Global Protein Ingredients Market Demand and Analysis Report 2024-2034: Increasing focus on health, well-being and nutrition awareness bodes well for the fast-growing sector.
NEWARK, Del., April 3, 2024 (Globe Newswire) — The protein ingredients market is expected to exceed USD 85,886.8 million in 2024, valued at 164,376.9 million USD by 2034.The market size is predicted to expand at an astonishing rate CAGR 6.70% From 2024 to 2034.
Developments in food technology have completely changed the way protein ingredients are manufactured and formulated, producing products with better solubility, bioavailability, and sensory properties. Protein ingredients that improve functionality and adaptability in food applications include protein isolates, concentrates, and hydrolysates.
Recent developments are driving adoption across a variety of food and beverage categories in response to customer demands for clearer labels, better flavor, and better nutritional profiles. Technological innovations are driving market development by improving the performance and availability of protein components in final products.
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Demand for protein ingredients is growing to meet changing consumer demands and new dietary guidelines. In addition to traditional protein sources such as dairy and vegetable proteins, new protein ingredients that offer unique functional and nutritional value are gaining popularity. For example, collagen peptides are sought after for their benefits in connective tissue healing, joint support, and skin health.
Bone broth, which is rich in collagen, is also becoming popular as a drink that keeps you full and helps improve your health. Another cutting-edge option is insect protein. It provides sustainable nutrition with less environmental impact than traditional protein sources. The market for protein ingredients is volatile and volatile due to customer demand, technological innovations, and changing dietary habits. This is reflected in product diversification.
“The protein ingredients industry is rapidly expanding internationally due to rising health-conscious consumption habits. Manufacturers must prioritize innovation, quality, and sustainability to remain competitive. Strategic Collaboration and e-commerce platforms offer growth opportunities.” – nandini roy chowdhuryFuture Market Insights Client Partner
Key Takeaways from the Protein Ingredients Market Report
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The market size of protein raw materials expanded at a CAGR of 6.20% from 2019 to 2023.
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The animal raw materials segment will hold 27.6% of the market share in 2024.
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The dry foam segment captured 55.3% of the market share in 2024.
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The US market size is projected to increase at a CAGR of 5.80% until 2034.
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Germany market size is expected to develop at a CAGR of 6.30% until 2034.
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The market size in Japan is estimated to grow rapidly at a CAGR of 7.20% until 2034.
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The Indian market size is expected to increase at a CAGR of 8.10% till 2034.
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competitive environment
The protein ingredients market remains highly competitive, dominated by prominent rivals such as ADM, Cargill, Kelly Group, and DuPont. Small and medium-sized enterprises also contribute by focusing on specialized services. Regulatory compliance and sustainability measures are important in defining competitiveness.
recent trends
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In November 2023, Abbott introduced the new PediaSure with the New Triple System to support child development. The NuTriple System is comprised of vitamin D, vitamin K2, and casein phosphopeptides that help children absorb essential nutrients.
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In April 2023, Denmark-based Arla Foods Elements introduced Nutrilac ProteinBoost. The new whey protein line is built on a proprietary micronization technology. This product is suitable for dairy and sports nutrition fields.
Country insights:
The table below provides a list of countries whose proprietary protein ingredient markets are recognized as creating sufficient opportunities to meet peak demand.
|
Country |
CAGR of value (2024-2034) |
|
|
America |
5.80% |
|
|
Germany |
6.30% |
|
|
Japan |
7.20% |
|
|
China |
6.90% |
|
|
India |
8.10% |
|
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Segmentation of the protein raw material industry
By source:
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animal
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plant
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insect
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microorganisms
By form:
By application:
By region:
author:
Nandini Roy Choudhury, Food and Beverage Client Partner at Future Market Insights, Inc., has over seven years of management consulting experience. She advises industry leaders and explores hidden opportunities and challenges. She implements processes and operating models to support business objectives.
She has excellent analytical skills and often provides thought leadership.
Nandini has extensive functional expertise in key niche areas including, but not limited to, food ingredients, nutrition and health solutions, animal nutrition, and marine nutrition. She also has expertise in the pharmaceutical, biotech, retail, and chemical sectors, advising market participants to develop methodologies and strategies that deliver results.
Her core expertise is in corporate growth strategy, sales and marketing effectiveness, acquisition and post-merger integration, and cost reduction. Nandini earned her MBA in Finance from MIT School of Business. She also holds a bachelor's degree in electrical engineering from the University of Nagpur, India.
Nandini has written for several publications and has been quoted in magazines such as Beverage Industry, Bloomberg, and Wine Industry Advisor.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Winner, Greater New York Chamber of Commerce Member) provides deep insight into the drivers driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting, and events for the packaging, food and beverage, consumer technology, healthcare, industrial, and chemical markets. With a large team of over 400 analysts located around the world, FMI provides global, regional and local expertise on diverse sectors and industry trends in over 110 countries.
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