North America Functional Protein Market Size & Outlook
North America functional protein market highlights
- The North America functional protein market generated a revenue of USD 1,717.6 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, hydrolysates was the largest revenue generating product in 2023.
- Hydrolysates is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,717.6 million |
| Market revenue in 2030 | USD 2,536.9 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Hydrolysates |
| Fastest growing segment | Hydrolysates |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrolysates |
| Key market players worldwide | Fonterra Co-operative Group, Arla Foods, Kerry Group PLC Class A, Glanbia PLC, Schneider Electric SE, Saputo Inc, FrieslandCampina |
Other key industry trends
- In terms of revenue, North America region accounted for 26.3% of the global functional protein market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,536.9 million by 2030.
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Functional Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FrieslandCampina | View profile | 10001+ | Amersfoort, Utrecht, The Netherlands, Europe | https://www.frieslandcampina.com |
| Fonterra Co-operative Group | View profile | 10001+ | Auckland, Auckland, New Zealand, Oceania | http://fonterra.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | http://www.arla.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Saputo Inc | View profile | 19200 | 6869 Metropolitain Boulevard East, St-Leonard, Montreal, QC, Canada, H1P 1X8 | https://www.saputo.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America functional protein market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional protein market will help companies and investors design strategic landscapes.
Hydrolysates was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America functional protein market based on hydrolysates covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of functional protein market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America functional protein market , including forecasts for subscribers. This continent databook contains high-level insights into North America functional protein market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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