The Global Protein Ingredients Market was valued at USD 41.49 Bn in 2020 and is expected to reach USD 85.80 Bn by 2027, with a growing CAGR of 10.9% during the forecast period.
Protein is an essential macronutrient that helps in repairing tissue, building muscle, and making hormones and enzymes. As it is an energy-yielding macronutrient, it is needed every day in larger quantities than minerals and vitamins. Protein performs several functions in the human body including forming cells along with the structure of muscles and body tissues.
The protein ingredient market is majorly gaining traction owing to the growing prevalence of nutrition deficiency diseases such as Kwashiorkor and Marasmus among infants and children across the globe. These diseases often lead to body swelling, swollen stomach, delayed child growth, thinning of hair, frequent infections, loss of muscle mass, skin depigmentation, flaky rash, diarrhea, and bloating among others. This has resulted in increasing awareness among parents on the importance of feeding nutrition-rich products to their children. Therefore, the growing awareness regarding nutrition deficiency diseases and changing lifestyles is expected to proliferate significant demand in the protein ingredient market in the coming years.
Moreover, another major factor driver driving the protein ingredient market is the increased use of protein ingredients in health and sports supplements. Protein Ingredients play a crucial role in the growth of muscles, as proteins help to build muscle mass and repair damaged muscle tissue. Additionally, consuming protein-rich foods and taking their supplements help the consumer in feeling fuller for a longer duration. This tends to result in smaller portion sizes and less frequent snacking, which helps the consumer in maintaining a healthy weight or losing weight if necessary. Owing to these benefits, protein-rich food has been gaining wide popularity among athletes, fitness enthusiasts, and regular gym-goers. Thus, an increase in the demand for protein-rich products from these health-conscious consumers is expected to boost the demand in the protein ingredients industry.
The unique insights provided by this report also include the following:
Based on the product type, the animal/dairy proteins product type is expected to account for the major share in the protein ingredients market owing to numerous health benefits associated with the consumption of animal protein ingredients
Based on product type, the protein ingredients market is segmented into plant proteins, microbe-based proteins, animal/dairy proteins, insect proteins. Among these, the animal/dairy proteins product type is expected to account for the major share in the protein ingredients market. This is owing to numerous health benefits associated with the consumption of animal protein ingredients. For instance, whey protein helps in increasing glutathione (GSH) levels, improving nutritional status along with boosting immunity in cancer patients that are undergoing chemotherapy. Similarly, consuming collagen peptides helps in improving hair and skin health, reducing joint pains and degeneration, reducing weight, and detoxification of the liver among many others. Hence, an increase in awareness regarding the health benefits offered by these proteins is expected to expand their consumer base in the protein ingredients market.
Based on application, the food & beverage segment is projected to dominate the protein ingredients industry due to the broad-spectrum applicability of protein ingredients in the food industry
Based on application, the protein ingredients industry is fragmented into food & beverages, clinical nutrition, infant formulations, animal feed, and others. Among these, the food and beverages application segment has dominated the protein ingredients market and is expected to show similar trends during the forecast period. This dominant share is due to the broad-spectrum applicability of protein ingredients in the food industry. Whey protein ingredients have a wide application in the confectionery and bakery industry as they serve as an economical source of protein. Moreover, increasing advancements in technology and process design have led to a rise in the use of protein ingredients in several functional food products making them nutrient-rich. Further, protein ingredients products are now extensively used in ready-to-drink beverages to make liquid protein supplements for busy consumers that are unwilling to compromise on health. Thereby growing use of protein ingredients products in the food & beverage industry is positively driving the growth of the global protein ingredients market.
Based on region, the North America region is anticipated to lead the protein ingredients industry across the globe growing number of health-conscious consumers in the region
Based on region, the protein ingredients market is divided into Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. Among these, the North America region led the protein ingredients market across the globe and is anticipated to show a significant growth trend during the forecast period. This share is majorly attributed to the increasing number of health-conscious consumers in the region who are rapidly adopting a healthy lifestyle or indulging in such activities that promote an active lifestyle. According to IHRSA, a global health & fitness association, the U.S. accounted for the largest health club consumers estimating at 64.2 million consumers, and 41,370 health & fitness facilities in 2019. Therefore, a growing number of health-conscious consumers are proliferating demand for protein-rich foods such as protein bars, protein shakes, and energy bars among others. The rising demand for these food products is expected to positively drive the protein ingredients market demand.
The report also provides an in-depth analysis of the market dynamics such as drivers, restraints opportunities, and challenges
Note: Challenges along with in-depth Protein Ingredients market dynamics analysis are mentioned in the report.
The COVID-19 has had a significant impact on the growth of the protein ingredients market. The rapidly spreading virus has resulted in changing consumer purchasing behavior and gradually transforming the food industry. Consumers are now concerned regarding maintaining their health and have started avoiding the consumption of poultry and meat. Therefore, to fill this gap, they are looking for meat substitute products that are filled with proteins and help in boosting immunity. These trends have proliferated the demand for protein-based products as protein is a crucial constituent that helps in building immunity. Thus, the COVID-19 pandemic has positively driven the demand for protein ingredients.
The report also provides an in-depth analysis of key trends in the Protein Ingredients market
The report also provides an in-depth analysis of recent news developments and investments in the protein ingredients market
The key players operating in the protein ingredients industry are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.