Protein Ingredients Market Trends, Methodology And Scope By 2028

Protein Ingredients Industry Overview

The global protein ingredients market size was valued at USD 38.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028.

The market is gaining momentum and witnessing a high demand owing to rising demand for food products, such as margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages, which are produced using protein ingredients. Increasing consumption of these products among health-conscious and elderly consumers is also fueling the market growth. Moreover, a rise in the innovation of several proteins by various manufacturers that constitute a wide range of amino acids and perform specific functions, including satiety, muscle repair, weight loss, and energy balance, is expected to present immense growth opportunities for the market.

Gather more insights about the market drivers, restrains and growth of the Global Protein Ingredients Market

The U.S. market has witnessed a considerable increase in the consumption of animal-based products in the recent past. Animal protein is expected to witness further growth over the next few years in the country. Momentous demand for these products derived from animal sources in the domestic market is expected to ascend the product demand in the U.S. The supply chain initiatives undertaken by the ingredient manufacturing companies to strengthen the distribution of products are further expected to drive the market over the forecast period.

Plant-based ingredients are manufactured from crops, including soy, canola, wheat, and pea. Soy protein has been growing at a significant rate and has had the largest share in the plant-based category. It is expected to expand at a high compound annual growth rate over the forecast period. Additionally, the Food and Drug Administration (FDA) authorized a health claim for the reduction of LDL cholesterol through dietary guidelines suggesting four servings of soy per day to help reduce the LDL cholesterol level by 10% in the body.

Product innovations and technological advancements are expected to be the major factor for the expansion of the market over the forecast period. Protein ingredients are now being used in diverse applications, for instance, isolates have high dispersibility and very fine particle size due to which they are widely used in dairy applications. Consumers’ belief in the health benefits associated with these products has been the key driver for this market over the past few years and the trend is anticipated to continue over the forecast period.

Browse through Grand View Research’s Nutraceuticals & Functional Foods Industry Research Reports.

• Lipid Market: The global lipid market size was estimated at USD 7.23 billion in 2021 and is expected to expand at a CAGR of 8.8% from 2022 to 2028.
• Fortified Wine Market: The global fortified wine market size was valued at USD 13.84 billion in 2021 and is expected to expand at 12.5% from 2022 to 2028. 

Market Share Insights

• October 2018: The company DuPont launched a new protein ingredient (pea protein) under the brand TRUPRO 2000 for use in beverage applications.

Key Companies profiled:

Some prominent players in the global protein ingredients market include:

• DuPont
• Rousselot
• Fonterra
• Archer Daniels Midland Company
• Burcon NutraScience
• Tessenderlo Group
• Kewpie Corporation
• Roquette Frères
• The Scoular Company
• CHS Inc.
• Mead Johnson & Company, LLC
• Cargill, Incorporated

Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.