The report further segments the global bioactive protein market by source (animal source and plant source) and by geography (North America, Europe, APAC, South America, and MEA).
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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global bioactive protein market:
- Growing adoption of functional foods and beverages
- Rising demand for bioactive proteins in nutrition-based products
- Increasing demand for cosmetics and personal care applications
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Growing adoption of functional foods and beverages
Functional foods and beverages provide additional health benefits alongside the basic nutrition. Nowadays, convenience and functional food products have become an integral part of our diet. Therefore, the demand for such food products is increasing. Bioactive proteins are the widely-known compounds used in the manufacturing of food and beverage products. The rising awareness of consumers about the advantages of natural food products is driving the growth of the global bioactive protein market.
According to Ajay Adikhari, a lead analyst at Technavio for bio-chemicals and bio-materials research, “Processed food or convenience food is commercially prepared food that can be consumed directly. This category includes packaged food or meals, canned foods, frozen foods, preserved foods, and instant food products. Such food is easy to consume, saves time, and has convenient packaging. With technological developments in the packaging industry, the range of convenience food has also expanded from chilled, frozen, and shelf-stable to microwaveable foods and prepared mixes.”
Rising demand for bioactive proteins in nutrition-based products
Vendors and researchers are concentrating on studying the inhibitory enzyme activities, antimicrobial, mineral and vitamin-binding proteins, immunosuppressing proteins, and the influence of various proteins on hormones. This will improve the functional and nutritional properties of bioactive proteins in the future. Therefore, the growing consumption of bioactive proteins in a broad range of functional food and beverage products will increase the demand during the forecast period.
Bioactive proteins and peptides are widely used in the nutrition-based food industry because of their high protein content. Bioactive proteins consist of most of the major essential amino acids. Proteins play an essential role in the prevention and protection against various diseases such as bacterial and viral infections, flu, heart diseases, and even cancer. Bioactive proteins are usually used in various nutritional products such as protein drinks, protein energy bars, protein powders, anti-inflammation supplements, nutritional supplements, and joint cartilage supplements.
Increasing demand for cosmetics and personal care applications
Proteins are extensively used in cosmetic and personal care applications such as color cosmetics, skincare products, shampoos, conditioners, soaps, bath products, fragrances and deodorants, and shaving foams and creams. Consumers in the US, the UK, Australia, Canada, France, China, India, Saudi Arabia, and Germany spend heavily on cosmetics. Therefore, the use of cosmetic products is high in these countries. This is further backed by the high disposable incomes.
“Bioactive proteins are usually used in various personal care formulations to provide functional properties such as anti-irritation and anti-aging effects. They are preferred in cosmetic products because of their high amino acid content,” says Ajay.
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