Protein Ingredients Market Analysis By Source (Animal-Based Proteins, Plant-Based Proteins), By Type (Isolates, Concentrates, Hydrolysates), By Form (Dry Form, Liquid Form), By Application (Food & Beverages, Animal Feed, Cosmetics & Personal Care, Pharmaceuticals) and by Region: Global Forecast, 2024 - 2034.
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 281
- CATEGORY
- Food & Beverages
Market Overview
The Protein Ingredients market is predicted
to develop at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2034,
when it is projected to reach USD 134.72 Billion, based on an average growth pattern.
The market is estimated to reach a value of USD 80.38 Billion in 2024.
SOURCE: We Market Research
A worldwide
industry, the protein ingredients market is centered on the production and
distribution of protein-based ingredients for food, drinks, supplements, and
animal feed. These proteins come from three different sources: plants (soy and
pea), animals (whey and casein), and other sources (algae and insects). Growing
health consciousness, the desire for plant-based diets, and sustainability issues
are what are propelling market expansion. The main obstacles are expense,
flavor and texture problems, and allergenicity. The market is growing quickly
as producers innovate to satisfy the many demands of consumers who are
concerned about their health and sustainable food production.
Growing health consciousness, the popularity of plant-based diets, and advancements in food and beverage products are driving the market for protein ingredients. Foods high in protein are more popular among consumers who want to gain muscle, control their weight, and feel better overall. Demand for plant-based proteins is increased by the growing popularity of vegan and vegetarian diets, while alternative proteins like those derived from insects and algae are encouraged by concerns about sustainability. The need for protein supplements is also fueled by fitness trends and an aging population. All of these elements work together to drive market expansion as producers adapt to satisfy changing demands from consumers who are concerned about their health and the environment.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 80.38 Billion |
|
Market
Forecast in 2034 |
USD 134.72 Billion |
|
CAGR % 2024-2034 |
5.3% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Source, By
Type, By Form, By Application and By Region |
|
Regional Scope |
North America, Europe,
APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Protein Ingredients Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Protein Ingredients Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Protein Ingredients Segmentation
Market- By Source Analysis
By Source, the Protein Ingredients Market is Categories into Animal-Based Proteins, Plant-Based Proteins. The Injectable segment accounts for the largest share of around 58% in 2024.
Animal-based proteins are driven by their
high nutritional value, including complete amino acid profiles, and strong
cultural and dietary preferences. They are also favored in traditional diets
and offer familiar taste and texture profiles that consumers are accustomed to.
The
following segments are part of an in-depth analysis of the global Protein
Ingredients market:
|
Market
Segments |
|
|
By Type |
·
Isolates ·
Concentrates ·
Hydrolysates |
|
By Form |
·
Dry Form ·
Liquid Form |
|
By
Application |
·
Food & Beverages ·
Animal Feed ·
Cosmetics & Personal Care ·
Pharmaceuticals |
Protein Ingredients Industry: Regional Analysis
North America Market Forecast
North America dominates the Protein Ingredients Market with the highest revenue generating market with share of more than 47%. North America leads the global market with high demand for both animal and plant-based proteins. This is driven by a strong focus on health and fitness, advancements in food technology, and a booming supplement industry. Consumers are increasingly seeking plant-based options due to growing health consciousness and environmental concerns.
Europe Market Statistics
In Europe, the
market is rapidly expanding due to a significant shift towards plant-based
proteins. This change is fueled by rising vegetarian and vegan lifestyles,
stringent health regulations, and heightened environmental awareness. The
region's regulatory framework and consumer trends strongly support the growth
of plant-based protein products.
Asia Pacific Market Forecasts
Asia Pacific is expected to be the fastest-growing regional segment of the Protein Ingredients market during the forecast period. Asia-Pacific is experiencing substantial growth due to rising disposable incomes, expanding middle-class populations, and increasing health awareness. Both animal and plant-based proteins are in demand, but there is a notable rise in plant-based protein interest as dietary preferences evolve and food processing industries expand across the region.
Key Market Players
The Protein Ingredients Market is dominated by a few
large companies, such as:
·
Cargill Inc.
·
Rousselot
·
Fonterra
·
Kerry Group Plc
·
BurconNutraScience
·
Arla Foods
·
Kewpie Corporation
·
The Scoular Company
·
Tessenderlo Group
· Archer Daniels Midland Company
1.
Global
Protein Ingredients Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Protein Ingredients
Market Scope and Market Estimation
1.2.1. Global Protein Ingredients Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Protein Ingredients
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Source of Global Protein
Ingredients Market
1.3.2. Type of Global Protein
Ingredients Market
1.3.3. Form of Global Protein
Ingredients Market
1.3.4. Applicationof Global Protein
Ingredients Market
1.3.5. Region of Global Protein
Ingredients Market
2.
Executive Summary
2.1. Market Dynamics
2.1.1. Drivers
2.1.2. Limitations
2.1.3. Opportunities
2.1.4. Impact Analysis of Drivers and
Restraints
2.2. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitutes
2.4.4. Threat of New Entrants
2.4.5. Competitive Rivalry
2.5. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Protein Ingredients
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Protein Ingredients
Market Estimates & Forecast Trend
Analysis, by Source
4.1. Global Protein Ingredients
Market Revenue (US$ Mn) Estimates and Forecasts, by Source, 2019 to 2034
4.1.1. Animal-Based Proteins
4.1.2. Plant-Based Proteins
5.
Global Protein Ingredients
Market Estimates & Forecast Trend
Analysis, by Type
5.1. Global Protein Ingredients
Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2034
5.1.1. Isolates
5.1.2. Concentrates
5.1.3. Hydrolysates
6.
Global Protein Ingredients
Market Estimates & Forecast Trend
Analysis, by Form
6.1. Global Protein Ingredients
Market Revenue (US$ Mn) Estimates and Forecasts, by Form, 2019 to
2034
6.1.1. Dry Form
6.1.2. Liquid Form
7.
Global Protein Ingredients
Market Estimates & Forecast Trend
Analysis, by Application
7.1. Global Protein Ingredients
Market Revenue (US$ Mn) Estimates and Forecasts, by Application,
2019 to 2034
7.1.1. Food & Beverages
7.1.2. Animal Feed
7.1.3. Cosmetics & Personal Care
7.1.4. Pharmaceuticals
8.
Global Protein Ingredients
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Protein Ingredients
Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Protein Ingredients Market: Estimates & Forecast Trend Analysis
9.1.
North
America Protein Ingredients Market Assessments & Key Findings
9.1.1. North America Protein
Ingredients Market Introduction
9.1.2. North America Protein
Ingredients Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By Source
9.1.2.2. By Type
9.1.2.3. By Form
9.1.2.4. By Application
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Protein
Ingredients Market: Estimates &
Forecast Trend Analysis
10.1. Europe Protein Ingredients
Market Assessments & Key Findings
10.1.1. Europe Protein Ingredients
Market Introduction
10.1.2. Europe Protein Ingredients
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By Source
10.1.2.2. By Type
10.1.2.3. By Form
10.1.2.4. By Application
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Protein
Ingredients Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Protein Ingredients
Market Introduction
11.1.2. Asia Pacific Protein Ingredients
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By Source
11.1.2.2. By Type
11.1.2.3. By Form
11.1.2.4. By Application
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Protein
Ingredients Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Protein
Ingredients Market Introduction
12.1.2. Middle
East & Africa Protein
Ingredients Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
12.1.2.1. By Source
12.1.2.2. By Type
12.1.2.3. By Form
12.1.2.4. By Application
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Protein Ingredients Market: Estimates
& Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Protein Ingredients
Market Introduction
13.1.2. South America Protein
Ingredients Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
13.1.2.1. By Source
13.1.2.2. By Type
13.1.2.3. By Form
13.1.2.4. By Application
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Protein Ingredients
Market Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Protein Ingredients
Market Competition White Space Analysis, By End-user
14.3. Global Protein Ingredients
Market Competition Heat Map Analysis, By End-user
14.4. Global Protein Ingredients
Market Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
Cargill Inc..
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. Rousselot
15.3. Fonterra
15.4. Kerry Group
Plc
15.5. BurconNutraScience
15.6. Arla Foods
15.7. Kewpie
Corporation
15.8. The Scoular
Company
15.9. Tessenderlo
Group
15.10. Archer Daniels
Midland Company
15.11. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & Conclusion
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Case Study- Automotive Sector
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Frequently Asked Questions
What is the market size of Protein Ingredients Market in 2024?
Protein Ingredients Market was valued at USD 80.38 Billion in 2024.
What is the growth rate for the Protein Ingredients Market?
Protein Ingredients Market size will increase at approximate CAGR of 5.3% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Protein Ingredients Market Are Cargill Inc., Rousselot, Fonterra, Kerry Group Plc, BurconNutraScience, Arla Foods, Kewpie Corporation, The Scoular Company, Tessenderlo Group, Archer Daniels Midland Company and Others.
Which region dominates the Protein Ingredients Market?
North America dominates the market with an active share of 47%.
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