Global Protein Ingredients Market - 2023-2030

Global Protein Ingredients Market - 2023-2030

Global Protein Ingredients Market reached US$ 75.6 billion in 2022 and is expected to reach US$ 125.1 billion by 2030 and is expected to grow with a CAGR of 6.5% during the forecast period 2023-2030. The market for protein ingredients is witnessing robust growth driven by the increasing demand for a wide variety of protein sources.

Whey protein, casein protein, soy protein, pea protein, rice protein, and hemp protein are among the key proteins in this expanding market. These protein ingredients cater to the evolving consumer preferences for protein-rich diets, whether derived from plant-based or animal-based sources. Plant-based proteins, such as soy, pea, rice, and hemp protein, are gaining popularity among health-conscious individuals and those following vegan or vegetarian lifestyles. Simultaneously, animal-based proteins like whey and casein protein continue to be favored by athletes and fitness enthusiasts for their muscle-building benefits.

The growing market for protein ingredients reflects the increasing recognition of the importance of protein in supporting overall health and wellness. With a diverse range of protein sources available, the global protein ingredient market is witnessing continuous innovation and product development to meet the evolving needs of consumers. This growth trend is expected to continue as more individuals prioritize protein intake as part of their healthy lifestyle choices.

Market Dynamics
The Consumers Growing Preference for Nutrient-Dense Food
The expansion of the protein ingredients market is being propelled by the increasing demand for plant protein products. As consumers become more health-conscious and environmentally aware, there is a growing preference for plant-based protein sources over traditional animal-based options.

The rising demand for plant protein products has stimulated innovation in the protein ingredients market. Manufacturers are developing new plant-based protein sources and refining extraction processes to improve the taste, texture, and nutritional profiles of plant protein ingredients. This has led to the availability of a wide range of plant protein ingredients that can be incorporated into various food and beverage applications. For instance on March 13, 2023, Shiru, an AI-powered discovery and development company for novel ingredients, launched OleoPro. OleoPro, an innovative fat ingredient derived from plant proteins, offers a versatile solution for various alternative protein food products.

The Growing Potential of Dairy Proteins Driving the Market Expansion
The protein ingredients market is witnessing significant expansion, propelled by the growing potential of dairy proteins. Renowned for their exceptional nutritional value, dairy proteins, including whey and casein, have become highly sought-after ingredients in the food and beverage industry. They offer a complete amino acid profile, making them ideal for supporting muscle growth, recovery, and overall health.

Dairy proteins also bring valuable functional properties to product formulations, enhancing texture, stability, and sensory attributes. Their ability to improve the creaminess, viscosity, and mouthfeel of various food and beverage applications has made them a favored choice among manufacturers. For instance, on July 05, 2022, Danone launched new dairy based protein ingredient formula for babies. In the baby formula, 60% of the protein is sourced from high-quality, non-GMO soy, and 40% comes from the dairy ingredients, casein and whey protein.

Moreover, dairy proteins enjoy strong consumer appeal due to their natural and wholesome image. With a rich history in traditional dairy products, they are often perceived as reliable and trustworthy protein sources.

The Strict Government Regulations on Protein Ingredients
Government regulations aim to ensure the quality, safety, and transparency of protein ingredients in order to protect consumer health and maintain industry standards. However, the complex and rigorous nature of these regulations can pose challenges for manufacturers, leading to increased compliance costs and delays in product development and market entry.

Furthermore, the inconsistency and lack of harmonization in regulations across different regions or countries can create barriers to trade and limit market access for protein ingredient manufacturers. Compliance with varying regulations becomes time-consuming and costly, particularly for companies operating in multiple jurisdictions.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Artificial Intelligence Analysis
Artificial intelligence (AI) analysis is playing a transformative role in the study and analysis of protein ingredients. With the complex nature of protein structures and the vast amount of available data, AI algorithms and machine learning techniques enable researchers and scientists to gain valuable insights and make accurate predictions.

AI analysis aids in protein ingredient research by facilitating protein sequence analysis, protein structure prediction, and protein-protein interaction analysis. By utilizing AI algorithms, researchers can identify potential functional properties, allergenicity, and bioactive peptides within protein ingredients. This helps in understanding the nutritional composition and potential health benefits associated with different protein sources.

Segment Analysis
The global protein ingredients market is segmented based on product, form, application, and region.

By Form, the Liquid Segment, is the Fastest Growing Segment During the Forecast Period

The global protein ingredients market is witnessing significant growth, particularly in the segment of liquid protein ingredients. The rising demand for convenient and easily digestible protein sources has fueled the growth of liquid protein ingredients.

Liquid protein ingredients offer several advantages, such as quick absorption and ease of incorporation into various food and beverage products. They provide a convenient option for consumers seeking protein supplementation or fortification in their diets. Liquid protein ingredients are commonly used in sports nutrition products, ready-to-drink protein beverages, protein shakes, and meal replacements.

Geographical Analysis
The North America Region Held the Largest Share in Protein Ingredients Market.

The demand for protein ingredients in North America is experiencing significant growth. This growth is driven by various factors, including the increasing consumer awareness and preference for protein-rich diets, the rising popularity of plant-based and alternative protein sources, and the expanding market for sports nutrition and dietary supplements. As a result, manufacturers and suppliers of protein ingredients in North America are witnessing a surge in demand, leading to opportunities for expansion and innovation in the industry.

For instance, on February 02, 2023, Sensus America launched new plant-based protein to its ingredient portfolio. This protein isolate is specifically designed to address the challenges faced in plant-based dairy applications, particularly in replicating the creamy texture found in animal dairy products.

Competitive Landscape
The major global players in the market include DuPont, Rousselot, ADM, Burcon, Tessenderlo Group, Kewpie Corporation, Roqutte, Freres, The Scoular Company, CHS, Inc., and Mead Johnson & Company, LLC.

Why Purchase the Report?
• To visualize the global protein ingredients market segmentation based on product, form, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of Protein Ingredients market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.
The global protein ingredients market report would provide approximately 61 tables, 58 figures and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies