Protein Ingredients Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 250 Pages | Category : Food and Beverages

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.

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 Protein Ingredients market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Protein Ingredients market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Protein Ingredients market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Protein Ingredients market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Protein Ingredients market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Protein Ingredients capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Protein Ingredients by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Protein Ingredients market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Protein Ingredients market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Protein Ingredients market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Protein Ingredients industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Protein Ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Protein Ingredients market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Protein Ingredients market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Protein Ingredients market. These factors have benefited the growth of the global market for Protein Ingredients. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Protein Ingredients. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Protein Ingredients are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

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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