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Protein Ingredients Market Size Forecasted to Hit USD 65.3 Billion by 2033 at 4.5% CAGR Growth

12-03-2024 10:41 AM CET | Food & Beverage

Press release from: IMARC Group

Protein Ingredients Market Size Forecasted to Hit USD 65.3

Summary:

• The global protein ingredients market size reached USD 44.0 Billion in 2024.
• The market is expected to reach USD 65.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033.
• Europe leads the market, accounting for the largest protein ingredients market share.
• Animal proteins accounts for the majority of the market share in the product type segment due to their high biological value, complete amino acid profile, and widespread use in traditional diets and processed foods
• Food and beverages hold the largest share in the protein ingredients industry.
• The significant technological advancements in protein extraction and processing is a primary driver of the protein ingredients market.
• Increase in disposable income and consumer spending along with expansion of e-commerce and online retail channels are reshaping the protein ingredients market.

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Industry Trends and Drivers:

• Rising health consciousness and demand for protein-rich diets:
The increasing awareness about health and wellness among consumers is a major driver of the global protein ingredients market. As individuals become more health-conscious, they are seeking diets that support overall well-being, muscle maintenance, and weight management. Protein is a crucial macronutrient that supports these goals by aiding muscle repair, promoting satiety, and regulating metabolism. This growing emphasis on health and fitness has led to a rise in demand for protein supplements and protein-enriched food products. Fitness enthusiasts, athletes, and even the general population are incorporating more protein into their diets to enhance their physical performance and maintain a healthy lifestyle. Consequently, food and beverage companies are innovating and expanding their product lines to include a variety of protein ingredients, such as whey, soy, pea, and hemp proteins, to cater to this evolving consumer preference.

• Growth in the sports nutrition sector:
The sports nutrition sector is a substantial contributor to the expansion of the global protein ingredients market. Athletes and fitness enthusiasts are increasingly turning to protein supplements to enhance their performance, recover from intense workouts, and build muscle mass. This segment includes protein powders, bars, and drinks, which are designed to support athletic performance and recovery. The rise in competitive sports, gym culture, and recreational fitness activities has driven the demand for specialized sports nutrition products. Companies are responding by developing advanced protein formulations that offer quick absorption, targeted amino acid profiles, and added benefits such as improved endurance or faster recovery. The expansion of sports events, the increasing number of professional and amateur athletes, and the growing recognition of the importance of nutrition in sports performance are contributing to the robust growth of this sector.

• Expansion of plant-based and alternative protein sources:
The growing interest in plant-based diets and alternative protein sources is reshaping the global protein ingredients market. As concerns about sustainability, animal welfare, and health impact drive consumers away from traditional animal-based proteins, there is a significant shift toward plant-based and alternative protein sources. Proteins derived from plants, such as soy, pea, and rice, are gaining popularity due to their environmental benefits, lower carbon footprint, and suitability for individuals with dietary restrictions. Additionally, innovations in food technology are leading to the development of novel protein sources, including lab-grown proteins and insect-based proteins, which are becoming more viable and appealing. The rise of veganism, vegetarianism, and flexitarian diets is further accelerating this trend, as consumers seek protein options that align with their ethical and environmental values.

Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=857&flag=C

Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
• Animal Proteins
o Egg Protein
o Whey Protein
o Gelatin
o Casein
o Milk Protein Concentrates/Isolates
• Plant Proteins
o Wheat Protein
o Soy Protein
o Pea Protein
o Others
Animal proteins dominate the market due to their high biological value, complete amino acid profiles, and widespread use in both traditional and processed food products, making them the most sought-after source of protein globally.

• Breakup by Application:
o Food and Beverages
o Personal Care and Cosmetics
o Pharmaceuticals
o Animal Feed
Food and beverages hold the maximum number of shares due to their widespread use of protein ingredients to enhance nutritional value, improve texture, and cater to the growing consumer demand for protein-enriched products.

Market Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Europe holds the leading position owing to a large market for protein ingredients driven by its strong emphasis on health and wellness, high consumer awareness, and significant demand for protein ingredients driven by the well-established fitness culture of the region and increasing adoption of plant-based diets.

Top Protein Ingredients Market Leaders:
• Cargill, Inc.
• Archer-Daniels-Midland Company
• Kerry Group
• Omega Protein Corporation
• Mead Johnson

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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