Authored By: Sarah
11 Jul 2024

 Protein Ingredients Market Size to grow by USD 27025.6 million between 2024-2028

According to a research report “ Protein Ingredients Market” by Source (Animal based protein, Plant-based protein) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 27025.6 million, at a CAGR of  10.03% during the forecast period. In the global market, there is a significant demand for protein ingredients used in the production of infant formulas. These formulas, which come in powder or liquid form, cater to the nutritional needs of babies and infants between the ages of 6 and 12 months, often serving as a supplement or alternative to breast milk. Factors such as increasing awareness of the nutritional benefits of infant formulas, a rising birth rate, and an increasing number of working mothers are driving this demand. As a result, the infant formula industry is experiencing substantial growth, leading to a corresponding surge in the demand for protein ingredients, including soy and whey, used in their manufacture.

Browse market data tables, figures, and in-depth TOC on “Protein Ingredients Market” by Source (Animal based protein, Plant-based protein) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Source, the Animal based protein segment is projected to dominate the market size in 2024

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By Geography, Europe  segment is expected to hold the largest market size for the year 2024

The Protein Ingredients Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for high-protein foods and beverages. Key market drivers include growing health consciousness, rising obesity rates, and the expanding sports nutrition sector. Protein sources such as soy, whey, casein, and pea are in high demand, with applications spanning from food and beverage to pharmaceuticals and animal nutrition. Market growth is expected to remain robust, driven by consumer preferences for convenient, healthy, and protein-rich options.

Europe is forecasted to hold the largest market size by region in 2024

The Protein Ingredients Market represents a significant business opportunity for manufacturers and suppliers due to the growing demand for high-protein foods and beverages. Key players in this sector focus on innovation and product development to cater to various end-use industries, including food and beverage, pharmaceuticals, and sports nutrition. Protein sources such as soy, whey, casein, and pea are popular choices, with each offering unique advantages in terms of nutritional value and functionality. Market growth is driven by factors such as increasing health awareness, changing dietary preferences, and rising disposable income.

The Protein Ingredients Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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
.

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Research Analysis Overview

The Protein Ingredients Market is witnessing significant growth due to the increasing demand for protein-rich foods and beverages. Aging consumers and health-conscious individuals are driving the market, as they seek to maintain their health and vitality. Amino acids, the building blocks of proteins, are at the forefront of protein development. Dairy proteins, such as milk sausages and yogurt, and soy proteins are popular choices, but plant-based proteins, including functional foods and sports nutrition, are gaining popularity due to dietary trends. Margarine and spreads are also incorporating protein ingredients to cater to consumer demand. GM ingredients and animal-derived proteins, including gelatin, face ethical and sustainability concerns, leading to the rise of plant-based proteins from microbes, insects, and animals. The Pharmaceuticals industry and Feed industry are also significant consumers of protein ingredients. Consumer behavioral intention towards protein-rich diets is a key factor influencing market growth. Overall, the Protein Ingredients Market is expected to continue its upward trajectory as consumers prioritize health consciousness and seek out high-protein options from various sources.

Market Research Overview

The Protein Ingredients Market is witnessing significant growth due to the increasing demand for protein-rich diets, driven by consumer behavioral intention towards health consciousness and vegan and vegetarian trends. The market includes raw materials derived from both animal and plant sources, such as Whey Protein Concentrates (WPC) and Whey Protein Isolates (WPI), as well as plant-based constituents like Soy Protein, Wheat, Canola, and others. Eco-friendly methods for waste generation reduction are gaining importance in the production of protein ingredients. Animal source proteins, such as those from the dairy industry, have environmental impacts, and there is a growing demand for eco-friendly alternatives. Plant-based proteins, including Soy, Wheat, Canola, and others, are increasingly used in food and beverage applications, such as margarine, milk sausages, yogurt, spreads, and texturized protein ingredients. The market also includes protein ingredients for infant formulations and the pharmaceuticals industry. Animal source proteins, such as Gelatin, are used in the production of pharmaceuticals, while plant-based proteins are used in functional foods and sports nutrition. Amino acids, essential for muscle repair and satiety, are also important protein development areas. The market is influenced by dietary trends, such as flexitarianism, plant-based eating, and weight loss. Consumers are increasingly concerned about LDL cholesterol and chronic diseases, leading to a growing demand for protein ingredients that offer health benefits. Sustainable sourcing, GM ingredients, and the use of microbes, insects, and animals in protein production are also key market trends.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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