The global functional proteins market is expected to reach USD 7.45 billion by 2025, growing at
a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Rising
importance of protein-fortified convenience foods as a result of extensive
advertising campaigns by nutraceutical suppliers in e-commerce portals and
electronics media is expected to have a substantial impact. Furthermore, the
increasing market penetration of powdered drink mixes as a result of product
innovation by companies including General Foods Corporation is expected to play
a crucial role in promoting the functional proteins consumption in the near
future.
Whey protein isolates (WPI) accounted for
26.1% of global industry share in 2016. The segment is expected to witness
significant gains owing to the introduction of the product forms in vanilla and
chocolate flavors on a global level. Furthermore, increasing awareness towards
enhancing muscular strength among athletes as well as gym professionals in
emerging markets including Mexico, South Africa, China, and India is expected
to broaden the application scope of WPI as sports nutrition goods over the next
eight years.
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Further key findings from the report suggest:
· Global functional proteins demand was stood
at 823.9 kilo tons in the year, 2016 and is projected to foresee growth at a
CAGR of 6.4% from 2017 to 2025.
· Functional beverages are projected to
foresee fastest volume growth at a CAGR of 7.0% from 2017 to 2025. Rising
importance of protein shakes for weight management amongst working class
professionals as a result of endorsement by fitness experts to use functional
beverage is expected to expand the industry size.
· Dry forms are projected to foresee revenue
growth at a CAGR of 7.2% from 2017 to 2025. Rising R&D spending towards the
processing of spray-dried serum (SDS), spray-dried plasma (SDP) and globulin
concentrate which are processed to use as colostrum supplements or replacers
for feeding calves is expected to open the new avenues.
· Asia Pacific is projected to witness high
revenue growth at a CAGR of 8.2% from 2017 to 2025. Significant gains in
functional food & beverage production in China, India, and Malaysia as a
result of favorable government policies including the reduction in import
duties of consumables or equipment, to promote the foreign investments is
expected to play a fundamental role in increase the fortification of functional
nutrition ingredients.
· Major manufacturers include Kerry Group,
Fonterra, Arla Foods AMBA, Glanbia, Saputo Ingredients APC Inc., and Friesland
Campina. The introduction of new products and the formation of strategic
alliances with buyers in nutraceuticals and animal feed sectors are projected
to remain critical success factors over the next eight years.
Grand View Research has segmented the
global functional proteins market on the basis of product, form, application,
and region:
Functional Proteins Product Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Hydrolysates
·
Whey Protein Concentrates (WPC)
·
Whey Protein Isolates (WPI)
·
Casein & Caseinates
·
Soy Protein
·
Others
Functional Proteins Form Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Dry
·
Liquid
Functional Proteins Application Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Functional Foods
·
Functional Beverages
·
Dietary Supplements
·
Animal Nutrition
Functional Proteins Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
RoW
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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