Global Functional Proteins Market is valued at approximately USD 4.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2028. Functional proteins are the complex mixture of biologically active proteins that are ingested to increase the body’s resistance against invaders, as they have extended nutrition value thus restores the body’s immunity. Increase in the number of prevalent cases of chronic diseases, increase in population adapting functional and ready-to-use foods and increase in demand for functional proteins by fitness enthusiasts, has driven the adoption of Functional Proteins across the projected period. For Instance: Arla Food Ingredients, in 2019 introduced a 100% Whey Protein isolate ingredient designed for ready-to-drink protein beverages targeting fitness enthusiasts. Also, emergence of plant-based protein in the market is most likely to boost the overall growth of the Functional Proteins Market. However, high cost of functional food can obstruct the market’s expansion over the projection period of 2022-2028.
The key regions considered for the global Functional Proteins Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. High prevalence of chronic diseases and lack of balanced dietary intake are driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to the rise in population adapting Functional Food.
Major market players included in this report are:
Fonterra Co-operative Group
Archer Daniels Midland Company
MGP Ingredients Inc.
DuPont de Nemours, Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Casein & Caseinate
Functional Food & Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Functional Proteins Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers