The global protein ingredients market size is poised to total USD 85.5 billion by 2028. The market has accumulated a valuation of USD 38.5 billion in 2020 and is estimated to exhibit growth at a CAGR of 10.5% from 2021 to 2028. The market growth is attributed to the rising awareness of protein consumption benefits among the larger population. Moreover, people are more inclined towards healthy food products to maintain fitness and good health.
The availability of food products containing protein ingredients in the form of tasty food such as bakery products, yogurt, sausages, margarine, and others is rising their demand in the global market. Moreover, the manufacturers are now focusing on developing protein ingredient products to gain momentum. For instance, some manufacturers are including amino acids in the products to increase specific functions such as satiety muscle repair, weight loss, and keeping the energy balance. This in turn is anticipated to boost the market expansion during the forecast period.
Strong withhold of the market globally is making an impact on the global economy and has become a boon to people across the globe. Product innovation and technological advancements are the major factors in the development of products. Hence, protein ingredients are substantially taking place in various functional foods, and diverse applications. Moreover, the consumer faith in the product benefits has accredited the market valuation. During the forecast period, the market is aspired to reach the acme of growth.
Protein Ingredients Market Key Takeaways
- Animal-based proteins accounted for the largest market revenue share of 70% in 2020. Animal-based products provide health benefits and increase one’s strength, help in building muscles and provide required nutrition. The high effect of animal-based products is propelling their demand in the global market, augmenting segment growth
- Owing to the personal care and cosmetics industry application, the cereal-based ingredients segment is anticipated to register significant growth during the forecast period
- Based on application, the food and beverage segment accounted for over 40% of the total market revenue share in 2020. Among all products, whey protein ingredients are affordable and are extensively in demand from the bakery and confectionary industries. Moreover, technology has enhanced the quality of whey protein products
- North America accounted for the largest market share of 40% in the global protein ingredients market in 2020. As the lifestyle is blending in the region, the need for fast and easy health products is aggrandizing. Key players operating in the region are quite aware of the situation and hurdling to cater to consumer needs for low-fat, cholesterol-free, healthy food products. These factors are benefitting the protein ingredient market growth in the region
- Germany dominated the market in Europe in terms of revenue in 2020. The market in the region is driven by the agitating demand for nutritional products to maintain the bone and muscles Additionally, to prevent Alzheimer’s disease, the demand for protein ingredients and food products has increased in the region significantly.
Protein Ingredients Market Segments
- Protein IngredientsProduct Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Plant Proteins
- Cereal-based
- Legumes-based
- Root-based
- Nuts & Seeds-based
- Ancient Grains
- Animal/Dairy Proteins
- Egg Protein
- Milk Protein Concentrates/Isolates
- Whey Protein Concentrates
- Whey Protein Hydrolysates
- Whey Protein Isolates
- Gelatin
- Casein/Caseinates
- Collagen Peptides
- Microbe-based Proteins
- Algae
- Bacteria
- Yeast
- Fungi
- Insect Proteins
- Coleoptera
- Lepidoptera
- Hymenoptera
- Orthoptera
- Hemiptera
- Diptera
- Others
- Protein IngredientsApplication Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- Food & Beverages
- Bakery & Confectionery
- Beverages
- Breakfast Cereals
- Dairy Alternatives
- Dietary Supplements/Weight Management
- Meat Alternatives & Extenders
- Snacks
- Sports Nutrition
- Others
- Infant Formulations
- Clinical Nutrition
- Animal Feed
- Others
- Protein Ingredients Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America (CSA)
- Middle East & Africa (MEA)
- List of key players of the Protein Ingredients Market
- DuPont
- Rousselot
- Fonterra
- Archer Daniels Midland Company
- Burcon NutraScience
- Tessenderlo Group
- Kewpie Corporation
- Roquette Frères
- The Scoular Company
- CHS Inc.
- Mead Johnson & Company, LLC
- Cargill, Incorporated
