Functional Proteins Market by Type (Casein/Caseinates, Hydrolysates, Soy Protein, Whey Protein Concentrates, Whey Protein Isolates), Source, Form, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Report Format: PDF   |   Report ID: 5684760   |   Published Date: August 2024   |   Pages:  175  

Functional Proteins Market Size
The global functional proteins market size was valued at $7.33 billion in 2024 and is projected to reach $11.00 billion by 2030, growing at a CAGR of 7.0% during the forecast period.
Functional Proteins Market Overview
Functional proteins are a diverse group of proteins that perform essential biological tasks within living organisms, performing roles beyond simple structural support, including metabolism to immune defense, making them crucial for life. These proteins are involved in dynamic and critical processes such as catalyzing biochemical reactions, regulating cellular activities, transporting molecules, and defending against pathogens. These diverse proteins serve as enzymes to speed up chemical reactions, hormones to regulate biological activities, transporters to convey critical molecules like oxygen, antibodies to protect against infections, and receptors to enhance cellular communication. Their role in muscular contraction and movement indicates their importance. In essence, functional proteins are the dynamic agents in our bodies that ensure efficiency, protection, and coordination in all physiological activities, making them essential for health and vitality.
 
Functional Proteins Market Dynamics
• The functional proteins market is expected to witness significant growth in the future due to the increasing demand for functional foods and beverages, growing awareness of the health benefits of protein-rich diets, and rising prevalence of chronic diseases and aging population.
• Additionally, the advances in protein engineering and biotechnology, expanding applications in pharmaceuticals and nutraceuticals, and increasing investment in research and development are the prominent factors driving the growth of the functional proteins market.
• However, the high cost of production and purification, limited availability of raw materials, and technological complexities in protein formulation are restraining the market growth.
• On the contrary, the development of novel protein-based therapeutics, expansion into emerging markets with growing health consciousness, and innovations in plant-based and sustainable protein sources are creating opportunities for market growth.
  
By Application, the Dietary Supplements Segment is projected to be the Largest Segment in the Functional Proteins Market
The dietary supplements segment emerges as the largest segment in the functional proteins market during the forecast period due to a growing awareness of health and wellness among consumers. Functional proteins, known for their various health benefits, including muscle building, weight management, and improved immune function, are becoming increasingly popular among individuals seeking to enhance their overall health. The rise in fitness and sports activities has also led to a higher demand for protein supplements among athletes and fitness enthusiasts who require additional protein intake for muscle recovery and performance enhancement. Additionally, an aging population looking to maintain muscle mass and strength, along with the increasing prevalence of lifestyle-related diseases such as obesity and diabetes, is driving the consumption of protein-rich supplements. The convenience of protein powders, bars, and ready-to-drink protein beverages further supports their widespread use. As consumers continue to prioritize health and nutrition, the dietary supplements segment is experiencing robust growth, fueling the demand for high-quality functional proteins.
By Geography, North America Region Holds the Dominant Position in the Market Revenue
North America region maintains a commanding lead in market revenue due to the region's strong focus on health and wellness, coupled with a high prevalence of lifestyle-related diseases such as obesity and diabetes. Consumers in North America are increasingly adopting protein-rich diets and seeking functional foods and beverages that offer additional health benefits. The widespread participation in fitness activities and sports also boosts the need for protein supplements to support muscle growth, recovery, and overall performance. Additionally, the robust food and beverage industry in North America is continuously innovating, incorporating functional proteins into a wide range of products to meet consumer demand for healthier options. Furthermore, the region's well-established regulatory framework ensures the safety and efficacy of these products, gaining consumer trust.
Key Target Audience:
• Food and Beverage Manufacturers
• Dietary Supplement Companies
• Pharmaceutical Companies 
• Sports Nutrition Companies
• Pet Food Manufacturers
List of the Key Players Profiled in the Report Includes: 
• ADM  
• Arla Foods 
• BASF 
• Cargill 
• DSM 
• DuPont 
• Essentia Protein Solutions 
• Fonterra  
• FrieslandCampina 
• Glanbia
• Ingredion  
• Roquette
 
Recent Developments:
• In December 2023, Arla Foods and Solinest signed a long-term partnership agreement to introduce two brands into French retail. French consumers can now look forward to Arla?(R) Skyr and Arla?(R) Protein being available in stores, thanks to this collaboration. This entry into one of Europe's largest dairy markets is driven by the rising consumer interest in functional health dairy products. The dairy protein category is experiencing rapid growth as consumers seek nutritional boosts that align with their active lifestyles.
• In May 2023, ADM announced a strategic development agreement to collaborate on research and development aimed at advancing new and novel proteins for nutrition. This agreement combines ADM's extensive expertise in nutrition, formulation, and research with Air Protein's innovative landless agriculture platform. The partnership seeks to identify methods to scale cost-effective ingredients that meet the cost, nutrition, flavor, and texture targets for meat substitutes. Additionally, the agreement grants ADM and Air Protein exclusive rights to jointly build and operate the world's first commercial-scale Air Protein plant.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Type: 
• Casein/Caseinates
• Hydrolysates 
• Soy Protein
• Whey Protein Concentrates
• Whey Protein Isolates
• Other Types
Market by, Source:
• Animal
• Plant
Market by, Form: 
• Dry
• Liquid
Market by, Application:
• Animal Nutrition
• Dietary Supplements
• Functional Beverages
• Functional Food 
• Sports Nutrition
Market by, Geography:
The functional proteins market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Scope of the Report:
The report oGlobal Functional Proteins Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.
1 Market Introduction             
    1.1 Market Definition          
    1.2 Research Scope and Segmentation        
    1.3 Stakeholders          
    1.4 List of Abbreviations         
                
2 Executive Summary              
                
3 Research Methodology             
    3.1 Identification of Data         
    3.2 Data Analysis          
    3.3 Verification          
    3.4 Data Sources          
    3.5 Assumptions          
                
4 Market Dynamics              
    4.1 Market Drivers          
    4.2 Market Restraints          
    4.3 Market Opportunities         
    4.4 Market Challenges          
                
5 Porter's Five Force Analysis             
    5.1 Bargaining Power of Suppliers         
    5.2 Bargaining Power of Buyers         
    5.3 Threat of New Entrants         
    5.4 Threat of Substitutes         
    5.5 Competitive Rivalry in the Market        
                
6 Global Functional Proteins Market by, Type           
    6.1 Overview          
    6.2 Casein/Caseinates          
    6.3 Hydrolysates          
    6.4 Soy Protein          
    6.5 Whey Protein Concentrates         
    6.6 Whey Protein Isolates         
    6.7 Other Types          
             6.7.1 Wheat Protein 
             6.7.2 Sunflower Protein 
             6.7.3 Rice Protein 
             6.7.4 Rapeseed Protein 
             6.7.5 Pea Protein 
             6.7.6 Egg Protein 
                
7 Global Functional Proteins Market by, Source           
    7.1 Overview          
    7.2 Animal           
             7.2.1 Dairy Protein 
             7.2.2 Egg Protein 
             7.2.3 Gelatin  
    7.3 Plant           
             7.3.1 Soy  
             7.3.2 Wheat  
             7.3.3 Vegetable 
                
8 Global Functional Proteins Market by, Form           
    8.1 Overview          
    8.2 Dry           
    8.3 Liquid           
                
9 Global Functional Proteins Market by, Application           
    9.1 Overview          
    9.2 Animal Nutrition          
    9.3 Dietary Supplements         
    9.4 Functional Beverages         
    9.5 Functional Food          
    9.6 Sports Nutrition          
                
10 Global Functional Proteins Market by, Geography           
    10.1 Overview          
    10.2 North America          
             10.2.1 US  
             10.2.2 Canada  
             10.2.3 Mexico  
    10.3 Europe           
             10.3.1 Germany  
             10.3.2 France  
             10.3.3 UK  
             10.3.4 Italy  
             10.3.5 Spain  
             10.3.6 Rest of Europe 
    10.4 Asia Pacific          
             10.4.1 China  
             10.4.2 Japan  
             10.4.3 India  
             10.4.4 South Korea 
             10.4.5 Australia  
             10.4.6 New Zealand 
             10.4.7 Rest of Asia Pacific 
    10.5 South America          
             10.5.1 Brazil  
             10.5.2 Argentina 
             10.5.3 Chile  
             10.5.4 Rest of South America
    10.6 Middle East & Africa         
             10.6.1 UAE  
             10.6.2 Saudi Arabia 
             10.6.3 Qatar  
             10.6.4 Iran  
             10.6.5 South Africa 
             10.6.6 Rest of Middle East & Africa
                
11 Key Developments              
                
12 Company Profiling              
    12.1 ADM             
             12.1.1 Business Overview 
             12.1.2 Product/Service Offering
             12.1.3 Financial Overview 
             12.1.4 SWOT Analysis 
             12.1.5 Key Activities 
    12.2 Arla Foods           
    12.3 BASF            
    12.4 Cargill            
    12.5 DSM            
    12.6 DuPont            
    12.7 Essentia Protein Solutions          
    12.8 Fonterra             
    12.9 FrieslandCampina           
    12.10 Glanbia           
    12.11 Ingredion            
    12.12 Roquette


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Publisher: Diligence Insights LLP