Global Protein Ingredients Market 2023

Protein ingredients are derived from various sources and are used in the food and beverage industry to enhance the nutritional content and functional properties of products. These ingredients can be sourced from plants (such as soy, pea, and rice), animals (such as whey and casein from milk), and other sources. They are valued for their ability to provide essential amino acids, improve texture, and contribute to the overall nutritional profile of food and beverage products. Protein ingredients are commonly used in the formulation of sports nutrition products, meal replacements, protein bars, and functional beverages, among other applications.

The global protein ingredients market size is projected to grow by USD 26.4 billion from 2023 to 2029, registering a CAGR of 6.2 percent, according to the latest market data.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the source, form, application, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global baby bottle market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The global market for protein ingredients can be segmented by source: animal, insect, microbial, plant. The animal segment is estimated to account for the largest share of the global protein ingredients market.
Protein ingredients market is further segmented by form: dry ingredients, liquid ingredients. The dry ingredients segment held the largest revenue share in 2022.
Based on application, the protein ingredients market is segmented into: animal feed, food and beverages, personal care and cosmetics, pharmaceuticals and nutraceuticals. Globally, the food and beverages segment made up the largest share of the protein ingredients market.
On the basis of region, the protein ingredients market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America was the highest contributor to the global protein ingredients market. Going forward, Asia-Pacific is projected to witness the highest CAGR during the forecast period.

The report has also analyzed the competitive landscape of the global protein ingredients market with some of the key players being A&B Ingredients, Inc., AMCO Proteins Company, Arla Foods amba, Bunge Global SA, Burcon NutraScience Corporation, Cargill, Incorporated, CHS Inc., Corbion N.V., Cosucra Groupe Warcoing SA, Fonterra Co-operative Group Limited, Fuji Oil Co., Ltd., Gelita AG, Glanbia plc, Hilmar Cheese Company, Ingredion Incorporated, International Flavors & Fragrances Inc., Kerry Group plc, Roquette Freres SA, Royal FrieslandCampina N.V., Suedzucker AG, Tate & Lyle PLC, The Archer-Daniels-Midland Company, The Scoular Company, Wilmar International Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Protein Ingredients Industry Analysis:
i.) Source
- Animal
• Meat
• Dairy (whey protein, milk protein, casein & caseinates)
• Eggs
• Aquaculture and fisheries
- Insect
- Microbial
- Plant
• Soy
• Wheat
• Pea
• Rice and canola
• Others

ii.) Form
- Dry ingredients
- Liquid ingredients

iii.) Application
- Animal feed
- Food and beverages
• Meat and meat alternatives
• Dairy and dairy alternatives
• Bakery products
• Performance nutrition
• Convenience foods
• Beverages
• Snacks
• Others
- Personal care and cosmetics
- Pharmaceuticals and nutraceuticals

iv.) Region
- North America
- Europe
- Asia-Pacific
- MEA (Middle East and Africa)
- Latin America