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Protein Ingredients Market Size By Product [Animal/Dairy Proteins (Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates, Casein/Caseinates, Gelatin), Plant Proteins (Wheat, Soy Protein Isolates, Soy Protein Concentrates, Canola, Pea, Textured Soy Protein)], By Application [Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed (Pet Food, Aquaculture), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI721
  • Published Date: Aug 2020
  • Report Format: PDF

Industry Trends

Protein ingredients market size is estimated to register over 7.5% CAGR between 2020 and 2026. Growing consumer demand for plant-based protein alternatives with growing consumer interest in foods that promote health and well-being will spur overall market demand.

Global protein ingredients industry is growing significantly owing to rapid growth of world population and rising consumer awareness related to health and nutritional foods. Rising consumer awareness related to the benefits of protein-rich diet has increased the demand for protein ingredients from dietary supplements, infant formulation, food & beverage industries across the globe.

Protein Ingredient Market

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Industry players are rapidly investing in research & development in an attempt to maximize sustainable, reliable production of high-quality protein which should boost product demand. Increasing innovation and inclusion of big data technologies, robotics and, more recently, blockchain technology for more secure and immediate transactions in the plant protein ingredients supply chain is projected to have positive impact on the protein ingredients market expansion.

The global production of plant protein products in 2018 accounted for over 8.5 million tons which includes canned and ambient meals, ready meals, meat-free products, baby foods, breakfast cereals and bars, non-dairy cheese, yoghurts and milks. Rising demand for plant protein products with increasing vegan and vegetarian population across the globe is projected to fuel plant-based protein ingredients industry trends over the forecast period.

Rising demand for plant protein products to foster the overall market share

Plant Protein Ingredients Market

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Plant-based protein ingredients market’s annual production is likely to surpass 3.5 million tons by 2026 owing to rising consumer awareness related environmental sustainability and activities related to protection of animal welfare. The economic value of plant-based diets, in terms of improvements in health, is estimated to be equal to or greater than their environmental benefits which will further boost product demand over the projected timeframe.

Animal protein ingredients including milk protein isolates, egg protein, casein or caseinates, gelatin, and whey protein accounted for major business share in protein ingredients industry. Casein and caseinate are used as binding agents in pharmaceutical, textile manufacturing, and cosmetics industries.

Whey protein is gaining importance in stress reduction, diet support, fat loss, mass gain, improvement in immune system, and cancer fighting. Strong application scope in food & beverage industry owing to its nutritional and functional properties should drive whey-based protein ingredients market demand over the foreseeable timeframe.

Whey protein concentrates (WPC) accounted for the largest share in whey protein product, as they are available in lower prices across all whey products and have comparable properties to other whey products. Numerous advantages of WPC including protein supplement for people trying to gain muscle is projected to fuel industry expansion.

Rapid penetration of pulse protein ingredients to foster market statistics

Protein Ingredients Market By Pea Protein

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Pea-based protein ingredients market is set to register over 13% CAGR through 2026 owing to rising demand for alternative plant protein ingredients. The plant-based protein industry is dominated by soy protein products, however, the demand for pulse protein ingredients including pea, beans, chickpeas and other pulse variety is witnessing significant growth as food manufacturers are employing these products in snacks to breakfast cereals.

Plant-based protein ingredients from innovative sources are at an early stage of development and producers are continuously innovating in development of alternative protein ingredients to succeed. Sourcing, formulation, isolation and functionalization, processing, and distribution are the primary areas of plant-based research that provides considerable opportunities to the producers for industry innovation across the value chain.

Rapid demand for nutraceutical products due to spread of COVID-19 will boost North American protein ingredients market forecasts

North America Protein Ingredients Market Revenue

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North America protein ingredients market’s annual demand is set to surpass 3 million tons by 2026 owing to increasing application scope in dietary supplements and growing demand for high performance products. U.S. accounted for the largest market share in global nutraceutical business. Favorable regulation in the U.S. along with new product development is projected to favor regional trends. Major market players in the region are taking initiatives of improving the existing product and repositioning products which may drive regional industry dynamics.

Stringent government regulations on protein ingredients to restrict market growth

Stringent government regulations related to labelling and inclusion in application industries is projected to hamper protein ingredients market trends. Plant-based product definitions and labelling regulations are inconsistent across markets and often hinder the visibility and placement of these products in application industries thereby restraining the market growth.

New product development and strategic partnerships remain pivotal growth strategies

Global protein ingredients market dominated by major players including Archer Daniels Midland (ADM), Cargill, CHS, Roquette, DuPont Solae along with several other small and medium scale manufactures. Companies are rapidly engaged in new product development, material research, marketing and branding initiatives in a bid to improve brand equity and capture maximum market share.

Manufacturers operating in the global market are incorporating innovative strategies such as launching a plant-based product line or altering ingredients and pursuing acquisitions to enhance their brand and product offering. Companies are diversifying, expanding, or adjusting product offerings to meet the current market trends through R&D and starting new plant-based companies to gain major market share in overall protein ingredients industry.

The protein ingredients market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Product

  • Plant Proteins
    • Wheat
    • Soy Protein Concentrates
    • Soy Protein Isolates
    • Textured Soy protein
    • Pea
    • Canola
    • Other
  • Animal/Dairy Proteins
    • Egg Protein
    • Milk Protein Concentrates/Isolates
    • Whey Protein Concentrates (includes WPC 80 and WPC)
    • Whey Protein Hydrolysates
    • Whey Protein Isolates
    • Gelatin
    • Casein/Caseinates

By Application

  • Foods & Beverages
  • Infant formulations
  • Personal care & cosmetics
  • Animal Feed

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE 
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Whey protein concentrates (WPC) held the largest revenue share in whey protein product segment, owing to availability at lower prices and its application as a protein supplement for muscle building.?

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 15
  • Tables & Figures: 450
  • Countries covered: 17
  • Pages: 350

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