Analyst Perspective
The global protein ingredients market is estimated to register a CAGR of ~7%. The protein ingredients market is booming due to global health trends and increased awareness of protein's importance in a balanced diet—plant-based proteins, favored by the growing popularity of veganism and vegetarian lifestyle. Innovation in food processing and diverse protein products are expanding the market. Consumer preferences, high prices, and supply chain disruptions are major challenging factors that may hamper the growth of the protein ingredients market. Innovation in plant-based protein, increasing demand for functional foods, and growing demand for protein are significant opportunities for the growth of the protein ingredients market.
Market Overview
Protein is composed of amino acids that are essential for the human body. It is known for properties like thickness, water retention, foaming, and emulsification in animal and plant sources. These ingredients not only offer practical benefits but also hold considerable nutritional value. Rising awareness of the importance of protein in diets, driven by increasing health and fitness trends, is fueling demand for protein ingredients. Consumers prefer minimally processed and natural protein sources, driven by a desire for healthier options and a distrust of artificial additives. Ongoing research and development are leading to innovation in protein extraction techniques. As urbanization increases, people consume processed foods, often high in protein, which drives the protein ingredients market. E-commerce is making it easier for consumers to purchase protein ingredients. Consumers are getting more interested in products tailored to their needs and preferences, leading to demand for protein ingredients that offer specific health benefits. With the rising demand for sustainable and nutritious food, the protein ingredients market is set for continuous growth, adapting to consumer preferences and driving innovation in the broader food industry.
Market Drivers
- Consumers are becoming more aware of the importance of protein for overall health and well-being, leading to a growing demand for protein-fortified foods and beverages.
- As the world's population ages, there's a growing market opportunity in providing protein-rich products or supplements, given that older adults need more protein to counter muscle decline associated with aging.
- The increasing demand for plant-based diets is driven by considerations for animal welfare and environmental sustainability, which drives the demand for plant-based protein ingredients, such as soy, peas, and lentils.
- New technologies are developing to improve protein ingredients' taste, texture, and functionality, making them more appealing to manufacturers and consumers.
Market Segmentation
The global protein ingredients market is segmented based on source, application, and form. The global protein ingredients market is segmented based on source into soy, pea, rice, wheat, and others. The global protein ingredients market is segmented based on application into food & beverages, infant formulation, clinical nutrition, pharmaceuticals, and others. The global protein ingredients market is segmented based on form into Isolates, Concentrates, hydrolyzed, and textured.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global protein ingredients Market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The protein ingredients Market by region is also sub-segmented by respective countries and segments. The protein ingredients market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the protein ingredients market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' protein ingredients market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the protein ingredients market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The protein ingredients market players are expected to have lucrative growth opportunities with the increasing demand for plant-based protein in the global market.
The report includes key companies' profiles, SWOT analysis, and protein ingredients market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of protein ingredients market companies.
- Beyond Meat
- Arla Foods
- Bunge Ltd
- Fonterra
- Roquette Frères
- Glanbia plc
- International Flavors and Fragrances Inc
- SunOpta
- COSUCRA
- The Scoular Company