Market Overview:
Protein Ingredients Market Size Was Valued at USD 60.0 Billion in 2022, and is Projected to Reach USD 101.6 Billion by 2030, Growing at a CAGR of 6.8% From 2023-2030.
Amino acids are the building blocks of protein, which is a crucial part of the human body. Protein ingredients come from a variety of sources, including plants, animals, insects, and microorganisms. These components are most well-known for their viscosity, foaming, emulsification, ability to bind water, and nutritional value. Increased demand for protein is also being driven by socioeconomic changes such as rising incomes, urbanization, and aging populations, where the contribution of protein to healthy aging is gradually being recognized and the role of protein in a healthy diet is being accepted. The global protein ingredients industry is growing rapidly due to significant growth in the global population and growing consumer awareness regarding health and nutritional foods.
Top Key Players Covered In The Protein Ingredients Market:
- Hilmar (Singapore)
- Danisco (Denmark)
- Archer Daniel Midland (US)
- Roquette (France)
- World Food Processing (Italy)
- ADM (US)
- Lactalis Ingredients (US)
- Cargill (US)
- Glanbia Foods (US)
- Manildra (Australia), and Other Major Players.
Market Dynamics and Factors:
Proteins are thought to be crucial for muscle growth because they aid in the recovery of injured muscle tissue. Protein powder use is rising among athletes, fitness fanatics, and everyday gym visitors as a result. Since they are known to be natural and chemical-free, plant protein components are also finding increasing use in sports nutrition products. Ingredients containing soy protein are valued highly because they include the full complement of amino acids found in dairy proteins. The market for protein ingredients is expected to grow quickly during the projected period due to the widespread use of protein components in sports and health supplements. Growing consumer awareness concerning the benefits of a protein-rich diet has rising the demand for protein ingredients from dietary supplements, infant formulation, and food & beverage sectors around the globe.
While more people are becoming vegan and interested in plant-based alternatives to animal protein, such as soy protein, which has a similar protein composition to animal protein, the market is presented with a lucrative opportunity. Furthermore, dairy protein contains a wide range of properties such as emulsification, gelling foaming, heat stabilization, and flavor color are helps to create opportunities for new protein-based products in the projected period. Rising developments and the inclusion of big data technologies, robotics, and, more recently, blockchain technology for more secure and immediate transactions in the plant protein ingredients supply chain are expected to have a positive impact on the protein ingredients market during the forecast period.
Protein Ingredients Market Report Highlight:
- By Product Type, the animal protein segment is anticipated to lead the growth of the Protein Ingredients market in the forecasted timeframe. due to a large number of end-use applications such as functional beverages, confectionary applications, and others which helps the growth of the protein ingredients market during the forecast period.
- By Application, the Food and beverages segment is expected to have the highest share of the Protein Ingredients market over the projected period. an increasing health awareness regarding obesity, diabetes, and good health has increased demand for protein-based, fat-free, and nutritious products help to the growth of the market.
- By form, the dry segment is set to develop at the highest CAGR during the forecasted timeframe. due to easy handling and convenient transportation, cost-effectiveness, maintaining ingredient quality, and stability are major key factors that help the growth of the market.
- The North American region is expected to have the highest share of the Protein Ingredients market over the projected period. n increasing demand for dietary supplements, high-performance products, animal-based protein, and others helps the growth of the market. In addition, stability in the spending of the consumers in the U.S. and changes in the Food Safety Modernization Act may mean that America’s food safety laws will concentrate more on the prevention of food abomination, rather than responding to claims of food adulteration.
Key Industry Development:
- In June 2023 - Roquette unveiled the new food innovation center, in Lestrem, France. This center will include a sensory analysis laboratory, a demonstration kitchen, and collaborative labs for pilot-scale testing of various plant-based ingredients.
- In May 2023 - Burcon NutraScience Corporation, a global manufacturer of plant-based proteins for the F&B industry, announced its strategic initiative called Burcon 2.0. The Burcon 2.0 strategy will offer pilot-scale plant protein processing as a service.
Protein Ingredients Market Segmentation:
By Product Type
- Animal Protein
- Plant Protein
- Insect Protein
- Microbial Protein
By Form
- Dry
- Liquid
By Application
- Food and Beverages
- Infant Formulation
- Animal Feed
- Pharmaceuticals
- Nutritional Supplements
- Cosmetics
- Others
For this report, Introspective Market Research has segmented the Protein Ingredients Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
