Functional Proteins Market Size - By Type (Whey Protein, Casein Protein, Soy Protein, Pea Protein, Collagen Protein, Egg Protein), Application, Functionality, Regional Insights & Forecast, 2023 - 2032

Functional Proteins Market Size - By Type (Whey Protein, Casein Protein, Soy Protein, Pea Protein, Collagen Protein, Egg Protein), Application, Functionality, Regional Insights & Forecast, 2023 - 2032

Global Functional Proteins Market size will expand at 6.2% CAGR from 2023 to 2032, attributed to the rising aging population. According to the UN Department of Economic and Social Affairs, the global population aged 65 and older could increase from 10% in 2022 to 16% by 2050. By 2050, the elderly population is anticipated to surpass the count of children under 5 by more than double and be roughly equivalent to the number of children under 12.

As individuals age, there is a greater emphasis on maintaining and improving overall health, including addressing age-related issues like muscle loss and joint health. Functional proteins are increasingly sought after for their potential to address these concerns, leading to a growing demand for protein-based supplements and products tailored to the needs of an aging demographic.

The overall functional proteins market share is segregated based on type, functionality, application, and region.

Functional casein protein industry will record a notable valuation by 2032 due to the versatile applications of casein proteins across various industries. In the food and beverage sector, it serves as an excellent source of slow-digesting protein, aiding in muscle recovery and satiety. In addition, the cosmetic and pharmaceutical industries use casein for its emulsifying and gelling properties. As consumers increasingly prioritize health and wellness and industries explore innovative uses, the demand for functional casein protein continues to grow.

The dietary supplements segment will amass a noteworthy share of the functional proteins market by 2032, driven by consumers' growing focus on health and fitness. Functional proteins offer benefits such as muscle support, weight management, and overall well-being, making them popular among those seeking to improve their health and nutrition. Additionally, as more people adopt active lifestyles and personalized nutrition plans, the demand for dietary supplements containing functional proteins continues to rise, catering to a diverse range of wellness goals.

Europe functional proteins industry is witnessing robust growth due to several key factors. There's a growing emphasis on health and wellness, leading to increased consumer demand for protein-rich functional foods and supplements. In addition, the European Union's regulations promoting the use of functional ingredients in food products have boosted innovation and product development. For instance, protein-enriched dairy products, plant-based protein alternatives, and sports nutrition supplements have gained popularity across the region, contributing to the industry's healthy growth.