The global protein ingredients market size was valued at USD 77.69 billion in 2022 and is expected to grow at a revenue-based compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
The market is gaining momentum and witnessing a high demand owing to rising demand for food products, such as margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages, which are produced using protein ingredients. Increasing consumption of these products among health-conscious and elderly consumers is also fueling the industry’s growth. Moreover, a rise in the innovation of several proteins by various manufacturers that constitute a wide range of amino acids and perform specific functions, including satiety, muscle repair, weight loss, and energy balance, is expected to present immense growth opportunities for the market.
The industry has witnessed a considerable increase in the consumption of animal-based products in the recent past. Animal protein is expected to witness further growth over the next few years in the U.S. Momentous demand for these products derived from animal sources in the domestic market is expected to ascend the product demand. The supply chain initiatives undertaken by the ingredient manufacturing companies to strengthen the distribution of products are further expected to drive the market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Protein Ingredients Market
Protein Ingredients Market Report Highlights
• By product, plant proteins are expected to witness the fastest growth over the forecast period owing to the increased use of protein ingredients in food and beverages. Increasing use of plant proteins in a wide range of applications, including manufacturing of fertilizers, paper coatings, and printing inks, is creating lucrative growth opportunities for the segment
• Animal/dairy proteins held the largest revenue share of over 78.94% in 2022 owing to the growing adoption of these products in developed markets. Whey protein is expected to witness significant growth over the forecast period as it is largely popular among fitness-savvy consumers
• North America dominated the market with more than 33.56% share of the global revenue in 2022 owing to the high demand from the U.S. food and beverages sector. Consumer markets developing in Asia Pacific are growing at a high pace due to a rise in disposable income and changing lifestyle, resulting in significant growth of the regional market
• The Middle East and Africa is expected to exhibit a revenue-based CAGR of 9.6% from 2021 to 2028. This is attributed to supportive government policies as well as improved economic indicators, which have resulted in the increased availability of packaged foods amongst the urban and rural population
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• The global fermented ingredients market size was valued at USD 35.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.
• The global milk protein market size was estimated at USD 6.63 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030.
Protein Ingredients Market Segmentation
Grand View Research has segmented the protein ingredients market based on product, application, and region:
Protein Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
• Plant Proteins
o Cereals
o Wheat
o Wheat Protein Concentrates
o Wheat Protein Isolates
o Textured Wheat Protein
o Hydrolyzed Wheat Protein
o HMEC/HMMA Wheat Protein
o Rice
o Rice Protein Isolates
o Rice Protein Concentrates
o Hydrolyzed Rice Protein
o Others
o Oats
o Oat Protein Concentrates
o Oat Protein Isolates
o Hydrolyzed Oat Protein
o Others
o Legumes
o Soy
o Soy Protein Concentrates
o Soy Protein Isolates
o Textured Soy Protein
o Hydrolyzed Soy Protein
o HMEC/HMMA Soy Protein
o Pea
o Pea Protein Concentrates
o Pea Protein Isolates
o Textured Pea Protein
o Hydrolyzed Pea Protein
o HMEC/HMMA Pea Protein
o Lupine
o Chickpea
o Others
o Roots
o Potato
o Potato Protein Concentrate
o Potato Protein Isolate
o Maca
o Others
o Ancient Grains
o Ancient Wheat
o Quinoa
o Sorghum
o Amaranth
o Chia
o Millet
o Others
o Nuts & Seeds
o Canola
o Canola Protein Isolates
o Hydrolyzed Canola Protein
o Others
o Almond
o Flaxseeds
o Others
o Animal/Dairy Proteins
o Egg Protein
o Milk Protein Concentrates/Isolates
o Whey Protein Concentrates
o Whey Protein Hydrolysates
o Whey Protein Isolates
o Gelatin
o Casein/Caseinates
o Collagen Peptides
o Microbe-based Protein
o Algae
o Bacteria
o Yeast
o Fungi
o Insect Protein
o Coleoptera
o Lepidoptera
o Hymenoptera
o Orthoptera
o Hemiptera
o Diptera
o Others
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