Functional Proteins Market Analysis, Size, Share, Trends and Forecast to 2025

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MarketsandMarkets Presents
Functional Proteins Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/functional-protein-market-140299581.html

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The report "Functional Proteins Market by Type
(Whey Protein Concentrates, Isolates,
Hydrolysates, Casein, Soy Protein), Source
(Animal, Plant), Form (Dry, Liquid), Application
and Region Trends and Forecast to 2025"
According to MarketsandMarkets, 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. Browse 246 market data Tables and 60
Figures spread through 261 Pages and in-depth TOC
on "Functional Proteins Market Trends and
Forecast to 2025" 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 North American
region dominates the functional proteins market
with the largest share in 2020. 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. Download PDF Brochure
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• Report Objectives
• Determining and projecting the size of the
  functional proteins market, with respect to type,
  application, form, source, and regional markets,
  over a five-year period, ranging from 2020 to
  2025
• Identifying the attractive opportunities in the
  market by determining the largest and
  fastest-growing segments across the region
• Providing detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• Providing the regulatory framework for major
  countries related to the functional proteins
  market
• Analyzing the micro-markets, with respect to
  individual growth trends, prospects, and their
  contribution to the total market
• Identifying and profiling the key players in the
  functional proteins market
• Market Dynamics
• Drivers Rise in prevalence of chronic lifestyle
  diseases to drive the market growth
• Consumers across regions have become more
  health-conscious and are focusing on adopting a
  healthier balanced diet. This shift in consumer
  preferences has risen on account of the high
  degree of chronic diseases prevailing in the
  population. Diseases like diabetes, cholesterol
  anomalies, and obesity are key factors that are
  projected to drive the overall functional
  proteins market.
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Restraints High cost of functional
proteins Science and technology are helping
people identify foods that will help people
manage their weight and overall health.
Functional food and dietary supplements involve
significantly high costs, which could act as a
restraint for the growth of the functional
proteins market. These products being less
economic might restrict the growth of the market,
particularly in price-sensitive countries such as
South Africa and Mexico. Also, animal-based
proteins are facing restraints as the vegan
population is on the rise and the health benefits
of vegetarianism are trending among consumers.
The rising demand for plant-based proteins is
having an adverse effect on the sale and
consumption of animal-based proteins, which is
hindering market growth. Challenges Consumer
skepticism associated with off-taste of
functional proteins Although functional proteins
provide multiple health benefits and streamline
the diet, they have an off-putting taste which
might not be preferred by some consumers. This
factor poses a challenge for the functional
proteins industry as aversion towards taste of
products is a difficult bar to overcome. Also,
the unawareness among rural and semi-urban
consumers about functional proteins and the lack
of education regarding the same discourages key
players from investing. Due to this challenge,
manufacturers are focusing on developing
different formulations of proteins, with rigorous
RD to mitigate the aversion of consuming
functional food and beverages. Make an Inquiry
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• The functional food segment, by application, is
  projected to witness significant growth during
  the forecast period.
• The deficiency of proteins in adults is one of
  the key factors that have led to the rise in the
  consumption of functional food products among
  adults. This deficiency is mainly due to the
  untimely schedules and hectic lifestyles of
  comsumers, which leads to unhealthy eating habits
  and irregular diets. As a result, there is a
  demand for healthy, on-the-go functional food
  products which significantly reduce consumption
  time while providing essential nutrition.
• Key Market Players
• Key players in this market include ADM (US),
  DuPont (US), Cargill (US), Ingredion (US), Arla
  Foods (UK), Roquette (France), BASF (Germany),
  Glanbia (Ireland), Fonterra (New Zealand), DSM
  (Netherlands), FrieslandCampina (Netherlands),
  Essentia Protein Solutions (UK), Amai Proteins
  (Israel), Mycorena (Sweden), Merit Functional
  Foods (Canada), Plantible Foods (US), BENEO
  (Germany), ProtiFarm (Gelderland), Omega Protein
  (US).
• Recent Developments
• December 2020, Cargill expanded its European
  ingredient portfolio with the addition of pea
  protein. This product launch enabled Cargill to
  get access to the pea protein market.
• November 2020, Ingredion acquired Verdient Foods
  (Vanscoy, SK) with 100 ownership. The
  acquisition enabled net sales growth and expanded
  the manufacturing capability of Ingredion, with
  the addition of two manufacturing facilities in
  Canada. 
• Speak to Analyst https//www.marketsandmarkets.co
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