Protein Ingredients Market Share, Outlook, Future Growth and Opportunities by 2024

Global Protein Ingredients Market Industry Trends, Growth, Share, Size and Outlook By 2024

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Report Description and Highlights

Report Description

Protein Ingredients Market Report By Product Type (Animal Proteins, Plant Proteins and Others), Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals and Animal Feed), Region Over the years, the global protein ingredients market has witnessed a moderate growth on account of rising demand for protein-rich food products. This can be attributed to factors like rising healthconsciousness amongst consumers, rapid urbanisation, growing population and increasing cases of obesity as well as diabetes.

Market Overview: According to the latest report by IMARC Group, titled “Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global protein ingredients market reached a value of US$ 32.5 Billion in 2018. Proteins are large molecules of amino acids which supports in building and repairing of tissues. As proteins help in improving the overall functioning of the body, they are regarded as the building blocks of life. In addition to this, proteins are beneficial in regulating weight, reducing muscle loss and enhancing physical strength. Apart from this, protein ingredients aid in maintaining an adequate level of proteins in the human body, thereby keeping it fit and healthy in the longer run. This has added to their increasing popularity across the world, particularly in the health and wellness industry for the production of dietary supplements and other food products.

Report Description and Highlights

Report Description

In the recent years, the adoption of protein-rich diet has accelerated on account of growing inclination of consumers towards healthy food products. This shift can be accredited to factors like rising cases of obesity and diabetes as well as advancing demand for superior health care products. In addition to this, expanding awareness about functional food products and dietary supplements is contributing towards the growth of the global protein ingredients market. Apart from this, increasing number of health clubs coupled with ascending demand for soy proteins in food applications like dairy products, sports nutrition and snacks is further supporting the growth of the market. Some of the other growth inducing factors include mounting populating, rapid urbanisation and flourishing food and beverages industry particularly in the emerging regions. Looking forward, the market value is projected to reach US$ 44.9 Billion by 2024, expanding at a CAGR of 5.5% during 2019-2024.

Protein Ingredients Market Segmentation: Market Segmentation by Product Type •

Animal Proteins o Egg Protein o Whey Protein

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Market Forecast

Sample Figure: Global: Protein Ingredients Market Forecast: Sales Value (in Billion US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description •

•

o Gelatin o Casein o Milk Protein Concentrates/Isolates Plant Proteins o Wheat Protein o Soy Protein o Pea Protein Others

Based on type, the market has been segmented as animal proteins and plant proteins. At present, animal proteins exhibit a clear dominance in the market and they are classified as egg protein, whey protein, gelatin, casein and milk protein concentrates/isolates. On the other hand, plant proteins are divided into wheat protein, soy protein, pea protein and others.

Market Segmentation by Application • • •

Food and Beverages Personal Care and Cosmetics Pharmaceuticals

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Market Segmentation

Report Description •

Animal Feed

On the basis of application, food and beverages represent the largest segment due to changing eating patterns, particularly in the emerging regions. Food and beverages is followed by personal care and cosmetics, pharmaceuticals and animal feed.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Amongst these, Europe is the leading market, accounting for the majority of the global market.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • • • •

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

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Report Description and Highlights

Report Description

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