Global Functional Protein Market is projected to grow at a high CAGR from 2017 to 2022
Growing health concerns have led to high demand for protein rich and nutritious products creating a market for functional proteins in the food and beverage sector. The market is expected to grow in coming years due to rising demand for animal based proteins used in sports, fitness and infant nutrition. Manufacturers of food products such as infant formula, bakery, and dietary supplements, among others are venturing into development of various kinds of functional proteins. More and more consumers are shifting towards healthier lifestyles and contributing towards the growth of this market. The market is segmented into hydrolysates, whey Protein concentrates, whey protein isolates, casein/caseinates and soy protein. Whey Protein concentrates hold maximum market share due to their vast applicability in the food and beverages sector; they are also cheaper and more easily available as opposed to hydrolysates and isolates. They are extensively used in health drinks, bakery products, low-fat products, soups, etc. Stringent regulations and high cost of research and development are some factors hindering the growth of the market.
The report is designed to provide a complete view on the global Functional Protein market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2022). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Functional Protein market has been studied considering a short term forecast of the factors/ variables which have an impact on Functional Protein market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
High demand for animal based functional proteins, rapid expansion of food and beverages industry, increased demand for healthy and nutritional food, and rise in demand for dietary supplements are the major factors influencing the growth for global functional proteins market.
Study Technique: Global Functional Protein Market
The global Functional Protein market has been studied from the year 2016 till 2022. However, the CAGR provided in the report is from the year 2017 to 2022. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Functional Protein market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Functional Protein, and customer analytics.
End-User Landscape (Consumer Profile): Functional Protein Market
Companies such as the Kerry Group Plc, Arla Foods AMBA, Fonterra Co-Operative Group, and Glanbia Plc. among others are investing extensively in the manufacturing and sale of Functional Protein, which presents a huge opportunity to Functional Protein suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Global Functional Protein Market Segmentation
The functional protein market based on source is sub-segmented into plant and animal. The animal segment has been holding a relatively larger market share due to its high demand for sports and fitness nutrition needs. By form, the market is divided into dry and liquid. The dry form has a stronger grasp over the market due to high demand for dietary supplements.
By application, the market has been sub-segmented into functional foods, functional beverages, dietary supplements and animal nutrition. Dietary supplements application is the fastest growing sub-segment among all other applications. Whey proteins as a supplement is preferred by most consumers. Rising health and wellness concerns, and increasing frequency of chronic diseases are major market drivers. North America currently holds the majority of the global functional proteins market due to heavy demand of functional proteins by their food processing industry. The Asia-Pacific region is projected to grow at the highest compound annual growth rate by 2022.
Kerry Group Plc, Arla Foods AMBA, Fonterra Co-Operative Group, Glanbia Plc, Koninklijke DSM N.V., Archer Daniels Midland Company and Frieslandcampina among others account for the major share in Functional Protein market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Saputo Ingredients, Apc Inc, Amco Proteins, and Abbott Nutrition.
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