Protein Ingredients Market Key Players, Demands, Trends, Growth Rate, Size, Share and Forecasts to 2028

The global protein ingredients market is estimated to be valued at USD 61.0 Billion in 2023. It is projected to reach USD 85.6 Billion by 2028, recording a CAGR of 7.0% during the forecast period. Protein is essential for important body functions. Animal sources such as collagen, dairy, and egg; plant sources such as soy, pea, and wheat; and insect sources are rich in protein content. Their demand is on a spike with their rise in the usage of various industry applications. The demand is also aided by growing consumer awareness and preference for health products and diets.

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The protein ingredients market refers to the market for various types of protein used in the food and beverage industry as an ingredient. Protein is an essential nutrient and is required for building and repairing tissues in the human body. Proteins are also used in various food and beverage applications, such as meat substitutes, dairy products, sports nutrition, and functional foods.

The protein ingredients market is expected to grow in the coming years, driven by the increasing demand for protein-rich foods and the growing awareness of the health benefits of protein consumption. The market is also expected to benefit from the development of new and advanced protein ingredients that offer better functionality and nutritional value.

Leading players profiled in this report:

DuPont (US)
ADM (US)
Cargill, Incorporated (US)
Kerry Group plc (Ireland)
Arla Foods amba (Denmark)
BRF Global (Brazil)
The Scoular Company (US)
Roquette Freres (France)
AMCO Proteins (US)
A&B Ingredients (US)
Puris (US)
Cosucra (Belgium)
Burcon (Canada)
Sotexpro (France)
AGT Food & Ingredients (Canada)

The protein ingredients market is segmented based on type, source, application, and region. By type, the market is segmented into animal protein and plant protein. Plant protein is expected to dominate the market due to the increasing demand for plant-based products and the growing awareness of the environmental impact of animal-based products.

By source, the market is segmented into soy, wheat, pea, dairy, and others. Soy is expected to dominate the market due to its wide availability and low cost. By application, the market is segmented into food and beverages, animal feed, and others. The food and beverage segment is expected to dominate the market, due to the high demand for protein-rich foods and the increasing popularity of plant-based meat substitutes.

Geographically, North America is expected to be the largest market for protein ingredients, followed by Europe and Asia-Pacific. This is due to the high demand for protein-rich foods in these regions and the presence of major players in the protein ingredients market.

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Overall, the protein ingredients market is expected to grow in the coming years, driven by the increasing demand for protein-rich foods and the development of new and advanced protein ingredients.

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This release was published on openPR.