Functional Proteins Market Forecasts to 2028 – Global Analysis By Form (Dry, Liquid, and Powder), Type (Whey Protein Concentrates, Hydrolysates and Other Types), Structure (Primary, Secondary and Other Structures), Application and By Geography
According to Stratistics MRC, the Global Functional Proteins Market is accounted for $4.60 billion in 2020 and is expected to reach $8.39 billion by 2028 growing at a CAGR of 7.8% during the forecast period. While the factors like growing instances of chronic diseases and rising health awareness among consumers are propelling the market growth. However, the high cost of plant-based functional proteins is hampering the market growth.
Functional proteins are biochemical compounds including polypeptides that carry out biological activities. These proteins have several benefits such as improve mitigate the effect of pathogens and decrease recovery time after intestinal disorder.
Based on the type, the casein/caseinates segment is estimated to have a lucrative growth during the forecast period. Casein is a source of various functional peptides comprising various properties such as water binding, heat stability, foaming, and emulsification.
By geography, North America is going to have a lucrative growth during the forecast period due to the high occurrence of chronic diseases in countries such as the US. Whey protein concentrates are acquiring traction as customers are shifting to dairy proteins to complete their nutritional requirements.
Some of the key players profiled in the Functional Proteins Market include GSK Group of Companies, Makers Nutrition LLC, Proliver BVBA, Glanbia Plc, Herbalife International, Inc., Fonterra Co-Operative Group, Amway, Cargill, Inc., Optimum Nutrition, Inc, Nature's Bounty Co, Archer Daniels Midland Company, GNC Holdings Inc, Maxi Nutrition, Shandong Sinoglory Health Food Co., Ltd, and Abbott Nutrition.
Estimated Market Size in 2020:
USD 4.60 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Form, Type, Source, Structure, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Whey Protein Concentrates (WPC)
• Whey Protein Isolates (WPI)
• Soy Protein
• Egg Albumin
• Milk Protein Isolate
• Hemp Protein
• Other Types
• Animal Nutrition
• Dietary Supplements
• Sports Nutrition/Clinical Nutrition
• Functional Food & Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Functional Proteins Market is majorly driven by growing instances of chronic diseases, rising health awareness among consumers, and increasing healthcare burden due to chronic ailments.
The hydrolysates segment is growing at the highest CAGR due to its consumption which allows amino acids to be absorbed by the body more rapidly than intact proteins, thus maximizing nutrient delivery to muscle tissues.
North America dominated with a significant market share owing to the growing consumption of functional foods and dietary supplements.
Asia Pacific market is growing at the highest CAGR owing to the increasing popularity of sports nutrition and weight management nutrition.
Key players in Functional Proteins Market include GSK Group of Companies, Makers Nutrition LLC, Proliver BVBA, Glanbia Plc, Herbalife International, Inc., Fonterra Co-Operative Group, Amway, Cargill, Inc., Optimum Nutrition, Inc, Nature's Bounty Co, Archer Daniels Midland Company, GNC Holdings Inc, Maxi Nutrition, Shandong Sinoglory Health Food Co., Ltd, and Abbott Nutrition.
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