Functional Protein Market is driven by Increasing Health Awareness
The functional protein market is experiencing steady growth owing to increasing customer awareness regarding the importance of maintaining a healthy lifestyle through diet and exercise. Functional proteins are isolated or concentrated forms of proteins derived from natural sources such as soy, whey, peas, brown rice etc. that are formulated to provide enhanced health benefits when compared with regular dietary proteins. They are widely utilized across industries such as food and beverages, animal feed, and nutritional supplements. Functional proteins have gained much popularity for muscle growth and weight management and are known to boost metabolism when consumed regularly.
The Global Functional Protein Market is estimated to be valued at US$ 5.1 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period from 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, Omega Protein. These players are focusing on new product launches, mergers & acquisitions, and geographical expansion to gain a competitive edge in the market.
The growing demand for Global Functional Protein Market Size and nutrition-rich diets is one of the primary factors fueling the growth of the functional protein market. Consumers are becoming increasingly health-conscious and prefer food products that provide enhanced nutrition and health benefits. This trend is encouraging food manufacturers to incorporate high-quality protein ingredients across various product categories.
The global functional protein market is also witnessing strong growth owing to increasing demand from developing regions of Asia Pacific, Latin America, and Middle East & Africa. Rapid urbanization, rising living standards, and growing health awareness among consumers in these regions are providing numerous expansion opportunities for market players.
Market Drivers
The increasing consumer preference for healthier and nutritious food choices is a major driver contributing to the demand for functional proteins. With growing health consciousness, consumers are seeking out products that support weight management, muscle building, digestive health, heart health, and other bodily wellness functions. Functional proteins deliver valuable macro- and micronutrients and have applications across food & beverages, infant formulations, sports nutrition, and dietary supplements. The rising adoption of active lifestyles and growing preference for protein-rich diets to support fitness goals is expected to further propel the growth of the functional protein market over the forecast period.
The current geopolitical situation is having a significant impact on the growth of the functional protein market. There is high inflation across most major economies due to rising energy and commodity prices caused by the Russia-Ukraine conflict. This is reducing consumer spending power and impacting the demand for high value nutrition products. Supply chain disruptions from the war are also affecting the availability of raw materials for functional proteins. Manufacturers are facing higher input costs which are compressing margins.
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