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.
| Report Attribute | Specifications |
| Market size value in 2023 | USD 56.27 Billion |
| Revenue forecast in 2031 | USD 104.80 Billion |
| Growth rate CAGR | CAGR of 8.09% from 2024 to 2031 |
| Quantitative units | Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments covered | Type, Form, Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| 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 |
| 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.). |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
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This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.