Functional Protein Market Analysis 2022-2029

The global functional protein market is estimated to reach at a high CAGR of 6.3% during the forecast period 2022-2029.

Functional proteins are ingredients that improve the functionality of the body. The different types of functional protein include whey, hydrolysates, soy and insolates, with each type of protein adding special nutritional value to the product. Raw soybeans, for example, contain a substance called trypsin inhibitor, which helps animals and humans absorb protein more quickly. Protein is added to functional foods to provide health benefits such as appetite suppression, which aids in weight loss. The market is increasing due to rising demand for nutraceuticals and growing understanding of the importance of maintaining a balanced diet and improving the nutritional value of the human body.

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Market Dynamics

Growing demand for sports nutrition among working class is driving the market

The rise in popularity of functional foods and dietary supplements in sports nutrition among working professionals is expected to boost protein-rich food consumption. With consumers getting more health conscious and constantly looking out for solutions to improve their nutritional balance, the demand for functional protein in the form of supplements is increasing. Moreover, functional protein showing beneficial results towards lowering the blood pressure and ultimately helping in the prevention of chronic diseases, has helped it gain popularity as nutritional ingredients. According to the Centers for Disease Control and Prevention, almost half of all adults in the United States have hypertension and are taking antihypertensive medicine. Thus, the rising health concerns in population is likely to propel the market growth in this region.

Market Segmentation

Hydrolysate account for the largest share in the market owing to the health benefits provided by them

Hydrolysate is the most common functional protein, with their efficiency in improving health of both humans and animals. Protein hydrolysates are used in human food formulations, such as infant formula and animal feeds to improve their nutritional value. These are also useful for fortifying fruit juices and other drinks owing to their functional properties. Protein hydrolysate has a particular application in sports medicine because it enables amino acids to be consumed by the body more efficiently than intact proteins, resulting in improved nutrient distribution to muscle tissues. It's also used as a complement to cell cultures in the biotechnology industry. Moreover, their effect on lowering blood pressure has raised their popularity as therapeutic dietary agents.

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Geographical Penetration

North America dominates the market due to high awareness towards intake of sufficient amount of protein among Americans

North America is the major shareholder of the market as the United States contributes the most of the market. The increasing health concerns in the United States and widespread awareness in people regarding the impact of insufficient protein intake. According to a survey conducted by Natural Marketing Institute commissioned by Glanbia Nutritionals, 42% of U.S. consumers indicate an awareness toward different protein sources with soy protein being the most common among all, with its consumption accounting for 31% of U.S population.

Competitive Landscape:

The global functional protein market is highly consolidated with large number of players investing Some of the major key players participating in the global level include Essentia Protein Solutions, ADM, DuPont, Cargill, Ingredion, Arla Foods, Roquette, Glanbia, Fonterra and DSM.

Company Profile: Essentia Protein Solutions

Essentia Protein Solutions is a pioneer in providing animal-derived protein solutions which are acclaimed to improve the richness and taste of your food and beverage products while also adding convenience and health benefits. These ingredients are allergen-free. The company provides functional protein under six different brand names which includes ExcelPro, ScanPro T50000, ScanPro 1015/1020- series and ScanPro Beef.

COVID-19 Impact: Pandemic had a negative impact on global functional protein market

The outbreak of covid-19 pandemic resulted in shut down of public places including gyms, due to fear of transmission. The sales were impacted as a result of people staying at home and going for homemade nutritional food items, rather than out-of-home food consumption

Related Topics:

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Functional Bevarages Market -
https://www.datamintelligence.com/research-report/functional-beverages-market

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This release was published on openPR.