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Protein Ingredients Market Size
Protein Ingredients Market size crossed USD 42 billion in 2022 and is projected to showcase over 7.9% CAGR from 2023 to 2032.
The growing consumer awareness pertaining to several health and nutritional food products will accelerate the market expansion. Protein ingredients have evolved increasingly popular as they promote good health, hair, and skin as well as improve hormone levels in women. Of late, consumers are turning to several protein-based products to aid muscle recovery, build muscles and promote healthy weight loss. Rising adoption in infant formulations will also boost the demand for protein ingredients.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 42 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.9% |
| 2032 Value Projection: | USD 90 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 434 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The global market for soy protein ingredients is set to cross USD 15.7 billion by 2032. The growing competition from soy based products is likely to limit the preference for protein ingredients to a considerable extent. On account of its multiple health benefits, soy protein is increasingly used for replacing animal proteins in an individual's diet. The rising preference for soybeans considering their rich fiber, calcium, zinc, iron, and vitamin B content will also limit the adoption of protein ingredients.
Protein Ingredients Market Analysis
Protein ingredients market share from food & beverage application segment will cross USD 47 billion by 2032, attributed to growing consumption of meat worldwide. The surging need for nutritional and functional characteristics as well as high biological value has spurred the increase in the consumption of natural healthy products. The growing popularity of plant-based proteins is another impact rendering factor for the industry expansion. For instance, Roquette, in June 2022, introduced two rice proteins for adding a new botanical option to its current portfolio.
Based on product, the animal/dairy protein ingredients market size will surpass USD 90.9 billion by 2032. The rising consumer awareness pertaining to meat quality is driving the preference for animal-based protein ingredients. In addition to providing all the essential amino acids, animal-based protein render lower risk of heart diseases and improved weight control. The increasing rate of health consciousness among consumers will also contribute to the product preference. The market for animal feed protein ingredients is likely to cross USD 555 billion by 2032.
The whey protein concentrates segment will grow significantly through 2032, with the increasing burden of chronic diseases, including heart disorders, colorectal cancer, and strokes. Benefits, such as high carbohydrate along with low cholesterol level and fat are other factors influencing the market demand.
Asia Pacific protein ingredients market size will record more than 9% CAGR between 2023 and 2032, owing to the rapidly growing food & beverage business in the region. It has been estimated that nearly 3% of the total GDP in India is held by the food & beverages industry. The surging consumer purchasing capacities, mainly in India, Malaysia, China, and Indonesia will also influence the adoption of protein ingredients. According to the UN World Food Programme, people in India spend an average of 3.5% of their daily income on food.
Protein Ingredients Market Share
Some of the leading companies involved in the protein ingredients market include
- DuPont Solae
- Bunge Ltd
- Archers Daniel Midland (ADM)
- Cargill Inc
- Mead Johnson NutrMead Johnson Nutrition Company
- Burcon NutraScience Corporation, CHS
- The Scouler Company
- Roquette
- Kewpie Corporation
- MGP Ingredients, Inc.
- Rousselot
- Tessenderlo Group
- CropEnergies AG
- Fonterra Co-operative Group
Protein Ingredients Market News
- DuPont, in February 2022, bought Laird Performance Materials from Advent International in a bid to reinforce critical capabilities and offerings in electromagnetic shielding and thermal management to match the needs of emerging electronic applications
This protein ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:
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Market, 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
Market, By Application
- Food & beverage
- Infant formulations
- Personal care & cosmetics
- Animal Feed
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Portugal
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Thailand
- Malaysia
- Indonesia
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Saudi Arabia
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