FMI has updated its analysis of the protein ingredient market. It suggests a positive trajectory for the market, indicating a US$ 164,376.9 million valuation at a 6.70% CAGR by 2034. In 2024, the market size stands at US$ 85,886.80 million.
Since protein components provide essential amino acids needed for human nutrition and well-being, they are essential to the food industry. They have beneficial properties such as emulsification, foaming, binding, and gelation that influence the overall quality, flavour, and texture of food products. They are valued because of these factors. Furthermore, because of their satiating qualities, proteins are frequently employed in products for weight control and sports nutrition.
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By 2019 end, worldwide sales of protein ingredients, contributed by both animal protein ingredients and plant protein ingredients, will roughly account for the value of US$ 43 Bn. Demand for animal-based protein ingredients continues to be more as compared to that for plant-based protein ingredients, clearly owing to wider availability of products and nutritional profile in case of the former.
The global market for protein components is seeing growth as more people consume diets high in protein, especially in the context of sports nutrition. an ongoing chance for research and development in sports nutrition in keeping with the plant-based diet movement. Thus, there is a growing need for protein-based products.
Key Takeaways – Protein Ingredients Market Study
- Demand for ready-to-drink (RTD) beverages is increasing among the working consumers. For RTD beverages, key to success of innovation is in the beverage itself. Trends in past five years have made it evident that using vibrant colors and innovative packaging can help sell the beverage. Consumer awareness for health and wellness, demand for clean label and functionality are some of the contributing factors to increasing the demand for RTD beverages.
- Manufactures of supplement and nutritional bars are launching unique products with additional nutritional profile and various flavours that attract customers and demand for these products is expected to increase ~8% during the forecast period.
- Whey protein concentrate undergoes different processing as compared to isolate and hence, protein ingredient isolates have fewer carbohydrates, fats, lactose and it is highly nutritional. Isolate form of whey is typically more expensive. Taking slightly more amount of concentrates are proven to give similar results as that of isolates at lower cost.
- Egg and egg-based products have been versatile and multifunctional in both specialty and regular food. Egg protein works efficiently with gluten-free formulations, are easily digestible and provide nutritional functionalities. Thus, helping the food formulators to develop gluten-free products.
- Increasing consumption of food and beverage products including bakery, dairy, meat, poultry products, and breakfast cereals in developing economies and economies in transition is fuelling the global protein ingredients market.
- Due to increasing urbanization and awareness of mindful living, the consumption of protein ingredients is increasing in the Asia Pacific and Latin America.
The prevalence of diseases caused due to obesity is increasing at an alarming rate. A sizeable chunk of the population is turning health-conscious and remains focused on the consumption of protein-rich foods on a routine basis. This has been a major booster to the growth of protein ingredients market.
Manufacturers are concentrating on Flavored Healthful Innovations
Rising demand for protein ingredients and an increasing number of small, medium and large scale manufacturers across the world are the reasons for growing the intensive competition in the protein ingredients market. To sustain the position in protein ingredients market companies are manufacturing high-quality protein ingredients with multiple benefits.
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Market Segments Covered in Protein Ingredients Industry Analysis
By Product Type:
- Animal Protein
- Whey Protein
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Gelatin
- Plant Protein
- Soy Protein
- Wheat Protein
- Pea Protein
- Other Plant Proteins
By Application:
- Supplements and Nutritional Powder
- Beverages
- Protein and Nutritional Bars
- Bakery and confectionery
- Breakfast Cereals
- Meat and Meat Products
- Dairy Products
- Infant Nutrition
- Animal Feed
- Other Applications
By Form:
- Isolates
- Concentrates
- Other Forms
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains anssssd industry trends across more than 110 countries.
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