Albany, NY -- (SBWIRE) -- 08/10/2017 -- Functional proteins have the ability to carry out metabolic processes. The tertiary structure of proteins is called as the functional protein. The major function of functional proteins is to break down and build up the tissues for structural integrity while helping to build the cell walls of plants, humans and bacteria.

The global market for functional proteins is segmented on the basis of type, source, form and application. Based on type, the global market for functional proteins is segregated into soy protein, whey protein isolates, whey protein concentrates, casein & caseinates, hydrolysates and others. Whey protein concentrates held majority market share in 2016 and is anticipated to witness a steady growth rate during the forecast period. This is attributed to its less cost and easy availability as compared to other types of functional proteins. Soy protein is forecast to witness a rapid growth rate during the forecast period.

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Based on source, the global functional proteins market is segregated into animal protein and plant protein. Animal protein is further sub-divided into egg protein, dairy protein and gelatin. Plant protein is further sub-divided into vegetable protein, wheat protein and soy protein. Animal protein held the majority market share in the functional proteins market in 2016 and is anticipated to witness a steady growth rate during the forecast period. This is attributed to increasing use of animal proteins in applications such as sports nutrition. Plant protein is anticipated to witness a fast growth during the forecast period. This is attributed to its natural source and huge applications in dietary supplements.

Based on form, the global market for functional proteins is segregated into liquid functional proteins and dry functional proteins. Dry form of functional proteins held majority market share in 2016 and is anticipated to witness a steady growth rate during the forecast period. This is attributed to increasing use of dry form of functional proteins in dietary supplements. Dry functional proteins are also forecast to witness the most rapid growth rate during the forecast period owing to continued high demand in various end-use applications. Based on application, the global market for functional proteins is segregated into functional foods, functional beverages, dietary supplement and animal nutrition. Dietary supplements held majority market share in the functional proteins market in 2016 and is anticipated to witness a substantial growth during the forecast period. This is attributed to increasing incidents of chronic diseases, rising health consciousness and growing ageing population. Demand for dietary supplements is high in this segment of consumers. Functional beverage is expected to witness the most rapid growth rate during the forecast period. This is attributed to increased engagement of consumers in various sports and health activities in order to be healthy and fit.

Major factors driving the demand for functional proteins include growing consumer awareness towards a healthy diet. Rising population of health conscious consumers is a major factor for the rise in the demand for functional proteins. Increasing instances of chronic diseases is also driving the market in a positive way. With heart diseases, cholesterol and obesity increasing rapidl, demand for dietary supplements is boosting worldwide. Functional protein being one of the major ingredients in dietary supplements, is witnessing considerable growth in demand as a result. This is acting as a major driver to the global market for functional proteins. Stringent government regulations on animal proteins in major regions such as Europe and Asia Pacific are a major restraint restraining the global market for functional proteins. Growing demand for functional proteins in emerging regions such as Middle East and Latin America is proving to be a major opportunity to the global market for functional proteins.

Geographically, the global functional proteins market is segregated into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific held majority market share in 2016 for functional proteins and is anticipated to witness a steady growth rate during the forecast period. Increasing awareness about health and wellness is a major reason for the dominant market share in this region. North America and Europe are steady markets for functional proteins, while Middle East and Latin America are expected to be lucrative markets for functional proteins by the end of the forecast period

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Major players of the global functional proteins include, Cargill Inc. (U.S.), Kerry Group Plc (Republic of Ireland), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Abbott Laboratories (U.S.), Arla Foods (Denmark), Fonterra Co-Operative Group (New Zealand) and Saputo Ingredients (Canada) among others.

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