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Gaining popularity as vegan and vegetarian alternatives to meat and
dairy, functional protein ingredients help deliver protein while maintaining
texture and flavor in food applications. Protein fortification has also become
necessary to address insufficient protein intake through regular diets. With
the rising incidence of chronic diseases, customers are increasingly conscious
about nutrition, ingredients, and sourcing of products. This drives the demand
for clean-label and organic functional protein options.
The Global
Functional Protein Market Size is estimated to be valued at US$ 5.6 Bn in 2024 and is expected to
exhibit a CAGR of 5.6% over the
forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Functional Protein Market are ADM, Cargill,
Ingredion, Arla Foods, Roquette, BASF, Glanbia, Fonterra, DSM,
FrieslandCampina, Essentia Protein Solutions, Amai Proteins, Mycorena, Merit
Functional Foods, Plantible Foods, BENEO, ProtiFarm, and Omega Protein.
The growing demand for protein-rich, vegan/vegetarian, and clean-label foods is
fueling the need for functional protein ingredients. With more options required
for specific dietary needs, the variety and functionality of protein
ingredients are expanding.
Globally, markets remain open to embracing functional protein from new
plant-based and dairy-alternative sources. North America and Europe currently
dominate demand, but the Asia Pacific region is emerging as a high-growth
market with rising health awareness and western influence on diets in countries
like India and China. International food companies are also expanding their
functional protein offerings globally.
Market drivers
The primary driver for the functional protein market is the increasing demand
for high protein foods necessary to support active and health-conscious
lifestyles. As customers opt for protein to manage weight and build muscle
mass, food products with protein fortification or enrichment achieve higher
sales. Simultaneously, protein ingredients are helping reduce sugar, fat and
calorie content of snacks and packaged foods. The various health benefits of
specific protein sources are also creating new opportunities to deliver nutrition
through foods and beverages.
With an increasing global focus on health and wellness, the demand for
functional proteins is on the rise. However, the growth trajectory of the
functional protein market could be impacted by the evolving geopolitical
environment in several regions.
The ongoing military conflicts and political instability in certain parts of
the world are disrupting global supply chains and trade routes. This is making
it difficult for functional protein producers and suppliers to ensure
consistent and timely delivery of products across international borders.
Furthermore, conflicts often result in economic sanctions and restrictions on
trade with the warring nations. This can negatively affect a company's revenue
and market share in those sanction-hit regions. Rising nationalism and
protectionism in major economies also pose challenges, as countries try to
promote domestic production over imports.
Producers will need to closely monitor the geopolitical developments and
diversify their supply networks. Investing in local manufacturing capacities
near key consumption clusters can help address supply disruptions. Companies
may also explore alternative sourcing and distribuion routes to circumvent
barriers. With resource security becoming increasingly important, those
developing innovative plant-based and cell-cultured proteins can gain an edge
over conventional sources dependent on agricultural imports.
In terms of regions, North America currently accounts for the largest share of
the functional protein market in terms of value. Countries like the US and
Canada have seen strong demand driven by rising health consciousness and busy
lifestyles. However, the Asia Pacific region is emerging as the fastest growing
market for functional proteins. Developing countries like China and India are
experiencing rapid economic development and nutrition transition. This is
fueling the demand for high-quality proteins to meet the needs of an expanding
middle class population. The region’s large consumer base and improving
processing infrastructure are attracting major investments in this space.
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