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.
New York, NY -- (SBWIRE) -- 02/25/2021 -- 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. Functional protein manufacturer's ability to develop separate isolates, concentrates and other forms of protein ingredients for various food products such as beverages, infant formula, dairy products, dietary supplements and confectionery products is estimated to drive the growth of the market during the forecast period.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
Get a FREE Report Sample with Table of Contents and Figures @ https://www.reportsanddata.com/sample-enquiry-form/1036
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.
Based on source type, the market for animal segment is expected to reach USD 3.69 billion in 2026, at a CAGR of 6.1% during the forecast period. Compared to plant-derived proteins, demand for animal protein is driven by its better nutritional and flavor profile. In addition, the increasing use of animal protein in end-use applications such as sports nutrition and the limited availability of egg and gelatin substitutes in various food products–which, in turn, is influenced by lifestyles and demographic shifts–are key drivers of the market
Based on the regions, the report covers the following regions:
North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Terrain:
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)
Hydrolysates
Whey Protein Concentrates
Whey Protein Isolates
Casein & Caseinates
Soy Protein
Others
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
Functional foods
Functional beverages
Dietary supplements
Animal nutrition
Source Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Animal
Plant
Form Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
Dry
Liquid
To get an exclusive discount on the report, visit @ https://www.reportsanddata.com/discount-enquiry-form/1036
Radical Features of the Functional Proteins Market Report:
Valuable insights into the Functional Proteins market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Functional Proteins industry
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 Source Insights & Trends
Chapter 8. Functional Proteins Market By Form Insights & Trends
Chapter 9. Functional Proteins Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/checkout-form/1036
Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.
Have a Look at Related Reports:
Cancer Stem Cell Therapeutics Market Share
Cultured Meat Market Growth
Polyaspartic Coatings Market Analysis
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.