Functional Proteins Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	160 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185568

Best Price Guarantee
Price	from $4,850
Length	160 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185568

Functional Proteins Market

Growth Factors of Functional Protein Market

The functional protein market size was valued at USD 8.18 billion in 2023, and the market is now projected to grow from USD 9.28 billion in 2024 to USD 28.02 billion by 2032, exhibiting a CAGR of 14.80% during the forecast period of 2023-2030.

This has impacted the finished products and consequently decreased the overall revenue of this market, which recorded below-average development. Lockdown measures restricted the transportation of all items worldwide. This has caused disruptions in the supply chain, and hence, many products sales were reduced. The making of the product stopped due to the scarcity of raw materials. The functional protein market growth drastically was affected by the COVID-19 pandemic.

The functional protein market share globally has been contributed due to the increasing demand for plant-based protein boosts market growth. New clients are changing preference towards plant proteins in the previous few years. Pea protein and soy protein are the major plant-based protein products that will offer promising expansion avenues. When it comes to alternative proteins, plants are the prime resource due to their minimum environmental impact and important health benefits.

A new trend of consuming alternative protein is optimistically supporting enlargement of the proteins business. Consumer awareness in alternative proteins, such as plant-based alternatives, grew steadily in the last decade. Thus, customers are purchasing vegan protein substitutes for meat and dairy products in increasing numbers. Meat replacement products have especially witnessed fast adoption by the population over the past few years. Besides, plant-based products such as soy, oat, rice, and nut beverages are trendy as protein sources are attracting many customers.

Comprehensive Analysis of Functional Protein Market

The functional protein market and food & beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the food additives & ingredients industry. These segmentations are methodically segregated by types of source and application. The source includes animal and plant. However, the application is functional food & beverages, animal feed, and dietary supplements.

The Asia Pacific region is conducive to the global functional protein market, leading to a recall of USD 2.90 billion because of the fiscal improvement. The existence of the developing countries such as China, India, Australia, and Japan are major contributors to the market expansion. The increasing population is also impelling the market expansion in this region.

The top players in the market play a crucial role in the food additives & ingredients industry assuring industrial prospectus growth and setting market standards. These players include DuPont Nutrition (Delaware, U.S.), Essentia Protein Solutions (Iowa, U.S.), Glanbia, Plc (Kilkenny, Ireland), ProtiFarm (Ermelo, Netherlands), ADM (Illinois, U.S.), AMCO Proteins (New Jersey, U.S.), DSM (Heerlen, Netherlands), Merit Functional Foods (Manitoba, Canada), Plantible Foods (San Marcos, U.S.), Roquette Frères (Lestrem, France), these market players provide a level-playing competitive landscape.

In March 2024, Protein Industries Canada announced a new project in partnership with HPS Food & Ingredients, Burcon NutraScience, and Puratos Canada to produce innovative ingredients by co-investment to cater the rising need for ingredients. These ingredients are improving the benefits of each sunflower and hemp flour by extracting protein isolates and concentrates.

Segmentation Table

Global Functional Protein Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 14.80% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Source

- Animal

- Plant

By Application

- Functional Food & Beverages

- Animal Feed

- Dietary Supplements

By Geography

- North America (By Source, By Application, and Country)

U.S. (By Source)
Canada (By Source)
Mexico (By Source)

- Europe (By Source, By Application, and Country)

France (By Source)
Spain (By Source)
U.K. (By Source)
Italy (By Source)
Germany (By Source)
Rest of Europe (By Source)

- Asia Pacific (By Source, By Application, and Country)

China (By Source)
India (By Source)
Japan (By Source)
South Korea (By Source)
Australia (By Source)
Rest of Asia Pacific (By Source)

- South America (By Source, By Application, and Country)

Argentina (By Source)
Brazil (By Source)
Rest of South America (By Source)

- Middle East and Africa (By Source, By Application, and Country)

UAE (By Source)
South Africa (By Source)
Rest of the Middle East & Africa (By Source)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Industry SWOT Analysis; 4.3. Supply Chain Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, and Mergers & Acquisitions; 4.5. Qualitative Analysis Related to COVID-19; 4.5.1. Impact of COVID-19 on the Market; 4.5.2. Supply Chain Challenges amidst Pandemic; 4.5.3. Potential Opportunities due to this Global Crisis
5. Global Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Source; 5.2.1.1. Animal; 5.2.1.2. Plant; 5.2.2. By Application; 5.2.2.1. Functional Food & Beverages; 5.2.2.2. Animal Feed; 5.2.2.3. Dietary Supplements; 5.2.3. By Region; 5.2.3.1. North America; 5.2.3.2. Europe; 5.2.3.3. Asia Pacific; 5.2.3.4. South America; 5.2.3.5. Middle East & Africa
6. North America Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Source; 6.2.1.1. Animal; 6.2.1.2. Plant; 6.2.2. By Application; 6.2.2.1. Functional Food & Beverages; 6.2.2.2. Animal Feed; 6.2.2.3. Dietary Supplements; 6.2.3. By Country (Value); 6.2.3.1. U.S; 6.2.3.1.1. By Source; 6.2.3.1.1.1. Animal; 6.2.3.1.1.2. Plant; 6.2.3.2. Canada; 6.2.3.2.1. By Source; 6.2.3.2.1.1. Animal; 6.2.3.2.1.2. Plant; 6.2.3.3. Mexico; 6.2.3.3.1. By Source; 6.2.3.3.1.1. Animal; 6.2.3.3.1.2. Plant
7. Europe Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Source; 7.2.1.1. Animal; 7.2.1.2. Plant; 7.2.2. By Application; 7.2.2.1. Functional Food & Beverages; 7.2.2.2. Animal Feed; 7.2.2.3. Dietary Supplements; 7.2.3. By Country (Value); 7.2.3.1. Germany; 7.2.3.1.1. By Source; 7.2.3.1.1.1. Animal; 7.2.3.1.1.2. Plant; 7.2.3.2. France; 7.2.3.2.1. By Source; 7.2.3.2.1.1. Animal; 7.2.3.2.1.2. Plant; 7.2.3.3. Italy; 7.2.3.3.1. By Source; 7.2.3.3.1.1. Animal; 7.2.3.3.1.2. Plant; 7.2.3.4. U.K.; 7.2.3.4.1. By Source; 7.2.3.4.1.1. Animal; 7.2.3.4.1.2. Plant; 7.2.3.5. Spain; 7.2.3.5.1. By Source; 7.2.3.5.1.1. Animal; 7.2.3.5.1.2. Plant; 7.2.3.6. Rest of Europe; 7.2.3.6.1. By Source; 7.2.3.6.1.1. Animal; 7.2.3.6.1.2. Plant
8. Asia Pacific Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Source; 8.2.1.1. Animal; 8.2.1.2. Plant; 8.2.2. By Application; 8.2.2.1. Functional Food & Beverages; 8.2.2.2. Animal Feed; 8.2.2.3. Dietary Supplements; 8.2.3. By Country (Value); 8.2.3.1. China; 8.2.3.1.1. By Source; 8.2.3.1.1.1. Animal; 8.2.3.1.1.2. Plant; 8.2.3.2. India; 8.2.3.2.1. By Source; 8.2.3.2.1.1. Animal; 8.2.3.2.1.2. Plant; 8.2.3.3. Japan; 8.2.3.3.1. By Source; 8.2.3.3.1.1. Animal; 8.2.3.3.1.2. Plant; 8.2.3.4. Australia; 8.2.3.4.1. By Source; 8.2.3.4.1.1. Animal; 8.2.3.4.1.2. Plant; 8.2.3.5. Rest of Asia Pacific; 8.2.3.5.1. By Source; 8.2.3.5.1.1. Animal; 8.2.3.5.1.2. Plant
9. South America Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Size Estimates and Forecast; 9.2.1. By Source; 9.2.1.1. Animal; 9.2.1.2. Plant; 9.2.2. By Application; 9.2.2.1. Functional Food & Beverages; 9.2.2.2. Animal Feed; 9.2.2.3. Dietary Supplements; 9.2.3. By Country (Value); 9.2.3.1. Brazil; 9.2.3.1.1. By Source; 9.2.3.1.1.1. Animal; 9.2.3.1.1.2. Plant; 9.2.3.2. Argentina; 9.2.3.2.1. By Source; 9.2.3.2.1.1. Animal; 9.2.3.2.1.2. Plant; 9.2.3.3. Rest of South America; 9.2.3.3.1. By Source; 9.2.3.3.1.1. Animal; 9.2.3.3.1.2. Plant
10. Middle East & Africa Functional Protein Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Source; 10.2.1.1. Animal; 10.2.1.2. Plant; 10.2.2. By Application; 10.2.2.1. Functional Food & Beverages; 10.2.2.2. Animal Feed; 10.2.2.3. Dietary Supplements; 10.2.3. By Country (Value); 10.2.3.1. South Africa; 10.2.3.1.1. By Source; 10.2.3.1.1.1. Animal; 10.2.3.1.1.2. Plant; 10.2.3.2. UAE; 10.2.3.2.1. By Source; 10.2.3.2.1.1. Animal; 10.2.3.2.1.2. Plant; 10.2.3.3. Rest of Middle East & Africa; 10.2.3.3.1. By Source; 10.2.3.3.1.1. Animal; 10.2.3.3.1.2. Plant
11. Competitive Matrix: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Functional Protein Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles: 12.1. DuPont Nutrition; 12.1.1. Overview; 12.1.2. Description; 12.1.3. Product Portfolio; 12.1.4. Financials (Data as available in public domain and/or on paid databases); 12.1.5. Recent Developments; 12.2. Essentia Protein Solutions; 12.2.1. Overview; 12.2.2. Description; 12.2.3. Product Portfolio; 12.2.4. Financials (Data as available in public domain and/or on paid databases); 12.2.5. Recent Developments; 12.3. Glanbia plc; 12.3.1. Overview; 12.3.2. Description; 12.3.3. Product Portfolio; 12.3.4. Financials (Data as available in public domain and/or on paid databases); 12.3.5. Recent Developments; 12.4. ProtiFarm; 12.4.1. Overview; 12.4.2. Description; 12.4.3. Product Portfolio; 12.4.4. Financials (Data as available in public domain and/or on paid databases); 12.4.5. Recent Developments; 12.5. ADM; 12.5.1. Overview; 12.5.2. Description; 12.5.3. Product Portfolio; 12.5.4. Financials (Data as available in public domain and/or on paid databases); 12.5.5. Recent Developments; 12.6. AMCO Proteins; 12.6.1. Overview; 12.6.2. Description; 12.6.3. Product Portfolio; 12.6.4. Financials (Data as available in public domain and/or on paid databases); 12.6.5. Recent Developments; 12.7. DSM; 12.7.1. Overview; 12.7.2. Description; 12.7.3. Product Portfolio; 12.7.4. Financials (Data as available in public domain and/or on paid databases); 12.7.5. Recent Developments; 12.8. Merit Functional Foods; 12.8.1. Overview; 12.8.2. Description; 12.8.3. Product Portfolio; 12.8.4. Financials (Data as available in public domain and/or on paid databases); 12.8.5. Recent Developments; 12.9. Plantible Foods; 12.9.1. Overview; 12.9.2. Description; 12.9.3. Product Portfolio; 12.9.4. Financials (Data as available in public domain and/or on paid databases); 12.9.5. Recent Developments; 12.10. Roquette Frères; 12.10.1. Overview; 12.10.2. Description; 12.10.3. Product Portfolio; 12.10.4. Financials (Data as available in public domain and/or on paid databases); 12.10.5. Recent Developments
13. Appendix