Market Size of Protein Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Protein Ingredients Market Analysis
The global protein ingredients market is poised to grow at a CAGR of 6.32% during the forecast period (2020 - 2025).
- Protein ingredients are consumed to maintain the level of proteins in the human body as they are the best source to keep the body fit. The human body is incapable of producing vital amino acids which are required for healing cells.
- The highly matured sports nutrition and functional beverage industries drive the growth of protein ingredients in the global market. Canada and Mexico have emerged as major importers of whey, over the past few years. The Asia-Pacific youth population that extensively uses whey protein for bodybuilding, has been generating considerable demand.
- The leading players such as Roquette Frères and others witnessed the slowdown of the sales and product innovation due to the fact that many companies had to shut down laboratories as an impact of COVID-19. However, surge in the demand for plant-based protein ingredients further strengthen the growth of market.
Protein Ingredients Industry Segmentation
The global protein ingredients market is segmented by source, which is classified as the animal source, and plant source. The animal source is sub-segmented into dairy protein, egg protein, gelatin, and others and similarly, plant source is classified as soy protein, wheat protein, and vegetable protein. By application, the market is classified as animal feed, food & beverage, infant formulations, cosmetics & personal care, and pharmaceuticals. Also, the study provides an analysis of the protein ingredients market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Protein Ingredients Market Size Summary
The protein ingredients market is experiencing significant growth, driven by the increasing demand for health and wellness products. This demand is fueled by trends such as urbanization, an aging population, and lifestyle changes that encourage consumers to seek protein-fortified foods. These ingredients have transitioned from being a basic commodity to a valuable component in nutrition, aiding in weight management and improving body composition. The COVID-19 pandemic further amplified this trend, as consumers sought to boost their immunity through protein-enriched diets. The market is characterized by a strong presence in North America, where health consciousness is high, and Europe, although facing maturation, remains a key player. The Asia-Pacific region is emerging as a lucrative market due to industrial growth and rising disposable incomes.
The global protein ingredients market is also witnessing a shift towards plant-based proteins, driven by the rise of veganism and the demand for sustainable food sources. Major industry players like Cargill Inc., Kerry Group Plc, and Arla Foods are actively innovating and expanding their product offerings to cater to this growing segment. Recent developments include the launch of new protein ingredients with enhanced nutritional profiles and strategic partnerships to enter the plant-based market. These initiatives reflect the industry's response to evolving consumer preferences and the increasing importance of protein ingredients in the global food landscape.
Protein Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Source
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2.1.1 Animal Source
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2.1.1.1 Dairy Ingredients
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2.1.1.1.1 Whey Protein Concentrates
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2.1.1.1.2 Whey Protein Hydrolysates
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2.1.1.1.3 Whey Protein Isolates
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2.1.1.1.4 Casein & Caseinates
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2.1.1.2 Egg Protein
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2.1.1.3 Gelatin
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2.1.1.4 Others
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2.1.2 Plant Source
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2.1.2.1 Soy Protein
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2.1.2.1.1 Soy Protein Isolates
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2.1.2.1.2 Soy Protein Concentrates
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2.1.2.1.3 Textured Soy Protein
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2.1.2.2 Wheat Protein
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2.1.2.3 Vegetable Protein
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2.2 By Application
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2.2.1 Animal Feed
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2.2.2 Food & Beverage
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2.2.2.1 Food
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2.2.2.2 Beverage
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2.2.2.3 Supplements
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2.2.3 Infant Formulations
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2.2.4 Cosmetics & Personal Care
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2.2.5 Pharmaceuticals
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Protein Ingredients Market Size FAQs
What is the current Protein Ingredients Market size?
The Protein Ingredients Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)
Who are the key players in Protein Ingredients Market?
Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company and BASF SE are the major companies operating in the Protein Ingredients Market.
