Global Food Protein Ingredient Market Overview
Food protein ingredient market accounted for USD 5.3 Billion in 2020 and is estimated to be USD 109.07 Billion by 2030 and is anticipated to register a CAGR of 7.4%.
Protein is an essential macronutrient for better function, but not all foods are protein rich. Our body needs protein to grow and repair cells and to execute properly. It is found in a wide range of foods and it is important to have some amount of protein in your daily diet. Some of the protein containing meals are meat & fish, eggs, dairy products, seeds & nuts, legumes etc. Proteins are made up of building blocks commonly known as amino acids.
The nutritional value of a protein is measured by the amount of essential amino acids it contains. The people who follow vegan diet, it is mandatory to choose specific sources of protein in their daily diet. Daily intake of protein may help in achieving muscle fitness, it is important for maintaining ability and strength of our body. Many special food proteins containing shakes, powder and other supplements are available in the market to meet the daily demand of protein.
Global Food Protein Ingredient Market Drivers & Restraints
Rising awareness about healthy diet
COVID-19 has changed the daily practices of eating foods, it has boosted the demand of protein ingredient at a higher rate in the global market. As people are now more health conscious and look for better supplement to add in their diet to strengthen their immunity. Moreover, various functionalities and nutritional aspects of proteins are one of the major drivers of the protein market. Rising number of diseases and health problems also uplifts the intake of protein in a regular diet, which in turn increases market valuation of protein.
However, cultural restrictions on consumption of some of the animal proteins may hampers the growth of the global protein market. Animal protein such as gelatin made up of collagen of slaughtered animals., including the bones, and hooves of cattle’s, restrict intake of protein.
Global Food Protein Ingredient Market Segmentations & Regional Insights
Food protein ingredient market is segmented based on type, application, and region.
On the basis of type, the food protein ingredient market is segmented into animal protein and plant protein. On the basis of application, the target market is segmented into sports nutrition, clinical nutrition, infant nutrition, functional food & beverages, and fortified food & beverages.
Regional Insights:
Food protein ingredient market accounted for US$ 53.78 billion in 2020 and is estimated to be US$ 109.07 billion by 2030 and is anticipated to register a CAGR of 7.4%. On region the Food protein ingredient market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America registers the largest number of shares in global protein market. This is due to changes in consumption patterns, food supplement demand, and rise towards vegan products. Europe holds the second position in this market because of new inclination in addition of protein in food & beverages as well as cosmetics and healthcare industry. Asia Pacific is expected to register the highest growth during the forecast period.
Food Protein Ingredient Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Type- Animal Protein and Plant Protein By Application– Sports Nutrition, Clinical Nutrition, Infant Nutrition, Functional Food & Beverages, and Fortified Food & Beverages |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the food protein ingredient market report based on type, application, and region.
Food Protein Ingredient Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global Food Protein Ingredient Market Competitive Landscape & Key Players
The key players operating in the food protein ingredient market includes DuPont Solae, Archer Daniels Midland (ADM), Cargill Inc., Bunge Ltd., Mead Johnson Nutrition Company, CHS, The Scouler Company, Roquette, Burcon Nutra Science Corporation, MGP Ingredients# Inc.
Global Food Protein Ingredient Market Company Profile
- DuPont Solae
- Archer Daniels Midland (ADM)
- Cargill Inc.
- Bunge Ltd.
- Mead Johnson Nutrition Company
- CHS
- The Scouler Company
- Burcon Nutra Science Corporation
- MGP Ingredients# Inc.
Global Food Protein Ingredient Market Highlights
FAQs
Food protein ingredient market report segments the market on the basis of type, application, and region.
Rising demand from food products such as milk sausages, spicy sauces, yogurt, spreads, bakery products, cold cuts, and margarines is anticipated to drive the growth.
North America is expected to expand at a significant CAGR over the forecast period on account of increasing consumption of energy bars, cold cereals, and snacks.
Prominent players operating in the target market are focusing on launching of the products in order to gain competitive edge in the target market. For instance, in July 2018, Archer Daniels Midland (ADM) completed the acquisition of Neovia. Neovia had 72 production facilities of animal nutrition solutions across 25 countries in that year