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Functional Proteins Market Trends

Report ID: GMI6417
Published Date: Aug 2023
Report Format: PDF

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Functional Proteins Market Trends

Consumer awareness of health and wellness has been driving the demand for functional proteins. People are increasingly seeking products that offer specific health benefits, such as muscle recovery, weight management, and immune support. The popularity of plant-based diets and the rise of vegan and vegetarian lifestyles have led to a surge in demand for plant-based functional proteins. Proteins from sources like pea, soy, rice, and hemp are gaining traction as alternatives to animal-based proteins.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of functional proteins recorded USD 6.4 billion in 2022 and is estimated to register USD 11.7 billion by the end of 2032, due to increasing demand for healthy lifestyles and balanced nutrition among consumers worldwide.

The whey protein product segment reached USD 1.2 billion in 2022, attributed to widespread demand among athletes and fitness enthusiasts for muscle recovery, muscle building, and overall sports performance.

U.S. market size held over USD 1.5 billion in 2022, owing to the increasing awareness about the importance of healthy lifestyles and balanced nutrition in the region.

Some of the prominent functional proteins companies are Archer Daniels Midland Company (ADM), Cargill, Incorporated, DuPont Nutrition & Biosciences, Kerry Group plc, Ingredion Incorporated, Fonterra Co-operative Group Limited, Glanbia plc, and Arla Foods Ingredients Group P/S.