Protein Ingredients Market Size
Global Protein Ingredients Market reached USD 75.6 billion in 2022 and is expected to reach USD 125.1 billion by 2031 and is expected to grow with a CAGR of 6.5% during the forecast period 2024-2031. Consumers' increasing focus on health and wellness has led to the popularity of protein ingredients such as whey protein, casein protein, soy protein, pea protein, rice protein, hemp protein, and plant-based proteins.
Manufacturers in the market are continuously innovating to develop new protein ingredients formulations that cater to evolving consumer preferences and meet the demand for high-quality protein products. The protein ingredients market expansion is driven by the growing awareness of the importance of protein in maintaining a healthy diet and meeting nutritional needs. The protein ingredients market is witnessing robust growth driven by the growing demand for protein sources across various industries. These forms are valued for their nutritional benefits and functional properties, making them versatile and suitable for applications in the food and beverage, sports nutrition, and dietary supplement sectors.
The increasing popularity of food products that incorporate protein ingredients, including margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages is driving the global protein ingredients market size. These protein-enhanced food items are particularly favored by health-conscious individuals and elderly consumers who prioritize their well-being. The industry's growth is further propelled by the recognition of protein's role in supporting overall health and meeting dietary requirements.
Protein Ingredients Market Scope
| Metrics | Details |
| CAGR | 6.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Product, Form, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Orthopedic Surgery key Insights. |
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Protein Ingredients Market Trends
Rising Demand for Plant Protein Products Drives the Market Expansion
The protein ingredients market is set to experience a significant upswing driven by the increasing consumer awareness regarding environmental sustainability and animal welfare protection initiatives. Moreover, the economic value associated with plant-based diets, not only in terms of health benefits but also in terms of their positive impact on the environment, is expected to further drive the demand for protein ingredients in the forecast period. The recognition of the health benefits provided by plant-based diets, combined with their environmental advantages, is anticipated to fuel the growth of the market.
For instance on March 13, 2023, Shiru, an AI-powered discovery and development company for novel ingredients, launched OleoPro. OleoPro, an innovative fat ingredient derived from plant proteins, offers a versatile solution for various alternative protein food products. By combining plant proteins with unsaturated plant-based oil, OleoPro delivers a high-performance, sustainable, and nutritious alternative to traditional fat ingredients. Notably, it allows for a remarkable 90% reduction in saturated fat content while simultaneously improving technical performance in alternative meat applications.
The Growing Potential of Dairy Proteins Driving the Market Expansion.
The protein ingredients market is being driven by the growing potential of dairy proteins. There is a significant opportunity for growth in the dairy protein sector, as suppliers can tap into the increasing demand for protein ingredients. Consumers are increasingly interested in functional products and are seeking out the nutritional benefits offered by dairy proteins. This trend is particularly evident in Islamic nations and countries like India and Nepal, where cultural and religious factors influence the preference for dairy proteins over other animal-derived options. As a result, the dairy protein industry is playing a key role in propelling the growth of the protein ingredients market.
The Strict Government Regulations on Protein Ingredients
The stringent government regulations pertaining to labeling and industry inclusion are anticipated to hinder market growth. Inconsistencies in the definitions and labeling regulations for plant-based products across different markets pose challenges in terms of visibility and market placement, thereby restraining the growth potential. Furthermore, the varying regulatory procedures for measuring protein quality globally create barriers for manufacturers looking to incorporate protein ingredients in the food and beverage industry.
Protein Ingredients Market Segmentation Analysis
The global protein ingredients market is segmented based on product, form, application, and region.
In the Global Market of Protein Ingredients, By Form, the Dry Segment Holds the Largest Market Share.
The dry protein ingredient segment is experiencing significant growth within the protein ingredient market. There is a rising demand for dry protein ingredients due to their convenience, versatility, and long shelf life. Dry protein ingredients provide a concentrated source of protein that can be easily incorporated into various food and beverage applications.
The growth of the dry protein ingredient segment is fueled by several factors. The consumers are increasingly seeking out protein-rich products as part of a healthy and balanced diet. Dry protein ingredients offer a convenient way to boost protein content in a wide range of products, including protein bars, powdered nutritional supplements, baked goods, and beverages.
Additionally, the expanding market for plant-based and vegan products is driving the demand for dry protein ingredients sourced from plant sources such as soy, pea, rice, and hemp. For instance, on February 24, 2021, Arla Foods Ingredients launched a novel dry-blend protein ingredient that enables infant formula manufacturers to lower production expenses without compromising safety or quality. The company asserts that this innovative product helps manufacturers maintain the highest standards while achieving cost efficiency in the production of infant formula.
Protein Ingredients Market Geographical Share
The North America Region Held the Largest Share in Protein Ingredients Market.
The global Protein Ingredients market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The North America Protein Ingredients market held the largest market share of approximately 36.6% in 2022 in the Protein Ingredients market analysis.
The protein ingredients market is experiencing significant growth in the North America region. The demand for protein ingredients in North America is on the rise, driven by factors such as increasing consumer awareness of health and wellness, the popularity of fitness and sports nutrition products, and the growing adoption of plant-based diets.
Consumers in North America are increasingly seeking protein-rich foods and beverages to support their active lifestyles and dietary preferences. This has led to a surge in demand for protein ingredients that can be incorporated into a wide range of products, including protein bars, shakes, snacks, and meal replacements. For instance, on June 22, 2022, Fonterra JV, in collaboration with Tillamook Country Creamery Association (TCCA) and Three-Mile Canyon Farm, has established a joint venture to introduce Pro-Optima TM, a high-quality functional whey protein concentrate (fWPC) in the United States.
Protein Ingredients Companies
The major global players in the market include DuPont, Rousselot, ADM, Burcon, Tessenderlo Group, Kewpie Corporation, Roqutte, Freres, The Scoular Company, CHS, Inc., and Mead Johnson & Company, LLC.
COVID-19 Impact Analysis on Market
The COVID-19 pandemic has had a profound impact on the protein ingredients market. While the closure of restaurants and foodservice establishments resulted in reduced demand and disrupted supply chains, shifting consumer behaviors and preferences created opportunities in other areas. With people spending more time at home, there was a surge in demand for pantry staples, including protein ingredients for home cooking and baking, benefiting segments such as plant-based proteins and protein powders.
However, travel restrictions and transportation disruptions hindered the import and export of protein ingredients, leading to supply shortages and increased prices in some regions. Stricter regulations and guidelines for food safety and hygiene practices necessitated adjustments in manufacturing processes. Moreover, the shift towards online retail and direct-to-consumer sales channels opened up new distribution avenues. Companies that adapted their operations, embraced digital transformation, and responded to changing consumer needs were better positioned to navigate the challenges and capitalize on emerging opportunities in the protein ingredients market during the pandemic.
By Product
- Plant Proteins
- Animal Proteins
By Form
- Dry
- Liquid
By Application
- Foods & Beverages
- Infant Formulations
- Personal Care & Cosmetics
- Animal Feed
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On February 02, 2023, Sensus America launched new plant-based protein to its ingredient portfolio. This protein isolate is specifically designed to address the challenges faced in plant-based dairy applications, particularly in replicating the creamy texture found in animal dairy products.
- On September 5, 2022, Arla Foods Ingredients a Denmark based company launched plug-and-play protein bar solution that allows brands to increase the protein content in the mass, filling, and coating without increasing size or compromising on taste or texture.
- On June 23, 2022, Roquette the France based company launched two rice proteins, a bold move that adds a new botanical origin to its current portfolio. Roquette presented NUTRALYS rice protein as a reliable and nutritious alternative protein, offering consumers a familiar and safe option with exceptional quality and production standards. The introduction of Roquette's rice protein marks an important milestone in their dedication to fostering a plant-based culinary experience that promotes healthier lifestyles.
Why Purchase the Report?
- To visualize the global protein ingredients market segmentation based on product, form, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of protein ingredients market-level with all segments.
- The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global protein ingredients market report would provide approximately 93 tables, 109 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
