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Protein Ingredients Market Share, Growth, Opportunities 2031
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Protein Ingredients Market Share, Growth, Opportunities 2031

Segments - Global Protein Ingredients Market by Source (Animal Source [Dairy Protein, Egg Protein, Gelatin and Others], Plant Source [Soy Protein, Wheat Protein, and Vegetable Protein]), Application (Animal Feed, Food & Beverage, Infant Formulations, Cosmetics & Personal Care, and Pharmaceuticals) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-741 | 4.1 Rating | 79 Reviews | 134 Pages | Format : PDF Excel PPT

Report Description


Global Protein Ingredients Market Outlook 2031

Global protein ingredients market was valued at USD 47.01 billion in 2022 and is estimated to reach USD 115.47 billion by 2031 register a substantial CAGR of 10.5% during the forecast period, 2023–2031. The growth of the market is attributed to growing demand for food products, such as cold cuts, margarine, spreads, bakery products, yogurt, and milk sausages, which are manufactured through protein ingredients.

Rising consumption of these products among elderly consumers and health-conscious is also driving the market growth. Furthermore, rapid growth in the innovation of various proteins by several manufacturers that account for a wide range of amino acids and perform certain functions, such as satiety, weight loss, muscle repair, and energy balance, is likely to expend the market. It also aids in providing vital amino acids which are required by healing cells as the human body is incapable of producing it. 

Global Protein Ingredients Market Outlook

The Covid-19 pandemic had both favorable and unpleasant impact on the protein ingredients market. The demand for protein-enriched food products observes moderate expansion among the global consumers, primarily with an aim to boost the immunity of the consumers.

On the other hand, the change in consumption patterns coupled with consumer purchasing behavior has impede the demand for protein ingredients; however, the government’s steps and strategies have helped to neutralized the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

  • Rising population, growing trends of urbanization, changing lifestyle, increasing number of women in professional spaces are leading consumers plump for health and wellness options which is likely to drive the market growth during the forecast period.
  • Increasing demand for protein-fortified foods to acquire the daily nutritious obligation. Furthermore, protein ingredients have appeared from being an unsought commodity to a desirable ingredient. These applications are projected to fuel the market expansion.
  • Protein foods are also beneficial in assisting weight-loss. Based on clinical trials, high-protein diets can aid to preserve lean body mass and keep a better body composition, which is likely to boost the market in coming years.
  • Gelatin is produced from the collagen of slaughtered animals such as cattle, fish, pigs and poultry. Individuals with dietary or religious restrictions that forbid the consumption of animal products is likely to avoid the consumption of gelatin; thereby, hindering the market growth of protein ingredients market
  • R&D investment and technological advancement in protein ingredients market are expected to offer lucrative opportunities for the market players.

Scope of The Protein Ingredients Market Report

The report on the global protein ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Protein Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Source (Animal Source [Dairy Protein, Egg Protein, Gelatin and Others], Plant Source [Soy Protein, Wheat Protein, and Vegetable Protein]), Application (Animal Feed, Food & Beverage, Infant Formulations, Cosmetics & Personal Care, and Pharmaceuticals)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company (ADM), DuPont de Nemours, Inc, and Fonterra Co-Operative Group Ltd., and others

Protein Ingredients Market Segment insights

The animal source segment is projected to constitute a large market share

Based on source, the protein ingredients market is segregated into animal and plant source. The animal source segment is further sub-divided into dairy protein, egg protein, gelatin and others, and the plant source is further sub-divided into soy protein, wheat protein, and vegetable protein. The animal segment is expected to account for a key share of over 70% of the market during the forecast period owing to its better nutritional profile over plant protein, its presiding usage in a larger number of end-use applications including functional beverages.

However, plant segment is expected to register significant growth in coming years due to the rising trend of veganism and the perception of plant-based products being healthier than animal-based products lead to increasing adoption of products such as wheat and soy. Moreover, plant proteins are relatively inexpensive compared to animal-derived.

Global Protein Ingredients Market Source

Food & beverage segment is expected to register a substantial CAGR

Based on application, the protein ingredients market is divided into animal feed, food & beverage, infant formulations, cosmetics & personal care, and pharmaceuticals. The food & beverage segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to advancements of protein ingredients in various functional food products to make them nutrient-rich.

Global Protein Ingredients Market Application

Asia Pacific is expected to dominate the market

In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The rising health consciousness and awareness about the positive effects of protein consumption is anticipated to boost the market growth over the coming years.

However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to rapid industrial growth, increasing disposable incomes, and the rising population.

Global Protein Ingredients Market Region

Segments

The global protein ingredients market has been segmented on the basis of

Source

  • Animal Source
    • Dairy Protein
    • Egg Protein
    • Gelatin
    • Others
  • Plant Source
    • Soy Protein
    • Wheat Protein
    • Vegetable Protein

Application

  • Animal Feed
  • Food & Beverage
  • Infant Formulations
  • Cosmetics & Personal Care
  • Pharmaceuticals

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Companies

Competitive Landscape

Key players competing in the global protein ingredients market include Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company (ADM), DuPont de Nemours, Inc, and Fonterra Co-Operative Group Ltd., and others

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Global Protein Ingredients Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protein Ingredients Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Protein Ingredients Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Protein Ingredients Market - Supply Chain
  4.5. Global Protein Ingredients Market Forecast
     4.5.1. Protein Ingredients Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Protein Ingredients Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Protein Ingredients Market Absolute $ Opportunity
5. Global Protein Ingredients Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Protein Ingredients Market Size and Volume Forecast by Applications
     5.3.1. Animal Feed
     5.3.2. Food & Beverage
     5.3.3. Infant Formulations
     5.3.4. Cosmetics & Personal Care
     5.3.5. Pharmaceuticals
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Protein Ingredients Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Protein Ingredients Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Protein Ingredients Demand Share Forecast, 2019-2026
7. North America Protein Ingredients Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Protein Ingredients Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Protein Ingredients Market Size and Volume Forecast by Applications
     7.4.1. Animal Feed
     7.4.2. Food & Beverage
     7.4.3. Infant Formulations
     7.4.4. Cosmetics & Personal Care
     7.4.5. Pharmaceuticals
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Protein Ingredients Demand Share Forecast, 2019-2026
8. Latin America Protein Ingredients Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Protein Ingredients Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Protein Ingredients Market Size and Volume Forecast by Applications
     8.4.1. Animal Feed
     8.4.2. Food & Beverage
     8.4.3. Infant Formulations
     8.4.4. Cosmetics & Personal Care
     8.4.5. Pharmaceuticals
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Protein Ingredients Demand Share Forecast, 2019-2026
9. Europe Protein Ingredients Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Protein Ingredients Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Protein Ingredients Market Size and Volume Forecast by Applications
     9.4.1. Animal Feed
     9.4.2. Food & Beverage
     9.4.3. Infant Formulations
     9.4.4. Cosmetics & Personal Care
     9.4.5. Pharmaceuticals
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Protein Ingredients Demand Share Forecast, 2019-2026
10. Asia Pacific Protein Ingredients Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Protein Ingredients Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Protein Ingredients Market Size and Volume Forecast by Applications
     10.4.1. Animal Feed
     10.4.2. Food & Beverage
     10.4.3. Infant Formulations
     10.4.4. Cosmetics & Personal Care
     10.4.5. Pharmaceuticals
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Protein Ingredients Demand Share Forecast, 2019-2026
11. Middle East & Africa Protein Ingredients Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Protein Ingredients Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Protein Ingredients Market Size and Volume Forecast by Applications
     11.4.1. Animal Feed
     11.4.2. Food & Beverage
     11.4.3. Infant Formulations
     11.4.4. Cosmetics & Personal Care
     11.4.5. Pharmaceuticals
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Protein Ingredients Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Protein Ingredients Market: Market Share Analysis
  12.2. Protein Ingredients Distributors and Customers
  12.3. Protein Ingredients Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Cargill Inc.
     12.4.2. Kerry Group Plc
     12.4.3. Arla Foods
     12.4.4. Archer Daniels Midland Company (ADM)
     12.4.5. DuPont de Nemours, Inc

Methodology

Our Clients

Microsoft
Honda Motor Co. Ltd.
FedEx Logistics
General Electric
Dassault Aviation
sinopec
Nestle SA
The John Holland Group