Functional Protein Market Size, Share, Sales Channels Analysis 2028

The global functional protein market is expected to rise in the coming years, owing to the increasing demand for plant-based proteins and awareness about healthy dietary supplement consumption. Fortune Business Insights™ publishes this information in a report titled, "Functional Protein Market, 2021-2028". As per the report, the functional protein market size was USD 5.24 billion in 2020. The market size is expected to rise from USD 6.20 billion in 2021 to USD 15.98 billion by 2028 at a CAGR of 14.48% during the forecast period of 2021-2028.

Functional proteins allow repairing and building body tissues and coordinate bodily functions by encouraging metabolic reactions to take place efficiently. These proteins provide a structural framework to the body and maintain proper pH and fluid balance. Rising demand for plant-based proteins and dietary supplements to adopt a healthy lifestyle is likely to fuel the market growth during the forecast period.


List of Key Players Profiled in Market Report for Functional Protein:

DuPont Nutrition (U.S.)
Essentia Protein Solutions (U.S.)
Glanbia plc (Ireland)
ProtiFarm (Netherlands)
ADM (U.S.)
AMCO Proteins (U.S.)
DSM (Netherlands)
Merit Functional Foods (Canada)
Plantible Foods (U.S.)
Roquette Frères (France)
Browse A Complate Research Report:

https://www.fortunebusinessins....ights.com/functional

Segments:

Rising Protein Utilization in Meat & Poultry Application to Stimulate Growth

By source, the market is bifurcated into animal and plant-based proteins.

Based on the application, the market trifurcated into functional food & beverages, animal feed, and dietary supplements.

Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report provides complete information and factual data regarding market development and recent trends in product development strategies. Also, the report sheds light on the impact of the COVID-19 pandemic on market growth and industrial expansion globally. Furthermore, drivers and restraints affecting market development in segmented regions are highlighted in the report. Key market players and their business development strategy are discussed further, along with key industrial development in recent years.

Drivers & Restraints:

Rising Demand for Plant-Based Protein to Fuel Market

The market is expected to witness a high growth rate in the coming years due to the increasing consumption of dietary supplements and rising demand for plant-based proteins. These proteins are considered prominent alternatives to meat products to provide adequate protein. Consumers are willing to invest in health supplements and improve their immune systems to fight against viruses. Increasing demands for these proteins in competitive sports, body toning, and muscle-building activities are expected to drive the market during the projected period. These factors will likely ensure functional protein market growth in the coming years.

However, animal welfare sentiments may hinder the protein production sourced from the animal segment.

Regional Insights:

Asia Pacific Dominates Market Due to Rising Population

Asia Pacific dominates the global functional protein market share, where the region held its position by holding USD 1.82 billion in 2020. Increasing population and economic growth are attributed to exhibit exponential market growth in the coming years. Furthermore, rising income levels and increasing spending capacity of the population are anticipated to drive the market during the forecast period.

North America is expected to hold the second-largest global market share due to the rising dietary supplements consumption among the population. Increasing demand for these proteins on a daily basis is likely to boost the market and propel growth.

Competitive Landscape:

Innovative Product Development Allow Key Players to Sustain Market Position

Key players in the market focus on implementing innovative product development and differentiation strategies to propel growth and gain a competitive advantage. Also, the major companies focus on implementing growth strategies such as partnerships, alliances, acquisitions, and mergers.

Industry Developments:

July 2021: ADM acquired Soja protein, a popular European producer of non-GMO soy ingredients. This acquisition underlines the expansion of ADM's global alternative protein portfolio.
May 2020: Unilever entered into a partnership with food-tech firm ENOUGH to launch new plant-based meat products to market. The new product ABUNDA mycoprotein is a food ingredient containing essential amino acids and is high in dietary fiber.

Vegan Food Market Trends, Growth, Applications and Forecast 2021 to 2028

The global vegan food market size was valued at USD 23.31 billion in 2020. The market is expected to grow from USD 26.16 billion in 2021 to USD 61.35 billion by 2028, exhibiting a CAGR of 12.95% during the forecast period. Rising demand for the product and increasing health consciousness are expected to bolster the market development. Fortune Business Insights™ presents this information in its report titled “Vegan Food Market, 2021-2028.”

Strong demand for alternative dairy products and meat substitute products is expected to boost the adoption of vegan food. Rising awareness regarding the product’s benefits is expected to boost production adoption. Furthermore, rising health consciousness among consumers leads to the adoption of nutritional meat alternatives. Moreover, companies launch different and innovative products to improve their consumer base and enhance their brand image. These factors may propel market development in the coming years.

COVID-19 Impact

Rising Demand for Healthy Vegan Products to Bolster Market Development

This market is expected to grow positively during the COVID-19 pandemic due to the rising demand for healthy vegan products. Despite increase in cases, the demand for healthy products is expected to increase rapidly. Furthermore, the rising adoption of online shopping and e-commerce is expected to boost the adoption of food products. Moreover, the rising demand for a healthy and nutritional diet is expected to foster market development. These factors may propel the market growth during the pandemic.

Segments

Product Type, Distributional Channel, and Region are Studied

By product type, the market is segmented into vegan meat, vegan milk, and others. As per distributional channel, it is categorized into online retails, convenience stores, supermarkets/hypermarkets, and others. Geographically, it is grouped into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Browse Complete Report Summary:

https://www.fortunebusinessins....ights.com/vegan-food

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving & restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

List of Key Players Profiled in the Report

Danone S.A. (Paris, France)
Conagra, Inc. (Illinois, U.S.)
The Hain Celestial Group, Inc. (New York, U.S.)
Axiom Foods, Inc. (Los Angeles, U.S.)
DAIYA FOODS INC. (Burnaby, Canada)
Alpro (Wevelgem, Belgium)
Kellogg Company (Michigan, U.S.)
Amy’s Kitchen (California, U.S.)
Impossible Foods Inc. (California, U.S.)
Beyond Meat (California, U.S.)
Archer Daniels Midland Company (Illinois, U.S.)
Tofutti Brands, Inc. (New Jersey, U.S.)
Drivers and Restraints

Increasing Adoption of Innovative Products to Boost Market Progress

Strong demand for sustainable materials for food packaging and rise in awareness of animal cruelty are expected to bolster market development. The rising demand for innovative products is expected to bolster industry development. Furthermore, innovative products are expected to bolster market development. As per the information published by a science journal, dairy and meat products generate approximately 60% greenhouse gasses from the agricultural sector. These factors may drive the vegan food market growth.

However, the rising cost of vegan products is expected to bolster market development.



Regional Insights

Presence of Vegetarian Population to Boost Market Growth in North America

Asia Pacific is expected to dominate the vegan food market share due to the presence of vegetarian population in India. The market in Asia Pacific stood at USD 9.74 billion in 2020 and is expected to gain a huge part of the market share in the coming years. Furthermore, rising investments in innovative and novel products are expected to foster market development. These factors may propel market development in the coming years.

In North America, many vegan food consumers are expected to boost the product adoption. Furthermore, rising climate awareness and increasing partnerships among brands are expected to drive the growth of the industry.

In Europe, the presence of major consumer’s vegan consumers and major food chains such as Starbucks and Domino’s is expected to boost market development. Furthermore, rising climate awareness, vegan diet adoption, and the adoption of flexitarian diet are expected to nurture development.

Competitive Landscape

Companies Launch Novel Products to Boost Brand Image

Prominent companies operating in the market introduce novel products to attract consumers and boost brand image. For example, the U.S. retail corporation Target announced a sub-brand titled “Good & Gather Plant-based " in May 2021. The company aims to announce 30 novel plant-based vegan foods under the brand through this launch. Furthermore, companies devise research and development, mergers, acquisitions, and expansions to boost their market position. In addition, the rising adoption of technologically advanced production techniques may enable companies to reduce costs, enhance the production capacity, improve productivity, and achieve goals.

Industry Development

February 2021: France-based company Danone completed the acquisition of Follow Your heart for USD 6 million. The company aims to improve its capabilities to develop and launch novel vegan products in the industry.

Cream Market Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2028

The global cream market share was USD 17.21 billion in 2020. The market is likely to grow from USD 17.56 billion in 2021 to USD 23.11 billion in 2028 at a CAGR of 4.01% in the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Cream Market, 2021-2028.”

According to our researchers, a considerable amount of customers noted their inclination toward reducing their animal-based food intake, comprising dairy. This, in turn, is anticipated to boost the demand for plant-based creams and other by-products.

COVID-19 Impacts:

Supply Chain Commotions amid COVID-19 to Result in Revenue Deterioration

The COVID-19 pandemic effect has let the market to deteriorate by half of its development speed. The pandemic has evolved the buying pattern of customers. Numerous nations were in lockdown, and the global economy is under disaster owing to the pandemic. Owing to the lockdown, there have been several modifications in the purchasing pattern of consumers. Numerous government bodies inflict several guidelines and principles concerning the purchase of vital products.

Segments:

Source, Nature, Type, Application, and Region are Studied

Based on source, the global market is classified into dairy and non-dairy.

On the basis of nature, the market is divided into pasteurized and ultra-pasteurized.

In terms of type, the market is categorized into fresh, table, whipping, heavy, and others.

Based on application, the market is branched into commercial and household.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

List of Key Players Mentioned in the Report:

Amul (Gujarat, India)
Lactalis (Laval, France)
Arla Foods (Viby, Denmark)
Land O Lacks Inc., (Minnesota, U.S.)
Fonterra Co-operative Group (Auckland, New Zealand)
Dean Foods (Texas, U.S.)
Royal FrieslandCampina N.V. (Amersfoort, Netherlands)
Dairy Farmers of America Inc. (Kansas, U.S.)
Organic Valley (Wisconsin, U.S.)
Agropur (Longueil, Canada)
Browse Complete Report Summary:

https://www.fortunebusinessins....ights.com/cream-mark

Report Coverage:

The report offers a rounded examination of the market coupled with recent trends and forthcoming estimations to inaugurate proximate investment gains. An in-depth review of any imminent prospects, threats, struggles or driving aspects is also cited in the report. An exhaustive regional analysis is presented. COVID-19 influences have been added to the report to aid investors and business owners comprehend the intimidations better. The important players in the market are acknowledged, and their approaches to reinforce the market growth are shared in the report.

Drivers and Restraints:

Increasing Application of Product in Numerous Industries to Foster Growth

Conventionally, the product is broadly employed in the bakery and coffee industry, but, in past years, the growing application of the product in several industries such as alcohol and personal care is projected to navigate product sales. For example, in September 2020, Somrus declared the launch of Somrus Coffee Cream Liqueur. This novel product is produced from coffee and chicory combined with genuine dairy cream from Wisconsin and quintuple distilled Caribbean rum. This is expected to bolster the cream market growth.

Regional Insights:

Europe held the maximum cream market share and was valued at USD 5.39 billion in 2020, and the region is projected to remain in the dominating position in the global industry in the impending years. Numerous dairy products establish an indispensable part of the diet in many European nations, particularly France, the U.K., Germany, as well as Italy.

North America is estimated to be the second-most dominant region in regards of market share. Dairy and vegan cream stays dynamic in North America.

Regions such as Asia Pacific and South America are expected to observe considerable growth during the forecast period.

Competitive Landscape:

Vital Players Emphasize on Unveiling Attractive Products to Gain Competitive Benefit

Important players are relentlessly searching for effective tactics to implement in order to reinforce their global position. Among many such methods, one such stratagem is to instigate collective contracts and mergers. Another important strategy is presenting demanding products to safeguard customer satisfaction.

For instance, in September 2020, Starbucks declared the unveiling of vegan whipped cream based in the U.K. market. This novel soy-based vegan whipped cream has been formed by Alpro and has an easy-going, silky texture with slight hints of vanilla.

Industry Development:

May 2021 – Royal FrieslandCampina N.V. announced the launch of a new vegan whipping cream. This product is the vegan solution for dessert and bakery product manufacturers.

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