Summary

The global protein ingredients market size reached US$ 42.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032. The increasing health awareness, rising trends of veganism and vegetarianism, rapid technological advancements, rising geriatric population, introduction of regulatory support, growing fitness trends, and the rising demand for alternative protein sources are some of the major factors propelling the market.

Protein ingredients refer to compounds containing essential amino acids that are derived from various sources. It includes animal-based and plant-based proteins, such as meat, poultry, fish, soy, lentils, and peas. Protein ingredients find extensive applications in food and beverage (F&B) products, nutritional supplements, pet food, infant formula, weight management products, dairy alternatives, meat substitutes, bakery products, cosmetic products, and pharmaceuticals. They aid in supporting muscle growth, enhancing immune function, assisting in weight loss, promoting heart health, improving skin health, boosting metabolism, increasing energy levels, regulating blood sugar levels, and enhancing bone strength.

The widespread product utilization to maintain muscle mass and bone health, owing to the rising geriatric population, is strengthening the market growth. Furthermore, the introduction of regulatory support emphasizing nutritional standards and encouraging the consumption of proteins is favoring the market growth. Additionally, the growing fitness trends across the globe are facilitating product demand to support muscle recovery and growth. Apart from this, the rising demand for alternative protein sources, owing to the increasing concerns towards environmental sustainability and animal welfare, is contributing to the market growth. Moreover, growing expenditure capacities, which enable individuals to spend more on quality food products that are rich in protein, are positively influencing the market growth. Other factors, including increasing demand for personalized nutrients, rising investments in the development of advanced production methods, and rapid improvement in logistics and supply chain capabilities, are anticipated to drive the market growth.

Protein Ingredients Market Trends/Drivers:
The increasing health awareness

The escalating prevalence of lifestyle-related diseases and conditions has resulted in a consumer shift toward health and wellness. Furthermore, people are increasingly recognizing the importance of a balanced diet filled with nutrients, including proteins. In line with this, the increasing demand for protein ingredients in food, beverages, and nutritional supplements is positively influencing the market growth. Additionally, the widespread education and information dissemination about the role of proteins in supporting muscle growth, immune function, weight management, and overall vitality is fueling the market growth. Moreover, the growing demand for products labeled as high-protein or enriched with protein among health-conscious consumers is contributing to the market growth. Apart from this, aggressive marketing and advertising campaigns by food and beverage (F&B) companies emphasizing protein benefits, coupled with endorsements by healthcare professionals, are strengthening the market growth.

The rising trends of veganism and vegetarianism

The shifting trend towards plant-based diets, including vegetarianism and veganism, across the globe is a significant driver for the protein ingredients market. Furthermore, the ethical concerns related to animal welfare, environmental sustainability, and personal health considerations are propelling consumers to seek plant-based alternatives. Besides this, the easy availability of protein sources, such as soy, lentils, peas, and other legumes, which has made the transition towards veganism easier, is supporting the market growth. Moreover, food manufacturers are capitalizing on the shifting trend of vegetarianism by offering a wide variety of plant-based protein products, ranging from meat substitutes to dairy-free options. Additionally, aggressive promotional campaigns through celebrity endorsements, media coverage, and social media influencers to promote plant-based diets are positively influencing the market growth.

The rapid technological advancements

The technology-driven evolution in the food industry is greatly impacting the protein ingredients market. In line with this, the innovations in extraction, processing, and formulation techniques, which have enabled the creation of protein ingredients with superior quality, taste, and functionality, are boosting the market growth. Along with this, the introduction of advanced technologies, such as microencapsulation, hydrolysis, and spray drying, which have expanded the applications of protein ingredients, allowing them to be incorporated into a broader range of products, is fueling the market growth. Apart from this, the development of new protein sources, including lab-grown meats and algae-based proteins, is catalyzing the market growth. Moreover, the recent technological advancements, which have facilitated the production of protein ingredients with specific characteristics tailored to particular consumer needs and preferences, are strengthening the market growth.

Protein Ingredients Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global protein ingredients market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on product type and application.

Breakup by Product Type:

Animal Proteins
Egg Protein
Whey Protein
Gelatin
Casein
Milk Protein Concentrates/Isolates
Plant Proteins
Wheat Protein
Soy Protein
Pea Protein
Others

Animal proteins dominate the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes animal proteins (egg protein, whey protein, gelatin, casein, and milk protein concentrates/isolates) and plant proteins (wheat protein, soy protein, pea protein, and others). According to the report, animal proteins represented the largest segment.

Animal proteins are considered complete proteins, which makes them highly desirable for the human body’s nutritional demand. Additionally, animal proteins, such as poultry, beef, fish, and dairy are widely available in various forms, which contributes to their dominance in the market. Besides this, the increasing consumer preference for animal proteins over plant-based alternatives, owing to their taste and texture, is positively influencing the market growth. Furthermore, the easy accessibility of animal protein owing to its cost-effectiveness is favoring the market growth. Apart from this, the widespread product utilization across numerous industries, such as pharmaceuticals, food processing, and cosmetics, is contributing to the market growth. Moreover, the continuous research and development (R&D) in the field of animal proteins, which results in improved functionalities, taste, and nutritional benefits, is supporting the market growth.

Breakup by Application:

Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Animal Feed

Food and beverages dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes food and beverages, personal care and cosmetics, pharmaceuticals, and animal feed. According to the report, food and beverages represented the largest segment.

Food and beverages are dominating the market owing to the escalating awareness of the importance of protein in the diet. Furthermore, protein ingredients can be incorporated into a wide variety of food and beverages, including meat alternatives, dairy products, snacks, bakery goods, and beverages. Apart from this, the surge in plant-based diets, which is facilitating the demand for plant-based protein ingredients, is positively influencing the market growth. In addition, the rising focus on fitness and wellness, which is prompting consumers to incorporate protein supplements and protein-enriched food and beverages in their daily diets, is supporting the market growth. Moreover, the imposition of various regulations by governments and other organizations emphasizing the importance of protein in the diet is acting as another growth-inducing factor.

Breakup by Region:

Europe
North America
Asia Pacific
Latin America
Middle East and Africa

Europe exhibits a clear dominance in the market, accounting for the largest protein ingredients market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, Europe represented the largest market segment.

Europe is witnessing significant demand for protein ingredients due to rising consciousness about health and wellness. Furthermore, the region has robust regulatory standards governing food quality, safety, and labeling. These regulations encourage transparency and quality control in the production of protein ingredients, thus building consumer trust. Apart from this, the growing trend towards vegetarianism and veganism in Europe, which has resulted in increased demand for plant-based protein ingredients, is contributing to the market growth. Besides this, Europe's investment in research and development (R&D) activities, coupled with technological innovation, which has led to the creation of advanced protein ingredients with diverse applications, is favoring the market growth. Moreover, the increasing push towards sustainable sourcing, production, and consumption of protein ingredients is fueling the market growth.

Competitive Landscape:
The leading protein ingredient companies are developing new extraction methods, improving functionality, and tailoring protein ingredients to specific applications. In addition, they are entering emerging markets through partnerships, acquisitions, or establishing local manufacturing facilities. Furthermore, top companies are implementing practices that minimize environmental impact, such as sourcing raw materials responsibly and reducing waste in production. Apart from this, they are responding to consumer demands for tailored nutrition by developing customized protein solutions catering to specific dietary needs, preferences, and health goals. Moreover, several key market players are collaborating with other industry stakeholders, academic institutions, or technology firms to leverage shared expertise and resources. Along with this, companies are investing in plant-based protein ingredients to diversify their portfolios and attract a broader customer base.

The report has provided a comprehensive analysis of the competitive landscape in the global protein ingredients market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Cargill, Inc.
Archer-Daniels-Midland Company
Kerry Group
Omega Protein Corporation
Mead Johnson

Recent Developments:
In April 2022, Cargill, Inc. announced its plan to expand RadiPure pea protein into the India and META market.
In April 2022, Archer-Daniels-Midland Company invested US$ 300 Million to boost its product capacity of alternative proteins at its plant in Decatur, Illinois.
In June 2020, Kerry Group launched 13 new plant-based proteins made from rice, pea, and sunflower.

Key Questions Answered in This Report

1. How big is the global protein ingredients market?
2. What is the expected growth rate of the global protein ingredients market during 2024-2032?
3. What are the key factors driving the global protein ingredients market?
4. What has been the impact of COVID-19 on the global protein ingredients market?
5. What is the breakup of the global protein ingredients market based on the product type?
6. What is the breakup of the global protein ingredients market based on the application?
7. What are the key regions in the global protein ingredients market?
8. Who are the key players/companies in the global protein ingredients market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Protein Ingredients Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Animal Proteins
6.1.1 Egg Protein
6.1.1.1 Market Trends
6.1.1.2 Market Forecast
6.1.2 Whey Protein
6.1.2.1 Market Trends
6.1.2.2 Market Forecast
6.1.3 Gelatin
6.1.3.1 Market Trends
6.1.3.2 Market Forecast
6.1.4 Casein
6.1.4.1 Market Trends
6.1.4.2 Market Forecast
6.1.5 Milk Protein Concentrates/Isolates
6.1.5.1 Market Trends
6.1.5.2 Market Forecast
6.2 Plant Proteins
6.2.1 Wheat Protein
6.2.1.1 Market Trends
6.2.1.2 Market Forecast
6.2.2 Soy Protein
6.2.2.1 Market Trends
6.2.2.2 Market Forecast
6.2.3 Pea Protein
6.2.3.1 Market Trends
6.2.3.2 Market Forecast
6.2.4 Others
6.2.4.1 Market Trends
6.2.4.2 Market Forecast
7 Market Breakup by Application
7.1 Food and Beverages
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Personal Care and Cosmetics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmaceuticals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Animal Feed
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 Protein Ingredients Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Cargill, Incorporated
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Archer-Daniels-Midland Company
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 Kerry Group
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.4 Omega Protein Corporation
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.5 Mead Johnson
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
List of Figures
Figure 1: Global: Protein Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Protein Ingredients Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Protein Ingredients Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Protein Ingredients Market: Breakup by Application (in %), 2023
Figure 5: Global: Protein Ingredients Market: Breakup by Region (in %), 2023
Figure 6: Global: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Protein Ingredients Industry: SWOT Analysis
Figure 8: Global: Protein Ingredients Industry: Value Chain Analysis
Figure 9: Global: Protein Ingredients Industry: Porter’s Five Forces Analysis
Figure 10: Global: Animal Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 11: Global: Animal Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 12: Global: Egg Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 13: Global: Egg Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 14: Global: Whey Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 15: Global: Whey Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 16: Global: Gelatin Market: Sales Value (in Billion US$), 2018 & 2023
Figure 17: Global: Gelatin Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 18: Global: Casein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 19: Global: Casein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 20: Global: Milk Protein Concentrates/Isolates Market: Sales Value (in Billion US$), 2018 & 2023
Figure 21: Global: Milk Protein Concentrates/Isolates Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 22: Global: Plant Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 23: Global: Plant Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 24: Global: Wheat Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 25: Global: Wheat Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 26: Global: Soy Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 27: Global: Soy Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 28: Global: Pea Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 29: Global: Pea Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 30: Global: Other Protein Market: Sales Value (in Billion US$), 2018 & 2023
Figure 31: Global: Other Protein Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 32: Global: Protein Ingredients Market (Applications in Food and Beverages): Sales Value (in Billion US$), 2018 & 2023
Figure 33: Global: Protein Ingredients Market Forecast (Applications in Food and Beverages): Sales Value (in Billion US$), 2024-2032
Figure 34: Global: Protein Ingredients Market (Applications in Personal Care and Cosmetics): Sales Value (in Billion US$), 2018 & 2023
Figure 35: Global: Protein Ingredients Market Forecast (Applications in Personal Care and Cosmetics): Sales Value (in Billion US$), 2024-2032
Figure 36: Global: Protein Ingredients Market (Applications in Pharmaceuticals): Sales Value (in Billion US$), 2018 & 2023
Figure 37: Global: Protein Ingredients Market Forecast (Applications in Pharmaceuticals): Sales Value (in Billion US$), 2024-2032
Figure 38: Global: Protein Ingredients Market (Applications in Animal Feed): Sales Value (in Billion US$), 2018 & 2023
Figure 39: Global: Protein Ingredients Market Forecast (Applications in Animal Feed): Sales Value (in Billion US$), 2024-2032
Figure 40: Europe: Protein Ingredients Market: Sales Value (in Billion US$), 2018 & 2023
Figure 41: Europe: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 42: North America: Protein Ingredients Market: Sales Value (in Billion US$), 2018 & 2023
Figure 43: North America: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 44: Asia Pacific: Protein Ingredients Market: Sales Value (in Billion US$), 2018 & 2023
Figure 45: Asia Pacific: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 46: Latin America: Protein Ingredients Market: Sales Value (in Billion US$), 2018 & 2023
Figure 47: Latin America: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 48: Middle East and Africa: Protein Ingredients Market: Sales Value (in Billion US$), 2018 & 2023
Figure 49: Middle East and Africa: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 50: Protein Ingredients Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Protein Ingredients Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Protein Ingredients Market Forecast: Breakup by Product Type (in Billion US$), 2024-2032
Table 3: Global: Protein Ingredients Market Forecast: Breakup by Application (in Billion US$), 2024-2032
Table 4: Global: Protein Ingredients Market Forecast: Breakup by Region (in Billion US$), 2024-2032
Table 5: Protein Ingredients Manufacturing: Raw Material Requirements
Table 6: Global: Protein Ingredients Market: Competitive Structure
Table 7: Global: Protein Ingredients Market: Key Players