Protein Ingredients Market Research Report - Forecast to 2028

Protein Ingredients Market Information- by Feedstock (Soy, Wheat, Pea, Canola, Whey, Milk, Casein, Egg, Beef, Pork Others), by Form (Powder, Bars, Ready to drink, Capsules & tablets and Others), by application (Functional Foods, Sports Nutrition, Meat Additives, Confectionery & Other Food Products, Pharmaceuticals and Others) by Region Forecast to 2028

ID: MRFR/F-B & N/0736-CR | 151 Pages | Published By Pradeep Nandi on May 2017         

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Protein Ingredients Market

Protein Ingredients Market is projected to reach USD 85,200 Million by 2028, at a CAGR of 10.0% from 2021 to 2028.

Segmentation
By Feedstock Soy Wheat Pea Canola Whey Milk Casein Egg Beef Pork
By Form Powder Bars Ready to drink Capsules & tablets
By application Functional Foods Sports Nutrition Meat Additives Confectionery & Other Food Products Pharmaceuticals
Key Players
Companies Profiled   Archer-Daniels-Midland Co. (U.S.)    Solae (U.S.)    Shandong Yuwang Industrial Co.Ltd (China)    Shandong Sinoglory Health Food Co. Ltd (China)    Gushen Biological Technology Group Co. Ltd (China)    Solbar (Israel)    Nutripea (Canada)
Drivers
Market Driving Forces   High Expenditure in marketing by prootein ingredient companies    Consumer Preference    Functional Properties
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Protein Ingredients Market Synopsis


Protein Ingredients Market is projected to reach USD 85,200 Million by 2028, at a CAGR of 10.0% from 2021 to 2028. Europe and North America are the major consumers of protein ingredients with Asia Pacific emerging as growing consumers. Increase in demand in overall health and wellness products with protein rich foods and beverages is driving higher demand for protein ingredients market.


Whey and soy are currently the largest protein ingredients with more than 35% of the market. Protein sources like soybean, whey and casein are fast emerging as alternatives in protein ingredients market. Soybean and whey is projected to dominate the protein ingredient sources with more than 40% during the forecast period. Increase in food safety issues related to animal protein, consumers are likely to shift more towards plant proteins like soybean, pea and canola.


South America is a major exporter of soybean in the year 2020. Soy protein is emerging as a majorly consumed plant protein, especially for those who are sensitive to dairy or are looking for a vegetarian/vegan protein options. High protein content along with other nutrient benefits such as potassium, zinc, iron and essential amino acids for recovery is supporting soy protein market.


Ready to drink is projected to grow the most among various form of protein ingredients with projected CAGR of 5.18% for the forecasted period. Powder and ready to drink is projected to dominate the protein ingredient forms with more than 50% market share.  Unique properties of protein powder which is more convenient than whole foods like meat, fish, eggs and dairy products with inclusion of variety of flavours and enhanced forms which enables it in acceptability by various industrial applications enables powder form the most popular forms of protein powders.


Functional foods and sports nutrition currently dominate the market and will continue to be the major end use markets for protein ingredients. Robust demand for protein rich foods and beverages along with specific requirements like weight management and control, muscle growth will drive higher demand for functional foods and sports nutrition with protein inclusions.


Key Players


The leading market players in the Protein Ingredients Market primarily are Archer-Daniels-Midland Co. (U.S.), Solae (U.S.), Shandong Yuwang Industrial Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Gushen Biological Technology Group Co., Ltd (China), Solbar (Israel) and Nutripea (Canada) Target Audience



  • Protein Ingredients manufacturers

  • Pharmaceutical Industry

  • Food and beverages industry

  • Sport Nutrition Manufacturers

  • E-commerce

  • Retailers and wholesalers


  • Traders, importers and exporters 


 Key Findings



  • The global protein ingredients industry is projected to reach USD 85,200 Million by 2028 of 10%

  • Functional food will continue to dominate the protein ingredients industry with more than 30% market share and it will grow at CAGR of 4.44% by 2028


  • Ready to drink form of protein ingredient is growing at faster rate compare to other forms with CAGR of 5.29% 


Regional and Country Analysis of protein ingredients market Development and Demand Forecast to 2028 Market


The reports also cover country level analysis:


North America

  • US

  • Canada

  • Mexico


Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Russia

  • Rest of Europe


Asia – Pacific

  • China

  • Thailand

  • India

  • Australia

  • Rest of APAC


RoW

  • South America

  • Middle East

  • Africa



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 85,200 Million
  CAGR   10.0%
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Feedstock, Form , application, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Archer-Daniels-Midland Co. (U.S.), Solae (U.S.), Shandong Yuwang Industrial Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Gushen Biological Technology Group Co., Ltd (China), Solbar (Israel) and Nutripea (Canada)
  Key Market Opportunities

  • Increasing Weight Management Practices
  • High Demand For Sport Nutrition
  • Improving Distribution Channels
  •   Key Market Drivers

  • High Expenditure In Marketing By Protein Ingredient Companies
  • Consumer Preference


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    Frequently Asked Questions (FAQ) :

    High protein content along with other nutrient benefits such as potassium, zinc, iron and essential amino acids. Whole Foods like Meat, Fish, Eggs, and Dairy Products with inclusion of variety of flavours and enhanced forms.

    Milk, Milk Products, Animal Products, Meat, Egg, Poultry and Fish are rich sources of protein containing a balanced level of amino acids. plant protein, especially for those who are sensitive to dairy or are looking for a vegetarian/vegan protein options

    Protein ingredients market is predicted to touch USD 85,200 Million by 2028

    Functional foods & sports nutrition will lead the protein ingredients market.

    Key players profiled in the protein ingredients market include Nutripea (Canada), Solbar (Israel), Gushen Biological Technology Group Co., Ltd (China), Shandong Sinoglory Health Food Co., Ltd (China), Shandong Yuwang Industrial Co., Ltd (China), Solae (U.S.), and Archer-Daniels-Midland Co. (U.S.).

    Protein ingredients market is projected to grow at a 10.0% CAGR between 2021-2028.

    Europe is expected to dominate the protein ingredients market.