Protein Ingredients Market Size Worth $85.5 Billion By 2028

The global protein ingredients market size totaled USD 38.5 billion in 2020. The market is anticipated to expand at a CAGR of 10.5% from 2021 to 2028. The clinically proven nutritional benefits of protein ingredients products have increased their demand in past few years from the biopharmaceutical industry. Moreover, the growing awareness regarding nutritional deficiency problems has changed the consumer shift towards protein ingredients-based food products over conventional products. These factors are contributing to the market growth and are further expected to fuel the market expansion.

The significant change in the consumer lifestyle and purchasing choices has transformed the food industry over the period. The increasing number of diseases, obesity, diabetes and many more health concerns have made the population indulge in a healthy lifestyle. Protein ingredients-based products demand has spiked due to this lifestyle change and it is estimated to increase gradually during the forecast period. The functionalities and nutritional aspects of the protein ingredients products are propelling the market growth.

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Protein Ingredients Market Report Highlights

• Based on product insights, the animal-based protein ingredients segment led the market accounting for over 70% of the total market revenue share in 2020 owing to their health-benefit properties. Whereas plant-based proteins are quite inexpensive as compared to animal-based products. Additionally, the growing adoption of veganism in some regions has developed the demand for plant-based proteins. Hence, the plant-based protein is estimated to follow the growth of the animal-based protein with a CAGR of 12.9% during the forecast period

• Based on application insight, protein-based ingredients have taken a higher place in the making of liquid beverages. The ready-to-drink beverages have become a boon to fitness enthusiastic people. Before hitting the workout drinking the beverage provides an ample amount of energy and lowers the chances of weakness

• Based on regional insights, North America dominated the protein ingredients market accounting for over 40% of the total market revenue share in 2020. The shifting inclination of consumers for healthy and fast ready-to-eat food products is bolstering the market growth in the region

• Asia Pacific market is set to bolster during the forecast period as developing countries such as China and India are increasing investments into the health benefitting packaged food products. Additionally, easy access to the raw materials in these regions is accrediting the market expansion 

Protein Ingredients Market Segments

Protein Ingredients Product 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 Ingredients Application 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
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • India
    • 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