Protein Ingredients Market Size Worth $85.5 Billion by 2028: Grand View Research, Inc.

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Feb 24, 2022, 05:15 ET

SAN FRANCISCO, Feb. 24, 2022 /PRNewswire/ -- The global protein ingredients market size is expected to reach USD 85.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% from 2021 to 2028. 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.

Key Insights & Findings from the report:

By product, plant proteins are expected to witness the fastest growth over the forecast period owing to the increased use of protein ingredients in food and beverages. Increasing use of plant proteins in a wide range of applications, including manufacturing of fertilizers, paper coatings, and printing inks, is creating lucrative growth opportunities for the segment.
Animal/dairy proteins held the largest revenue share of over 70.0% in 2020 owing to the growing adoption of these products in developed markets. Whey protein is expected to witness significant growth over the forecast period as it is largely popular among fitness-savvy consumers.
North America dominated the market with more than 40.0% share of the global revenue in 2020 owing to the high demand from the U.S. food and beverages sector. Consumer markets developing in Asia Pacific are growing at a high pace due to a rise in disposable income and changing lifestyle, resulting in significant growth of the regional market.
The Middle East and Africa is expected to exhibit a revenue-based CAGR of 9.6% from 2021 to 2028. This is attributed to supportive government policies as well as improved economic indicators, which have resulted in the increased availability of packaged foods amongst the urban and rural population.

Read 150-page market research report, "Protein Ingredients Market Size, Share & Trends Analysis Report By Product (Plant Proteins, Animal/Dairy Proteins, Microbe-based Proteins, Insect Proteins), By Application, By Region, And Segment Forecasts, 2021 - 2028", published by Grand View Research.

Protein Ingredients Market Growth & Trends

Increasing innovations by various manufacturers in terms of manufacturing proteins that contain a wide range of amino acids 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.

Protein Ingredients Market Segmentation

Grand View Research has segmented the global protein ingredients market on the basis of product, application, and region:

Protein Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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 Protein

Coleoptera
Lepidoptera
Hymenoptera
Orthoptera
Hemiptera
Diptera
Others

Protein Ingredients Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

Protein Ingredients Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

North America

U.S.

Europe

Germany
U.K.
France

Asia Pacific

China
India

Central & South America
Middle East & Africa (MEA)

List of Key Players of Protein Ingredients Market

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

Check out more related studies published by Grand View Research:

Protein Supplements Market - The global protein supplements market size is expected to reach USD 42.81 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2030. The growing number of fitness centers on account of rising millennials' interest in health and wellness is expected to drive the market over the forecast period.
Insect Protein Market - The global insect protein market size is expected to reach USD 1.74 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 27.4% from 2021 to 2028. The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period.
Plant Based Protein Supplements Market - The global plant based protein supplements market size is expected to reach USD 10.32 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2020 to 2028. Growing demand for personalized nutrition, inclination towards a vegan diet, and rising interest in plant-based nutrition are key factors fueling market growth.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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