Protein Ingredients Market by Source (Animal, Insect Proteins, Microbe-based Proteins), Form (Dry, Liquid), Application - Global Forecast 2024-2030

Protein Ingredients Market by Source (Animal, Insect Proteins, Microbe-based Proteins), Form (Dry, Liquid), Application - Global Forecast 2024-2030

The Protein Ingredients Market size was estimated at USD 63.66 billion in 2023 and expected to reach USD 67.13 billion in 2024, at a CAGR 5.76% to reach USD 94.28 billion by 2030.

Protein ingredients are extracted from various sources including animals - meat, eggs, milk and plants - soy, wheat, pea and primarily used to supplement the protein content in food and beverages, owing to their exceptional nutritional quality. Protein ingredients are characterized by their solubility, functional properties, nutritive value, flavor profile, and ease of digestion. These functional properties make them a versatile option in various food applications, contributing to texture, water-binding, gel formation, emulsification, and nutrient enrichment. Protein ingredients are widely utilized in the food and beverage industry, animal feed, cosmetics, pharmaceuticals, and nutritional supplements. However, fluctuating costs of raw materials and concerns related to protein-based product quality may hamper the market development. Nevertheless, the emerging applications in cosmetics and pharmaceuticals and ongoing advancements in protein ingredient manufacturing technologies are anticipated to make enormous opportunities for the growth of the market.

Regional Insights

The Americas region showcases a developed landscape for the protein ingredients market, owing to high disposable income, robust health consciousness, and greater consumer knowledge. Moreover, a rapidly progressing food and beverage industry bolsters the growth of the protein ingredients market. In EMEA, the widespread sports industry has increased the adoption of protein ingredients in sports nutrition and dietary supplements. Furthermore, solid R&D activities, governmental initiatives, and evolving consumer preferences towards plant-based protein ingredients are reinforcing the market in this region. Burgeoning population rates, coupled with an increase in disposable incomes, significantly elevate protein ingredient demand in the APAC region. Rapidly urbanizing audiences focusing on western dietary habits involves high protein consumption. Furthermore, governments in various economies in the region actively promote healthy eating, propelling the protein ingredients market.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Protein Ingredients Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing preference for the vegan sources of protein coupled with rising health consciousness among consumers
Rising prevalence of kwashiorkor and marasmus and need for protein-enriched products
Increasing demand for health supplements fortified with protein ingredients

Market Restraints

Fluctuating prices of the raw materials required to produce protein ingredients

Market Opportunities

Advancements in protein ingredient manufacturing technologies, such as microencapsulation and deep eutectic solvent (DES) extraction
Introduction of new plant-based protein ingredients induced cosmetics

Market Challenges

Constraints associated with the protein-based product quality

Market Segmentation Analysis

Source: Preferred animal based protein owing to high biological value
Form: Proliferation of dry protein ingredients in food industry owing to their shelf life, ease of handling
Application: Adopting food and beverage industry for protein ingredients owing to increase health benefits

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Protein Ingredients Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Protein Ingredients Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Partnership in Canada's Plant-Based Protein Sector

Protein Industries Canada, in collaboration with Burcon NutraScience, HPS Food & Ingredients, and Puratos Canada, has launched an ambitious USD 6.9 million initiative. This project aims to enhance the development and production of novel plant-based ingredients, specifically focusing on hemp and sunflower proteins. This initiative underscores a strategic commitment towards leveraging Canada's strong agricultural capabilities to bolster the plant-based foods sector.

Roquette Expands NUTRALYS Portfolio with New Pea Protein Variants

Roquette Frères S.A. has enhanced its NUTRALYS product line with four new pea protein variants, aimed at addressing common challenges in plant-based food and beverage development. These innovations include NUTRALYS Pea F853M, an isolate that substantially increases firmness and thickness to create better textures in meat alternatives and plant-based spreads. NUTRALYS H85, the company's first food-grade hydrolyzed pea protein, facilitates a soft bite and smooth texture in high-protein snacks and beverages, ensuring consistency and cohesiveness across various applications. Roquette introduced NUTRALYS T Pea 700M and NUTRALYS T Pea 700FL for more textured options.

FrieslandCampina’s Heat-Stable Whey Protein Enhances Nutritional Supplements

FrieslandCampina Ingredients has innovated in protein engineering by developing Nutri Whey ProHeat, a heat-stable whey protein, using advanced microparticulation technology. This development addresses the traditional challenge of whey protein denaturation under high heat, which surpasses 75°C, leading to undesirable gelation and sensory issues in nutritional products. Unlike the commonly used casein-based proteins in liquid oral nutritional supplements (ONS), which are heat tolerant but digest slower, Nutri Whey ProHeat offers rapid digestion and a rich content of leucine, a crucial amino acid for muscle health.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Protein Ingredients Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Protein Ingredients Market, highlighting leading vendors and their innovative profiles. These include A & B Ingredients Inc., AGT Food and Ingredients, Ajinomoto Co. Inc., Alfa Chemistry, Amco Proteins, Aminola BV, Archer Daniels Midland Company, Arla Foods Ingredients, Inc., Axiom Foods, Inc., Bioway (Xi'an) Organic Ingredients Co., Ltd., Blonyx Biosciences Inc., Bouwhuis Enthoven by Van Beek Group, Bremil Group by Frutarom, Cargill, Incorporated, Chaitanya Biologicals Pvt. Ltd., CJ Selecta, Cosucra, DuPont de Nemours, Inc., Farbest-Tallman Foods Corporation, Foodchem International Corporation, Gelita AG, Glanbia PLC, Ingredion Incorporated, JR Unique Foods Ltd., Kerry Group PLC, Kewpie Corporation, Maxsun Industries, Inc., MGP Ingredients, Inc., Milk Specialties Global, Nordic Soya Oy, Now Health Group, Inc., Nutriwell Laboratories, Omega Protein Corporation by Cooke Inc., Phyto-Therapy, Process Agrochem Industries Pvt Ltd., Proeon, PURIS, Rejoice Life Ingredients, Rose Acre Farms Inc., Rousselot Inc. by Darling Ingredients International Holding B.V., Sanovo Technology Group, Sotexpro, Tate & Lyle PLC, The Every Company, The Green Labs LLC, The Scoular Company, Titan Biotech Ltd., VPA Australia, VRS Foods Limited, and Wulro Food Group BV.

Market Segmentation & Coverage

This research report categorizes the Protein Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Source
Animal
Dairy Protein
Casein & Caseinates
Milk Protein Concentrate
Whey Protein Concentrates
Whey Protein Hydrolysates
Whey Protein Isolates
Egg Protein
Gelatin
Insect Proteins
Coleoptera
Diptera
Hemiptera
Hymenoptera
Lepidoptera
Orthoptera
Microbe-based Proteins
Algae
Bacteria
Fungi
Yeast
Plants
Soy Protein
Vegetable Protein
Wheat Protein
Form
Dry
Liquid
Application
Cosmetics & Personal Care
Feed
Food & Beverages
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year