Scope of the Study
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.
The market study is being classified by Type (Hydrolysates, Whet Protein Concentrates, Whey Protein Isolates, Casein & Caseinates, Soy Protein and Others), by Application (Functional foods, Infant formula, Sports nutrition, Functional beverages, Dietary supplements and Animal nutrition) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Vendors which are also part of the research are InVivo (France) and John Pointon & Sons Ltd. (United Kingdom).
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Functional Protein market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Functional Protein market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Food Products with Increased Functionality
- Rising Usage of Functional Protein by End User Industries
- Inclination of Consumers towards the Healthy Diet
- 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.
- Increasing Popularity of Sports Nutrition among the Working Professionals
- Growing Animal Feed Industry in Developing Economies Including China, India, and Brazil
- Over Consumption of Functional Protein may Cause Health Issues
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 AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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