Functional Protein Market Introduction:
Proteins are the most important molecules in our cells. Proteins are involved virtually in every cell function. Some proteins contribute in structural support, while others are involved in defense against germs. Functional Proteins are essential in day to day life to keep the body working. Since functional proteins are used to develop, grow and maintain every part of our body — from our skin and hair to our digestive enzymes and immune systems it is not limited for athletes but it is the requirement of every individual. Demand for plant proteins in beauty and personal care products is expanding. For example, hydrolyzed soy protein is rich in amino acids, which are considered to be one of the best for both skin and hair.
Functional Protein Market Segmentation:
Functional Protein market is segmented by types, by form, by source, by application and by distribution channels.
By type, functional protein market is segmented into whey concentrate, casein protein, hydrolyzed protein, egg albumin, soy protein, whey isolates, and milk protein isolate. Whey protein is anticipated to dominate the functional protein market regarding type segment over the forecast period. Whey protein is the most consumed functional protein because of its properties as an ideal protein source as it is carbohydrate free, fat-free, and almost lactose-free and cholesterol free.
By form, functional proteins market is segmented into powder and liquid forms.
By source, functional protein market is segmented into the animal source and plant source. By application, functional protein market is segmented into animal nutrition, functional food, functional beverages, and dietary supplements.
Global functional protein market is further segmented on the basis of sales channel, which includes direct and indirect sales channel. Indirect sales channel is further sub-segmented as modern trade, pharmacy stores, specialty stores and e-retailers. Among all these sub-segment e-retailers is expected to represent substantial growth in the global functional protein market. Increasing consumer influence towards being fit n healthy is expected to support the e-retailers growth during the forecast period.
Functional Protein Market Regional Outlook:
With increasing demands of the health conscious population, North America is anticipated to lead the functional protein market, and it is expected to dominate the market during the forecast period. Rising popularity of sports nutrition and weight management nutrition is driving the market growth in Europe followed by North America. Changing lifestyle and collective awareness about health benefits of functional protein in Asia Pacific region is the reason behind market growth from last few years. Concerns related to health and increasing demand for nutrition products among youth is expected to drive the demand of functional protein in the APAC region.
Functional Protein Market Drivers and Restraints
Increasing risk of cardiovascular disease and high blood pressure among individuals across the globe is expected to increase the demand for functional proteins as they are well known for lowering blood pressure. Increasing number of millennial are inclined towards fitness and gymnastics, owing to which functional protein market sales is expected to increase significantly over the forecast period as functional protein helps in boosting muscle mass, manage weight, and maintaining bone density. Increasing awareness among consumers regarding the benefits of functional proteins is expected to boost the demand for the same over the forecast period.
The restraints of Functional protein market includes the allergic disease to plants or outburst of diseases in poultry as plants and animals are the primary sources of functional proteins.
Functional Protein Market Key Players:
Key players of functional protein markets are GSK group of companies, Glanbia Plc, Herbalife International, Inc., Fonterra Co-Operative group, Amway, Nature's Bounty co., Cargill, Inc., Optimum Nutrition, Inc., Makers Nutrition LLC, Proliver BVBA.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.