Protein Ingredients Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

Protein Ingredients Industry Prospective:

The global protein ingredients market size was worth around USD 65.32 Billion in 2023 and is predicted to grow to around USD 127.02 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.75% between 2024 and 2032.

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Protein Ingredients Market Outlook

Soy protein isolate (SPI) and soy protein concentrate (SPC) are processed food ingredients made from defatted soy meal from water extraction process. The resulting isolate and concentrate contains 65 to 90% protein and is used to enrich food products. Soybeans consumed to manufacture SPC and SPI are produced in the United States. SPI and SPC are packed in 20/25 kgs, polyethylene-lined paper bags. These are heat treated during processing in order to kill pathogenic microorganisms and inactive enzymes to have a better shelf life of up to 2 years. Adverse conditions such as storage temperature and high humidity do not impact its shelf life. However, 60% relative humidity and storage under 75°F enhances the shelf life of SPI and SPC.

Growing fish meal production due to bulging adoption of fish farming and to ensure consistent fish supply will fuel the animal feed industry. Availability of a variety of wellness products along with consumer’s shift towards health management will fuel food protein ingredients consumption thus boosting the protein ingredients market. Global wellness supplements sales were nearly USD 185 billion in 2016 and will surpass USD 245 billion by 2024, by registering gains of over 6.5%. Proteins are building blocks of a human body, synthesized from amino acids and are found majorly in tissues, bone, skin, and hair. Growing usage of dietary supplements in pre- and post-workout replenishment as muscle building product will positively influence the protein ingredients consumption.

Protein Ingredients Market: Overview

The market for protein ingredients has undergone significant expansion and development over the past few years. This is a reflection of the growing focus placed on health and wellness on a worldwide scale, as well as the growing need for alternative sources of protein. The market for protein components has seen an increase in demand as a result of the combined effects of a growing population and an increased knowledge of the significance of protein in maintaining a healthy food balance.

Plant-based proteins, such as those derived from soy, pea, and rice, have gained a substantial amount of popularity in recent years. This trend can be attributed to the increasing popularity of vegetarian and vegan diets. Furthermore, the market has witnessed advancements in the technology necessary for the production of protein ingredients, which has resulted in the creation of novel sources such as insect proteins and microbial proteins.

Even though consumers are looking for functional and nutritional benefits, the demand for high-quality protein components is still being driven by important industries such as sports nutrition and consumer dietary supplements. In addition, the food and beverage sector has come to embrace protein fortification as a strategy to satisfy the demands of consumers for goods that are higher in protein content. The market for protein ingredients is characterized by high competition among leading players, which encourages research & development operations to generate innovative formulations and cater to a wide range of customer requirements.

Additionally, there is a growing interest in plant-based and alternative protein sources, which contributes to the dynamic landscape of the market. This interest is occurring concurrently with the growing emphasis on environmentally responsible and sustainable practices. Generally speaking, the market for protein components is poised for continuing expansion as customers who are concerned about their health and food makers alike appreciate the significance of protein in promoting a lifestyle that is both balanced and provides adequate nutrition.

This report offers a comprehensive analysis of the global protein ingredients market along with, market trends, drivers, and restraints of the protein ingredients market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, and secondary, and the primary research team of industry experts.

Protein Ingredients Market: Growth Factors

The market for protein components is enjoying substantial expansion, which may be attributed to several important factors. The growing knowledge of the significance of protein in improving overall health and wellness is one of the important factors that has contributed to this success. There has been an increase in the demand for items that are high in protein, both in the form of supplements and as components in food and beverages. This demand is a direct result of consumers becoming more health conscious.

This demand is further fueled by the growing number of people who are interested in fitness and sports, as protein is necessary for the development of muscles and recuperation. Additionally, the rise in vegetarianism and veganism has resulted in an increased interest in plant-based protein sources, such as soy, pea, and rice proteins, which has increased the rate of innovation in the market.

Additionally, technical developments and research in the development of protein ingredients are contributing factors that influence the market. Additionally, novel sources such as insect proteins and microbial proteins are getting interest because they are sustainable and offer nutritional benefits, which is adding to the rise of the market. Additionally, a significant growth element is the dedication of the food and beverage sector to the practice of protein fortification as a means of boosting the nutritional content of products. Protein components are becoming progressively included by manufacturers to cater to the needs of consumers for products that are both healthier and more useful.

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Additional reasons that are driving the market ahead include the continued rise of the world's population as well as the requirement for alternative protein sources to address environmental issues. As a consequence of this, the market for protein components is defined by a dynamic environment that is typified by intense competition among industry players who are attempting to match the ever-changing wants and preferences of consumers. In general, the market for protein components is positioned for sustainable growth in the foreseeable future as a result of the combination of health awareness, technological innovation, and shifting dietary patterns.

Protein Ingredients Market: Report Scope

Protein Ingredients Market: Segmentation

The study provides a decisive view of the protein ingredients market by segmenting the market based on source, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the source, the segmentation of the protein ingredients market is animal-based and plant-based.

Based on application, the segmentation of the protein ingredients market is pharmaceuticals, cosmetics, animal feed, infant formulation, and food & beverages.

Regional segmentation of the global protein ingredients market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe protein ingredients market is dominated by Germany, Italy, the UK, and France; it will register significant gains during the forecast period. Favorable norms by EFSA to improve daily nutritional intake will entice regional industry growth. Additionally, development in industrial livestock to maintain protein supply and food security throughout the region will enhance product consumption in the region.

Protein Ingredients Market: Competitive Space

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global protein ingredients market such as

• Mead Johnson
• Bunge
• DuPont
• Cargill
• Bio Wanze
• Crop Energies
• Roquette
• Kewpie Egg Corp
• Nutra Science
• Burcon
• Rousselot
• Scoular
• Tessenderlo
• Fonterra.
• And Others

The report segments the global protein ingredients market as follows:

Protein Ingredients Market: Source Segment Analysis

• Animal-based
• Plant-based

Protein Ingredients Market: Application Segment Analysis

• Pharmaceuticals
• Cosmetics
• Animal feed
• Infant formulation
• Food & beverages

Protein Ingredients Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa