Increasing Instances of Chronic Diseases Drives the Functional Proteins Market

Northbrook, USA, 2020-Jan-29 — /EPR Network/ — The report “Functional Proteins Market by Type (Hydrolysates, Whey Protein Concentrates, Whey Protein Isolates, Casein/Caseinates, and Soy Protein), Application (Functional Foods, Functional Beverages, Dietary Supplements, and Animal Nutrition), Source (Plant and Animal), Form (Dry and Liquid), and Region – Global Forecast to 2022″, The global functional proteins market is estimated to be valued at USD 4.17 Billion in 2017 and projected to reach USD 5.73 Billion by 2022, at a CAGR of 6.6%. Functional proteins are widely used ingredients in food & beverage applications owing to their functional properties. Also, the growing demand for high-protein & nutritious products and an increase in the demand for premium protein ingredients have expanded the application areas of functional proteins in the food & beverage industry.

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Increasing usage of functional protein by various end-user industries drives the demand close to USD 5.70 Billion

Functional proteins are used in various applications such as dietary supplements and food & beverages due to the rising demand for food products with improved functionalities. The ability of functional protein manufacturers to develop distinct isolates, concentrates, and other forms of protein ingredients for different food products, such as dairy products, beverages, dietary supplements, infant formula, bakery products, and confectionery products, is expected to drive the growth of the functional proteins market during the forecast period.

Regulations for animal-sourced proteins are major restraints for the market

The US-FDA (US Food & Drug Administration) has strict regulations regarding proteins sourced from mammalian tissues.  For instance, the Ministry of Agriculture and Forestry (MAF) of New Zealand prohibits the feeding of ruminant protein in any form, composition, or admixture to ruminants due to the risk of spreading Bovine Spongiform Encephalopathy (BSE), also known as mad cow disease. As a result, the restriction has had an adverse effect on the supply of protein ingredients sourced from animals worldwide as it restricts the trade and availability of certain animal-based proteins meant for human consumption.

Whey protein is one of the major ingredients for manufacturing several milk-based products and is used by many food & beverage manufacturers as a protein source for product innovation. The major whey proteins are á-lactalbumin and â-lactoglobulin, which find significant demand from the processed food & beverage industry. The production of whey protein concentrates (WPCs) involves the processing of fluid whey through ultrafiltration to produce a variety of WPCs. WPCs are commonly used as a source of protein in functional food & beverages owing to their easy availability or ease of production and low cost as compared to hydrolysates and isolates.

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Asia Pacific is projected to be the fastest-growing market for functional proteins during the forecast period.

Asia Pacific is projected to be the fastest-growing market for functional proteins during the forecast period. The consumption of plant-sourced proteins such as soy protein and pea protein in the Asia Pacific region has been experiencing robust growth due to the increasing consumption of functional foods and dietary supplements. The higher economic power among consumers in the region has led to an increase in the consumption of soy protein, which is cheap and abundant in these countries. Countries such as Japan, Australia, and New Zealand are focusing on offering premium functional proteins ingredients, considering the derived health benefits. The major factors driving the Asia Pacific functional proteins market are the changing lifestyles of consumers, the rapid growth of the middle-class population, and the increasing consumer awareness about health & fitness. Also, investments and expansions in the region have driven the growth of the Asia Pacific functional proteins market.

Key participants in the functional proteins market are the functional proteins manufacturers, suppliers, and regulatory bodies. The key players that are profiled in the report include Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DowDuPont Inc. (US), Kemin Industries, Inc. (US), InVivo (France), and John Pointon & Sons Ltd. (UK).

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