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Functional Proteins Market Size, Share, Growth Analysis, Industry Outlook, Leading Players, and Forecast to 2025

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Functional Proteins Market Size, Share, Growth Analysis, Industry Outlook, Leading Players, and Forecast to 2025

December 13
20:24 2022
Functional Proteins Market Size, Share, Growth Analysis, Industry Outlook, Leading Players, and Forecast to 2025
MarketsandMarkets™
North America is projected to hold the largest share in the functional proteins market. This dominance is driven by the prevalence of chronic diseases due to the hectic lifestyles and increasing awareness among consumers regarding the health benefits of consuming functional proteins.

The global Functional Proteins Market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period. The demand for functional proteins is increasing significantly owing to changing consumer preferences due to rising health awareness. Furthermore, the rising income level among the millennial population has made consumers able enough to afford the purchase of health-beneficiary functional food products to streamline their diets.

Functional Proteins Market

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The demand for functional proteins is increasing significantly owing to the shift in consumers’ food-related preferences and rising prevalence of chronic diseases. Rising health awareness and increase in disposable income across the globe are key factors that are driving the growth of the functional proteins market. The millennial population is capturing a large share of the market as the ongoing health and wellness trend ergo the surging internet penetration is altering consumer preferences and moving towards adapting protein-infused functional foods into their diets in order to maintain quality of life.

The key players in this market include ADM (US), DuPont (US), Cargill US), DSM (Netherlands), BASF (Germany), Fonterra (New Zealand), FrieslandCampina (Netherlands), Glanbia (Ireland), Arla Foods (UK), Ingredion (US), Roquette (France), and Essentia Protein Solutions (UK).

ADM (US) offers a wide range of functional proteins having applications in human and animal nutrition. The company operates through four business segments, and it offers functional proteins under the nutrition segment. Their product portfolio is exhaustive and includes a wide array of soy proteins, wheat proteins, wheat gluten and pea proteins. The company offers products in over 200 countries across the Americas, Europe, and Asia Pacific. It operates through 800 manufacturing facilities and processing plants across the globe. ADM showcases high brand recognition and is one of the most recognized players in the global functional proteins market.

DuPont (US) is a global chemical company based out of the US. It operates in four business segments, namely nutrition and biosciences, transportation and industrial, electronics and imaging, safety and construction. Functional proteins are offered under the nutrition and biosciences segment. The company houses a vast portfolio of plant-based proteins, including carob, soy and pea proteins. It has a strong and global consumer base with various brands under their umbrella. It has a geographic reach encompassing 175 locations across South America, North America, Africa, Asia Pacific, Europe, and the Middle East.

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North America is projected to hold the largest share in the functional proteins market. This dominance is driven by the prevalence of chronic diseases due to the hectic lifestyles and increasing awareness among consumers regarding the health benefits of consuming functional proteins. Also, obesity is on the rise among the North American population, especially the US. According to the CDC, in the US, the obesity prevalence was 39.8% and affected about 93.3 million adults between 2015 and 2016. Such factors are projected to drive the growth of the functional proteins market.

Related Reports: 

Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Isolates, and Soy Flours), Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, Infant Foods, and Feed), and Region – Forecast to 2022

Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form & Region – Global Forecast to 2027

Pea Processed Ingredients Market Report Till 2026: By Type (Pea protein (Isolates, Concentrates and Textured), Pea starch, Pea fiber, Pea Flour), Application (Food & Beverages), Source (Yellow split peas, chickpeas and lentils), and Region

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