According to the research report, the global functional proteins market size was valued at USD 4.62 Billion in 2020 and is expected to reach USD 7.14 Billion By 2028, to grow at a CAGR of 5.7% during the forecast period.

Functional proteins are the biochemical compounds that are consumed to boost immunity against pathogens. These proteins are needed to improve health mitigate the effect of pathogens, and biochemical compounds that are needed for the structure, function, and to repair and build the body’s organs and tissues. In addition to providing these health benefits, proteins also maintain proper pH and fluid balance. For instance, raw soybean contains trypsin inhibitor, an ingredient that helps animals and the human body digest protein easily.

The different types of functional proteins include concentrates, isolates, hydrolysates, casein, and soy protein, among others. These proteins are widely used in food & beverages as they provide health benefits such as muscle growth, regulation of blood pressure, and moderation of blood sugar. Dietary supplements and animal feed is also of the application of functional proteins. The new trend of consuming plant-based proteins and consumers’ increased spending on healthy food products is expected to boost the market growth.

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The Reader Will Find The Following Fundamental Factors

• Analysis of the current and future structure of the global functional proteins market.
• Analysis of the consumption patterns.
• The international business environment, reasons for gaps, and initiatives are discussed.
• Product applications and types are suggested.
• The products or goods and consumption in a particular country and region are given.
• The forecasts for the anticipated period 2021-2028 are mentioned.
• Barriers and hurdles in the global functional proteins market that the players are facing are highlighted.

Top Market Players Are:

• Amai Proteins
• AMCO Proteins
• APC Inc.
• Arla Foods AMBA
• Aroma NZ Ltd.
• BASF SE
• BENEO GmbH
• Cargill
• Incorporated
• Colpex International
• DSM N.V.
• DuPont de Nemours Inc.
• Essentia Protein Solutions
• Fonterra Co-Operative Group
• Glanbia PLC
• Ingredia SA
• Ingredion Incorporated
• Kerry Group
• Merit Functional Foods
• MERIT Functional Foods Corporation
• MGP Ingredients Inc.
• Milk Specialties Global
• Mycorena
• Omega Protein
• Plantible Foods Inc.
• Protifarm
• Roquette Frères
• Royal FrieslandCampina N.V.
• Scanbio Marine Group

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Key Questions Answered In The Report Include

• What is the current functional proteins market size?
• How will the global functional proteins market change over the forecast period, and what will be the market size in the upcoming years?
• What are the driver’s restraints associated with the market, and how do these factors affect the dynamics over the forecast period?
• What growth areas are within the global functional proteins market space?
• How is the market sub-categorized, and which are the leading segments?
• What strategies are the market players adopting?

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Functional Proteins Market: Growth Drivers

The increase in demand for animal-derived proteins in sports and fitness nutrition and the growth of various protein ingredients such as concentrates and isolates for applications in the food industry are driving the growth of the global functional proteins market. Moreover, recent developments in the manufacturing of protein powder that produces health benefits such as muscle gain and fat loss are expected to create lucrative opportunities for the market players during the forecast period. Rising demand for functional proteins for competitive sports, body toning, muscle-building activities fosters the growth of the market.

Other factors contributing to the growth of the functional proteins market involve growing consumer consciousness towards food products with high protein content, rising cases of chronic diseases, and growing personal disposable income by the key companies. Furthermore, changing lifestyle, westernization, growing research and development initiatives implemented by major companies across the developing economies, and the ever-rising global population is fueling the market growth. Advertising and marketing activities, exciting subscription plans offered by market players to raise the sale of weight loss, and weight management supplements are expected to fuel the market growth.

Global Functional Proteins Market: Report Scope

Functional Proteins Market: Key Segmentations

• Insights by Form, Source, type, application, region

Based on form, the market is bifurcated into liquid and dry. The liquid form is expected to generate revenue growth with a high CAGR during the forecast period. Factors such as rising use in functional beverages and juices can be attributed to this growth of the segment. Liquid functional proteins are cost-effective and easy to use in different applications.  On the basis of source, the market is segmented into plants and animals. The demand and adoption for plant-based protein are anticipated to surge during the foreseen period. However, the rising trend of vegetarianism and veganism due to food safety concerns associated with meat products pushes the segment growth in the market. On the grounds of the type, the market is bifurcated into casein, hydrolysates, whey protein, soy protein, and others. Hydrolysates are experiencing a high demand during the forecast period. Based on application, the market is segmented into dietary supplements, animal feed, functional food & beverages, and others. Among these segments, the functional food & beverages segment accounted for the largest market revenue share in 2020. This growth can be attributed to the increasing demand for functional food and beverages among consumers due to their nutritional benefits and health advantages.

North America accounted for the largest revenue share in the global functional proteins market in 2020 owing to rising awareness regarding diet and nutritious eating habits, supportive government regulations, and the increasing geriatric population is fueling the growth of the market in this region. The key factors supporting the growing demand for proteins include the presence of significant market players in the region, fluctuating lifestyles, high disposable income, and rising cases of lifestyle-associated diseases.

Browse the full “Functional Proteins Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Dry); By Source (Plant, Animal); By Type (Casein, Hydrolysates, Whey Protein, Soy Protein, Others); By Application; By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/functional-proteins-market

The market is primarily segmented on the basis of form, source, type, application, and region.

Functional Proteins Market: By Form Outlook

• Liquid
• Dry

Functional Proteins Market: By Source Outlook

• Plant
• Animal

Functional Proteins Market: By Type Outlook

• Casein
• Hydrolysates
• Whey Protein
• Soy Protein
• Others

Functional Proteins Market: By Application Outlook

• Animal Feed
• Dietary Supplements
• Functional Food & Beverages
• Others

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