Protein Ingredients Market

Global Protein Ingredients Market Size (2024 to 2029)

Protein Ingredients Market value has been valued at USD 65.68 billion in 2024 to USD 89.15 i 2029 and is expected to grow at a CAGR of about 6.30%.

The factors driving protein ingredient market growth are increased demand for protein usability, increased healthy diet & nutritional food, and increased demand for superior personal care and health care products. The need for pure products with less processing led to the development of native whey, and micellar casein is a noticeable global trend on the market. The growing preference for convenience foods and fortified foods rich in nutrients also propels the demand. Protein ingredients are essential for the functioning of the body as proteins are the primary source of fuel. They can be derived from plants such as wheat, pea and soy and from animals. Plant proteins help to combat diabetes and obesity effectively. Animal proteins are commonly used in muscle building as supplements.

REPORT COVERAGE: 

 This research report on the Protein Ingredients Market has been segmented and sub-segmented based on product, application, and region. 

Global Protein Ingredients Market – By Product:

Plant Protein

• Wheat
• Soy Protein Concentrates
• Soy Protein Isolates
• Textured Soy Protein
• Pea
• Canola
• Others

Animal Protein

• Egg Protein
• Milk Protein Concentrates/Isolates
• Whey Protein Concentrates
• Whey Protein Hydrolysates
• Whey Protein Isolates
• Gelatin and Casein/Caseinates

on the basis of product and application apart from a regional analysis. The product segment is further divided into plant protein and animal protein categories. From an application prospect, the section includes food and beverages, infant formulations, personal care and cosmetics and animal feed, among others.

Global Protein Ingredients Market – By Application:

• Food and Beverage,
• Infant Formulations,
• Personal Care
• Cosmetics
• Animal Feed

Food and beverage was the largest consumer of the market for protein ingredients in 2018, accounting for more than 52% of global demand. The increasing need for functional foods in developed countries over the next seven years is projected to have a positive impact on development. Infant formula was the second largest application segment in 2018, accounting for more than 20% of global consumption. Personal care and cosmetics and animal feed are the other key application segments. The highly consumed form of plant-based ingredient was soy protein concentrate, which accounted for over 34 percent of global demand in 2018. The main reason for this segment's high market share is that dietary soy has a negligible amount of cholesterol and saturated fats. The second-largest group of soy protein isolates accounted for over 30 percent of demand in 2018. It is used to improve the quality and texture of meat products. These are also rarely found in shops and are used primarily in the food industry.

Global Protein Ingredients Market – By Region:

• North America
• APAC
• Middle East
• Latin America
• Europe

North America was the largest regional market in 2018, accounting for more than 34 percent of global demand, due to growing consumer awareness of nutrition, combined with increases in cosmetics and food and beverage applications. The U.S. market for protein ingredients is expected to grow as snacks, cold cereals and energy bars are consumed more and more. Likely, the launch of new food products with low saturated fat and cholesterol-free beverages will increase demand over the forecast period.

Due to growing exports and domestic demand, Asia Pacific is forecasted to record the highest CAGR of over 6.8 percent in volume from 2019 to 2025. In Japan, China, India, and South Korea, the growth in the healthcare and cosmetics industries is expected to drive global expansion over the forecast period.

KEY MARKET PLAYERS:

Key Market players of global Protein Ingredients Market are Cargill (US), ADM (US), DowDuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), FrieslandCampina (Netherlands), Fonterra (New Zealand), Arla Foods (Denmark), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), Burcon Nutrascience (Canada).