The Protein Ingredients Market Size is valued at 56.27 Billion in 2023 and is predicted to reach 104.80 Billion by the year 2031 at an 8.09% CAGR during the forecast period for 2024-2031.
Amino acids, which are usually referred to as building blocks as they are connected in long chains, are the components of protein. It is frequently referred to as a "macronutrient," which signifies that humans require significant amounts of it to remain healthy. Protein is an essential component of skin, cartilage, muscles, and bones.
Growing consumer awareness of wholesome and nutritious food products is one of the key reasons responsible for the growth of the global market for protein ingredients. The popularity of fitness clubs among young people throughout the world fuels the development of the protein ingredients market. The need for protein ingredients as health supplements is causing the global market for protein ingredients to expand rapidly. The increasing consumption of processed foods and caffeinated drinks among consumers all over the world is helping to drive the expansion of the global market for protein ingredients. Diets high in protein and low in carbs are becoming more popular, which is expected to propel the market.
The global protein ingredients market expansion is a goal that all governments strive to achieve. The government is making investments to grow the food and beverage sector. This is having a direct impact on the market for protein ingredients worldwide growth and expansion. Similarly, emerging market governments work with market participants to broaden their market reach. The government also runs awareness campaigns to encourage individuals to eat more protein-rich foods. Thus, the global market's growth is driven by all the causes mentioned above.
The protein ingredients market is segmented based on type, form, and applications. Based on type, the protein ingredients market is segmented as animal protein ingredients (Dairy Protein, Milk Protein, Whey Protein, Casein & Caseinates, Egg Protein, Gelatin and Other Animal Protein), plant protein ingredients (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein, Canola Protein, Corn Protein and Other Plant Protein) and insect protein ingredient (Microbial Protein Ingredients, Algae, Fungi and Others). By application, the market is segmented into food and beverages, animal feed, nutrition and health supplements, pharmaceuticals, personal care, and cosmetics and others. By form, the protein ingredients market is segmented into dry and liquid.
The animal protein category is expected to hold a major share in the global protein ingredients market in 2024. Animal protein ingredients offer several health benefits backed up by credible scientific research and acknowledged by the government's food regulatory agencies. The market is expected to increase rapidly throughout the projected period due to the high demand for animal ingredients. For instance, whey boosts levels of glutathione (GSH), improves nutritional status, and boosts immunity in cancer patients receiving chemotherapy.
The food and beverage sector propels the global market for protein ingredients. Consumers seek high-quality products with enticing flavours and excellent nutritional values, positively boosting the market for protein ingredients worldwide. Further, process design and technology improvements have raised the quality of highly refined whey products like demineralized whey, WPIs, and WPCs. The rising use of protein ingredients to create various functional food products that are more nutrient-rich because of developments is anticipated to grow the market.
The North America protein ingredients market is accounted to register the largest revenue share in the protein ingredients market soon. Changes in eating habits, dietary requirements, and a preference for vegetarian protein sources are the leading market drivers for protein ingredients in North America. Other Factors driving the global protein ingredients market growth are anticipated to be aided by rising consumer demand for goods, including energy bars, snacks, and cold cereals.
Furthermore, Asia Pacific region is estimated to be the fastest-growing protein ingredients market during the forecast period. Animal and plant protein ingredients are in high demand, fueling the Asia-Pacific market's expansion for protein ingredients. The rise of the food and beverage, healthcare, and economic sectors are the main drivers boosting the Asian-Pacific region's demand for protein ingredients.
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 56.27 Billion |
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Revenue forecast in 2031 |
USD 104.80 Billion |
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Growth rate CAGR |
CAGR of 8.09% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Type, Form, Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Kerry Group (Ireland), Roquette Freres (France), Arla Foods amba (Denmark), Fonterra Co-Operative Group Limited (New Zealand), Royal FrieslandCampina N.V. (The Netherlands), AMCO Proteins (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), GELITA AG (Germany), CHS Inc. (U.S.), Kewpie Corporation (Japan), Omega Protein Corporation (U.S.), Hilmar Ingredients (U.S.), AgriProtein (South Africa), Crespel & Deiters GmbH & co. kg (Germany), Ÿnsect (France), Farbest Brands (U.S.), Enterra Feed Corporation (Canada), Sotexpro (France), Protix (The Netherlands), Now Foods (U.S.), Entomo Farms (Canada), Cosucra Groupe Warcoing SA (Belgium), DIC Corporation (Japan), Taiwan Chlorella Manufacturing Company (Taiwan), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), MycoTechnology Inc. (U.S.), and 3Fbio Ltd. (U.K.). |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
By Type-
By Form-
By Application-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
