Functional Protein Market Research Report
Growth opportunities in the Functional Protein Market look
promising over the next six years. This is mainly due to the rising recognition
of healthy food items, altering lifestyle, and increasing prevalence of
diabetes and obesity.
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Functional Protein Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The increasing inclination of individuals towards healthy
and nutritional food items led by the expanding health awareness among
consumers is one of the most prominent drivers supplementing the global functional
protein market growth. In accordance with the IDF, approximately 463
million people suffer from diabetes around the world, out of which 55 million
individuals in the MEAN region have diabetes. This number is forecasted to rise
and reach 108 million by the end of 2045. Also, the augmenting incidence of
various diseases such as cholesterol, diabetes, and obesity has strengthened
the functional protein market size. The millennial population largely prefers
functional food products owing to their busy and hectic lifestyle.
The ingredients in this protein bring about the biological
effect when consumed by a human being or animal. For example, the raw soybean
includes an ingredient, trypsin inhibitor, which improves the capability of
animals and the human body to digest protein easily. Moreover, the enlargement
of the animal feed industry primarily in the emerging countries, including
India, China, and Brazil, owing to the aggravating demand for dairy derivatives
on a domestic level, is further supplementing the market growth. However, their
high cost may hamper the market growth. In addition, animal-based proteins are
experiencing a contraction in demand due to the transpiring trend of the vegan
population and the health benefits of vegetarianism.
Product
Segment Drivers
Based on the product, hydrolysates are projected to witness
a higher CAGR during the forecast period. This is primarily because this type
of product is prebiotic, hypertensive, and anti-micro biotic, which is mainly
employed in the manufacturing of products for infants and clinical nutrition.
On the other hand, the casein & caseinates are predicted to lead the market
during the forecast period. Casein offers enormous functional properties such
as structure formation, water binding, foaming, heat stability, and
emulsification. Additionally, the increasing consciousness concerned with the
advantages of this product is bolstering the functional protein market share.
Functional
Protein Market’s leading Manufacturers:
·
Glanbia PLC
·
DuPont
·
Cargill, Incorporated
·
Ingredion
·
DSM
·
Roquette Frères
·
SunOpta
·
Fonterra Co-operative Group Limited
·
BASF SE
·
ADM
Functional Protein Market Segmentation:
Segmentation by Type
·
Hydrolysates
·
Whey Protein Concentrates
·
Whey Protein Isolates
·
Casein/Caseinates
·
Soy Protein
·
Others
Segmentation by Source
·
Animal Source
·
Plant Source
Segmentation by Application
·
Functional Food
·
Functional Beverages
·
Dietary Supplements
·
Sports Nutrition
·
Animal Nutrition
Segmentation by Form
·
Dry
·
Liquid
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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