Global Protein Ingredients Market is expected to grow with a CAGR of 10.9% during the forecast period 2021-2027

The Global Protein Ingredients Market was estimated at USD 41.49 Bn in 2020 and is expected to grow with a CAGR of 10.9% during the forecast period.

The protein ingredients market is majorly growing owing to the increasing product application in the sports industry across the globe. The sports-nutrition industry is significantly growing which is in turn pushing the market for dairy ingredients, such as casein, milk proteins, and whey protein among others. These dairy ingredients offer the required nutritional value to sports food products, thereby, contributing to their increasing usage in several supplements. For instance, whey is increasingly being used as a crucial ingredient in main sports nutrition products due to its properties including high quality, superior amino acids content, and high absorption among others. Therefore, the rising use of lactose and whey ingredients, both in the nutritional sectors and processed food, has helped the market grow. Moreover, the incorporation of dairy proteins, such as milk proteins and whey proteins help in decreasing stress and reducing cortisol concentration levels. Therefore, growing awareness among the people to become fit, enhance immunity, and remain in shape is expected to immensely drive the product demand in the protein ingredients market in the coming years.

Further, key market players have shifted their focus on strategies such as adopting new technologies for introducing innovative products along with improving supply chain management. They are increasing their investments in research and development and are coming up with new and innovative flavors for their products to attract more customers. For instance, in August 2020, BigMuscles Nutrition (India), a leading nutritional supplement brand announced the launch of its new product “Frotein”. Frotein is a fruit plus protein, which country’s first fruit flavored protein powder that is available in five flavors including orange, mango, guava, orange mango, and pineapple. Hence, the rising investment by these key market players for introducing new and innovative products is expected to offer growth opportunities in the protein ingredients industry.

Global Protein Ingredients Market by Region Outlook (Revenue, USD Million, 2021-2027)

  • Europe
  • North America
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Based on region, the Asia-Pacific region is growing with the fastest CAGR in the protein ingredients market and is projected to exhibit high growth during the forecast period. This high growth rate is mainly attributed to the rapidly growing population along with increasing awareness regarding maintaining health among consumers in this region. According to the UN Department of Economic and Social Affairs, China and India are the two most populous countries across the globe, comprising 19% and 18% of the world population. Moreover, the easy availability of raw materials in China makes it one of the largest producers of animal & plant-based products. Further, the growing popularity of packaged foods and drinks is another major factor contributing to surging product demand in several emerging nations in the region including South Korea, Indonesia, Malaysia, China, and India. Other factors such as growing urbanization, increasing sustainable food protein sources along with advancement in food processing technologies are also driving the demand for protein ingredients products in the region. All these aforementioned factors are responsible for boosting protein ingredients market demand in the region.

The Global Protein Ingredients Industry Segmentation:

Global Protein Ingredients Market by Application Outlook (Revenue, USD Million, 2021-2027)

  • Food & Beverages
    • Beverages
    • Breakfast Cereals
    • Bakery & Confectionery
    • Weight Management/ Dietary Supplements
    • Snacks
    • Dairy Alternatives
    • Meat Alternatives & Extenders
    • Sports Nutrition
    • Others
  • Infant Formulations
  • Clinical Nutrition
  • Animal Feed
  • Others

Global Protein Ingredients Market by Product Type Outlook (Revenue, USD Million, 2021-2027)

  • Animal/Dairy Proteins
    • Egg Protein
    • Whey Protein Concentrates
    • Milk Protein Concentrates/Isolates
    • Whey Protein Hydrolysates
    • Whey Protein Isolates
    • Casein/Caseinates
    • Gelatin
    • Collagen Peptides
  • Plant Proteins
    • Cereal-based
    • Legumes-based
    • Root-based
    • Nuts & Seeds-based
    • Ancient Grains
  • Insect Proteins
    • Lepidoptera
    • Coleoptera
    • Hymenoptera
    • Hemiptera
    • Orthoptera
    • Diptera
    • Others
  • Microbe-based Proteins
    • Algae
    • Bacteria
    • Yeast
    • Fungi

Global Protein Ingredients Market by Form Outlook (Revenue, USD Million, 2021-2027)

  • Solid
  • Liquid

Key Findings:

  • Based on the product type, the animal/dairy proteins product type accounted for the largest share in the protein ingredients industry
  • Based on application, the food & beverage segment led the market across the globe and is expected to show similar trends in the forecast period 
  • Based on region, the North America region dominated the protein Ingredients market and is expected to exhibit high growth during the forecast period
  • Based on region, the Asia-Pacific region is growing with the fastest CAGR in the protein ingredients market and is projected to exhibit high growth during the forecast period 

Company Profiles and Competitive Intelligence

The key market players in the Protein Ingredients industry are:

  • ADM
  • Cargill
  • DuPont
  • Kerry Group
  • FrieslandCampina
  • Omega Protein Corporation
  • Fonterra Co-operative Group Limited
  • Roquette
  • Arla Foods
  • Gelita AG
  • Kewpie Corporation
  • AMCO Proteins
  • Axiom Foods
  • Hilmar Ingredients
  • Burcon Nutrascience
  • Foodchem International Corporation
  • Rousselot
  • A&B Ingredients
  • Archer Daniels Midland Company
  • Reliance Private Label Supplements
  • Tessenderlo Group
  • Roquette Frères
  • Kewpie Corporation
  • The Scoular Company
  • Mead Johnson & Company, LLC
  • CHS Inc.

Recent News:

  • In October 2021, Keventers, an India-based business conglomerate announced its partnership with Myprotein, one of the preeminent sports nutrition brands for manufacturing protein-rich, healthier coffee alternatives. The drink is designed using whey protein for the everyday milkshake-lovers who love to be fit without the rigors of the gym.
  • In December 2020, Venus Williams announced the launch of her new product shake line “Happy Viking”, a brand based in U.S. in collaboration with a beverage innovator company Dyla Brands. The new product line consists of a combination of brown rice and yellow pea protein which is rich in gut-friendly prebiotic fiber and omega-3 fatty acids.

Quick Inquiry

Share Article