Global Protein Ingredients Market Outlook, 2027

Global Protein Ingredients Market Outlook, 2027

Each cell of the human and animal body contains protein in it. Protein is a macromolecule that is made of different amino acids. Amino acids are useful for the production of hormones & enzymes as well as to repair the muscle and bone. Proteins are one of the energy sources. Protein is also essential for the processes that provide energy and transport oxygen throughout your body. It also aids in the antibody production that fights infections and disorders, as well as the maintenance and regeneration of cells. They also help with reducing the risk of chronic diseases, weight management and improving muscular stamina, etc.

According to the report title “Global Protein Ingredients Market Outlook, 2027”, published by Bonafide Research, The global protein ingredients market size was valued at USD 53.5 billion in 2021 and is expected to expand at a CAGR of more than 6% from 2021 to 2027.

The global protein ingredients market is mainly divided into two types as per the source i.e. Animal protein & Plant protein. The animal protein is the summation of egg protein, whey protein, milk protein, casein/caseinates, gelatin protein and fish protein. The whey protein market will grow at the highest CAGR of more than 8% by 2027. Dairy foods are an excellent source of protein but they also contain various types of vitamins like calcium & vitamin D. There are 9 essential amino acids that cannot be produced by the human body and are must be obtained from diet. These are present in milk protein. The casein contains phosphorus but whey doesn’t (Though in some whey protein the phosphorus is added from the outside). The studies found that 80% of casein and 20% of whey (serum) protein is presented in cow’s milk.

The plant protein market types are soy protein, pea protein wheat protein and rice, canola protein etc. Some plant protein doesn’t contain all the essential amino acids but they are more unsaturated, which lowers LDL cholesterol- a risk factor for heart disease. They also manage blood sugar levels, help in weight loss, and provide nutrition and antioxidants that can improve your overall health. Due to these reasons, the plant protein ingredients market is growing with the highest CAGR in the source type segment. The veganism and vegetarian population are also pushing the demand for plant-based products. The soy protein market has the largest market share among plant protein ingredients. This is because of its lower cost compared to other proteins and the growing demand for the animal feed industry.

The global protein ingredient market is classified into four major applications. They are food & beverages, animal feed industry, Cosmetic & personal care and pharmaceutical & nutraceutical. The animal feed industry has the largest market share of plant-based protein ingredients. The pharmaceutical segment is growing with the fastest CAGR during the forecast period of 2022-2027. Furthermore, a spike in the size of sports and fitness clubs improved awareness of the benefits of protein ingredients, and increased demand for energy bars and drinks has led to new innovations and product development by major companies. These reasons are expected to boost the growth of the global protein ingredients market in the near future.

Europe is leading the global protein ingredients market. Although the US is the leading country in this market because the major players like Archer Daniels Midland (ADM) Company, Cargill, Incorporated, Ingredion Incorporated and E.I. Dupont De Nemours And Company, etc. Asia-pacific is the fastest-growing region among all in the global protein ingredients.According to Veganz, a vegan food producer, Germany's vegan population will be more than double from 1.3 million in 2016 to 2.6 million, accounting for 3.2 % in 2020.Many Chinese consumers enjoy protein drinks made from black & red beans and oats. Developing countries like India, China & Japan are the main parameters for the growth in Asia-Pacific.

COVID-19 Impact:
The market shut down and disrupted the supply chain had resulted in lower demand for the consumption of global protein ingredients. On the other hand, the growing urbanization and veganism are pushing the demand for the global protein ingredients market. Meat and poultry consumption has lowered with the rising health concern during the pandemic. So, the immunity providing food and nutrition demand leads to the manufacturing of protein ingredients.

Major Companies present in the market:
Cargill, Inc., DuPont de Nemours, Inc. (NUTRITION & BIOSCIENCES), Archer Daniels Midland (ADM) Company, Kerry Group plc., Bunge Limited, Fonterra Co-operative Group, Arla Foods Ingredients Group P/S, CHS Inc., Mead Johnson Nutrition Company, Agridient Inc., Ingredion Incorporated, Agropur MSI, LLC, AMCO Proteins Company, CropEnergies AG, Omega Protein Corporation

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Protein Ingredients Market with its value and forecast along with its segments
• Region & country wise Protein Ingredients market analysis
• Application wise Protein Ingredients distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Russia)
Asia-Pacific (China, Japan, India, Australia, South Korea)
Latin America (Brazil, Argentina, Columbia)
Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Based on source of protein ingredients in the report:
Animal protein
Plant protein

Based on Animal type of protein ingredients in the report:
Egg protein
Milk protein
Whey protein
Casein protein
Gelatin protein
Fish protein
Based on Plant type of protein ingredients in the report:
Soy protein
Pea protein
Wheat protein

By Application Type in the report:
Food & Beverages
Animal Feed
Cosmetic & Personal care
Pharmaceutical & Nutraceutical

By Formulation Type in the report:
Solid
Liquid

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to food and beverage industry, Medical industry, cosmetic industry, animal nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.