Functional Protein Market Size, Share, By Type (Casein and Caseinates, Soy Protein, Collagen, Egg Protein, Others), By Source (Animal-Based, Plant-Based), By Application (Functional Foods, Dietary Supplements, Sports Nutrition, Animal Nutrition, Personal Care and Cosmetics), By Form (Dry, Liquid), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI14619 | Publish Date: May 2024 | No. of Pages: 172

Global Functional Protein Market By Overview

Functional Protein Market Size was valued at USD 6.7 Billion in 2024 and is expected to reach USD 11.9 Billion by 2034 growing at a CAGR of 6.5%

Functional proteins comprise a blend of biologically active proteins that help in boosting the immune system. When taken in, they allow the body to absorb amino acids at a much faster rate than intact proteins, which helps deliver maximum nutrients to the muscle tissue. Such a fast rate of absorption thus makes functional proteins an excellent source for muscle maintenance, growth, and recovery and sets them apart from all other sources of protein. Consequently, they find broad applications in functional foods and beverages, nutritional supplements, and animal nutrition. Also related to this, functional proteins are of great importance as supplements in the biotechnology industry for cell cultures. All these benefits prove that functional proteins have versatile uses and are very important. The increasing demand for protein-enriched foods will be strongly influenced by the wide campaign through electronic media being undertaken by nutraceutical companies and through e-commerce.

Moreover, increasing market penetration of powdered drink mixtures, aided by product manufacturers such as General Foods Corporation innovations, is likely to continue driving up the consumption of functional proteins. Allergic reactions to plant-based proteins and diseases in poultry—the main sources of such proteins—are however challenges the functional protein market is facing. Despite these odds, growing applications and rising consumer awareness about health benefits from functional proteins are likely to continue driving demand, thus making them a vital ingredient in industries ranging from food and beverages to biotechnology. To that, add the ongoing protein-processing technologies that are continuous, and growing personalized nutrition to individual health requirements and preferences underpin the market growth. Due to the combined effects of all these factors, the functional protein market has a high growth potential in the future.

Global Functional Protein Market By Dynamics

Key Drivers of Target Market:

Functional Foods and Beverages Growth

  • The demand for functional foods and beverages is rapidly growing since people prefer value-added health benefits to be added to their basket. Protein-enriched foods and beverages are of prime importance since they provide the necessary nutrients required by the body to serve several health goals.

Shifting to Plant-Based Diets

  • Due to the vegetarianism and veganism trend, demand has recently increased for plant-based sources of protein. Soy, pea, and hemp proteins are in more demand, especially as sustainable, ethical, and allergen-free protein options.

Restrains:

Supply Chain Disruptions

  • Sourcing and supply of quality protein ingredients are subject to many factors, notably climate, geopolitics, and economic fluctuations. This can result in related disruptions in both the availability and cost of functional proteins.

Opportunities:

Personalized Nutrition Trends

  • This is where opportunities open up for functional proteins in the growing trend toward personalized nutrition, with products customized to meet individual health needs and tastes. This can help attract a broader consumer base by customizing protein solutions to respond to precise health goals such as weight management, muscle growth, or gut health.

Global Functional Protein Market By Segmentation

The market is segmented based on Type, Source, Application, Form and Region.

Type Insights:

  • Casein and Caseinates: Casein is an absorption protein, sourced from milk, which is rich in essential amino acids. Due to its thickening properties and emulsification, it finds major applications in the dairy industry in products such as cheese and yogurt. Caseinates refer to the salt forms of casein. They are more soluble in water and, in its light, it is used in the isolation of applications that require this protein, such as protein supplements, beverages, and processed foods. This includes calcium caseinate and sodium caseinate. Their absorption rates are considered slow, which are ideal for muscle protein synthesis in a long-protracted manner, favorable for sports nutrition and recovery products.
  • Soy Protein: Soybeans possess protein that can be formulated into soy protein concentrate, isolate, or hydrolysate. Soy protein concentrate has around 70% protein and is normally utilized in bakery products, breakfast cereals, and meat analogs. Soy protein isolate contains about 90% protein and is used in protein shakes, bars, infant formulas because the protein is highly pure and digestible. Hydrolyzed soy protein, already predigested for accelerated absorption, is targeted towards sports nutrition and medical foods. Soy protein has a full essential amino acid profile and is, therefore, a leader in demand for vegetarian and vegan diets.
  • Collagen: It is the most abundant protein in the human body and is necessary for maintenance of skin, joint, and bone health. Hydrolyzed collagen, otherwise known as collagen peptides, consists of collagen proteins broken down into smaller peptides to enhance absorption. The supplements are administered along dietary intake and mainly are present in functional foods and beverages. On the other hand, gelatin is the partially hydrolyzed collagen used for gelling; it is widely popular, especially in desserts, gummies confectionery, and a myriad of foodstuffs.  Its benefits to skin elasticity and joint health make collagen quite popular in both nutritional and personal care applications.
  • Egg Protein: The protein of an egg is a high-quality, complete source of protein derived from the egg whites, containing all the essential amino acids required for effective body functioning. It is easily digested and has high biological value. The most common applications of egg proteins include sports nutrition products, dietary supplements, and functional foods sectors, particularly protein bars and baked goods, in products related to the growth and repair of muscles.
  • Others include rice protein, hemp protein, and pea protein. Its hypoallergenic properties make it fit for gluten-free diets, thus it is widely recommended for sport nutrition and functional foods. Normally, hemp protein contains a good amount of omega-3 and omega-6 and is used in boosts, smoothies, protein bars, and health foods. Pea protein is easily digestible, hypoallergenic, and is one of the common proteins used in the manufacture of plant-based meat analogs, protein powders, and snacks.

Source Insights:

  • Animal-Based: Animal sources of proteins are mainly from dairy, meat, and eggs. The dairy proteins, such as whey and casein, find application in foods, sports nutrition, and supplement products owing to their quality amino acid profile as well as bioavailability. Meat proteins bear functional food applications and in general, for the formulation of specific dietary products, whereas egg proteins are of high biological value and are considered necessary for being used in sports nutrition, dietary products, and functional foods. The intake of various dietary proteins is of animal origin, mainly due to their complete amino acids and muscle-building potentials.
  • Plant based: From soy, pea, rice, hemp, and potato sources. Therefore, soy proteins are applied widely, such as in dairy analogs, meat alternatives, and dietary supplement foods, and they are complete as they contain all essential amino acids. The role of pea protein is considerable within applications for vegans and allergen-free products in the form of protein shakes, snacks, and plant-based meats. The rice protein will be used for hypoallergenic and gluten-free products, while hemp protein will have already known health benefits and, consequently, be used for the elaboration of health foods. Plant-based proteins are growingly taken up owing to the rising demand for sustainable and ethical protein sources.

Application Insights:

  • Functional Foods: Proteins can be incorporated into drinks, dairy products, baby food, and infant formula as fortified functional foods. Such protein-enriched drinks include shakes, smoothies, and dairy drinks that quickly become favorites of many people because of the convenience and overall health value offered. Dairy products enriched with any form of functional proteins help to serve health-oriented customers, much the same as yogurt and cheeses. Infancy formulas are enriched with proteins just for growth and development. Other functional foods are cereals, baked goods, and snacks all enriched with proteins, each offering different health benefits.
  • Dietary Supplements: These dietary supplements with functional proteins may be presented in capsules, in tablets, in powders, and in liquid forms. The capsule and tablet forms are easy to take and are incorporated with other essential nutrients. The proteins in powder forms are extensively used in shakes and meal replacements, among other combinations, so their intake is extremely flexible. Liquid form of protein supplements, which nowadays are ready to drink, is also convenient to take and easy to absorb, meeting all sorts of consumer requirements and health care situations.
  • Sports Nutrition: This segment involves protein bars, ready-to-drink beverages, protein powders, and energy-infusing drinks. Protein bars, as described, are very convenient for those who are always busy and at the same time need to supply their body with enough protein as food. Ready-to-drink beverages permit easy protein consumption after the workout period. Protein powders can be added to shakes in a versatile way, thus assisting in boosting energy and recovery. These products find application in the support of muscle growth, recovery, and the general performance of an athlete.
  • Animal Nutrition: This is applied in pet feed as well as livestock feed. Feed fortified with proteins keeps the pet healthy by making it grow healthy. Inclusion of protein supplements in the feeds of the livestock animals helps in digestion and the growth of the animals. This segment ensures that animals receive enough protein in their intake for proper development and good health.
  • Personal Care and Cosmetics: Proteins are used in personal care and cosmetic products due to their beneficially positive effects on the health of the hair and skin. Proteins in skin-formulations reinforce skin elasticity and increase the hydration of the skin. Proteins in personal care products are produced to attract consumers looking for beauty products to provide them with essential health benefits.

Form Insights:

  • Dry: The forms of functional proteins are powders, granules, capsules, and tablets. Protein powders represent the most common form and are present in supplements, functional foods, and sports nutrition. Granules are included in some food applications and supplements, whereas capsules and tablets are in the final form of dietary supplements, hence providing convenience in use. The possibilities with the form are multiple.
  • Liquid: The ready-to-drink forms of functional proteins also include liquid concentrates and liquid drops. The ready-to-drink beverages are more convenient and allow a faster intake of proteins compared to the other forms. The liquid concentrates are used in dietary supplements and a limited variety of foods. Liquid drops also are used on a large scale in personal care and cosmetics with respect to applicatory form. The form is meant for people who require convenience and faster absorption.

Regional Insights:

  • North America: High consumer awareness about health and wellness in the North American market acts as one of the prime drivers for the growing demand for functional proteins in dietary supplement, sports nutrition, and functional food applications. Key markets are United States and Canada where major industry players hold significant geographical presence and come out with innovative product offerings.
  • Europe already represents an established functional protein market, with a huge impetus from the sustainability and plant-based proteins. Market leaders in Europe include Germany, France, United Kingdom, Italy, and Spain, where consumer demand for healthy and ethically produced food products is high, and regulatory support is helping the market for functional foods and dietary supplements grow.
  • Asia-Pacific region is developing at a fast pace in the market for functional proteins as a result of greater health awareness and disposable incomes, combined with changing dietary preferences. Important markets presented within these countries include China, Japan, India, Australia, and South Korea, while growing demand is for sports nutrition, functional foods, dietary supplements, and others. Another trend in this area is the rise of interest in plant-based proteins.
  • Latin America: The market in Latin America is growing, mainly boosted by the increasing interest related to functional protein health benefits by consumers in the region. Important markets are Brazil and Argentina; the demand for sports nutrition, dietary supplements that are protein-enriched, and functional foods is growing. Further support for the market is the escalating middle class and increasing health consciousness.
  • Middle East and Africa: The Middle East and Africa are the regions forecasted to provide future expansion for the functional protein market. The key markets in the region include the UAE and South Africa. The growing health awareness and lifestyle of consumers drive the adoption of functional foods and dietary supplements. The market in this region is being fostered by its growing population, better economic conditions, and more consumer expenditure on products related to health and wellness.

Functional Protein Market Report Scope:

Attribute

Details

Market Size 2024

USD 6.7 Billion

Projected Market Size 2034

USD 11.9 Billion

CAGR Growth Rate

6.5%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

Type- Casein and Caseinates, Soy Protein, Collagen, Egg Protein, Others

Source- Animal-Based, Plant-Based

Application- Functional Foods, Dietary Supplements, Sports Nutrition, Animal Nutrition, Personal Care and Cosmetics

Form- Dry, Liquid

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Source, Application, Form and Region.

Segmentation:

By Type:

  • Casein and Caseinates
  • Soy Protein
  • Collagen
  • Egg Protein
  • Others

By Source:

  • Engine Control Unit
  • Printed Circuit Board
  • Sensor

By Application:

  • Functional Foods
  • Dietary Supplements
  • Sports Nutrition
  • Animal Nutrition
  • Personal Care and Cosmetics

By Form:

  • Dry
  • Liquid

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Functional Protein Market By Key Players

The key players operating the Functional Protein Market include Specialty Coating GSK group of companies, Herbalife International, Inc., Glanbia Plc, Amway, Nature's Bounty co., Fonterra Co-Operative group, Cargill, Inc., Makers Nutrition LLC, Optimum Nutrition, Inc., and Proliver BVBA.

Global Functional Protein Market By Key Issues Addressed

  • In February 2023, Nestle Introduced Plant-Based Protein Products Nestle is all set to roll out its new range of proteins from plant sources, under the brand Garden Gourmet. Launching in the market are plant-based chicken and fish alternatives which will fill the gap in meeting the desired vegan and vegetarian sources of protein.
  • In April 2023, PepsiCo takes stake in plant-based protein company Beyond Meat PepsiCo invested in the plant-based protein company Beyond Meat. The strategic investment will push PepsiCo's already available, diversified portfolio of products in plant-based proteins to yet another step and seize the emerging consumer demand for sustainable protein sources.

Global Functional Protein Market By Company Profile

  • GSK group of companies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Herbalife International, Inc.
  • Glanbia Plc.
  • Amway
  • Nature's Bounty co
  • Fonterra Co-Operative group 
  • Cargill, Inc.
  • Makers Nutrition LLC.
  • Optimum Nutrition, Inc 
  • Proliver BVBA. 

“*” marked represents similar segmentation in other categories in the respective section.

Global Functional Protein Market By Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Type
    • Market Snippet, By Source
    • Market Snippet, By Application
    • Market Snippet, By Form
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, Type, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Casein & Caseinates
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Soy Protein
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Collagen
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Egg Protein
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Source, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Animal-Based
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Plant-Based
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Functional Foods
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Dietary Supplements
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sports Nutrition
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Animal Nutrition
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Personal Care and Cosmetics
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Form, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Dry
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Liquid
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Form, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • GSK group of companies.
  • Herbalife International, Inc.
  • Glanbia Plc.
  • Amway
  • Nature's Bounty co
  • Fonterra Co-Operative group. 
  • Cargill, Inc.
  • Makers Nutrition LLC  
  • Optimum Nutrition, Inc 
  • Proliver BVBA. 

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Functional Protein Market Size was valued at USD 6.7 Billion in 2024 and is expected to reach USD 11.9 Billion by 2034, growing at a CAGR of 6.5%.

The Functional Protein Market is segmented into Type, Source, Application, Form and Region.

Factors driving the market include Functional Foods and Beverages Growth and Shifting to Plant-Based Diets.

The Functional Protein Market's restraints include Supply Chain Disruptions.

The Functional Protein Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Functional Protein Market include GSK group of companies, Herbalife International, Inc., Glanbia Plc, Amway, Nature\'s Bounty co., Fonterra Co-Operative group, Cargill, Inc., Makers Nutrition LLC, Optimum Nutrition, Inc., and Proliver BVBA.