India Protein Market Size

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).

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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

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

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

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

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

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

Understand The Key Trends Shaping This Market

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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.

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