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Functional Proteins Market Size

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

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Functional Proteins Market Size

Functional Proteins Market size was valued at USD 6.4 billion in 2022 and is estimated to expand at over 6.2% CAGR from 2023 to 2032. Increasing awareness about the importance of a healthy lifestyle and balanced nutrition has led consumers to seek functional foods and beverages that provide additional health benefits. Functional proteins, such as whey protein, collagen, and plant-based proteins, are perceived as valuable components in promoting overall health and well-being.

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The popularity of sports nutrition products and the increasing number of individuals engaging in physical activities and exercise drive the demand for functional proteins. Protein supplements are widely used by athletes and fitness enthusiasts to support muscle recovery and growth.

Functional Proteins Market Report Attributes
Report Attribute	Details
Base Year:	2022
Functional Proteins Market Size in 2022:	USD 6.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 11.7 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Functionality, Application, Region
Growth Drivers:	Increasing sports activities Growing consumer awareness on health benefits Expansion of the beverage industry
Pitfalls & Challenges:	High cost of production Limited Stability Regulatory Compliance

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The extraction and purification of functional proteins can be expensive, especially for specialized proteins with specific health benefits. Certain functional proteins may have limited stability, especially under specific processing conditions or during extended shelf life. The use of functional proteins in food and beverage products is subject to regulatory scrutiny. Companies must comply with labeling requirements, health claims, and safety standards, which can vary across different regions.

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.