About Functional Protein
Functional protein is the mixture of proteins which are biologically active that help support and maintains normal immune function. Functional proteins carry out a function in the body like structural proteins which produce structures such as muscles and bones. There are many examples for functional protein which include soybeans and proteins in egg whites which are called avidin. The functional protein also provides benefits to animals during the periods of stress. Moreover, Functional proteins like in plasma proteins and colostrum affects the intestinal immune system and immunity in the rest of the body, hence improving overall animal health and productivity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Functional Protein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Koninklijke DSM N.V. (Netherlands), Cargill (United States), BASF (Germany), Ingredion (United States), Roquette Frères (France), SunOpta (Canada), Darling Ingredients (United States), Omega Protein Corporation (United States), DowDuPont (United States) and Kemin Industries, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are InVivo (France) and John Pointon & Sons Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Functional Protein market by Type (Hydrolysates, Whet Protein Concentrates, Whey Protein Isolates, Casein & Caseinates, Soy Protein and Others), Application (Functional foods, Infant formula, Sports nutrition, Functional beverages, Dietary supplements and Animal nutrition) and Region.
On the basis of geography, the market of Functional Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Dry will boost the Functional Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Animal will boost the Functional Protein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers towards the Healthy Diet
Market Growth Drivers:
Increasing Demand of Food Products with Increased Functionality and Rising Usage of Functional Protein by End User Industries
Challenges:
Over Consumption of Functional Protein may Cause Health Issues
Restraints:
Restrictions imposed by US-FDA for protein sourced from mammalian tissues. For instance, Ministry of Agriculture and Forestry (MAF) of New Zealand has prohibited the feeding of ruminant protein in any form, composition, or admixture to ruminants due to the risk of spreading mad cow disease.
Opportunities:
Increasing Popularity of Sports Nutrition among the Working Professionals and Growing Animal Feed Industry in Developing Economies Including China, India, and Brazil
Market Leaders and their expansionary development strategies
In January 2019, Archer Daniels Midland Company has acquired Florida Chemical Company which specializes in citrus based flavors and fragrances.
On September 2019, Tyson has launched Pact, which is a new brand created to help people harness the natural benefits of food. The brand is debuting with Pact Snack Bites, which is a line of functional refrigerated protein snacks.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.