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%. Growth in the market can be attributed to the rising consumer preference for a healthy diet and increasing application of functional proteins by various end-user industries, such as food & beverage, animal feed, and nutraceuticals.

The global functional proteins market has been segmented on the basis of type, source, application, form, and region. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The main objectives of the report are to define, segment, and project the size of the global functional proteins market with respect to the above-mentioned segmentations and provide a detailed study of the key factors influencing the growth of the market, along with profiling the key players in the market and their core competencies.

Years considered for this report are as follows:

2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

Research Methodology

This report includes estimations of market sizes for value (USD million), with the base year as 2016, and forecast period from 2017 to 2022. Top-down and bottom-up approaches have been used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. Key players in the market have been identified through secondary research such as the Food and Agriculture Organization (FAO), U.S. Department of Agriculture (USDA), International Food and Agribusiness Management (IFAM), and the World Health Organization (WHO) while their market shares in the respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

The functional proteins value chain includes ingredient manufacturers such as Kerry Group (Ireland), Glanbia Plc (Netherlands), Arla Foods (Denmark), and Fonterra Co-Operative Group (New Zealand). Other players include Koninklijke DSM N.V. (Netherlands), Archer Daniel Midland Company (U.S.), and FrieslandCampina (Netherlands), among others. Further, the ingredients manufactured by these companies are used by functional food, functional beverage, dietary supplement, and animal nutrition related companies such as Bio-Engineered Supplements and Nutrition, Inc. (BSN) (Ireland), Optimum Nutrition, Inc. (U.S.), and Vital Solutions Swiss AG (Switzerland).

Target Audience

The stakeholders for the report include:

• Regulatory and research organizations
  • Food additive associations and organizations such as the FDA, EFSA, USDA, and FSANZ
  • Associations and industry bodies [World Health Organization (WHO), Institute of Food and Agricultural Sciences (IFAS)]
  • Government agencies and NGOs
  • Food safety agencies
• Dairy associations and industrial bodies
• Raw material suppliers and distributors
• Food manufacturers
• Biotechnology-based organizations
• Functional proteins manufacturers
• Research and consulting firms

“The study answers several questions for stakeholders primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

The functional proteins market has been segmented on the basis of:

Type:

• Hydrolysates
• Whey Protein Concentrates
• Whey Protein Isolates
• Casein/Caseinates
• Soy Protein 

Source:

• Animal
• Plant

Application:

• Functional food
• Functional beverages
• Dietary supplements
• Animal nutrition

Form:

• Liquid
• Powder

Region:

• North America
• Europe
• Asia-Pacific
• RoW (South Africa and others)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization
    1.5 Currency
    1.6 Units
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries, By Company Type, Designation, and Region
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Market Opportunities for Functional Protein Manufacturers
    4.2 Functional Proteins Market Size, By Region
    4.3 Asia-Pacific Functional Protein Market, By Country and Application
    4.4 Functional Proteins Market, By Type
    4.5 Functional Protein Market Attractiveness

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Insights
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Usage of Functional Proteins By Various End-User Industries
                    5.3.1.2 Technological Upgradation in the Functional Proteins Market
                    5.3.1.3 Increasing Instances of Chronic Diseases
                    5.3.1.4 Growing Consumers Awareness Toward A Healthy Diet
           5.3.2 Restraints
                    5.3.2.1 Regulations for Animal Proteins
           5.3.3 Opportunities
                    5.3.3.1 Increasing Instances of Chronic Diseases
                    5.3.3.2 Increasing Demand From Emerging Markets
           5.3.4 Challenges
                    5.3.4.1 Formulation Challenges
                    5.3.4.2 Low Consumer Awareness

6 Functional Proteins Market, Governing Organizations (Page No. - 40)
    6.1 Introduction
    6.2 North America
           6.2.1 U.S. Food and Drug Administration (21cfr589.2000)
           6.2.2 U.S. Food and Drug Administration (21 Cfr 101.9(C))
    6.3 Europe
           6.3.1 European Food Safety Authority
    6.4 Asia-Pacific
           6.4.1 Food Standards Australia New Zealand

7 Functional Proteins Market, By Type (Page No. - 42)
    7.1 Introduction
    7.2 Hydrolysates
    7.3 Whey Protein Concentrates
    7.4 Whey Protein Isolates
    7.5 Casein & Caseinates
    7.6 Soy Protein
    7.7 Others

8 Functional Proteins Market, By Application (Page No. - 47)
    8.1 Introduction
    8.2 Functional Foods
           8.2.1 Infant Formula
           8.2.2 Sports Nutrition/Clinical Nutrition
    8.3 Functional Beverages
    8.4 Dietary Supplements
    8.5 Animal Nutrition

9 Functional Proteins, By Source (Page No. - 52)
    9.1 Introduction
    9.2 Animal
           9.2.1 Dairy Protein
           9.2.2 Egg Protein
           9.2.3 Gelatin
    9.3 Plant
           9.3.1 Soy Protein
           9.3.2 Wheat Protein
           9.3.3 Vegetable Protein

10 Functional Proteins Market, By Form (Page No. - 58)
     10.1 Introduction
     10.2 Dry
     10.3 Liquid

11 Functional Proteins Market, By Region (Page No. - 61)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 U.K.
             11.3.4 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 Australia & New Zealand
             11.4.4 Rest of Asia-Pacific
     11.5 Rest of the World (RoW)
             11.5.1 Latin America
             11.5.2 Middle East
             11.5.3 Africa

12 Competitive Landscape (Page No. - 96)
     12.1 Introduction
     12.2 Vendor Dive
             12.2.1 Vanguards
             12.2.2 Innovator
             12.2.3 Dynamic
             12.2.4 Emerging
     12.3 Competitive Benchmarking
             12.3.1 Product Offering (For All 25 Players)
             12.3.2 Business Strategy (For All 25 Players)

*Top 25 Companies Analysed for This Study are - Kerry Group PLC (Ireland), Glanbia PLC (Netherlands), Arla Foods (Denmark), Fonterra Co-Operative Group(New Zealand), Koninkijke DSM N.V. (Netherlands), Archer Daniel Midland Company (U.S), Frieslandcampina (Netherlands), Saputo Ingredients (Canada), APC Inc. (U.S.), AMCO Proteins (U.S.), Abbott Nutrition (U.S.), Real Dairy Australia Pty Ltd (Australia), Cargill, Inc. (U.S.), Hilmar Ingredients (U.S.), Gelita AG (Germany), Axiom Foods, Inc. (Us), Beneo GmbH (Germany), Sachsenmilch Leppersdorf GmbH (Germany), Devansoy Inc. (U.S), World Food Processing (U.S), Milk Specialties Global (U.S), Havero Hoogwegt (The Netherlands), Barentz (The Netherlands), Armor Proteines (France), Carbery Group (Ireland)

13 Company Profiles (Page No. - 100)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Kerry Group PLC
     13.3 Arla Foods AMBA
     13.4 Fonterra Co-Operative Group
     13.5 Glanbia PLC
     13.6 Koninklijke DSM N.V.
     13.7 Archer Daniels Midland Company
     13.8 Frieslandcampina
     13.9 Saputo Ingredients
     13.10 APC Inc
     13.11 AMCO Proteins
     13.12 Abbott Nutrition
     13.13 Real Dairy Australia Pty Ltd
     13.14 Cargill

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 148)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details

List of Tables (72 Tables)

Table 1 Functional Proteins Market Size, By Type, 2015-2022 (USD Million)
Table 2 Functional Protein Market Size, By Type, 2015-2022 (KT)
Table 3 Functional Proteins Market Size, By Application, 2015-2022 (USD Million)
Table 4 Functional Protein Market Size, By Application, 2015-2022 (KT)
Table 5 Functional Proteins Market Size, By Source, 2015–2022 (USD Million)
Table 6 Functional Protein Market Size, By Source, 2015–2022 (KT)
Table 7 Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 8 Animal-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (KT)
Table 9 Plant-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 10 Plant-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (KT)
Table 11 Functional Proteins Market Size, By Form, 2015–2022 (USD Million)
Table 12 Functional Protein Market Size, By Form, 2016–2022 (KT)
Table 13 Functional Proteins Market Size, By Region, 2015-2022 (USD Million)
Table 14 Functional Protein Market Size, By Region, 2015-2022 (KT)
Table 15 North America: Functional Proteins Market Size, By Country, 2015–2022 (USD Million)
Table 16 North America: Market Size, By Country, 2015–2022 (KT)
Table 17 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 18 North America: Market Size, By Type, 2015–2022 (KT)
Table 19 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 20 North America: Market Size, By Application, 2015–2022 (KT)
Table 21 North America: Market Size, By Source, 2015–2022 (USD Million)
Table 22 North America: Market Size, By Source, 2015–2022 (KT)
Table 23 North America: Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 24 North America: Animal-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (KT)
Table 25 North America: Plant-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (USD Million)
Table 26 North America: Plant-Sourced Functional Protein Market Size, By Subsegment, 2014–2022 (KT)
Table 27 North America: Market Size, By Form, 2015–2022 (USD Million)
Table 28 North America: Market Size, By Form, 2015–2022 (KT)
Table 29 Europe: Functional Proteins Market Size, By Country, 2015–2022 (USD Million)
Table 30 Europe: Market Size, By Country, 2015–2022 (KT)
Table 31 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 32 Europe: Market Size, By Type, 2015–2022 (KT)
Table 33 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 34 Europe: Market Size, By Application, 2014–2022 (KT)
Table 35 Europe: Market Size, By Source, 2015–2022 (USD Million)
Table 36 Europe: Market Size, By Source, 2015–2022 (KT)
Table 37 Europe: Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 38 Europe: Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (KT)
Table 39 Europe: Plant-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (USD Million)
Table 40 Europe: Plant-Sourced Functional Protein Market Size, By Subsegment, 2014–2022 (KT)
Table 41 Europe:  Size, By Form, 2015–2022 (USD Million)
Table 42 Europe: Functional Proteins Market Size, By Form, 2015–2022 (KT)
Table 43 Asia-Pacific: Functional Proteins Market Size, By Country, 2015–2022 (USD Million)
Table 44 Asia-Pacific: Market Size, By Country, 2015–2022 (KT)
Table 45 Asia-Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 46 Asia-Pacific: Market Size, By Type, 2015–2022 (KT)
Table 47 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 48 Asia-Pacific: Market Size, By Application, 2015–2022 (KT)
Table 49 Asia-Pacific: Market Size, By Source, 2015–2022 (USD Million)
Table 50 Asia-Pacific: Market Size, By Source, 2015–2022 (KT)
Table 51 Asia-Pacific: Animal-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (USD Million)
Table 52 Asia-Pacific: Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (KT)
Table 53 Asia-Pacific: Plant-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (USD Million)
Table 54 Asia-Pacific: Plant-Sourced Functional Proteins Market Size, By Subsegment, 2014–2022 (KT)
Table 55 Asia-Pacific: Size, By Form, 2015–2022 (USD Million)
Table 56 Asia-Pacific: Functional Protein Market Size, By Form, 2015–2022 (KT)
Table 57 RoW: Functional Proteins Market Size, By Region, 2015–2022 (USD Million)
Table 58 RoW: Market Size, By Region, 2015–2022 (KT)
Table 59 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 60 RoW: Market Size, By Type, 2015–2022 (KT)
Table 61 RoW: Market Size, By Application, 2015–2022 (USD Million)
Table 62 RoW: Market Size, By Application, 2015–2022 (KT)
Table 63 RoW: Market Size, By Source, 2015–2022 (USD Million)
Table 64 RoW: Market Size, By Source, 2015–2022 (KT)
Table 65 RoW: Animal-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 66 RoW: Animal-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (KT)
Table 67 RoW: Plant-Sourced Functional Proteins Market Size, By Subsegment, 2015–2022 (USD Million)
Table 68 RoW: Plant-Sourced Functional Protein Market Size, By Subsegment, 2015–2022 (KT)
Table 69 RoW: Functional Proteins Market Size, By Form, 2015–2022 (USD Million)
Table 70 RoW: Functional Protein Market Size, By Form, 2015–2022 (KT)
Table 71 Glanbia PLC: Products Offered
Table 72 Koninklijke DSM N.V.: Products Offered

List of Figures (67 Figures)

Figure 1 Functional Proteins Market Segmentation
Figure 2 Functional Proteins Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation & Methodology
Figure 6 Dietary Supplements Segment is Expected to Be the Fastest-Growing During the Forecast Period
Figure 7 Functional Proteins Snapshot (2017 vs 2022): Whey Protein Concentrates Segment is Projected to Be the Largest During the Forecast Period
Figure 8 Functional Proteins Snapshot (2017 vs 2022): Dry Segment is Projected to Be Relatively Larger
Figure 9 Asia-Pacific Dominated the Functional Proteins Market in 2016
Figure 10 Attractive Growth Opportunities in the Functional Protein Market for Manufacturers Between 2017 and 2022
Figure 11 Functional Proteins Market: Asia-Pacific to Grow at the Highest Rate From 2017 to 2022
Figure 12 China is Estimated to Account for the Largest Share in the Functional Proteins Market in 2017
Figure 13 Whey Protein Concentrates Segment Dominated the Functional Protein Market Across All Regions in 2016
Figure 14 China is Expected to Grow at the Highest Rate
Figure 15 Functional Proteins Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Global Causes of Deaths
Figure 17 Increasing Per Capita Health Expenditure in Major Economies, 2010–2014
Figure 18 Global Causes of Deaths
Figure 19 Functional Proteins Market Size, By Type, 2017-2022 (USD Million
Figure 20 Functional Protein Market Size, By Application, 2017-2022 (USD Million)
Figure 21 Functional Proteins Market Size, By Source, 2017–2022 (USD Million)
Figure 22 Functional Protein Market Size, By Form, 2017-2022 (USD Million)
Figure 23 Geographic Snapshot: China is Showing Strong Signs of Market Growth in the Asia-Pacific Market, 2017-2022
Figure 24 U.S. Was the Largest Market for Functional Proteins in North America During Review Period
Figure 25 Asia-Pacific: Functional Proteins Market Snapshot
Figure 26 Dive Chart
Figure 27 Kerry Group PLC: Company Snapshot
Figure 28 Kerry Group PLC: Product Offering Scorecard
Figure 29 Kerry Group PLC: Business Strategy Scorecard
Figure 30 Strength & Weakness: Kerry Group PLC
Figure 31 Arla Foods Ingredients AMBA: Company Snapshot
Figure 32 Arla Foods AMBA: Product Offering Scorecard
Figure 33 Arla Foods AMBA: Business Strategy Scorecard
Figure 34 Strength & Weakness: Arla Foods AMBA
Figure 35 Fonterra Co-Operative Group: Company Snapshot
Figure 36 Fonterra Co-Operative Group: Product Offering Scorecard
Figure 37 Fonterra Co-Operative Group: Business Strategy Scorecard
Figure 38 Strength & Weakness: Fonterra Co-Opeartive Group
Figure 39 Glanbia PLC: Company Snapshot
Figure 40 Glanbia PLC: Product Offering Scorecard
Figure 41 Glanbia PLC: Business Strategy Scorecard
Figure 42 Strength & Weakness: Glanbia PLC
Figure 43 Koninklijke DSM N.V.: Company Snapshot
Figure 44 Koninklijke DSM N.V.: Product Offering Scorecard
Figure 45 Koninklijke DSM N.V.: Business Strategy Scorecard
Figure 46 Strength & Weakness: Koninklijke DSM N.V.
Figure 47 Archer Daniels Midland Company: Company Snapshot
Figure 48 Archer Daniel Midland Company: Product Offering Scorecard
Figure 49 Archer Daniel Midland Company: Business Strategy Scorecard
Figure 50 Frieslandcampina: Company Snapshot
Figure 51 Frieslandcampina: Product Offering Scorecard
Figure 52 Frieslandcampina: Business Strategy Scorecard
Figure 53 Saputo Ingredients: Company Snapshot
Figure 54 Saputo Ingredients: Product Offering Scorecard
Figure 55 Saputo Ingredients: Business Strategy Scorecard
Figure 56 APC Inc: Product Offering Scorecard
Figure 57 APC Inc: Business Strategy Scorecard
Figure 58 AMCO Proteins: Product Offering Scorecard
Figure 59 AMCO Proteins: Business Strategy Scorecard
Figure 60 Abbott Nutrition: Company Snapshot
Figure 61 Abbott Nutrition: Product Offering Scorecard
Figure 62 Abbott Nutrition: Business Strategy Scorecard
Figure 63 Real Dairy Australia: Product Offering Scorecard
Figure 64 Real Dairy Australia Pty Ltd: Business Strategy Scorecard
Figure 65 Cargill: Company Snapshot
Figure 66 Cargill: Product Offering Scorecard
Figure 67 Cargill: Business Strategy Scorecard

The functional proteins market is projected to grow at a CAGR of 6.6%, in terms of value, from 2017 to reach USD 5.73 Billion by 2022. Functional proteins are widely used 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.

The functional proteins market has been segmented by type into hydrolysates, whey protein concentrates, whey protein isolates, casein/caseinates, and soy protein. Whey protein concentrates will dominate the functional proteins market in 2017 owing to their easy availability or ease of production and less cost as compared to hydrolysates and isolates.

Based on source, the animal segment is estimated to hold a relatively larger share in 2017. Increasing usage of animal protein in end-use applications such as sports nutrition is a key market driver.

The functional proteins market, by form, is segmented into dry and liquid. The dry form will occupy a relatively larger share, both in terms of value and volume, in 2017. Increasing demand from the dietary supplements application is one of the major factors driving the growth of this segment.

The dietary supplements segment is expected to hold the largest share in 2017. The rising health & wellness trend among consumers, growing aging population, coupled with increasing incidences of chronic diseases are some of the key market drivers.

The Asia-Pacific region is estimated to account for the largest share of the global functional proteins market, in terms of both value and volume, in 2017. Increasing awareness about health and wellness has shifted consumer preference toward functional foods. Investments and expansions by major players to cater to the rising demand for dietary supplements are also boosting the functional proteins business in the region.

The R&D cost for functional proteins is very high. This becomes a hurdle for innovations in the functional proteins market. Furthermore, stringent regulations pertaining to animal proteins are major restraints for the functional protein market. Animal proteins have high demand in sports and infant nutrition.

The leading players that dominated the functional proteins market include Kerry Group (Ireland), Glanbia Plc (Netherlands), Arla Foods (Denmark), and Fonterra Co-Operative Group (New Zealand).

The key players have been tapping into the market in new regions by adopting acquisitions, expansions, investments, new product launches, agreements, and joint ventures as their preferred strategies. They have been investing in intensive R&D activities and also adopting expansions and acquisitions as a mode to enhance their product offerings and capture a larger market share, thus increasing the demand for protein hydrolysates.

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