Protein Ingredients Market Size, Share & Trends Analysis Report By Type, By Form, By Application (Food and Beverages, Animal Feed, Nutrition and Health Supplements, Pharmaceuticals, Personal Care and Cosmetics, Other), By Region, And By Segment Forecasts, 2024-2031

Report Id: 1428 Pages: 177 Last Updated: 03 July 2024 Format: PDF / PPT / Excel / Power BI
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Segmentation of Protein ingredients Market-

By Type-               

  • Animal Protein Ingredients
  • Dairy Protein
    • Milk Protein
    • Whey Protein
  • Casein & Caseinates
  • Egg Protein
  • Gelatin
  • Other Animal Protein
  • Plant Protein Ingredients
  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
  • Potato Protein
  • Canola Protein
  • Corn Protein
  • Other Plant Protein
  • Insect Protein Ingredients
  • Microbial Protein Ingredients
  • Algae
  • Fungi
  • Others 

By Form-

  • Dry
  • Liquid

By Application-

  • Food and Beverages
  • Animal Feed
  • Nutrition and Health Supplements
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Other

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Chapter 1.  Methodology and Scope

1.1.  Research Methodology

1.2.  Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Protein Ingredients Market Snapshot

Chapter 4. Global Protein Ingredients Market Variables, Trends & Scope

4.1.  Market Segmentation & Scope

4.2.  Drivers

4.3.  Challenges

4.4. Trends

4.5.  Investment and Funding Analysis

4.6.  Industry Analysis – Porter’s Five Forces Analysis

4.7.  Competitive Landscape & Market Share Analysis

4.8.  Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1.  by Product Type & Market Share, 2023 & 2031

5.2.  Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Animal Protein Ingredients

5.2.1.1. Dairy Protein

5.2.1.1.1.              Milk Protein

5.2.1.1.2.              Whey Protein

5.2.1.2. Casein & Caseinates

5.2.1.3. Egg Protein

5.2.1.4. Gelatin

5.2.1.5. Other Animal Protein

5.2.2.  Plant Protein Ingredients

5.2.2.1. Soy Protein

5.2.2.2. Wheat Protein

5.2.2.3. Pea Protein

5.2.2.4. Rice Protein

5.2.2.5. Potato Protein

5.2.2.6. Canola Protein

5.2.2.7. Corn Protein

5.2.2.8. Other Plant Protein

5.2.3.  Insect Protein Ingredients

5.2.4.  Microbial Protein Ingredients

5.2.4.1. Algae

5.2.4.2. Fungi

5.2.4.3. Others

Chapter 6.  Market Segmentation 2: by Form Estimates & Trend Analysis

6.1. by Form & Market Share, 2023 & 2031

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Form:

6.2.1.     Dry

6.2.2.     Liquid

Chapter 7.  Market Segmentation 3: by Application Estimates & Trend Analysis

7.1.  by Application & Market Share, 2023 & 2031

7.2.  Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1.     Food and Beverages

7.2.2.     Animal Feed

7.2.3.     Nutrition and Health Supplements

7.2.4.     Pharmaceuticals

7.2.5.     Personal Care and Cosmetics

7.2.6.     Other

Chapter 8.           Protein Ingredients Market Segmentation 4: Regional Estimates & Trend Analysis

8.1.         North America

8.1.1.     North America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031

8.1.2.     North America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

8.1.3.     North America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

8.1.4.     North America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.2.         Europe

8.2.1.     Europe Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031

8.2.2.     Europe Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

8.2.3.     Europe Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

8.2.4.     Europe Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.3.         Asia Pacific

8.3.1.     Asia Pacific Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031

8.3.2.     Asia Pacific Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

8.3.3.     Asia-Pacific Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

8.3.4.     Asia Pacific Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.4.         Latin America

8.4.1.     Latin America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031

8.4.2.     Latin America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

8.4.3.     Latin America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

8.4.4.     Latin America Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.5.         Middle East & Africa

8.5.1.     Middle East & Africa Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031

8.5.2.     Middle East & Africa Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

8.5.3.     Middle East & Africa Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031

8.5.4.     Middle East & Africa Protein Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 9.           Competitive Landscape

9.1.         Major Mergers and Acquisitions/Strategic Alliances

9.2.         Company Profiles

9.2.1.     Cargill, Incorporated

9.2.2.     Archer Daniels Midland Company

9.2.3.     Dupont De Nemours and Company

9.2.4.     Kerry Group Plc

9.2.5.     Roquette Frères

9.2.6.     Ingredion Incorporated

9.2.7.     Arla Foods Amba

9.2.8.     Fonterra Co-Operative Group Limited

9.2.9.     Royal Friesland Campina N.V.        

9.2.10.   AMCO Proteins        

9.2.11.   Axiom Foods Inc.

9.2.12.   Glanbia Plc

9.2.13.   Gelita AG

9.2.14.   Kewpie Corporation

9.2.15.   Now Foods

9.2.16.   Ÿnsect SAS

9.2.17.   Enterra Feed Corporation

9.2.18.   Protix B.V.

9.2.19.   Entomo Farms

9.2.20.   Innovafeed

9.2.21.   Enviroflight, LLC

9.2.22.   DIC Corporation

9.2.23.   Taiwan Chlorella Manufacturing Company

9.2.24.   Sun Chlorella Corporation

9.2.25.   Tianjin Norland Biotech Co., Ltd.

9.2.26.   E.I.D. - Parry (India) Limited

9.2.27.   Algatechologies Ltd.

9.2.28.   Mycotechnology Inc.        

9.2.29.   3FBio Ltd.

9.2.30.   FEBICO (Far East Bio-Tec. Co., Ltd.)

9.2.31.   Other Prominent Players

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

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.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

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.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

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

The Protein Ingredients Market is expected to grow at an 8.09% CAGR during the forecast period for 2024-2031.

Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Kerry Group (Ireland), Roquette Freres

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