FUNCTIONAL PROTEIN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global functional protein market is estimated to be valued at USD 5.1 Bn in 2024 and exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031. The global functional protein market has been witnessing substantial growth over the past few years due to the rising awareness about fitness and protein's importance in daily diet. Functional proteins aid in managing weight, building muscle mass, and improving immunity. Growing health-consciousness among consumers and availability of plant-based proteins are some of the key factors driving the increased consumption of functional proteins globally. Additionally, the market has gained traction due to innovations in protein enrichment and fortification by manufacturers. However, high prices of functional proteins limit their adoption in price-sensitive markets.

Market Dynamics

The global functional protein market is driven by the growing consumer base of fitness enthusiasts and athletes who consume protein supplements to build muscle mass. Rising income levels coupled with health and wellness trends have also fueled the sales of functional proteins. Moreover, increasing product innovations with attributes like low-calorie, vegan-friendly, sugar-free, and others are creating new opportunities in this market. However, high prices of functional proteins as compared to conventional proteins act as a restraint. Lack of awareness in rural areas hampers the market growth. Functional protein manufacturers are focusing on improving taste and sensations to attract more consumers.

Key Features of the Study

• This report provides an in-depth analysis of the global functional protein market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global functional protein market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ADM, Cargill, Ingredion, Arla Foods, Roquette, BASF, Glanbia, Fonterra, DSM, FrieslandCampina, Essentia Protein Solutions , Amai Proteins, Mycorena, Merit Functional Foods, Plantible Foods, BENEO, ProtiFarm, and Omega Protein
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global functional protein market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation:

• By Type:
  • Whey Protein
  • Casein Protein
  • Soy Protein
  • Collagen Protein
  • Egg Protein
  • Others (Pea Protein, etc.)
• By Source:
  • Animal
  • Plant
• By Form:
  • Dry
  • Liquid
• By Application:
  • Dietary Supplements
  • Functional Food
  • Sports Nutrition
  • Others (Animal Nutrition, etc.)
• Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • ADM *
  • Cargill
  • Ingredion
  • Arla Foods
  • Roquette
  • BASF
  • Glanbia
  • Fonterra
  • DSM
  • FrieslandCampina
  • Essentia Protein Solutions
  • Amai Proteins
  • Mycorena
  • Merit Functional Foods
  • Plantible Foods
  • BENEO
  • ProtiFarm
  • Omega Protein