Functional Protein Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2032

functional protein market is experiencing a surge in popularity, driven by a growing emphasis on health and wellness

VANCOUVER, BRITISH COLUMBIA, CANADA, June 26, 2024 /EINPresswire.com/ -- The global functional protein market¹ is experiencing a surge in popularity, driven by a growing emphasis on health and wellness. A recent report by Emergen Research estimates the market size at USD 7.30 billion in 2022, with projections indicating a robust CAGR of 14.5%, reaching a staggering USD 28.15 billion by 2032. This press release delves into the key trends, drivers, and opportunities shaping the functional protein market landscape.

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Market Overview and Trends

Functional proteins are protein-based ingredients that offer additional health benefits beyond basic nutrition. They are incorporated into various food and beverage products, dietary supplements, and animal feed. Consumers are increasingly seeking convenient and effective ways to improve their health, and functional proteins cater to this demand by providing targeted benefits like:

Muscle building and recovery

Weight management

Digestive health

Improved immunity

Enhanced cognitive function

Drivers of Market Growth

Several factors are fueling the expansion of the functional protein market:

Rising health consciousness: Consumers are becoming more informed about the importance of protein for overall health and wellbeing.

Growing demand for preventive healthcare: The increasing prevalence of chronic diseases like obesity and diabetes is driving the adoption of functional proteins as a preventative measure.

Sports nutrition boom: The popularity of fitness activities is boosting the demand for protein supplements to support muscle growth and recovery.

Innovation in product offerings: Manufacturers are constantly developing new and innovative functional protein products with diverse flavors, textures, and functionalities.

Plant-based protein trend: The growing preference for vegan and vegetarian diets is increasing the demand for plant-based protein sources like pea, soy, and hemp.

Restraints and Challenges

Despite the positive outlook, the market faces some challenges:

High cost: Functional protein products can be expensive compared to traditional protein sources, potentially limiting accessibility for some consumers.

Regulatory hurdles: Stringent regulations regarding health claims and product safety can hinder market growth in certain regions.

Lack of awareness: While consumer interest is rising, some may still lack complete understanding of the benefits offered by functional proteins.

Growth Opportunities

The functional protein market presents a plethora of opportunities:

Emerging markets: The Asia Pacific region is expected to witness significant growth due to rising disposable income and increasing health awareness.

Expansion into new applications: Functional proteins can be integrated into a wider range of products, such as bakery goods, snacks, and beverages.

Technological advancements: Advancements in processing techniques can improve the functionality, taste, and affordability of functional protein ingredients.

Increased focus on personalized nutrition: Developing customized protein blends tailored to individual needs could unlock new market segments.

Key Market Insights – A SWOT Analysis

Strengths:

Diverse range of functional benefits

Growing consumer demand for health and wellness products

Strong research and development efforts in the industry

Weaknesses:

High price point compared to traditional protein sources

Regulatory restrictions on health claims

Limited consumer knowledge in certain regions

Opportunities:

Expansion into new applications and markets

Rising popularity of plant-based protein sources

Technological advancements in protein processing

Growing interest in personalized nutrition

Threats:

Fluctuations in raw material prices

Intense competition within the market

Stringent regulations impacting product development and launch

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Strategic Developments and M&A Activity

On 21 March 2022, CP Kelco, a leading nature-based ingredient solutions company, and food ingredient startup Shiru, Inc. announced a new partnership to accelerate the transition to a sustainable food system by discovering and developing next-generation plant-based proteins using precision fermentation technology. Through this partnership, the company will enable food producers to produce delicious, nutritious, and sustainable foods that have a fraction of the environmental impact of traditional, animal-derived foods.

Functional Protein Top Companies and Competitive Landscape

The global functional protein market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market.

Some major players included in the global Functional Protein market report are:

ADM

DuPont

Cargill, Incorporated

Ingredion

Arla Foods Amba

Roquette Frères

BASF SE

Glanbia PLC.

Fonterra Co-operative Group Limited

DSM

Functional Protein Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global functional protein market on the basis of product type, source, functionality, application, certifications and labels, consumer preference, distribution channel, and region:

Product Type Outlook (Revenue, USD Billion; 2019–2032)

Protein Bars

Protein Powder

Protein Drinks and Shakes

Functional Foods

Protein Supplements

Source Outlook (Revenue, USD Billion; 2019–2032)

Animal

Plant

Microbial

Functionality Outlook (Revenue, USD Billion; 2019–2032)

Muscle Building and Recovery

Weight Management

Digestive Health

Bone Health

Immune Support

Cardiovascular Health

Anti-Aging

Application Outlook (Revenue, USD Billion; 2019–2032)

Functional Food

Functional Beverages

Dietary Supplements

Sports Nutrition

Personal Care and Cosmetics

Pharmaceuticals

Certifications and Labels Outlook (Revenue, USD Billion; 2019–2032)

Organic

Non-Genetically Modified Organisms (GMO)

Gluten-Free

Consumer Preferences Outlook (Revenue, USD Billion; 2019–2032)

Vegan and Vegetarian

Allergen-Free

Low-Carb

Low-Sugar

High-Fiber

Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)

Online Retails

Brick-and-Mortar Stores

Specialty Stores

Health and Fitness Centers

Direct-to-Consumer (DTC) Sales

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Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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¹ https://www.emergenresearch.com/industry-report/functional-protein-market