The global protein ingredients market accounted for a value of USD 49.2 billion and is projected to register growth at a CAGR of 5.5% during forecast period.
COVID-19 has impacted the protein ingredients market. Many consumers are now shifting from towards healthy lifestyle and adopting nutritional food due to corona virus outbreak. The food with protein ingredients has seen uplift at high rate. The demand for food with protein ingredients such as snacks, supplements and dairy alternatives is increased as people all over the world are now adopting healthier lifestyle to boost immunity. Hence COVID-19 pandemic has boosted the plan-based proteins market.
For more details, visit: Global Protein Ingredients Market By Source (Animal Source and Plant Source), By Form (Dry and Liquid), By Application (Food & Beverages, Cosmetics & Personal Care, Other Applications) By Region, Forecast & Opportunities to 2026
Protein is highly nutritional and consumption of such nutritional products is increasing in the world due to rise in awareness about healthy lifestyle among population. The outbreak of corona virus also leads to rise in demand for protein ingredients to improve immunity. This drives growth in protein ingredient market during forecast period.
On the basis of source, the protein ingredients market is segmented into plant and animal. The animal segment is estimated to hold largest market share during forecast period. The animal protein is highly nutritional than plant protein. The animal protein is preferred by large number of consumers and end-users industries. it is used in various applications such as bakery and beverages. This drives growth in animal sourced protein during forecast period.
On the basis of form, the protein ingredients market is segmented into dry and liquid. The dry segment is estimated to register growth at highest CAGR during forecast period. The dry ingredients are preferred by manufacturers of various industries such as feed, food & beverages and pharmaceuticals industry. The dry form of protein ingredients have better stability and better ease of storage & handling. It is considered to have longer shelf life and it is widely used around the globe. The increase in demand for dry form of protein ingredients is likely to drive growth in this industry during forecast period.
On the basis of application, the protein ingredients market is segmented into food & beverages, animal feed, pharmaceuticals and cosmetics & personal care. The food & beverages industry is estimated to grow at highest CAGR during forecast period. The awareness about healthy lifestyle is increasing among the population around the world. The people are becoming health consciousness and focusing on healthy eating habits. People are adopting low fat and nutritive value food which increases demand for nutritive foods in food and beverage industry. Proteins are also used for their functional properties including binding, stabilizing, solubility, emulsifying and texturing properties. All these properties helps in reducing material cost and act as substitutes for few food additives. The adoption of healthy food and beverages is increasing around the world which is responsible for highest market growth in food & beverage industry. This drives growth in food & beverage industry during forecast period.
Europe region is estimated to hold largest market share during forecast period. The consumption of protein ingredients is high in this region. It consumes twice the average global consumption. The protein trend is increasing in personal care, cosmetics and food & beverages industries. The protein based food and drinks launches are high in this region especially in Germany. The increasing health related problem in the region increases demand for highly nutritive foods. The fresh food, quality food and taste of food is highly important in this region. This drives growth in Europe region during forecast period.
The key market players in protein ingredients are Cargill, ADM, DuPont, Kerry Group, Roquette, Arla Foods, Fonterra Cooperative Group, Frieslandcampina, Omega Protein Corporation, Gelita AG, Kewpie Corporation, Agarna, Amco Proteins, Hilmar Ingredients, Axiom Foods, Burcon Nutrascience, Rousselot, Foodchem International Corporation, A&B Ingredients and Reliance Private.
- What are the expected industry trends over the next three to five years?
- Which of the protein ingredients form is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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