Protein Ingredients Market Analysis Forecast 2024- 2030

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Global Protein Ingredients Market size was US$ 47.50 Billion in 2023 and expected to surpass US$ 74.12 Billion by 2030. It is predicted to experience a CAGR of 6.56% from 2024 to 2030, according to Renub Research

The recently released report, "Protein Ingredients Market: Industry Trends, Size, Growth, Share, Opportunity, and Forecast 2024-2030," produced by Renub Research, includes extensive enterprise analysis and market percentage records. The competition, geographic distribution, and growth potential of the Global Protein Ingredients Market are all examined in this study.

 

Global Protein Ingredients Market is predicted to rise at a CAGR of 6.56% from 2024 to 2030

 

Protein ingredients have surged in popularity as fitness-aware consumers prioritize nutrients. The market is diversifying from traditional sources like whey and casein to innovative plant-based alternatives along with pea, soy, and hemp proteins. This trend is driven by the increasing demand for convenient, protein-packed products in fitness and health circles. Also, protein's role in muscle construction, weight management, and universal well-being has also propelled its prominence. As clients try to find sustainable and ethical alternatives, plant-based proteins gain traction, reflecting a shift toward environment-friendly options. The versatility of protein ingredients in various food and beverage applications further solidifies their substantial appeal in the ultra-modern health-focused panorama.

 

Innovative technology has improved protein ingredient quality, functionality, cost-effectiveness, and sustainability. These advancements include editing protein functionality to suit different needs, improving extraction efficiency, reducing waste, and cutting costs. Sustainability is addressed by using high-pressure processing (HPP), which extends shelf life while minimizing the use of preservatives. Non-contact heating, inclusive of Ohmic heating, improves solubility and digestibility. Extraction techniques like Microwave-Assisted Extraction (MAE), Enzyme-Assisted Extraction (EAE), and Ultrasound-Assisted Extraction (UAE) efficaciously extract proteins with minimum energy consumption, contributing to a more sustainable protein manufacturing landscape in a multifaceted way. So, the global protein ingredients market will be valued at US$ 74.12 Billion by 2030.

 

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Besides, governments, venture capitalists, and food companies have invested notably in protein research in recent years. The U.S. Government, venture capitalists, and Nestlé have contributed $1 billion, $3.2 billion, and $2 billion, respectively. Simultaneously, institutions like the University of California, Davis, invested over $100 million in a protein research center. This surge is anticipated to propel innovations in protein ingredients, technology, and applications, meeting the growing demand. Advances encompass sustainable plant-based assets, efficient extraction technologies, and protein modification, promising persistent innovation in the future.

 

Dairy protein is experiencing a substantial increase in the worldwide protein ingredients market

 

The growth in the dairy protein section is fuelled by growing client recognition of health benefits; demand for dairy proteins, including whey and casein, is rising. These proteins are valued for their extraordinary amino acid profiles and applications in sports activities, nutrition, and functional foods. As dietary developments lean toward protein-rich options, the dairy protein sector continues to extend, contributing significantly to the evolving landscape of the global protein ingredient market.

 

Products –Protein Ingredient Market breakup from 4 viewpoints:

 

  1. Dairy Protein
  2. Egg Protein
  3. Fish Protein
  4. Gelatin

 

Concentrate proteins assert dominance in the international protein ingredient market, with sustained growth attributed to their dietary efficacy and diverse applications

 

Whey protein concentrates, for instance, hold an outstanding function due to their excessive protein content, wealthy amino acid profiles, and tremendous use in sports nutrients and functional foods. Plant-based concentrates, including soy and pea protein, additionally contribute to market dominance as clients increasingly include plant-centric diets. The versatility of concentrate proteins in catering to various nutritional preferences underscores their market prominence, reflecting a worldwide shift in the direction of protein-rich solutions in reaction to health-aware consumer trends.

 

Form – Protein Ingredient Market breakup from 3 viewpoints:

 

  1. Concentrate Protein
  2. Isolate Protein
  3. Others

 

Food and beverages reign supreme in the worldwide protein ingredient market, commanding dominance fuelled by evolving customer preferences

 

The surge in health and well-being recognition has brought about an upsurge in demand for protein-enriched products, positioning them at the vanguard of the market. Proteins are ubiquitous in diverse food and beverage categories, from snacks and beverages to meal replacements. Whether sourced from traditional animal products or modern plant-based alternatives, proteins are pivotal in catering to a health-conscious population's dietary wishes. This dominance underscores the crucial role that food and beverage industries play in shaping the trajectory of the global protein ingredient market.

 

Applications –Protein Ingredient Market breakup from 5 viewpoints:

 

  1. Food Beverages
  2. Infant Formulations
  3. Clinical Nutrition
  4. Animal Feed
  5. Others

 

The protein ingredient market has the potential to be led by China on a global level

 

A surge in health focus among Chinese clients is propelling a robust demand for protein-rich ingredients, shaping diverse segments like dairy, meat alternatives, bakery, and sports activities' nutrient products. The developing preference for sustainability and moral ethics is fuelling the popularity of plant-based proteins and soy, pea, and rice protein. Protein ingredients are diversifying in applications, permeating fortified ingredients, functional ingredients, and even pet food in China. Government help, marked by subsidies, tax incentives, and research funding, further stimulates the protein enterprise's growth. With these factors in play, the Chinese protein ingredient market is poised for sustained expansion, pushed by a convergence of consumer trends and supportive guidelines.

 

Countries – Protein Ingredient Market breakup from 21 viewpoints:

 

  1. United States
  2. Canada
  3. Mexico
  4. Germany
  5. United Kingdom
  6. France
  7. Italy
  8. Spain
  9. Switzerland
  10. Japan
  11. China
  12. India
  13. Australia
  14. South Korea
  15. Indonesia
  16. Brazil
  17. Argentina
  18. South Africa
  19. Saudi Arabia
  20. United Arab Emirates
  21. Rest of world

 

Competitive Landscape

 

The leading companies in the global protein ingredients market are Archer Daniels Midland Co., DuPont de Nemours, Inc., MGP Ingredients, Kerry Group plc, Tessenderlo, CHS, Inc, Crop Energies AG, and Glanbia Plc.

 

All companies have been covered from 3 viewpoints:

  1. Overview
  2. Recent Developments
  3. Revenue 

 

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Protein Ingredient Market Companies

 

  1. Archer Daniels Midland Co.
  2. DuPont de Nemours, Inc
  3. MGP Ingredients
  4. Kerry Group plc,
  5. Tessenderlo
  6. CHS, Inc.
  7. Crop Energies AG.
  8. Glanbia Plc

 

About the Company: 

 

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.