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, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI721  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 350   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Rising world demand for protein due to rapid population growth to augment market growth

Protein ingredients market size exceeded USD 36.5 Billion, in 2019 and is estimated to grow at 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 market demand. 

Protein Ingredient Market

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Owing to rapid growth of world population and rising consumer awareness related to health and nutritional foods, the demand for animal and plant protein ingredients has witnessed significant growth. 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 ingredients are ideal for nutraceutical applications on account of essential amino acid which has medicinal benefits. Whey protein and soy protein is gaining importance in the nutraceutical sector. Positive outlook of plants-based protein ingredients to help in reducing heart risk, cancer, and cardiovascular diseases is projected to propel product demand over the forecast timeframe.

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 outlook.

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 market trends over the forecast period.

Protein Ingredients Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:36.5 (USD) Billion
Forecast Period:2020 to 2026
Historical Data for:2015 to 2019
No. of Pages:350
Tables, Charts & Figures:450
Segments covered:Product, Application
Growth Drivers:
  • Scientific evidence towards increasing health benefits
  • Technological innovations
  • Rising novel applications usage
  • Nutraceutical applications in the U.S. and APAC
Pitfalls & Challenges:
  • Fluctuating soybean prices
  • Growing threat from soy based products

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Rising demand for plant protein products to foster the market share

Plant Protein Ingredients Market

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The global plant-based protein ingredients industry 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. In addition, 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.

Increasing consumer interest towards diversification of protein sources is expected to spur demand for plant protein ingredients. The booming plant-protein industry is developing novel functional foods and value-added products that replace animal proteins which will further boost the demand for plant protein ingredients. Plant-based protein ingredients applications are now expanding beyond dietary supplements towards cosmetics and pharmaceuticals, animal feed and pet food, which will further increase the business share.

Animal protein ingredients including milk protein isolates, egg protein, casein or caseinates, gelatin, and whey protein accounted for major industry share in protein ingredients market. 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 protein 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 demand.

WPC are increasingly consumed for weight reduction, as a regular intake of the product results in low cell stress and stable sugar levels, which help in weight loss. The growing obesity concern across the globe is expected to have a positive impact on market growth.

Rapid penetration of pulse protein ingredients to foster market share

Protein Ingredients Market By Pea Protein

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Global pea-based protein ingredients market is likely 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. In addition, 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 to boost North American protein ingredients market outlook

North America Protein Ingredients Market Revenue

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North America protein ingredients industry demand should 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 industry statistics.

North America accounted the major share in the global plant-based protein ingredients market. In Canada, sales of plant-based protein products witnessed demand growth of 7% reaching to USD 1.5 billion in the 2017 indicates significant growth opportunities for animal-protein alternatives and meat replacements thereby driving regional market growth.

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. In addition, regulatory procedures for measuring protein quality varies across the globe which will further impose barriers on manufacturers incorporating protein ingredient in food & beverage industry globally.

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. In addition, 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

Frequently Asked Questions (FAQ) :

These products will witness demand in North America, owing to increasing adoption in dietary supplements and rising demand in nutraceuticals. North America industry may exceed 3 million tons by 2026.
In 2018, the production of plant protein products including yoghurts, cheese, ready meals, baby foods, etc., worldwide was over 8.5 million tons. Increasing demand for plant protein products and rising vegan trends will push the segment growth.
The global plant-based protein ingredients market may cross 3.5 million tons by 2026, driven by increasing consumer awareness toward environmental safety, rising need for animal welfare, and economic viability of plant diets.
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.?

Premium Report Details

  • Published Date: Aug 2020
  • Pages: 350
  • Tables: 415
  • Charts / Figures: 35
  • Companies covered: 15
  • Countries covered: 17

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