Functional Proteins Market - Trends and Forecast to 2025

Table of Content

1 INTRODUCTION 37
1.1 OBJECTIVES OF THE STUDY 37
1.2 MARKET DEFINITION 37
1.3 STUDY SCOPE 38
FIGURE 1 MARKET SEGMENTATION 38
1.3.1 INCLUSIONS AND EXCLUSIONS 38
1.4 REGIONS COVERED 38
1.5 PERIODIZATION CONSIDERED 39
1.6 CURRENCY CONSIDERED 39
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019 40
1.7 UNITS CONSIDERED 40
1.8 STAKEHOLDERS 40
1.9 SUMMARY OF CHANGES 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 FUNCTIONAL PROTEINS MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 43
2.1.1.1 Key data from secondary sources 43
2.1.2 PRIMARY DATA 44
2.1.2.1 Key data from primary sources 44
2.1.2.2 Breakdown of primaries 45
2.1.2.3 Key industry insights 46
2.2 MARKET SIZE ESTIMATION 46
2.2.1 APPROACH 1 47
2.2.1.1 Market estimation notes 47
2.2.2 APPROACH 2 48
2.3 DATA TRIANGULATION 49
FIGURE 3 DATA TRIANGULATION METHODOLOGY 49
2.4 ASSUMPTIONS FOR THE STUDY 50
2.5 LIMITATIONS OF THE STUDY 51
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 51
2.6.1 SCENARIO-BASED MODELLING 52
2.7 COVID-19 HEALTH ASSESSMENT 52
FIGURE 4 COVID-19: GLOBAL PROPAGATION 52
FIGURE 5 COVID-19 PROPAGATION: SELECT COUNTRIES 53
2.8 COVID-19 ECONOMIC ASSESSMENT 54
FIGURE 6 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 54
2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT 55
FIGURE 7 CRITERIA IMPACTING GLOBAL ECONOMY 55
FIGURE 8 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 56
3 EXECUTIVE SUMMARY 58
TABLE 2 FUNCTIONAL PROTEINS MARKET SNAPSHOT, 2020 VS. 2025 59
FIGURE 9 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020 VS. 2025 (USD MILLION) 59
FIGURE 10 FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2020 VS. 2025 (USD MILLION) 60
FIGURE 11 FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020 VS. 2025 (USD MILLION) 61
FIGURE 12 FUNCTIONAL PROTEINS MARKET, BY FORM, 2020 VS. 2025 (USD MILLION) 62
FIGURE 13 FUNCTIONAL PROTEINS MARKET SHARE, BY REGION, 2020 63
4 PREMIUM INSIGHTS 64
4.1 BRIEF OVERVIEW OF THE FUNCTIONAL PROTEINS MARKET 64
FIGURE 14 INCREASING DEMAND FOR CONSUMER HEALTH AND WELLNESS TO DRIVE THE GROWTH OF THE FUNCTIONAL PROTEINS MARKET 64
4.2 FUNCTIONAL PROTEINS MARKET: MAJOR REGIONAL SUBMARKETS 65
FIGURE 15 US IS THE LARGEST MARKET GLOBALLY FOR FUNCTIONAL PROTEINS IN 2020 65
4.3 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET, BY TYPE AND COUNTRY 66
FIGURE 16 CANADA IS ESTIMATED TO GROW AT THE HIGHEST RATE IN NORTH AMERICA IN 2020 66
4.4 FUNCTIONAL PROTEINS MARKET, BY TYPE AND REGION 67
FIGURE 17 WHEY PROTEIN CONCENTRATES SEGMENT IS ESTIMATED TO DOMINATE THE FUNCTIONAL PROTEINS MARKET IN 2020 67
4.5 FUNCTIONAL PROTEINS MARKET, BY APPLICATION 68
FIGURE 18 FUNCTIONAL FOOD SEGMENT PROJECTED TO DOMINATE THE FUNCTIONAL PROTEINS MARKET 68
4.6 FUNCTIONAL PROTEINS MARKET, BY SOURCE 68
FIGURE 19 ANIMAL SOURCE SEGMENT PROJECTED TO DOMINATE THE FUNCTIONAL PROTEINS MARKET 68
4.7 FUNCTIONAL PROTEINS MARKET, BY FORM 69
FIGURE 20 DRY FORM PROJECTED TO DOMINATE THE FUNCTIONAL PROTEINS MARKET 69
5 MARKET OVERVIEW 70
5.1 INTRODUCTION 70
FIGURE 21 HIGH DEMAND FOR PROTEIN WITNESSED IN THE DAILY DIET OF CONSUMERS IN NORTH AMERICA IN 2018 (%) 70
FIGURE 22 US: WHEY PROTEIN PRODUCTION, 2016 VS. 2017 (MILLION POUNDS) 71
5.2 MARKET DYNAMICS 71
FIGURE 23 FUNCTIONAL PROTEINS MARKET: MARKET DYNAMICS 71
5.2.1 DRIVERS 72
5.2.1.1 Growing instances of chronic diseases 72
FIGURE 24 PERCENTAGE OF THE US POPULATION WITH MULTIPLE CHRONIC ILLNESSES, 2017 72
FIGURE 25 CHRONIC DISEASES WERE AMONG THE TOP TEN CAUSES OF DEATH WORLDWIDE AMONGST ALL AGES, 2016 73
5.2.1.2 Rising healthcare burden due to chronic ailments 73
5.2.1.3 Rising health awareness among consumers 73
FIGURE 26 CONSUMER INTEREST IN SPECIFIC NUTRIENTS IN DIETS 74
5.2.1.4 Increasing applications of functional proteins 74
5.2.2 GROWING DEMAND FOR FUNCTIONAL PROTEINS FOR ANIMAL NUTRITION 74
5.2.2.1 Growing consumption of functional foods 75
FIGURE 27 RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS IN AUSTRALIA (USD MILLION), 2018-2022 75
5.2.3 RESTRAINTS 76
5.2.3.1 Increasing allergies and intolerances related to a few functional proteins 76
5.2.3.2 High cost of plant-based functional proteins 76
5.2.4 OPPORTUNITIES 76
5.2.4.1 Rising middle-class income in emerging economies 76
FIGURE 28 PER CAPITA GDP (USD), BY COUNTRY, 2019 77
5.2.4.2 Technological advancements in the functional proteins market 77
5.2.5 MICROARRAYS 77
5.2.5.1 Growing popularity of functional proteins for sports nutrition 77
FIGURE 29 NUMBER OF HEALTH CLUB CONSUMERS IN THE US (MILLIONS),
2008 VS. 2018 78
5.2.6 CHALLENGES 78
5.2.6.1 Regulatory influence 78
5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS 79
5.3.1 IMPACT OF COVID-19 ON SPORTS NUTRITION, WHICH IS ONE OF THE MAJOR APPLICATIONS OF FUNCTIONAL PROTEINS 79
5.3.2 COVID-19 IMPACT ON FUNCTIONAL PROTEINS SUPPLY CHAIN AND AVAILABILITY OF RAW MATERIALS 79
5.3.3 COVID-19 HAS BENEFITTED THE FUNCTIONAL FOODS MARKET, FURTHER DRIVING THE DEMAND FOR FUNCTIONAL PROTEINS 79
6 INDUSTRY TRENDS 80
6.1 INTRODUCTION 80
FIGURE 30 WHEY PROTEINS: CONSTITUENTS AND APPLICATIONS 80
6.2 VALUE CHAIN ANALYSIS 81
FIGURE 31 FUNCTIONAL PROTEINS: VALUE CHAIN ANALYSIS 81
6.3 TECHNOLOGY ANALYSIS 82
6.3.1 HYDROLYSIS 82
6.3.2 MEMBRANE FILTRATION TECHNOLOGY 82
6.3.3 FOOD MICROENCAPSULATION 82
6.3.4 BIOTECHNOLOGY 82
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6.4 PRICING ANALYSIS: FUNCTIONAL PROTEINS MARKET 82
TABLE 3 PRICING ANALYSIS, BY TYPE, 2019 (USD/KG) 83
FIGURE 32 PRICING TREND OF WHEY PROTEIN CONCENTRATES, 2016–2020 (USD/TON) 83
6.5 ECOSYSTEM MAP 84
6.5.1 FUNCTIONAL PROTEINS MARKET: ECOSYSTEM VIEW 84
6.5.2 FUNCTIONAL PROTEINS MARKET: MARKET MAP 85
6.5.2.1 Upstream 85
6.5.3 TECHNOLOGY PROVIDER 85
6.5.4 INGREDIENT AND RAW MATERIAL PROVIDERS 86
6.5.4.1 Downstream 86
6.5.5 REGULATORY BODIES & CERTIFICATION PROVIDERS 86
6.5.6 KEY REGULATORY BODIES FOR THE FUNCTIONAL PROTEINS AND OTHER NUTRACEUTICAL INGREDIENTS 86
6.6 YC-YCC SHIFT 87
FIGURE 34 REVENUE SHIFT FOR FUNCTIONAL PROTEINS MARKET 87
6.7 PATENT ANALYSIS 87
FIGURE 35 PATENT INSIGHTS (2018-2020) 87
FIGURE 36 PATENT ANALYSIS, BY DOCUMENT COUNT (2011-2020) 88
TABLE 4 KEY PATENTS PERTAINING TO FUNCTIONAL PROTEINS, 2018-2020 88
6.8 TRADE ANALYSIS 90
TABLE 5 KEY IMPORTING COUNTRIES WITH IMPORT VALUE OF PROTEIN CONCENTRATES, 2019 (USD MILLION) 90
TABLE 6 KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF FUNCTIONAL PROTEINS, 2019 (USD MILLION) 91
TABLE 7 IMPORT DATA OF PROTEIN: CONCENTRATES AND TEXTURED PROTEIN SUBSTANCES, BY COUNTRY, 2020 92
TABLE 8 EXPORT DATA OF PROTEIN: CONCENTRATES AND TEXTURED PROTEIN SUBSTANCES, BY COUNTRY, 2020 93
TABLE 9 RE-EXPORT DATA OF PROTEIN: CONCENTRATES AND TEXTURED PROTEIN SUBSTANCES, BY COUNTRY, 2020 93
6.9 PORTER?S FIVE FORCES ANALYSIS 94
TABLE 10 FUNCTIONAL PROTEINS MARKET: PORTER?S FIVE FORCES ANALYSIS 94
6.9.1 DEGREE OF COMPETITION 94
6.9.2 BARGAINING POWER OF SUPPLIERS 95
6.9.3 BARGAINING POWER OF BUYERS 95
6.9.4 THREAT OF SUBSTITUTES 95
6.9.5 THREAT OF NEW ENTRANTS 95
6.10 CASE STUDIES 96
6.10.1 SUSTAINABLE TRANSITION TO PLANT-PROTEIN PRODUCTION AND CONSUMPTION 96
TABLE 11 FUNCTIONAL PROTEINS MARKET: SUSTAINABLE PLANT-PROTEIN PRODUCTION 96
6.10.2 GROWING CONSUMER DEMAND FOR INNOVATIVE SOURCES OF
FUNCTIONAL PROTEINS 96
TABLE 12 FUNCTIONAL PROTEINS MARKET: GROWING DEMAND FOR INNOVATIVE PROTEIN SOURCES 96
7 REGULATORY FRAMEWORK 97
7.1 INTRODUCTION 97
7.1.1 REGULATIONS RELATED TO THE INTENDED USE OF FUNCTIONAL PROTEINS
BY COMPANIES 97
7.1.2 REGULATIONS PERTAINING TO PLANT-BASED FUNCTIONAL PROTEINS (PEA PROTEINS) 98
7.1.3 REGULATIONS PERTAINING TO PROTEIN INTAKE 98
7.2 NORTH AMERICA 99
7.2.1 CANADA 99
7.2.2 US 100
7.3 EUROPEAN UNION 100
7.4 ASIA PACIFIC 100
7.4.1 CHINA 100
7.4.2 INDIA 101
8 FUNCTIONAL PROTEINS MARKET, BY TYPE 102
8.1 INTRODUCTION 103
FIGURE 37 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION) 103
TABLE 13 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2015–2019 (USD MILLION) 104
TABLE 14 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION) 104
TABLE 15 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2015–2019 (KT) 104
TABLE 16 FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2020-2025 (KT) 105
8.1.1 COVID-19 IMPACT ON THE FUNCTIONAL PROTEINS MARKET, BY TYPE 105
8.1.1.1 Realistic Scenario 105
TABLE 17 REALISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 105
8.1.1.2 Optimistic Scenario 106
TABLE 18 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 106
8.1.1.3 Pessimistic Scenario 106
TABLE 19 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 106
8.2 HYDROLYSATES 107
8.2.1 ALLERGY AVERSION AND FLAVOR ENHANCEMENT QUALITIES OF HYDROLYSATES MAKE THEM A POPULAR INGREDIENT IN DIETARY SUPPLEMENTS AND INFANT NUTRITION PRODUCTS 107
TABLE 20 HYDROLYSATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 107
TABLE 21 HYDROLYSATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 107
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8.3 WHEY PROTEIN CONCENTRATES 108
8.3.1 EASE OF AVAILABILITY AND LESS COST OF PRODUCTION AID THE POPULARITY OF WHEY PROTEIN CONCENTRATES 108
TABLE 22 WHEY PROTEIN CONCENTRATES: FUNCTIONAL PROTEINS MARKET SIZE,
BY REGION, 2015–2019 (USD MILLION) 108
TABLE 23 WHEY PROTEIN CONCENTRATES: FUNCTIONAL PROTEINS MARKET SIZE,
BY REGION, 2020-2025 (USD MILLION) 108
8.4 WHEY PROTEIN ISOLATES 109
8.4.1 WHEY PROTEIN ISOLATES SHOWCASE DIVERSE FUNCTIONALITIES 109
TABLE 24 WHEY PROTEIN ISOLATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 109
TABLE 25 WHEY PROTEIN ISOLATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 109
8.5 CASEIN/CASEINATES 110
8.5.1 CASEIN IS AN ACTIVE INGREDIENT IN DIETARY SUPPLEMENTS AS IT INDUCES LOSS IN BODY WEIGHT 110
TABLE 26 CASEIN/CASEINATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 110
TABLE 27 CASEIN/CASEINATES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 110
8.6 SOY PROTEIN 111
8.6.1 LOW PROCESSING COST COUPLED WITH ALL-ROUND HEALTH BENEFITS DRIVING MARKET GROWTH 111
TABLE 28 SOY PROTEIN: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 111
TABLE 29 SOY PROTEIN: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 111
8.7 OTHER TYPES 112
8.7.1 INCREASE IN DEMAND FOR EGGS, WHEAT, AND PEA PROTEINS 112
TABLE 30 OTHER TYPES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 112
TABLE 31 OTHER TYPES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 112
9 FUNCTIONAL PROTEINS MARKET, BY SOURCE 113
9.1 INTRODUCTION 114
FIGURE 38 FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020 VS. 2025 (USD MILLION) 114
TABLE 32 FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 114
TABLE 33 FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020-2025 (USD MILLION) 115
9.1.1 COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET, BY SOURCE 115
9.1.1.1 Realistic Scenario 115
TABLE 34 REALISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 115
9.1.1.2 Optimistic Scenario 115
TABLE 35 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 115
9.1.1.3 Pessimistic Scenario 116
TABLE 36 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 116
9.2 ANIMAL SOURCE 116
TABLE 37 ANIMAL SOURCE: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 116
TABLE 38 ANIMAL SOURCE: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 117
TABLE 39 ANIMAL SOURCE: FUNCTIONAL PROTEINS MARKET SIZE,
2015–2019 (USD MILLION) 117
TABLE 40 ANIMAL SOURCE: FUNCTIONAL PROTEINS MARKET SIZE,
2020-2025 (USD MILLION) 117
9.2.1 DAIRY PROTEIN 118
9.2.1.1 Dairy proteins are preferred among consumers owing to their taste and texture profile 118
9.2.2 EGG PROTEIN 118
9.2.2.1 Highest protein content makes egg protein a highly preferred option in the functional proteins market 118
9.2.3 GELATIN 118
9.2.3.1 Exemplary functional properties and associated health benefits propelling the market growth of gelatin 118
9.3 PLANT SOURCE 118
TABLE 41 PLANT SOURCE: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 119
TABLE 42 PLANT SOURCE: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 119
TABLE 43 PLANT SOURCE: FUNCTIONAL PROTEINS MARKET SIZE,
2015–2019 (USD MILLION) 119
TABLE 44 PLANT SOURCE: FUNCTIONAL PROTEINS MARKET SIZE,
2020-2025 (USD MILLION) 120
9.3.1 SOY 120
9.3.1.1 Low cost of processing aids the market growth for soy protein 120
9.3.2 WHEAT 120
9.3.2.1 Wheat gluten allergies among consumers have led to an adverse impact on the market 120
9.3.3 VEGETABLE 120
9.3.3.1 Pea protein to record a significant growth rate owing to its high nutritious value 120
10 FUNCTIONAL PROTEINS MARKET, BY APPLICATION 121
10.1 INTRODUCTION 122
FIGURE 39 FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2020 VS. 2025 (USD BILLION) 122
TABLE 45 FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2015–2019 (USD MILLION) 123
TABLE 46 FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2020-2025 (USD MILLION) 123
10.1.1 COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET, BY APPLICATION 123
10.1.1.1 Realistic Scenario 124
TABLE 47 REALISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 124
10.1.1.2 Optimistic Scenario 124
TABLE 48 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 124
10.1.1.3 Pessimistic Scenario 125
TABLE 49 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 125
10.2 FUNCTIONAL FOOD 125
10.2.1 POPULARITY OF ON-THE-GO PROTEIN SNACKS AND BARS FUELLING THE DEMAND FOR FUNCTIONAL PROTEINS 125
TABLE 50 FUNCTIONAL FOOD: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 125
TABLE 51 FUNCTIONAL FOOD: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 126
10.3 FUNCTIONAL BEVERAGES 126
10.3.1 PROTEIN SHAKES AND JUICES INCREASINGLY PREFERRED BY YOUNG CONSUMERS WITH HECTIC LIFESTYLES 126
TABLE 52 FUNCTIONAL BEVERAGES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 126
TABLE 53 FUNCTIONAL BEVERAGES: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 127
10.4 DIETARY SUPPLEMENTS 127
10.4.1 FUNCTIONAL PROTEINS USED AS AN INTEGRAL INGREDIENT IN DIETARY SUPPLEMENTS 127
TABLE 54 DIETARY SUPPLEMENTS: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 127
TABLE 55 DIETARY SUPPLEMENTS: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 128
10.5 SPORTS NUTRITION 128
10.5.1 PROTEIN USED AS AN ACTIVE INGREDIENT IN SPORTS NUTRITION PRODUCTS 128
TABLE 56 SPORTS NUTRITION: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 128
TABLE 57 SPORTS NUTRITION: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 129
10.6 ANIMAL NUTRITION 129
10.6.1 FUNCTIONAL PROTEINS USED AS A NUTRIENT SOURCE IN ANIMAL AND PET FEEDS 129
TABLE 58 ANIMAL NUTRITION: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 129
TABLE 59 ANIMAL NUTRITION: FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2020-2025 (USD MILLION) 130
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11 FUNCTIONAL PROTEINS MARKET, BY FORM 131
11.1 INTRODUCTION 132
FIGURE 40 FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2020 VS. 2025 (USD MILLION) 132
TABLE 60 FUNCTIONAL PROTEINS MARKET SIZE, BY FORM, 2015–2019 (USD MILLION) 132
TABLE 61 FUNCTIONAL PROTEINS MARKET SIZE, BY FORM, 2020-2025 (USD MILLION) 132
11.2 DRY 133
11.2.1 LONGER SHELF STABILITY OF THE DRY FORM TO DRIVE THE MARKET GROWTH 133
TABLE 62 DRY: FUNCTIONAL FOOD MARKET SIZE, BY REGION,
2015-2019 (USD MILLION) 133
TABLE 63 DRY: FUNCTIONAL FOOD MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 133
11.3 LIQUID 134
11.3.1 EASE OF MIXING IN CASE OF THE LIQUID FORM PROJECTED TO DRIVE ITS GROWTH 134
TABLE 64 LIQUID: FUNCTIONAL FOOD MARKET SIZE, BY REGION,
2015-2019 (USD MILLION) 134
TABLE 65 LIQUID: FUNCTIONAL FOOD MARKET SIZE, BY REGION,
2020-2025 (USD MILLION) 134
12 FUNCTIONAL PROTEINS MARKET, BY REGION 135
12.1 INTRODUCTION 136
FIGURE 41 INDIA AND CHINA TO RECORD THE SIGNIFICANT GROWTH DURING THE FORECAST PERIOD 137
TABLE 66 FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 137
TABLE 67 FUNCTIONAL PROTEINS MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 138
12.1.1 COVID-19 IMPACT ON THE FUNCTIONAL PROTEINS MARKET, BY REGION 138
12.1.1.1 Realistic Scenario 139
TABLE 68 REALISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 139
12.1.1.2 Pessimistic Scenario 139
TABLE 69 PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 139
12.1.1.3 Optimistic Scenario 140
TABLE 70 OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE FUNCTIONAL PROTEINS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 140
FIGURE 42 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SNAPSHOT 141
TABLE 71 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION) 141
TABLE 72 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 142
TABLE 73 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 142
TABLE 74 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 142
TABLE 75 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 143
TABLE 76 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 143
TABLE 77 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2015–2019 (USD MILLION) 143
TABLE 78 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 143
TABLE 79 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION) 144
TABLE 80 NORTH AMERICA: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 144
12.1.2 US 144
12.1.2.1 Rising health concerns and prevention of lifestyle diseases are the major drivers of functional proteins 144
TABLE 81 US: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 145
TABLE 82 US: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 145
TABLE 83 US: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 145
TABLE 84 US: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 146
12.1.3 CANADA 146
12.1.3.1 Active involvement of government bodies in the expansion and development of the agri-food sector 146
TABLE 85 CANADA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 146
TABLE 86 CANADA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 147
TABLE 87 CANADA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 147
TABLE 88 CANADA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 147
12.1.4 MEXICO 148
12.1.4.1 Malnutrition and obesity triggering the demand for functional proteins 148
TABLE 89 MEXICO: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 148
TABLE 90 MEXICO: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 148
TABLE 91 MEXICO: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 149
TABLE 92 MEXICO: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 149
12.2 EUROPE 149
FIGURE 43 EUROPE: FUNCTIONAL PROTEINS MARKET SNAPSHOT 150
TABLE 93 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY/REGION, 2015–2019 (USD MILLION) 150
TABLE 94 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION) 151
TABLE 95 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 151
TABLE 96 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 152
TABLE 97 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 152
TABLE 98 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 152
TABLE 99 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2015–2019 (USD MILLION) 152
TABLE 100 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 153
TABLE 101 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2015–2019 (USD MILLION) 153
TABLE 102 EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 153
12.2.1 GERMANY 154
12.2.1.1 Aversion toward meat products fueling the demand for plant-sourced functional proteins 154
TABLE 103 GERMANY: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 154
TABLE 104 GERMANY: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 154
TABLE 105 GERMANY: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 155
TABLE 106 GERMANY: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 155
12.2.2 FRANCE 155
12.2.2.1 Plant proteins gaining traction in the French market 155
TABLE 107 FRANCE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 155
TABLE 108 FRANCE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 156
TABLE 109 FRANCE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 156
TABLE 110 FRANCE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 156
12.2.3 UK 157
12.2.3.1 High purchasing power of consumers leading to the growth of the functional proteins market 157
TABLE 111 UK: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 157
TABLE 112 UK: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 157
TABLE 113 UK: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 158
TABLE 114 UK: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 158
12.2.4 ITALY 158
12.2.4.1 Multitude of establishments involved in cheese production fueling the demand for dairy-based functional proteins 158
TABLE 115 ITALY: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 158
TABLE 116 ITALY: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 159
TABLE 117 ITALY: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 159
TABLE 118 ITALY: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 159
12.2.5 SPAIN 160
12.2.5.1 Food-related epidemics and health concerns drive the functional proteins market 160
TABLE 119 SPAIN: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 160
TABLE 120 SPAIN: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 160
TABLE 121 SPAIN: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 161
TABLE 122 SPAIN: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 161
12.2.6 REST OF EUROPE 161
12.2.6.1 Key players based enhancing the growth opportunities for the functional proteins market 161
TABLE 123 REST OF EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 161
TABLE 124 REST OF EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 162
TABLE 125 REST OF EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 162
TABLE 126 REST OF EUROPE: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 162
12.3 ASIA PACIFIC 163
FIGURE 44 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SNAPSHOT 164
TABLE 127 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY/REGION, 2015–2019 (USD MILLION) 164
TABLE 128 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION) 165
TABLE 129 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 165
TABLE 130 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 166
TABLE 131 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 166
TABLE 132 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 166
TABLE 133 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2015–2019 (USD MILLION) 167
TABLE 134 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY FORM,
2020–2025 (USD MILLION) 167
TABLE 135 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2015–2019 (USD MILLION) 167
TABLE 136 ASIA PACIFIC: FUNCTIONAL PROTEINS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 168
12.3.1 CHINA 168
12.3.1.1 Increased purchasing power of consumers due to economic development fuels the demand for functional proteins 168
TABLE 137 CHINA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 169
TABLE 138 CHINA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 169
TABLE 139 CHINA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 169
TABLE 140 CHINA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 170
12.3.2 INDIA 170
12.3.2.1 Demand for functional proteins triggered by surging internet penetration among the millennial population 170
TABLE 141 INDIA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 170
TABLE 142 INDIA: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 171
TABLE 143 INDIA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 171
TABLE 144 INDIA: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 171
12.3.3 JAPAN 172
12.3.3.1 Increase in the country’s aging population drives the demand for protein-infused functional food products 172
TABLE 145 JAPAN: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2015–2019 (USD MILLION) 172
TABLE 146 JAPAN: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION) 172
TABLE 147 JAPAN: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2015–2019 (USD MILLION) 173
TABLE 148 JAPAN: FUNCTIONAL PROTEINS MARKET SIZE, BY SOURCE,
2020–2025 (USD MILLION) 173
12.3.4 AUSTRALIA & NEW ZEALAND 173
12.3.4.1 Prevalence of chronic lifestyle diseases such as diabetes propels the demand for functional proteins 173
TABLE 149 AUSTRALIA & NEW ZEALAND: FUNCTIONAL PROTEINS MARKET SIZE, BY TYPE, 2015–2019 (USD MIL