How COVID-19 Has Influenced the Protein Ingredients Market and Its Future Outlook by 2033

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Protein Ingredients Market

MARKET OVERVIEW:

The global protein ingredients market, valued at USD 44.0 billion in 2024, is poised to grow at a compound annual growth rate (CAGR) of 4.5%, reaching USD 65.3 billion by 2033. This growth is driven by increasing demand for both plant-based and animal-derived proteins, spurred by health-conscious consumers. Notable sectors driving market expansion include sports nutrition, functional foods, and dietary supplements.

STUDY ASSUMPTION YEARS:

  • BASE YEAR: 2024
  • HISTORICAL YEAR: 2019-2024
  • FORECAST YEAR: 2025-2033

PROTEIN INGREDIENTS MARKET KEY TAKEAWAYS:

  • The global protein ingredients market is expected to reach USD 65.3 billion by 2033, growing at a CAGR of 4.5% from 2025-2033.
  • Health-conscious consumers and a rise in plant-based diets are significantly boosting demand for protein ingredients.
  • Sports nutrition, functional foods, and dietary supplements are key drivers in the market.
  • The market is dominated by animal proteins, though plant proteins are growing rapidly, especially in vegan and vegetarian products.
  • Europe is the largest regional market, followed by North America and Asia-Pacific, with robust growth potential.
  • Technological advancements like microencapsulation and hydrolysis are enhancing product functionality.

MARKET GROWTH FACTORS:

Health-Conscious Consumer Trends:

Health and high-protein products demands: meaning market needs importance. The role of protein in muscle construction, immune function, and general wellness is increasingly being realized by consumers. Further driving this condition is education campaigns and endorsement from health profession practitioners as it the consumption of protein-rich foods, beverages, and supplements increases.

Growth of Plant-Based Diets:

Conversion of plant-based diets will be a major factor for derived plant protein ingredient gaining importance. George, northern, and other alternative lifestyles find illumination due to the environmental, ethical, and health arguments against the traditional ways of living. Trends in plant proteins such as soy, pea, and wheat are being recorded as a growth takeoff with growing interest in plant-based protein product brands globally.

Technological Advancements in Protein Processing:

Recent advances in protein processing technology such as microencapsulation, hydrolysis, and spray drying have improved the function of proteins. These advancements were not only instrumental in augmenting the quality and versatility of the protein ingredients, but they also permitted the manufacturers to meet the specialized dietary requirements thereby widening the scope and application of this market.

MARKET SEGMENTATION:

  • 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
  • Breakup by Application:
    • Food & Beverages
    • Personal Care & Cosmetics
    • Pharmaceuticals
    • Animal Feed
  • 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

REGIONAL INSIGHTS:

Europe is the leading market in terms of protein ingredients, where high consumer awareness and a robust food industry will continue to be driving forces. It’s in this region, where technology is fully developed, that an increasing demand for animal protein and, in particular, plant protein, comes from the health food category.

RECENT DEVELOPMENTS & NEWS:

All these factors have resulted in rapid growth in the market for protein ingredients since plant-based diets are increasingly being consumed, advancements have been made in processing proteins, and there has been an increase in the number of products enriched with proteins. Innovation in microencapsulation, coupled with government funding for a upcoming protein source (e.g. lab-grown meat and algae), will also add to the ingredients market.

KEY PLAYERS:

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

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