Rising importance of protein-fortified convenience foods as a result of extensive advertising campaigns by nutraceutical suppliers in e-commerce portals and electronics media is expected to have a substantial impact. The Global Functional Proteins Market is expected to reach USD 7.45 billion by 2025, growing at a CAGR of 7.5%, according to a new report by Grand View Research, Inc.
Furthermore, the increasing market penetration of powdered drink mixes as a result of product innovation by companies including General Foods Corporation is expected to play a crucial role in promoting the functional proteins consumption in the near future.
Whey protein isolates (WPI) accounted for 26.1% of global industry share in 2016. The segment is expected to witness significant gains owing to the introduction of the product forms in vanilla and chocolate flavors on a global level. Furthermore, increasing awareness towards enhancing muscular strength among athletes as well as gym professionals in emerging markets including Mexico, South Africa, China, and India is expected to broaden the application scope of WPI as sports nutrition goods over the next eight years.
Dry forms are projected to foresee revenue growth at a CAGR of 7.2% from 2017 to 2025. Rising R&D spending towards the processing of spray-dried serum (SDS), spray-dried plasma (SDP) and globulin concentrate which are processed to use as colostrum supplements or replacers for feeding calves is expected to open the new avenues.
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Asia Pacific is projected to witness high revenue growth at a CAGR of 8.2% from 2017 to 2025. Significant gains in functional food & beverage production in China, India, and Malaysia as a result of favorable government policies including the reduction in import duties of consumables or equipment, to promote the foreign investments is expected to play a fundamental role in increase the fortification of functional nutrition ingredients.
Top Players of Functional Protein Market:
Major manufacturers include Kerry Group, Fonterra, Arla Foods AMBA, Glanbia, Saputo Ingredients APC Inc., and Friesland Campina.
Market Segmentation of Functional Protein Market:
The Global Functional Proteins Market on the basis of Product, Form, Application, and Region.
By Product:
Hydrolysates
Whey Protein Concentrates (WPC)
Whey Protein Isolates (WPI)
Casein & Caseinates
Soy Protein
By Form:
Dry
Liquid
By Application:
Functional Foods
Functional Beverages
Dietary Supplements
Animal Nutrition
By Region:
North America
Europe
Asia Pacific
RoW
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