According to a report, the Antibodies Market is projected to experience growth from USD 5.27 Billion in 2020 to USD 8.22 Billion by 2028, with a CAGR of 5.8% during the forecast period. The market’s expansion is mainly attributed to the increased demand for animal-derived proteins in sports and fitness nutrition and the development of different protein ingredients such as isolates and concentrates for food industry applications.
Antibodies are widely used in various applications, such as food and beverages, dietary supplements, and infant formula, owing to the growing demand for food products with enhanced functionalities. The market’s growth during the forecast period is expected to be driven by the ability of functional protein manufacturers to develop separate protein ingredients such as concentrates, isolates, and other forms for various food products such as beverages, dairy products, infant formula, dietary supplements, and confectionery products.
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According to the report’s key findings, the market for whey protein concentrates is anticipated to grow the most, reaching USD 1.60 billion in 2026, with a CAGR of 6.8% during the forecast period. Furthermore, the market for dietary supplements is predicted to hold the most significant market share and is expected to reach USD 2.82 billion in 2026, with a CAGR of 8.9% during the forecast period.
The report identifies major players in the Antibodies Market:
Koninklijke DSM (Netherlands), Archer Daniels Midland Co. (US), Cargill, Inc. (US), BASF S.E. (Germany), Ingredion Inc. (US), Roquette Frères (France), Darling Ingredients Inc. (US), Omega Protein Corp. (US), DowDuPont (US), Kemin Industries Inc. (US), InVivo (France), John Pointon & Sons Limited (UK), and others.
Some of the notable innovations in the Antibodies market:
In recent years, the Functional Proteins Market has witnessed several notable innovations. One significant advancement is the development of different types of protein ingredients, including concentrates and isolates, for food industry applications. Manufacturers have been able to create specialized protein ingredients for various food products, such as dairy products, infant formula, dietary supplements, beverages, and confectionery products.
Another notable innovation is the increasing use of plant-based proteins as a source of functional proteins. The consumption of plant-sourced proteins such as soy protein and pea protein has experienced robust growth, particularly in the Asia Pacific region, due to the growing demand for functional foods and dietary supplements.
Moreover, the demand for functional proteins from animal sources has been on the rise due to their better nutritional and flavor profile. Animal protein is used as a protein source for product innovation by many food and beverage manufacturers and is a primary ingredient in several milk-based products.
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