Global Protein Ingredients Market Report and Forecast 2024-2032

Global Protein Ingredients Market Outlook 

The global protein ingredients market size reached a value of almost USD 40.38 billion in the year 2023. The protein ingredients industry is further expected to grow at a CAGR of 6% between 2024 and 2032 to reach a value of almost USD 68.24 billion by 2032.

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The global protein ingredients market is driven by the rising health consciousness amongst consumers about the health benefits of the product. Protein ingredients aid in weight regulation, immunity improvement, and strength building and, thereby, are used extensively in various industries, including food and beverages, personal care products, cosmetics, and pharmaceuticals. 

Properties and Applications

Protein ingredients are referred to as the amino acids required to maintain the optimum protein level in the human being. These ingredients can be obtained from various sources, like plants or animals, and aid in repairing damaged cells.

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The industry is divided on the basis of product type into:

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

Amongst these, animal proteins account for the majority of the market share.

Based on application, the industry is divided into:

• Food and Beverages
• Personal Care and Cosmetics
• Pharmaceuticals
• Animal Feed
• Others

The food and beverage segment represents the largest market share owing to the growing demand for dietary supplements and functional food and beverages.

The report also covers the regional markets of protein ingredients like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

The global protein ingredients market is driven by the rising incidences of obesity, diabetes, and malnutrition among the masses, which, as a result, has led to an increased number of health-conscious consumers across the world. The industry is further aided by the increase in the disposable income of the people and improving living standards. The rising popularity of protein-rich food and beverages, including dietary supplements and sports nutrition products, offering the right amount of protein nutrition is further accelerating market growth. 

The protein ingredients market is further propelled by the escalating number of health and fitness clubs across the globe, which has provided a boost to the industry growth of soy proteins in snacks and dairy products. The availability of vegan, vegetarian, and gluten-free product variants, catering to the individual requirements of the customer, is aiding the industry growth. Furthermore, ease and convenience of cooking protein ingredients products is providing an impetus to the industry growth. The industry may, however, find obstructions for its growth due to volatile prices of raw material and strict rules and regulations imposed by several authorities like the Food and Drug Administration in the US.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global protein ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill, Incorporated 
• Archer-Daniels-Midland Company 
• Kerry Group 
• Omega Protein Corporation 
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report