The latest report by IMARC Group, titled “Protein Ingredients Market Report by Product Type (Animal Proteins, Plant Proteins), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Animal Feed), and Region 2024-2032“, The global protein ingredients market size reached US$ 42.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

Factors Affecting the Growth of Protein Ingredients Industry:

  • Growing Demand for Nutrient-Dense Food Products:

The surge in consumer consciousness regarding health and wellness in recent years has led to a noticeable shift towards healthier dietary choices. This has resulted in a growing demand for nutrient-dense food products, especially those rich in protein. Proteins, as crucial macronutrients, play an essential role in various physiological functions such as muscle repair, immune function, and hormone regulation. The increasing awareness of the health benefits associated with protein consumption is a key factor propelling the protein ingredients market. Consumers are actively searching for products that provide high protein content to support their active lifestyles, weight management goals, and overall well-being. This trend is particularly evident among demographics such as millennials and fitness enthusiasts who prioritize nutritional value in their purchasing decisions. As a result, food manufacturers are including protein ingredients in a wide array of products, including snacks, beverages, dairy alternatives, and meat substitutes, to cater to this growing demand.

  • Rapid Expansion of the Sports Nutrition Industry:

The sports nutrition industry has seen notable growth recently due to a rising number of individuals participating in fitness activities, including gym workouts, sports, and recreational exercise. Athletes, fitness enthusiasts, and active individuals are increasingly acknowledging the significance of proper nutrition in achieving their performance and fitness goals. Consequently, there is an increasing demand for sports nutrition products specifically designed to support athletic performance, recovery, and muscle growth. Protein plays a crucial role in muscle repair and growth following intense physical activity, making it a critical component of sports nutrition. Athletes and fitness enthusiasts often consume protein supplements, such as protein powders, bars, and shakes, to support their training regimens and enhance their athletic performance. Additionally, protein ingredients are typically included in sports drinks and recovery beverages to provide essential amino acids and promote muscle recovery post-exercise.

  • Significant Technological Advancements in Food Processing and Ingredient Innovation:

Recent advancements in food processing and ingredient innovation have transformed the sourcing, extraction, and integration of protein ingredients. Enhanced extraction methods like enzymatic hydrolysis, membrane filtration, and microbial fermentation enable manufacturers to procure premium protein isolates and concentrates from various sources like plants, dairy, and alternative proteins. A key catalyst for innovation in the protein ingredients sector is the introduction of alternative protein sources to address the rising demand for plant-based and sustainable food choices. Plant-derived proteins like soy, pea, rice, and hemp are increasingly favored by consumers looking for eco-conscious alternatives to traditional animal-based proteins. Progress in ingredient processing technologies has empowered manufacturers to extract and purify proteins from plant sources more effectively, resulting in a wider array of plant-based protein ingredients with enhanced functionality and sensory attributes.

Competitive Landscape with Key Player:

  • Cargill Inc.
  • Archer-Daniels-Midland Company
  • Kerry Group
  • Omega Protein Corporation
  • Mead Johnson

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/protein-ingredients-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Animal Proteins
    • Egg Protein
    • Whey Protein
    • Gelatin
    • Casein
    • Milk Protein Concentrates/Isolates
  • Plant Proteins
    • Wheat Protein
    • Soy Protein
    • Pea Protein
    • Others

Animal proteins dominate the market due to its widespread availability, high biological value, and long-standing cultural acceptance in many global cuisines.

  • Breakup by Application:
    • Food and Beverages
    • Personal Care and Cosmetics
    • Pharmaceuticals
    • Animal Feed

Food and beverages hold maximum number of shares due to the universal need for sustenance and the diverse range of products, from snacks to ready-to-drink beverages, where protein ingredients are incorporated to enhance nutritional value and appeal to health-conscious consumers.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Europe’s dominance in the protein ingredients market is attributed to its diverse consumer base, robust food and beverage industry, and growing demand for protein-rich products across various applications.

Global Protein Ingredients Market Trends:

The demographic shift toward older age groups globally is leading to a greater focus on healthy aging and wellness, with heightened awareness about the importance of maintaining muscle mass, bone density, and overall health to support active lifestyles and independence among individuals as they age. Recognized as a crucial nutrient for healthy aging, protein plays a significant role in preserving muscle mass, promoting bone health, and supporting immune function. This has resulted in an increased demand for protein-rich foods and supplements tailored for older adults looking to maintain their health and vitality. The emphasis on healthy aging and wellness is propelling the incorporation of protein ingredients into a variety of functional food and beverage products aimed at addressing the specific nutritional needs of aging populations. Moreover, the global rise in lifestyle-related health conditions such as obesity, diabetes, and cardiovascular disease is prompting individuals to seek out healthier dietary choices to prevent and manage these conditions. Protein-rich diets have demonstrated their ability to support weight management, improve metabolic health, and reduce the risk of chronic diseases, thus gaining popularity among health-conscious consumers.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163