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Functional Protein Market to Reflect Impressive Growth Rate During 2024 - 2031 | ADM, Cargill, Ingredion, Arla Foods

06-20-2024 12:07 PM CET | Food & Beverage

Press release from: CMI

Functional Protein Market

Functional Protein Market

Market Overview:

The global functional protein market is estimated to be valued at USD 5.1 Bn in 2024 and is expected to reach USD 7.2 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031.

Market Dynamics:

The Functional Protein Market is expected to witness significant growth due to rising health awareness. Consumers are increasingly focusing on nutritional food products to maintain overall wellness. Furthermore, the availability of plant-based protein supplements is also driving the market. New product launches with protein blends sourced from dairy, eggs, meat as well as plant sources like soy, wheat and pea are expanding the market scope. Sports nutrition and weight management products based on functional proteins are gaining popularity among the health-conscious population.

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Functional Protein Market Drivers

Increased Consumer Awareness About Health and Fitness

Over the past decade, there has been a significant rise in consumer awareness about the importance of maintaining good health and physical fitness. People are paying more attention to their diet, exercise routines, lifestyle habits and consumption of supplements that can boost overall well-being. Functional proteins play a vital role in building muscles, losing weight, boosting energy levels and immunity. As more consumers opt for protein-rich foods and supplements, the demand in the functional protein market continues to surge. Various marketing campaigns by manufacturers emphasize the health benefits of high protein diets and snacks in catalyzing this growth driver.

Functional Protein Market Opportunity

Growing Demand for Vegan and Plant-Based Options

A notable opportunity lies in expanding the variety of vegan and plant-based protein products. With rising global awareness about environmental and ethical issues in animal agriculture, more consumers are reducing meat consumption or switching to flexitarian/vegan diets. This offers a lucrative avenue for manufacturers to launch innovative ranges of soy, pea, rice and other plant proteins as substitutes. Targeting health-conscious, eco-friendly customers with sustainable offerings can aid market penetration. Products mimicking meat analogs through plant proteins are being well-received. Growth of vegetarianism/veganism presents one of the most promising opportunities.

Functional Protein Market Trend

Customization and Personalization

A key market trend gaining momentum is customization and personalization of functional protein products. Customers today want formulations tailored to their unique goals, preferences and dietary restrictions. Companies are introducing more customizable options through modular systems - letting people mix and match ingredients, flavors and macro-profiles as per their individual needs. Personalized meal plans, coaching programs and supplement bundles based on goals/biometric data analysis present an emerging trend. Technologies like 3D printing may enable on-demand micro-customization. This shift towards highly personalized nutrition satisfying diverse customer segments will significantly influence future demand in the functional protein space.

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Top Companies Featured in This Report:

★ 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

Market Segmentation:

By Product Type:

★ 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 Applications:

★ By Application: Dietary Supplements, Functional Food, Sports Nutrition, Others (Animal Nutrition, etc.)

Key Regions/Countries are Classified as Follows:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Reasons to Obtain Our Comprehensive Market Report:

• Conduct an extensive analysis of various aspects of the Functional Protein Market utilizing Porter's Five Forces framework.

• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Functional Protein Market.

• Explore the Functional Protein Market dynamics across different regions through comprehensive regional analysis.

• Assess the impact of Covid-19 on the Functional Protein Market with a meticulous research approach.

• Stay updated on the latest developments, market shares, and strategies of key market players within the Functional Protein Market.

• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Functional Protein Market.

• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.

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Key Questions Answered:

• What was the size of the Functional Protein Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Functional Protein Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Functional Protein Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Functional Protein Market?
• Which segments of the Functional Protein Market are in high demand?

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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