Protein Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Protein Ingredients Market Analysis
The global protein ingredients market is poised to grow at a CAGR of 6.32% during the forecast period (2020 - 2025).
- Protein ingredients are consumed to maintain the level of proteins in the human body as they are the best source to keep the body fit. The human body is incapable of producing vital amino acids which are required for healing cells.
- The highly matured sports nutrition and functional beverage industries drive the growth of protein ingredients in the global market. Canada and Mexico have emerged as major importers of whey, over the past few years. The Asia-Pacific youth population that extensively uses whey protein for bodybuilding, has been generating considerable demand.
- The leading players such as Roquette Fr猫res and others witnessed the slowdown of the sales and product innovation due to the fact that many companies had to shut down laboratories as an impact of COVID-19. However, surge in the demand for plant-based protein ingredients further strengthen the growth of market.
Protein Ingredients Market Trends
This section covers the major market trends shaping the Protein Ingredients Market according to our research experts:
Rising Health Benefits Associated with Protein
Growing trends of urbanization, increasing geriatric population, lifestyle changes, increasing number of women in professional spaces are resulting in consumers opting for health and wellness options. Demand is increasing for protein-fortified foods to meet the daily dietary requirement, and protein ingredients have emerged from being a low-profile commodity to a value-enhancing ingredient. Protein foods are also beneficial in preventing weight gain since they make us feel full and require more work for the body to digest them. Based on clinical trials, high-protein diets can help preserve lean body mass and keep a better body composition. Additionally, as an impact of the COVID-19 pandemic, the demand for protein-enriched food products witnessed a significant upsurge among the global consumers, mainly with an aim to boost the immunity level of the consumers, thus, driving the sales of protein ingredients.
North America Holds the Largest Share in Protein Ingredients Market
North America dominates the protein ingredients market. The increasing health consciousness and awareness about the positive effects of protein consumption is anticipated to boost the North American market. Europe is another thriving market for protein ingredients. However, owing to maturation, it is likely to lose some shares to the Asia-Pacific and South American regions in the years to come. Asia-Pacific, on the other hand, is expected to be highly lucrative for market players during the forecast period owing to growing industrial growth, rising disposable incomes, and the growing population.
Protein Ingredients Industry Overview
Major key players in the global protein ingredients market are Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company (ADM), DuPont de Nemours, Inc, and Fonterra Co-Operative Group Ltd., among others. The players offering plant-based protein ingredients are observing extensive growth in the sales, supported by rising veganism in the global market.
Protein Ingredients Market Leaders
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Cargill Inc.
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Kerry Group Plc
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Arla Foods
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Archer Daniels Midland Company
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Protein Ingredients Market News
- In October 2021, Arla Foods Ingredients has launched a new protein ingredient called Lacprodan BLG-100, which is a pure BLG ingredient with a unique nutritional profile. Produced using a patented new separation technology, it contains 45% more leucine, the main muscle-building amino acid, than commercially available whey protein isolates.
- In November 2021, FrieslandCampina Ingredients partnered with AGT Foods, to enter the plant-based protein market with the launch of pea and fava bean isolates.
- In May 2020, Marfrig and ADM announced Plantplus Foods, a joint venture, to offer products of plant origin to customers throughout North and South America. ADM aims to provide all its technical knowledge in the application for the development of a system combining ingredients, aromas, and plant base from the protein complex, including its new pea protein unit in Enderlin, North Dakota
Protein Ingredients Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source
5.1.1 Animal Source
5.1.1.1 Dairy Ingredients
5.1.1.1.1 Whey Protein Concentrates
5.1.1.1.2 Whey Protein Hydrolysates
5.1.1.1.3 Whey Protein Isolates
5.1.1.1.4 Casein & Caseinates
5.1.1.2 Egg Protein
5.1.1.3 Gelatin
5.1.1.4 Others
5.1.2 Plant Source
5.1.2.1 Soy Protein
5.1.2.1.1 Soy Protein Isolates
5.1.2.1.2 Soy Protein Concentrates
5.1.2.1.3 Textured Soy Protein
5.1.2.2 Wheat Protein
5.1.2.3 Vegetable Protein
5.2 By Application
5.2.1 Animal Feed
5.2.2 Food & Beverage
5.2.2.1 Food
5.2.2.2 Beverage
5.2.2.3 Supplements
5.2.3 Infant Formulations
5.2.4 Cosmetics & Personal Care
5.2.5 Pharmaceuticals
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Cargill Incorporated
6.4.3 Kerry Group Plc
6.4.4 Roquette Freres
6.4.5 DuPont de Nemours, Inc
6.4.6 Fonterra Co-Operative Group Ltd.
6.4.7 DAR PRO Ingredients
6.4.8 BASF SE
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Protein Ingredients Industry Segmentation
The global protein ingredients market is segmented by source, which is classified as the animal source, and plant source. The animal source is sub-segmented into dairy protein, egg protein, gelatin, and others and similarly, plant source is classified as soy protein, wheat protein, and vegetable protein. By application, the market is classified as animal feed, food & beverage, infant formulations, cosmetics & personal care, and pharmaceuticals. Also, the study provides an analysis of the protein ingredients market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Protein Ingredients Market Research FAQs
What is the current Protein Ingredients Market size?
The Protein Ingredients Market is projected to register a CAGR of 6.32% during the forecast period (2024-2029)
Who are the key players in Protein Ingredients Market?
Cargill Inc., Kerry Group Plc, Arla Foods, Archer Daniels Midland Company and BASF SE are the major companies operating in the Protein Ingredients Market.
Which is the fastest growing region in Protein Ingredients Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Protein Ingredients Market?
In 2024, the North America accounts for the largest market share in Protein Ingredients Market.
What years does this Protein Ingredients Market cover?
The report covers the Protein Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Protein Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Protein Ingredients Industry Report
Statistics for the 2024 Protein Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Protein Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
