Protein
6.2.1.6. Others
6.2.2. By Source
6.2.2.1. Animal
6.2.2.2. Plant
6.2.3. By Application
6.2.3.1. Functional Foods
6.2.3.2. Functional Beverages
6.2.3.3. Dietary Supplements
6.2.3.4. Animal Nutrition
6.2.4. By Form
6.2.4.1. Dry
6.2.4.2. Liquid
6.2.5. By Region
6.2.5.1. North America
6.2.5.2. Europe
6.2.5.3. Asia Pacific
6.2.5.4. Latin America
6.2.5.5. Middle East and Africa
7. North America Functional Proteins Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Source
7.2.3. By Application
7.2.4. By Form
7.2.5. By Country
7.2.5.1. United States
7.2.5.2. Canada
8. Europe Functional Proteins Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Source
8.2.3. By Application
8.2.4. By Form
8.2.5. By Country
8.2.5.1. Germany
8.2.5.2. United Kingdom
8.2.5.3. Italy
8.2.5.4. France
8.2.5.5. Spain
8.2.5.6. Rest of Europe
9. Asia Pacific Functional Proteins Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Source
9.2.3. By Application
9.2.4. By Form
9.2.5. By Country
9.2.5.1. China
9.2.5.2. India
9.2.5.3. Japan
9.2.5.4. Australia
9.2.5.5. South Korea
9.2.5.6. Rest of Asia Pacific
10. Latin America Functional Proteins Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Source
10.2.3. By Application
10.2.4. By Form
10.2.5. By Country
10.2.5.1. Brazil
10.2.5.2. Mexico
10.2.5.3. Argentina
10.2.5.4. Rest of Latin America
11. Middle East & Africa Functional Proteins Market
11.1. Market Size & Forecast by Value, 2017-2027
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Source
11.2.3. By Application
11.2.4. By Form
11.2.5. By Country
11.2.5.1. Saudi Arabia
11.2.5.2. Turkey
11.2.5.3. UAE
11.2.5.4. South Africa
11.2.5.5. Rest of Middle East & Africa
12. Competitive Landscape
12.1. List of Key Players and Their Offerings
12.2. Market/Ranking Share Analysis, 2020
12.3. Competitive Benchmarking, By Operating Parameters
12.4. Competitive Benchmarking, By Type
12.5. Strategic Developments
13. Impact of Covid-19 on Functional Proteins Market Industry
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
14.1. Kerry Group PLC
14.2. Arla Foods AMBA
14.3. Fonterra Co-Operative Group
14.4. Glanbia PLC
14.5. Koninklijke DSM N.V.
14.6. Archer Daniels Midland Company
14.7. FriesDescription missing landcampina
14.8. Saputo Ingredients
14.9. APC Inc
14.10. AMCO Proteins
14.11. Abbott Nutrition
14.12. Real Dairy Australia Pty Ltd
14.13. Cargill
15. Key Strategic Recommendations
Fig: Global Functional ProteinsSegmentation
Fig: Global Functional Proteins Market Value Chain Analysis
Fig: Company Market Share Analysis, 2019
Fig: Global Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: Global Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: Global Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: Global Functional Proteins Market Share, By Application, By Value, 2017-2027
Fig: Global Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: Global Functional Proteins Market Share, By Region, By Value, 2017-2027
Fig: North America Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: North America Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: North America Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: North America Gowns Market Share, By Application, By Value, 2017-2027
Fig: North America Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: North America Functional Proteins Market Share, By Country, By Value, 2017-2027
Fig: Europe Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: Europe Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: Europe Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: Europe Functional Proteins Market Share, By Application, By Value, 2017-2027
Fig: Europe Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: Europe Functional Proteins Market Share, By Country, By Value, 2017-2027
Fig: Asia-Pacific Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: Asia-Pacific Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: Asia-Pacific Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: Asia-Pacific Functional Proteins Market Share, By Application, By Value, 2017-2027
Fig: Asia-Pacific Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: Asia-Pacific Functional Proteins Market Share, By Country, By Value, 2017-2027
Fig: Latin America Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: Latin America Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: Latin America Functional Proteins Market Share, By Application, By Value, 2017-2027
Fig: Latin America Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: Latin America Functional Proteins Market Share, By Country, By Value, 2017-2027
Fig: Middle East & Africa Functional Proteins Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Functional Proteins Market Share, By Type, By Value, 2017-2027
Fig: Middle East & Africa Functional Proteins Market Share, By Source, By Value, 2017-2027
Fig: Middle East & Africa Functional Proteins Market Share, By Application, By Value, 2017-2027
Fig: Middle East & Africa Functional Proteins Market Share, By Form, By Value, 2017-2027
Fig: Middle East & Africa Functional Proteins Market Share, By Country, By Value, 2017-2027
Table: Global Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: Global Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: Global Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: Global Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: Global Functional Proteins Market Size, By Region, By Value, 2017-2027
Table: North America Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: North America Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: North America Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: North America Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: North America Functional Proteins Market Size, By Country, By Value, 2017-2027
Table: Europe Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: Europe Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: Europe Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: Europe Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: Europe Functional Proteins Market Size, By Country, By Value, 2017-2027
Table: Asia-Pacific Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: Asia-Pacific Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: Asia-Pacific Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: Asia-Pacific Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: Asia-Pacific Functional Proteins Market Size, By Country, By Value, 2017-2027
Table: Latin America Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: Latin America Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: Latin America Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: Latin America Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: Latin America Functional Proteins Market Size, By Country, By Value, 2017-2027
Table: The Middle East & Africa Functional Proteins Market Size, By Type, By Value, 2017-2027
Table: The Middle East & Africa Functional Proteins Market Size, By Source, By Value, 2017-2027
Table: The Middle East & Africa Functional Proteins Market Size, By Application, By Value, 2017-2027
Table: The Middle East & Africa Functional Proteins Market Size, By Form, By Value, 2017-2027
Table: The Middle East & Africa Functional Proteins Market Size, By Country, By Value, 2017-2027
Table: Archer Daniels Midland Company Financial Analysis
Table: Koninklijke DSM N.V Financial Analysis
Table: BASF SE Financial Analysis
Table: Ingredion Incorporated Financial Analysis
Table: Roquette FreresFinancial Analysis
Table: SunOptaFinancial Analysis
Table: Darling Ingredients Inc Financial Analysis
Table: Omega Protein CorporationFinancial Analysis
Table: DowDuPont IncFinancial Analysis
Table: Kemin IndustriesFinancial Analysis
Table: InVivo Financial Analysis
Table: John Pointon & Sons LtdFinancial Analysis
Market Segmentation
By Type
Ø Hydrolysates
Ø Whey Protein Concentrates
Ø Whey Protein Isolates
Ø Casein&Caseinates
Ø Soy Protein
Ø Others
By Application
Ø Functional Foods
Ø Functional Beverages
Ø Dietary Supplements
Ø Animal Nutrition
By Source
Ø Plant
Ø Animal
By Form
Ø Dry
Ø Liquid
By Region
Ø North America
Ø Europe
Ø The Asia Pacific
Ø Latin America
Ø The Middle East and Africa
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