Functional Proteins Market

Market Leader - Functional Proteins Market

The key players in the functional proteins market include Kerry Group (Ireland), Arla Foods amba (Denmark), Fonterra Co-Operative Group (New Zealand), Glanbia Plc (Netherlands), and Koninklijke DSM N.V. (Netherlands). Other players include Archer Daniel Midland Company (U.S.), FrieslandCampina (Netherlands), Saputo Ingredients (Canada), APC Inc (U.S.), and AMCO Proteins (U.S.).

Joint ventures, new product launches, strategic acquisitions, and expansions were some of the major strategies adopted by the leading players in the functional proteins market; these strategies were adopted by the players to increase their market presence. They also helped the players to expand their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as Kerry Group (Ireland), Arla Foods (Denmark), Fonterra Co-Operative Group (New Zealand), Glanbia Plc (Netherlands), and Koninklijke DSM N.V. (Netherlands) successfully tapped the potential markets through joint ventures, new product launches, expansions, and acquisitions.

Kerry Group plc (Ireland) is a leader in proteins, globally. The company operates in more than 140 countries through its 152 manufacturing units. Its ingredients business has a strong base in North America. It offers a wide range of products under its functional proteins category with offerings varying from animal-sourced proteins such as hydrolysates and caseins, to plant-sourced proteins such as soy, rice, wheat, and pea proteins. The company adopted acquisitions as one of its major strategies to expand its product portfolio in the U.S. market. For instance, in October 2015, Kerry acquired three companies, namely, Red Arrow Products, Island Oasis, and Biothera’s Wellmune having expertise in nutrition solutions. Through the acquisition, the company further diversified its product offerings for the U.S. market. Kerry already has a strong footprint in the Asia-Pacific market. For instance, the demand for Kerry’s hydrolyzed proteins, particularly in clinical and infant nutrition, has been on the rise. Sales of functional hydrolysates also grew in the confectionery markets in India and Indonesia. Infant nutrition products which are in high demand in China further provide good growth opportunities for the company in the region. As a part of its expansion strategy to tap into the broad customer base in the emerging regions such as the Middle East and Africa, Kerry opened the Kerry Regional Development & Application Centre in Durban, South Africa in the year 2014.

Arla Foods amba (Denmark) is a global leader in whey-based ingredients. These ingredients find wide applications in categories from bakery, beverages, and ice cream, to clinical, infant, and sports nutrition. Some of the major strategies adopted by the company to strengthen its market presence include joint ventures, new product launches, and expansions. In 2012, to expand its geographic presence in the African market, it entered into a joint venture with two local players, namely, Tolaram Group (Nigeria) and Attieh Group (Senegal).

In 2012, to penetrate into the Chinese market to offer its broad product portfolio, Kerry entered into an agreement with COFCO Group Mengniu (China). In June 2016, Kerry opened a new manufacturing factory in Denmark for the production of protein hydrolysates, further expanding its presence in the functional proteins market.

Related Reports:

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

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Report Code
FB 5189
RI Published ON
4/24/2017
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