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India Protein Market Size

The India Protein Market is experiencing significant growth, with the food and beverage segment leading in market size due to the increasing demand for protein functionalities and awareness of protein-rich diets. The market's expansion is further driven by the rising popularity of baby food and infant formula, which are gaining traction among consumers for their nutritional benefits. Additionally, the supplements segment, particularly sports/performance nutrition, is growing as consumer engagement in sports and physical activities rises. The Indian government's initiatives to enhance healthcare accessibility also align with the market's growth trajectory, reflecting a broader commitment to health and well-being.

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Market Size of india protein Industry

India Protein Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.4 Billion
svg icon Market Size (2029) USD 1.88 Billion
svg icon Largest Share by End User Food and Beverages
svg icon CAGR (2024 - 2029) 6.08 %
svg icon Fastest Growing by End User Personal Care and Cosmetics
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Protein Market Analysis

The India Protein Market size is estimated at 1.4 billion USD in 2024, and is expected to reach 1.88 billion USD by 2029, growing at a CAGR of 6.08% during the forecast period (2024-2029).

1.4 Billion

Market Size in 2024 (USD)

1.88 Billion

Market Size in 2029 (USD)

5.91 %

CAGR (2017-2023)

6.08 %

CAGR (2024-2029)

Largest Market by Source

65.38 %

value share, Plant, 2023

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Immense availability, functionality, vegan protein source, and low price of soy, wheat, and pea have contributed to the country's leading position of plant proteins.

Largest Market by End User

71.15 %

value share, Food and Beverages, 2023

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F&B is driven mainly by the meat and beverage sectors. The multifunctionalities of plant protein imparted in these products, as well as rising Indian taste for vegan meals.

Fastest Growing Market by Source

6.51 %

Projected CAGR, Animal, 2024-2029

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Animal proteins with claims such as organic, sustainable, and grass-fed are boosting sales in the segment. Gelatin and collagen are the fastest growing sub-segments.

Fastest Growing Market by End User

10.19 %

Projected CAGR, Personal Care and Cosmetics, 2024-2029

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Protein-enriched skin, body, and hair care products are on the rise. Players offering protein ingredients with distinct concentration as per the need is boosting the segment.

Leading Market Player

2.39 %

market share, Südzucker AG, 2021

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Suedzucker AG, with its subsidiary BENEO, adopted to change in consumer tends in nutritional choices and functionalities to strengthen its market position in the country.

Increasing awareness of protein functionalities and growing consumer knowledge resulted with increasing segmental revenue

  • The food and beverage segment led protein applications in the region, accounting for a major volume share. The segment is further projected to record a CAGR value of 6.38% during the forecast period. The demand for protein in the food and beverage segment is primarily driven by the increasing demand for protein functionalities and awareness about protein-rich diets. The meat/poultry/seafood and meat alternatives products sub-segment accounted for a major volume share of 31.47%, followed by the dairy and dairy alternative products segment, with 23.2%, in 2022. 
  • Applications in the baby food and infant formula sub-segment are likely to outpace others, with a projected CAGR value of 8.74% during the forecast period. The rising public awareness of children's nutrition and ideal development can be linked to the expansion of baby food items, which are popular among consumers to give infants and young children extra vitamins to boost their immunity and overall health. The Indian government launched the National Health Mission with the aim to make healthcare affordable and accessible to everyone, aligning with the United Nations' Sustainable Development Goal 3 (Good Health and Well-Being).
  • The supplements segment is mainly driven by sports/performance nutrition, projected to record a CAGR value of 4.51% during the forecast period, attributed to the rising consumer engagement in sports and physical activities. Around two lakh new gyms have been opened in the past two years, supported by increasing interest in sports leagues, such as the Chinese Super League and Indian Premier League, which provide a solid platform for the development of sports nutrition and associated ingredients markets.
India Protein Market

India Protein Industry Segmentation

Animal, Microbial, Plant are covered as segments by Source. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User.

  • The food and beverage segment led protein applications in the region, accounting for a major volume share. The segment is further projected to record a CAGR value of 6.38% during the forecast period. The demand for protein in the food and beverage segment is primarily driven by the increasing demand for protein functionalities and awareness about protein-rich diets. The meat/poultry/seafood and meat alternatives products sub-segment accounted for a major volume share of 31.47%, followed by the dairy and dairy alternative products segment, with 23.2%, in 2022. 
  • Applications in the baby food and infant formula sub-segment are likely to outpace others, with a projected CAGR value of 8.74% during the forecast period. The rising public awareness of children's nutrition and ideal development can be linked to the expansion of baby food items, which are popular among consumers to give infants and young children extra vitamins to boost their immunity and overall health. The Indian government launched the National Health Mission with the aim to make healthcare affordable and accessible to everyone, aligning with the United Nations' Sustainable Development Goal 3 (Good Health and Well-Being).
  • The supplements segment is mainly driven by sports/performance nutrition, projected to record a CAGR value of 4.51% during the forecast period, attributed to the rising consumer engagement in sports and physical activities. Around two lakh new gyms have been opened in the past two years, supported by increasing interest in sports leagues, such as the Chinese Super League and Indian Premier League, which provide a solid platform for the development of sports nutrition and associated ingredients markets.
Source
Animal
By Protein Type
Casein and Caseinates
Collagen
Egg Protein
Gelatin
Insect Protein
Milk Protein
Whey Protein
Other Animal Protein
Microbial
By Protein Type
Algae Protein
Mycoprotein
Plant
By Protein Type
Hemp Protein
Pea Protein
Potato Protein
Rice Protein
Soy Protein
Wheat Protein
Other Plant Protein
End User
Animal Feed
Food and Beverages
By Sub End User
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Confectionery
Dairy and Dairy Alternative Products
Meat/Poultry/Seafood and Meat Alternative Products
RTE/RTC Food Products
Snacks
Personal Care and Cosmetics
Supplements
By Sub End User
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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India Protein Market Size Summary

The India Protein Market is experiencing significant growth, driven by increasing consumer awareness and demand for protein-rich diets. The food and beverage segment dominates the market, with a substantial share attributed to meat, poultry, seafood, and dairy products. The rising popularity of baby food and infant formula, fueled by heightened awareness of children's nutrition, is expected to outpace other segments. The supplements sector, particularly sports and performance nutrition, is also on the rise, supported by the growing interest in fitness and sports activities. The market is further bolstered by government initiatives like the National Health Mission, which aims to enhance healthcare accessibility and align with global health goals.

The market landscape is characterized by a diverse range of applications, including functional foods, beverages, and personal care products containing whey protein. The demand for plant-based products, such as vegan collagen, is gaining traction due to a strong preference for natural and ayurvedic options. India's position as a leading milk producer supports the growth of animal protein production, although challenges remain in utilizing byproducts effectively. The market is fragmented, with major players like Archer Daniels Midland Company and Fonterra Co-operative Group Limited holding significant shares. Recent developments, such as new protein ingredient launches and strategic mergers, indicate a dynamic and evolving market environment.

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India Protein Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Source

      1. 1.1.1 Animal

        1. 1.1.1.1 By Protein Type

          1. 1.1.1.1.1 Casein and Caseinates

          2. 1.1.1.1.2 Collagen

          3. 1.1.1.1.3 Egg Protein

          4. 1.1.1.1.4 Gelatin

          5. 1.1.1.1.5 Insect Protein

          6. 1.1.1.1.6 Milk Protein

          7. 1.1.1.1.7 Whey Protein

          8. 1.1.1.1.8 Other Animal Protein

      2. 1.1.2 Microbial

        1. 1.1.2.1 By Protein Type

          1. 1.1.2.1.1 Algae Protein

          2. 1.1.2.1.2 Mycoprotein

      3. 1.1.3 Plant

        1. 1.1.3.1 By Protein Type

          1. 1.1.3.1.1 Hemp Protein

          2. 1.1.3.1.2 Pea Protein

          3. 1.1.3.1.3 Potato Protein

          4. 1.1.3.1.4 Rice Protein

          5. 1.1.3.1.5 Soy Protein

          6. 1.1.3.1.6 Wheat Protein

          7. 1.1.3.1.7 Other Plant Protein

    2. 1.2 End User

      1. 1.2.1 Animal Feed

      2. 1.2.2 Food and Beverages

        1. 1.2.2.1 By Sub End User

          1. 1.2.2.1.1 Bakery

          2. 1.2.2.1.2 Beverages

          3. 1.2.2.1.3 Breakfast Cereals

          4. 1.2.2.1.4 Condiments/Sauces

          5. 1.2.2.1.5 Confectionery

          6. 1.2.2.1.6 Dairy and Dairy Alternative Products

          7. 1.2.2.1.7 Meat/Poultry/Seafood and Meat Alternative Products

          8. 1.2.2.1.8 RTE/RTC Food Products

          9. 1.2.2.1.9 Snacks

      3. 1.2.3 Personal Care and Cosmetics

      4. 1.2.4 Supplements

        1. 1.2.4.1 By Sub End User

          1. 1.2.4.1.1 Baby Food and Infant Formula

          2. 1.2.4.1.2 Elderly Nutrition and Medical Nutrition

          3. 1.2.4.1.3 Sport/Performance Nutrition

India Protein Market Size FAQs

The India Protein Market size is expected to reach USD 1.40 billion in 2024 and grow at a CAGR of 6.08% to reach USD 1.88 billion by 2029.

In 2024, the India Protein Market size is expected to reach USD 1.40 billion.

India Protein Market Report Snapshots

India Protein Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029