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Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 107 pages | ID: P9209F23244EN
IMARC Group

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Market Overview:

The global protein ingredients market size reached US$ 39.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Protein ingredients contain large molecules of amino acids that are essential for regulating the protein level in the human body. They are obtained from various sources, including plants and animals, and help in repairing damaged cells, strengthening bones and muscles, promoting blood flow, and nourishing skin. Besides this, regular and moderate consumption of protein ingredients also aids in improving physical strength, minimizing muscle loss caused by aging, regulating weight, and mitigating the risk of chronic diseases. As a result, the demand for foods and beverages formulated with protein ingredients is significantly increasing across the globe.

Protein Ingredients Market Trends:

The rising prevalence of diabetes, obesity, and malnutrition among individuals represents one of the key factors positively influencing the market growth. In addition, the rising awareness among individuals about leading a healthy lifestyle is escalating the demand for functional foods that contain large amounts of proteins and vital nutrients. In line with this, the expanding vegan population is offering lucrative growth opportunities to manufacturers to introduce vegan, vegetarian, and gluten-free product variants, which is strengthening the market growth. Furthermore, the rising penetration of network connectivity and the emerging trend of fitness vlogging are increasing the demand for protein-rich foods for muscle building and weight management. Apart from this, the expansion of gyms, aerobic centers, and fitness clubs is creating a positive market outlook. Along with this, the significant use of soy proteins in snacks, dairy products, and numerous beverages is further augmenting the market growth. Moreover, the easy availability of products across online and offline distribution channels that offer the facility of free home delivery, exciting deals, and discounts, and secured payment methods is providing a thrust to the market growth

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global protein ingredients market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

Animal Proteins

Egg Protein
Whey Protein
Gelatin
Casein
Milk Protein Concentrates/Isolates

Plant Proteins

Wheat Protein
Soy Protein
Pea Protein
Others

Animal proteins currently hold the majority of the market share due to the increasing consumption of meat, chicken, seafood, and various animal by-products around the world.

Breakup by Application:

Food and Beverages
Personal Care and Cosmetics
Pharmaceuticals
Animal Feed

Food and beverages represent the largest market segment due to the escalating demand for foods and beverages prepared with protein ingredients on account of the increasing global population.

Regional Insights:

Europe
North America
Asia Pacific
Latin America
Middle East and Africa

Europe exhibits a clear dominance in the market due to the rising awareness among the masses about leading a healthy lifestyle and the benefits of protein in maintaining overall health and development.

Competitive Landscape:

The global protein ingredient industry is fragmented with the presence of a large number of global and regional manufacturers. Some of the leading players operating in the market are:

Cargill, Inc.
Archer-Daniels-Midland Company
Kerry Group
Omega Protein Corporation
Mead Johnson

This report provides a deep insight into the global protein ingredients market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the protein ingredients market in any manner.

Key Questions Answered in This Report:

How has the global protein ingredients market performed so far and how will it perform in the coming years?
What are the key regions in the global protein ingredients market?
What has been the impact of COVID-19 on the global protein ingredients market?
Which are the popular product types in the global protein ingredients market?
What are the key application segments in the global protein ingredients market?
What are the various stages in the value chain of the global protein ingredients market?
What are the key driving factors and challenges in the global protein ingredients market?
What is the structure of the global protein ingredients market and who are the key players?
What is the degree of competition in the global protein ingredients market?
How are protein ingredients manufactured?

1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PROTEIN INGREDIENTS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
  5.8.1 Overview
  5.8.2 Strengths
  5.8.3 Weaknesses
  5.8.4 Opportunities
  5.8.5 Threats
5.9 Value Chain Analysis
  5.9.1 Overview
  5.9.2 Research and Development
  5.9.3 Raw Material Procurement
  5.9.4 Manufacturing
  5.9.5 Marketing
  5.9.6 Distribution
  5.9.7 End-Use
5.10 Porters Five Forces Analysis
  5.10.1 Overview
  5.10.2 Bargaining Power of Buyers
  5.10.3 Bargaining Power of Suppliers
  5.10.4 Degree of Competition
  5.10.5 Threat of New Entrants
  5.10.6 Threat of Substitutes

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Animal Proteins
  6.1.1 Egg Protein
    6.1.1.1 Market Trends
    6.1.1.2 Market Forecast
  6.1.2 Whey Protein
    6.1.2.1 Market Trends
    6.1.2.2 Market Forecast
  6.1.3 Gelatin
    6.1.3.1 Market Trends
    6.1.3.2 Market Forecast
  6.1.4 Casein
    6.1.4.1 Market Trends
    6.1.4.2 Market Forecast
  6.1.5 Milk Protein Concentrates/Isolates
    6.1.5.1 Market Trends
    6.1.5.2 Market Forecast
6.2 Plant Proteins
  6.2.1 Wheat Protein
    6.2.1.1 Market Trends
    6.2.1.2 Market Forecast
  6.2.2 Soy Protein
    6.2.2.1 Market Trends
    6.2.2.2 Market Forecast
  6.2.3 Pea Protein
    6.2.3.1 Market Trends
    6.2.3.2 Market Forecast
  6.2.4 Others
    6.2.4.1 Market Trends
    6.2.4.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Food and Beverages
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Personal Care and Cosmetics
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Pharmaceuticals
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Animal Feed
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 Europe
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 North America
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Asia Pacific
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Latin America
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 PROTEIN INGREDIENTS MANUFACTURING PROCESS

9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors

10 COMPETITIVE LANDSCAPE

10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
  10.3.1 Cargill, Incorporated
    10.3.1.1 Company Overview
    10.3.1.2 Description
    10.3.1.3 Product Portfolio
    10.3.1.4 Financials
    10.3.1.5 SWOT Analysis
  10.3.2 Archer-Daniels-Midland Company
    10.3.2.1 Company Overview
    10.3.2.2 Description
    10.3.2.3 Product Portfolio
    10.3.2.4 Financials
    10.3.2.5 SWOT Analysis
  10.3.3 Kerry Group
    10.3.3.1 Company Overview
    10.3.3.2 Description
    10.3.3.3 Product Portfolio
    10.3.3.4 Financials
  10.3.4 Omega Protein Corporation
    10.3.4.1 Company Overview
    10.3.4.2 Description
    10.3.4.3 Product Portfolio
    10.3.4.4 Financials
  10.3.5 Mead Johnson
    10.3.5.1 Company Overview
    10.3.5.2 Description
    10.3.5.3 Product Portfolio
    10.3.5.4 Financials

LIST OF TABLES

Table 1: Global: Protein Ingredients Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Protein Ingredients Market Forecast: Breakup by Product Type (in Billion US$), 2023-2028
Table 3: Global: Protein Ingredients Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 4: Global: Protein Ingredients Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 5: Protein Ingredients Manufacturing: Raw Material Requirements
Table 6: Global: Protein Ingredients Market: Competitive Structure
Table 7: Global: Protein Ingredients Market: Key Players


LIST OF FIGURES

Figure 1: Global: Protein Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Protein Ingredients Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Protein Ingredients Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Protein Ingredients Market: Breakup by Application (in %), 2022
Figure 5: Global: Protein Ingredients Market: Breakup by Region (in %), 2022
Figure 6: Global: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Protein Ingredients Industry: SWOT Analysis
Figure 8: Global: Protein Ingredients Industry: Value Chain Analysis
Figure 9: Global: Protein Ingredients Industry: Porter’s Five Forces Analysis
Figure 10: Global: Animal Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 11: Global: Animal Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Egg Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Egg Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Whey Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Whey Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Gelatin Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Gelatin Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Casein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Casein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Milk Protein Concentrates/Isolates Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Milk Protein Concentrates/Isolates Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Plant Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Plant Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Wheat Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Wheat Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Soy Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Soy Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: Global: Pea Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: Global: Pea Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: Global: Other Protein Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: Global: Other Protein Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: Global: Protein Ingredients Market (Applications in Food and Beverages): Sales Value (in Billion US$), 2017 & 2022
Figure 33: Global: Protein Ingredients Market Forecast (Applications in Food and Beverages): Sales Value (in Billion US$), 2023-2028
Figure 34: Global: Protein Ingredients Market (Applications in Personal Care and Cosmetics): Sales Value (in Billion US$), 2017 & 2022
Figure 35: Global: Protein Ingredients Market Forecast (Applications in Personal Care and Cosmetics): Sales Value (in Billion US$), 2023-2028
Figure 36: Global: Protein Ingredients Market (Applications in Pharmaceuticals): Sales Value (in Billion US$), 2017 & 2022
Figure 37: Global: Protein Ingredients Market Forecast (Applications in Pharmaceuticals): Sales Value (in Billion US$), 2023-2028
Figure 38: Global: Protein Ingredients Market (Applications in Animal Feed): Sales Value (in Billion US$), 2017 & 2022
Figure 39: Global: Protein Ingredients Market Forecast (Applications in Animal Feed): Sales Value (in Billion US$), 2023-2028
Figure 40: Europe: Protein Ingredients Market: Sales Value (in Billion US$), 2017 & 2022
Figure 41: Europe: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 42: North America: Protein Ingredients Market: Sales Value (in Billion US$), 2017 & 2022
Figure 43: North America: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 44: Asia Pacific: Protein Ingredients Market: Sales Value (in Billion US$), 2017 & 2022
Figure 45: Asia Pacific: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 46: Latin America: Protein Ingredients Market: Sales Value (in Billion US$), 2017 & 2022
Figure 47: Latin America: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 48: Middle East and Africa: Protein Ingredients Market: Sales Value (in Billion US$), 2017 & 2022
Figure 49: Middle East and Africa: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 50: Protein Ingredients Manufacturing: Detailed Process Flow


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