The global functional proteins market size is set to gain traction from the ever-increasing demand for nutritional products. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Functional Proteins Market, 2019-2026.” The report further states that functional proteins are majorly used in infant nutrition products as it can be easily absorbed by the body. In November 2019, Arla Foods, for instance, unveiled two new maternal supplements containing Lacprodan® MFGM-10. They are called Smart Mama Bar and Smart Mama Drink. These products would help to develop an infant’s cognition during the phases of lactation and pregnancy.
While bars and restaurants may be closed amid the COVID-19 pandemic, people are still ordering and hence, high-quality and safe food and beverages must be provided and manufactured to customers. Currently, food safety is the only concern among manufacturers. As long as social distancing is followed, normal food handling measures would be enough to combat the virus. We are offering in-depth research reports to help you overcome this situation.
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The report contains an elaborate study of several regions and countries. It was developed by our research analysts after examining and analyzing numerous factors that regulate regional growth, such as political, technological, social, economic, and environmental status of that particular place. The competitive landscape section was developed to help our clients better understand the acquisitions and other strategies that key players are focusing on to strengthen their positions worldwide.
Drivers and Restraints-
Rising Demand from Fitness Enthusiasts to Propel Growth
Plant-based functional proteins are considered to be sustainable and healthy. They can disturb the organoleptic value of a few classes of products. Hence, numerous manufacturers are striving persistently to enhance the quality of plant-based ingredients. To do so, they are investing huge sums in research and development activities. For instance, in January 2021, Z Natural Foods introduced its Mocha Mushroom Whey Protein. It can repair sore muscles, fuel workouts, and grow biceps.
These products are experiencing high demand from fitness enthusiasts to develop their muscles. The rising promotional activities by multiple fitness centers would accelerate the demand for functional protein-based supplements. However, the manufacturing of these products require certain expensive equipment. It may hamper the functional proteins market growth.
Dietary Supplements Segment to Remain at the Forefront during the Forthcoming Years
By type, the market is segregated into whey protein, casein protein, soy protein, protein, pea protein, and other functional proteins. Based on form, it is divided into concentrates, isolates, and hydrolysates. By application, it is fragmented into dietary supplements, functional foods, functional beverages, and animal nutrition. Amongst these, the dietary supplements segment is expected to generate the largest functional proteins market share in the upcoming years. This growth is attributable to the increasing popularity of nutraceuticals.
Increasing Research and Development Activities to Favor Growth in North America
- North America: The region is likely to showcase robust growth throughout the forthcoming years backed by the rising research and development activities. Besides, the presence of numerous prominent functional protein manufacturers in the region would also aid growth. They are trying to expand their presence by participating in mergers and acquisitions.
- Europe: The market in this region would grow significantly because of the evolution of dietary patterns and increasing health consciousness among people. At the same time, the high demand for plant-based ingredients would drive the food and beverage industry in the region. Also, the surging adoption of flexitarianand vegan diets would propel the demand for functional proteins in this region.
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Key Players Focus on Acquisitions and New Product Launches to Intensify Competition
The global functional proteins market houses several renowned providers of functional proteins. They are mainly focusing on the acquisition strategy to co-develop and distribute their in-house products. A few others are aiming to launch innovative products to meet the high demand. Below are the two latest industry developments:
- January 2021: EverGrain, a sustainable ingredient company launched its new fiber ingredients and plant-based protein made from barley. The company aims to offer more nutritious options to customers who seek a sustainable and healthy future.
- January 2020: Burcon NutraScience and Merit Functional Foods joined hands with Nestlé to commercialize and develop unique plant protein ingredients of Merit. It will be utilized in Nestlé’s plant-based foods and beverages.
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