Functional Protein Market size is forecast to reach $5.47 billion by 2025, growing at a CAGR of 7.8% during the forecast period 2020-2025. Functional food is conventional food that is consumed as part of the diet, which along with nutrition, provides various health benefits. Protein is added to functional food products to offer health benefits such as curbing the appetite in order to help toward weight management. Rising demand for nutraceuticals and growing awareness towards maintaining a healthy diet and enhancing the nutritional value of the human body are the major factors driving the growth of the market. The increasing popularity of sports nutrition functional foods and dietary supplements among working professionals is estimated to increase the consumption of protein-enriched foods that is set to further enhance the overall market demand for Functional Protein Market during the forecast period 2020-2025.
Type – Segment Analysis
The Hydrosylate held the largest share in the Functional Protein Market in 2019 and is estimated to grow at a CAGR of 6.9% during the forecast period 2020-2025. Hydrolysate refers to any product of hydrolysis. Protein hydrolysate has special application in sports medicine owing 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. It is also used in the biotechnology industry as a supplement to cell cultures. These products are prebiotic, anti-micro biotic, antioxidants, and hypertensive protein products aimed at use in manufacturing products for infant and clinical nutrition. However, the high price of hydrolysates as compared to other whey product forms are projected to limit their market reach in the near future. Casein is a source of various functional peptides comprising various properties such as structure formation, water binding, foaming, heat stability, and emulsification. Furthermore, casein derivatives are employed in the food as well as the non-food application segments including animal nutrition where they provide functional benefits. The whey protein is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025 owing to its properties as an ideal protein source as it is carbohydrate-free, fat-free, and almost lactose-free and cholesterol-free.
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Applications – Segment Analysis
The Functional Food held the largest share in the Functional Protein Market in 2019. Functional foods are foods that have a potentially positive effect on health beyond basic nutrition. Proponents of functional foods promote optimal health and help reduce the risk of disease. The growing importance of nutritional fortification in the food processing industry on a global level as a result of fluctuating climate patterns and hectic work life is estimated to force buyers to target new convenience food products fortified with functional proteins. Dietary supplements are substances which is used to add nutrients to diet or to lower the risk of health problems, like osteoporosis or arthritis. Dietary supplements come in the form of pills, capsules, powders, gel tabs, extracts, or liquids. They might contain vitamins, minerals, fiber, amino acids, herbs or other plants, or enzymes. Functional Food is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Geography – Segment Analysis
North America dominated the Functional Protein Market in 2019 with a share of more than 39.8% , followed by the Asia Pacific owing to the increasing consumption of functional foods and dietary supplements. Changing lifestyle of consumers and the rapid growth of the middle-class population along with the increasing consumer awareness about health and fitness is increasing the growth of the functional protein market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the rising popularity of sports nutrition and weight management nutrition. Concerns related to health and increasing demand for nutrition products among youth is also increasing the demand for the functional protein market in this region.
Drivers – Functional Protein Market
Increased consumption of plant-sourced proteins such as soy protein and pea protein and increasing consumption of functional foods and dietary supplements
Increased consumption of plant-sourced proteins such as soy protein and pea protein and increasing consumption of functional foods and dietary supplements is increasing the demand for functional protein market. A dietary supplement is a manufactured product intended to supplement the diet when taken by mouth as a pill, capsule, tablet, or liquid. A supplement can provide nutrients either extracted from food sources or synthetic, individually or in combination, to increase the quantity of their consumption. The class of nutrient compounds includes vitamins, minerals, fibre, fatty acids, and amino acids. Dietary supplements can also contain substances that have not been confirmed as being essential to life but are marketed as having a beneficial biological effect, such as plant pigments or polyphenols. Animals can also be a source of supplement ingredients, as collagen from chickens or fish. These are also sold individually and in combination, and can be combined with nutrient ingredients. The growing interest in plant proteins as an alternative to animal proteins is owing to their comparatively low cost as well as the increase in consumers’ demands originating from health and environmental concerns, and vegetarianism trends. Thus, increasing the growth of the functional protein market during the forecast period 2020-2025.
Rising demand for nutraceuticals and growing awareness towards maintaining a healthy diet and enhancing the nutritional value of human body
Rising demand for nutraceuticals and growing awareness towards maintaining a healthy diet and enhancing the nutritional value of the human body is increasing the growth of the functional protein market. Nutraceuticals are defined as health supplements that help to improve health, prevent chronic diseases, increase life expectancy, or support the structure or function of the body. The demand for nutraceuticals has subsequently gone up owing to the increasing use of health and wellbeing products in day to day life to improve overall health. Functional food enriches with probiotic and prebiotic ingredients are consumed for maintaining gut health. Additionally, functional foods help to reduce the risk of diabetes and cardiovascular diseases and also provide physiological benefits. Consumers prefer to consume nutraceuticals rather than pharmaceutical drugs to prevent various diseases. The current trend among consumers to take preventive action to minimize the possibility of chronic diseases such as cancer, obesity, diabetes, allergy, alzheimer’s, eye, immune, inflammatory, and Parkinson’s diseases further boost the demand for nutraceuticals. Thus, increasing the growth of the functional protein market during the forecast period 2020-2025.
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Challenges – Functional Protein Market
Increasing allergic disease of plants or outburst of diseases in poultry as plants and animals are the primary sources of functional proteins
Some of the factors that can impede the growth of the Functional Protein Market are increasing allergic disease of plants or outburst of diseases in poultry as plants and animals are the primary sources of functional proteins
Functional Protein Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Functional Protein Market. In 2019, the Functional Protein Market share is consolidated by the top ten players present in the market. Functional Protein, the top 10 companies are Koninklijke DSM N.V., Cargill, BASF, Ingredion, Roquette Frères, SunOpta, Darling Ingredients., Omega Protein Corporation, DowDuPont, Kemin Industries, Inc., InVivo, and John Pointon & Sons Ltd. among others.
In January 2019, Cargill completed the acqusitions of Poland’s Konspol strengthening its value added offering.
North America dominated the Functional Protein Market in 2019 owing to the increasing consumption of sports nutrition drinks and technological advancements adopted by the key players present in this region. The Functional Protein Market scope for different regions will be provided in the final report.
Increased consumption of plant-sourced proteins such as soy protein and pea protein and increasing consumption of functional foods and dietary supplements is likely to aid in the market growth of the Functional Protein Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Functional Protein Market report.
The increasing allergic disease of plants or outburst of diseases in poultry as plants and animals which are the primary sources of functional proteins is poised to create hurdles for the Functional Protein Market.
Related Reports :
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B. Protein Ingredients Market
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