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Protein Ingredients Market Size

  • Report ID: GMI721
  • Published Date: May 2023
  • Report Format: PDF

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.

 

Protein Ingredients Market

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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.

 

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of protein ingredients was worth more than USD 42 billion in 2022 and will grow at 7.9% CAGR from 2023 to 2032, owing to the growing consumer awareness pertaining to several health and nutritional food products.

The food & beverage applications will reach USD 47 billion by the end of 2032, due to the growing consumption of meat worldwide.

Asia Pacific market size will witness over 9% CAGR through 2032, attributed to the rapidly growing food & beverage business in the region.

DuPont Solae, Bunge Ltd, Archers Daniel Midland (ADM), Cargill Inc, Mead Johnson NutrMead Johnson Nutrition Company, Kewpie Corporation, Burcon NutraScience Corporation, CHS, The Scouler Company, and Roquette are some of the prominent industry players.

Protein Ingredients Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 434
  • Countries covered: 20
  • Pages: 350
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