Asia Pacific Functional Proteins Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type; Source; Form; Application; and Country

The Asia Pacific functional proteins market is expected to grow from US$ 3,703.35 million in 2019 to US$ 6,342.99 million by 2027; it is estimated to grow at a CAGR of 7.1% from 2020 to 2027. Functional proteins are a mixture of biologically active proteins that supports and maintain normal immune function, in addition to contributing to the structure, function, and regulation of the body’s tissues and organs. The awareness among consumers regarding the benefits of functional proteins is contributing significantly to the market growth. The populace worldwide, especially that in developed and several developing countries, is inclined toward a healthy lifestyle and is spending considerable amounts on nutritional products. Functional proteins help keep a check on blood pressure, which is major cause of heart attracts, strokes, and chronic kidney diseases. Furthermore, escalating prevalence of obesity across Asia Pacific, which leads to various health issues such as heart disease, type 2 diabetes, stroke, and certain types of cancer, are contributing to the high demand for functional proteins in this region.

The Asia Pacific functional proteins market, based on type, is segmented into hydrolysates, concentrates, and isolates. The isolates segment led the market in 2019. Functional protein isolates are highly concentrated protein fractions obtained through wet processing of plant and animal sources. The protein separation is mainly based on the solubilization of protein followed by an isoelectric or an ultrafiltration process for subsequent recovery. A whey protein isolate is a dietary supplement, as well as a food ingredient, formed by separating components from whey, which is a by-product of the cheese-making process. Protein isolates, specifically pea protein isolates, are well absorbed and possess a myriad of functional benefits, including improved satiety, facilitating fat loss, and muscle gain.

The overall Asia Pacific functional proteins market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific functional proteins market with respect to all the segments pertaining to the regional market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the Asia Pacific functional proteins market. Major players catering to the market in Asia Pacific include APC INC.: FrieslandCampina: Abbott Nutrition: Archer Daniels Midland Company: Arla Foods Ingredients Group: Cargill Incorporated: Glanbia plc: DSM, Kerry and Saputo Ingredients.