Protein Ingredients Market to Hit $95.5 Billion By 2030

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The global Protein Ingredients market size is expected to be worth around US$ 95.5 billion by 2030, according to a new report by Vision Research Reports.

The global Protein Ingredients market size was valued at US$ 38.5 billion in 2020 and is anticipated to grow at a CAGR of 10.10% during forecast period 2021 to 2030.

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Growth Factors

The market is expected to witness significant growth over the forecast period owing to increasing consumer awareness regarding maintaining a healthy diet and leading an active lifestyle. In addition, the growing popularity of adopting a high protein diet as a part of weight reduction is expected to propel the demand for protein ingredients.

Increasing innovations by various manufacturers in terms of manufacturing proteins that contain a wide range of and specific functions, including energy balance, weight loss, muscle repair, and satiety, are expected to create immense growth potential for the market over the forecast period. Moreover, ascending demand for protein ingredients among women owing to the prevalence of the ‘strong not skinny’ trend as well as the rising popularity of resistance training among women are factors likely to fuel the market growth.

There has been an increase in the demand for supplements and natural prevention, a rise in the consumption of snack-based meal replacements, and growth in the consumer demand for greater ingredient traceability and authenticity. Moreover, rising demand for higher protein density in mainstream diet and growing multiple nutritional segments addressing various consumer needs on the basis of different life stages, gender, health issues, performance demands, regional diets, and regulatory framework are some of the other major trends being observed in the market.

The protein ingredients companies have been launching new products to cater to the rising demand among health-conscious consumers. For instance, in October 2018, the company DuPont launched a new protein ingredient (pea protein) under the brand TRUPRO 2000 for use in beverage applications. DuPont introduced the new product to further expand its product offerings and increase its penetration in the beverages industry.

Furthermore, in August 2019, Cargill, Incorporated invested in a U.S.-based company called Puris that is operating in the field of plant-based ingredients. A total sum of USD 75 million was invested to cater to the rising demand for pea protein ingredients in the U.S. market. Many international players are looking to make such investments to capitalize on the growing demand for pea protein. Urbanization, westernization of diets, population growth, expanding middle-class with higher disposable income, increasing frequency of exercise, and rising focus on leading an active and healthy lifestyle in the emerging economies, including China and India, are factors expected to drive the demand for protein ingredients.

Report Highlights

Animal-based proteins led the market and accounted for more than 70.0% share of the global revenue in 2020. Numerous health benefits offered by animal protein ingredients have been supported by strong scientific evidence and recognized by the government food regulatory institutions. The high demand for animal-based ingredients is pushing their consumption further, thus propelling the growth of the segment over the forecast period. For example, whey increases glutathione (GSH) levels as well as enhances nutritional status and immunity in cancer patients undergoing chemotherapy.

Plant proteins are relatively inexpensive compared to animal-derived variants, which is expected to fuel the growth of the plant segment over the forecast period. Additionally, the growing trend of veganism is fueling the consumption of plant-based ingredients in North America and Europe. The perception of plant-based products being healthier than animal-based counterparts has resulted in the increasing adoption of products derived from soy and wheat. Pea protein has a relatively lower market share compared to soy and wheat protein, however, it is expected to exhibit a revenue-based CAGR of 12.9% over the forecast period.

The demand for cereal-based ingredients is expected to witness significant growth on account of their application in the personal care and cosmetics industry. Corn-based products are used as a pacifying agent, skin conditioning agent, hair conditioning agent; as abrasives and absorbents; and as binders in the eye and facial makeup, fragrances, hair care, hair dye and hair coloring, nail, and oral care applications.

The legume-based proteins segment is driven by the growing adoption of legumes in the vegan diet and food items as a source of protein. Furthermore, the increasing consumption of legume-based snacking products is predicted to positively impact segment growth. Rising incidences of health disorders, such as obesity, digestive problems, and diabetes, among consumers are driving the acceptance of healthy foods. This is evident through the fact that legumes prevent and reduce the onset of various health issues, including cell damage and high blood pressure.

The demand for micro-based proteins is increasing due to the growth in animal feed applications over the past few years. One of the main factors contributing to the growth of the microbe-based proteins segment is its rising utilization in the aquaculture feed industry. This is a result of the growth of fish farming all over the world, which is responsible for 50% of the world’s fish supply for food applications. The number is likely to grow over the next few years, resulting in the growth of the microbe-based proteins segment as it is a key ingredient supplying overall nutritive value and high-quality amino acids to the aquaculture sector.

Protein ingredients derived from insects, such as crickets, have found widespread applications, including bars. The protein from insects is typically used in powder form to enhance nutritional value as well as add flavor to the bars. Companies such as Crik Nutrition source these raw materials from farms that are inspected and designed to farm crickets that are suitable for human consumption. To ensure high quality of raw materials, these farms follow strict guidelines and practices for the same.

The market has been successfully penetrating new emerging markets, such as New Zealand, for the product owing to the high availability and abundance of favorable plant crops. Wrinkled peas, alfalfa, tree nuts, potato, kiwifruit seeds, and amaranth are some of the superior sources of protein and are highly harvested in New Zealand. In addition, New Zealand and similar European countries have been seeing the establishment of new manufacturing facilities in the region, further ascending the growth of the market in Europe.

The food and beverages application segment held the largest revenue share of over 40.0% share in 2020. Whey protein ingredients are an economical source of protein and are therefore extensively used in the bakery and confectionery industry. Furthermore, advancements in process design and technology have improved the quality of whey products that are highly refined, including demineralized whey, WPIs, and WPCs. The advancements have resulted in the increased incorporation of protein ingredients in various functional food products to make them nutrient-rich.

Protein ingredients are highly used in beverages to make liquid supplements. The ready-to-drink protein-rich beverages are becoming highly popular among fitness-savvy consumers, spiking the consumption of food and beverages over the forecast period. These ingredients are additionally used in other beverages to improve the textural properties by increasing their particulate level. The application of proteins in other beverages is expanding for value addition purposes as well as to improve the overall consistency of the drink.

The infant formulations application segment is expected to witness significant growth in the years to come as protein is an important constituent in the infant diet. Either animal or plant proteins constitute the ingredients of premixes. Infant formulas containing milk protein isolates and concentrates are widely used for infant nutrition. The product is available in liquid ready-to-eat, liquid concentrate, and powdered forms. Different products derived from cow milk include partially hydrolyzed whey protein and its concentrates, combinations of casein, and non-fat milk.

The growing research & development in protein-based products for clinical nutrition application have resulted in the increased number of products using protein ingredients in the biopharmaceutical industry. The growing awareness regarding diseases linked with nutrition deficiency and changing lifestyles has caused a rise in demand for these ingredients in the aforementioned applications.

North America dominated the market and accounted for more than 40.0% share of the global revenue in 2020. The growing demand for protein ingredients is a result of the increasing consumption of snacks, cold cereals, and energy bars. The introduction of new products, such as Enfamil Human Milk Fortifier Liquid High Protein, by companies including Mead Johnson and Cargill, Inc. to cater to the consumer needs for cholesterol-free and low saturated fat beverages is expected to augment the product demand further.

In terms of revenue, Germany accounted for the largest share in the European region in 2020. The rise in the geriatric population in Germany has fueled the demand for medical nutritional products helpful in bone and muscle maintenance. This has propelled the demand for these ingredients in the recent past. Moreover, the contribution of protein ingredients in treating Alzheimer’s disease has positively impacted the market in Germany.

Asia Pacific is expected to register the highest growth rate in terms of revenue during the forecast period due to the emerging consumer markets in countries, such as China and India. The easy availability of raw materials has made China one of the biggest producers of plant and animal-based products. Soy protein is widely consumed in China and soy accounted for more than 91% share of the plant-based protein segment in the country. Moreover, growing dependence on packaged foods and drinks is expected to propel the product demand in South Korea, Malaysia, Indonesia, India, and China over the next few years.

Key Players

  • DuPont
  • Rousselot
  • Fonterra
  • Archer Daniels Midland Company
  • Burcon NutraScience
  • Tessenderlo Group
  • Kewpie Corporation
  • Roquette Frères
  • The Scoular Company
  • CHS Inc.
  • Mead Johnson & Company, LLC
  • Cargill, Incorporated

Market Segmentation

  • Product Outlook 
    • Plant Proteins
      • Cereal-based
      • Legumes-based
      • Root-based
      • Nuts & Seeds-based
      • Ancient Grains
    • Animal/Dairy Proteins
      • Egg Protein
      • Milk Protein Concentrates/Isolates
      • Whey Protein Concentrates
      • Whey Protein Hydrolysates
      • Whey Protein Isolates
      • Gelatin
      • Casein/Caseinates
      • Collagen Peptides
    • Microbe-based Proteins
      • Algae
      • Bacteria
      • Yeast
      • Fungi
    • Insect Proteins
      • Coleoptera
      • Lepidoptera
      • Hymenoptera
      • Orthoptera
      • Hemiptera
      • Diptera
      • Others
  • Application Outlook
    • Food & Beverages
      • Bakery & Confectionery
      • Beverages
      • Breakfast Cereals
      • Dairy Alternatives
      • Dietary Supplements/Weight Management
      • Meat Alternatives & Extenders
      • Snacks
      • Sports Nutrition
      • Others
    • Infant Formulations
    • Clinical Nutrition
    • Animal Feed
    • Others
  • Regional Outlook
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
    • Central & South America (CSA)
    • Middle East & Africa (MEA)

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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