Protein Ingredients Market 2024-2028, Poised for Strong Growth

The Global protein ingredients market is expected to expand significantly, with projections indicating a USD 27.03 billion increase at a CAGR of 10.03% from 2023 to 2028. Various industries, including food & beverage, pharmaceuticals, and animal feed, are driving this expansion due to the rising demand for protein-rich diets.

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Market Segmentation

By Source

• Animal-Based Protein
• Plant-Based Protein

Market Dynamics

Key Drivers

• Rising Demand for Infant Formula – The growing awareness of infant nutrition is fueling demand for protein ingredients in baby food formulations.
• Increased Health Awareness – Consumers are shifting towards high-protein, low-carb diets to support muscle growth and weight management.
• Expanding Food & Beverage Applications – Protein ingredients are widely used in margarine, milk substitutes, spreads, yogurt, and sausages.

Key Trends

• Promotional and Marketing Initiatives – Companies are increasingly investing in advertising campaigns to promote protein-based products.
• Growth in Plant-Based Proteins – While soy remains dominant, pea and wheat proteins are gaining popularity among health-conscious consumers.
• Eco-Friendly Sourcing and Sustainability – Demand for sustainable, low-carbon protein sources is rising.

Key Challenges

• Regulatory Compliance Issues – Stringent government regulations pose challenges for manufacturers.
• Price Volatility of Raw Materials – Fluctuating costs of animal and plant proteins impact production expenses.
• Fragmented Market – A highly competitive landscape with numerous players makes market penetration difficult.

Regional Market Trends

• Europe – High demand for sports nutrition and functional foods is fueling market growth, particularly in Germany and the UK.
• North America – The US remains a key market, driven by increasing consumer preference for protein-rich diets.
• APAC – Countries like China and Japan are experiencing growth in plant-based protein consumption.
• South America – Expanding health-conscious consumer base contributes to market demand.
• Middle East & Africa – Rising protein ingredient adoption in food and pharmaceutical industries.

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Key Players

• Archer Daniels Midland Co.
• Axiom Foods Inc.
• Burcon NutraScience Corp
• Cargill Inc.
• CHS Inc.
• Darling Ingredients Inc.
• DuPont de Nemours Inc.
• Farbest Brands
• Fonterra Cooperative Group Ltd.
• Ingenza Ltd.
• Kewpie Corp.
• Mead Johnson and Co. LLC
• Perfect Day Inc.
• Proeon
• Protera
• Roquette Freres SA
• Rousselot SDN. BHD.
• Sotexpro
• The Peterson Company
• Victory Hemp Foods
• Ynsect SAS

Future Market Insights

The protein ingredients market is expected to maintain steady growth, driven by increasing consumer demand for nutritious, sustainable, and functional protein sources across industries. The focus on health-conscious diets, infant nutrition, and eco-friendly production methods will continue shaping the market landscape through 2028.