The Functional Proteins Market is forecast to grow from USD 4.48 billion in 2018 to USD 7.12 billion by 2026, at a CAGR of 5.8%, during the forecast period. The market is primarily driven by increased demand for sports and fitness nutrition from animal-derived proteins and the development of various protein ingredients such as concentrates and isolates for food industry applications. Due to the increasing demand for food products with enhanced functionalities, functional proteins are used in various applications such as dietary supplements and food & beverages.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Functional Proteins market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Functional Proteins business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Functional Proteins in the coatings and paints are driving the market. The increasing usage of bio-based Functional Proteins will also supplement Functional Proteins market revenue share through 2027
Further key findings from the report suggest
The Functional Proteins Market is forecasted to grow from USD 4.48 billion in 2018 to USD 7.12 billion by 2026, at a CAGR of 5.8%, during the forecast period. The market is primarily driven by increased demand for sports and fitness nutrition from animal-derived proteins and the development of various protein ingredients such as concentrates and isolates for food industry applications.
The market for whey protein concentrates is expected to grow the largest at USD 1.60 billion in 2026, at a CAGR of 6.8% during the forecast period. Whey protein is one of the main ingredients used in the production of several milk-based products and is used as a protein source for product innovation by many food & beverage manufacturers.
The market for dietary supplements is estimated to hold the largest market and is expected to reach USD 2.82 billion in 2026, at a CAGR of 8.9% during the forecast period. These additives are available in the form of liquid, powders, capsules and tablets. The intake of nutritional supplements such as protein powder has recently increased. This promotes muscle gain and facilitates loss of fat, and most fitness enthusiast prefers it.
The global Functional Proteins market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Functional Proteins market are listed below:
Koninklijke DSM (Netherlands), Archer Daniels Midland Co., (US), Cargill, Inc. (US), BASF S.E. (Germany), Ingredion Inc. (US), Roquette Frères (France), Darling Ingredients Inc. (US), Omega Protein Corp. (US), DowDuPont (US), Kemin Industries Inc. (US), InVivo (France), John Pointon & Sons Limited (UK) and others.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Whey Protein Concentrates
Whey Protein Isolates
Casein & Caseinates
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
Source Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Form Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
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Key Takeaways from the Global Functional Proteins Market report:
The global Functional Proteins market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Functional Proteins market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Functional Proteins Market Segmentation & Impact Analysis
Chapter 5. Functional Proteins Market, By Type Insights & Trends
Chapter 6. Functional Proteins Market, By Application Insights & Trends
Chapter 7. Functional Proteins Market, By End Use Insights & Trends
Chapter 8. Functional Proteins Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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