Global Protein Ingredients Market Analysis
The Global Protein Ingredients Market was valued at USD 47.50 billion in 2023, and it is projected to exceed USD 74.12 billion by 2030, growing at a CAGR of 6.56% from 2024 to 2030, according to Renub Research.
Proteins, composed of large, complex molecules, are fundamental for various bodily functions, from structuring tissues and organs to regulating processes. Proteins are built from amino acids linked in chains of hundreds or thousands, and dietary protein is essential for health. Protein-rich foods include dairy, meat, nuts, fruits, and vegetables. Generally, individuals need 65 to 75 grams of protein daily, although needs vary depending on lifestyle and physical health.
Trends in the Global Protein Ingredients Market
Increase in Active Lifestyles and Physical Activity
The global fitness and wellness sector is booming, with more people engaging in physical activities like sports, gym sessions, and outdoor pursuits. These active individuals recognize protein’s importance in muscle growth and recovery, driving demand for protein-enriched shakes, bars, and supplements. This trend is a significant driver of the global protein ingredients market.
The International Society of Sports Nutrition recommends 1.4 to 2.0 g/kg/day of protein for active individuals. Data from the Active Lives Adult Survey shows that between November 2022 and November 2023, 63.4% of adults achieved 150 minutes or more of moderate physical activity per week, translating to 29.5 million adults in England alone.
Health Benefits
While debates surround the effects of fats and carbs, the importance of protein is widely acknowledged. Many individuals already consume enough protein to prevent deficiencies, but higher intake could benefit some, further expanding the protein ingredients market.
In 2023, a National Center for Biotechnology Information (NCBI) report highlighted that high-protein diets, with protein comprising at least 18% of calories, showed no adverse cardiovascular impacts. Protein has satiating effects, with studies showing that overweight women who increased protein intake from 15% to 30% of calories consumed 441 fewer calories daily without deliberate restriction. Another study found that a 25% protein increase reduced cravings by 60% and cut nighttime snacking by half in overweight men.
Government Initiatives
Governments worldwide recognize alternative proteins as solutions to animal welfare, climate change, and food security. This support, through financial aid, consumer incentives, and clear regulations, boosts global demand for protein ingredients.
For example:
- Denmark allocated DKK 675 million ($99.4 million) to support plant-based foods and encouraged protein crop cultivation.
- Canada, aiming to lead in plant-based protein, invested approximately CAD 171 million ($127 million) to support value-added plant-based products for Canadian farmers.
- Singapore increased investment in lab-grown meats, expanded regulatory approvals, and fostered global partnerships for protein technology development.
- Israel invested NIS 50 million ($14 million) in fermentation facilities and launched a consortium to support their alternative protein industry.
Protein Ingredients Market in the United States
The U.S. is expected to dominate the protein ingredients market, with an increasingly active population and growing recognition of protein’s role in sports nutrition. Plant-based and cultivated proteins are also driving growth.
In 2023, the Sports & Fitness Industry Association reported that nearly 80% of Americans aged six and over (242 million people) engaged in at least one sport or physical activity, a record-high participation rate. Datassential found that plant-based eggs are rapidly gaining popularity, with a 17% growth on U.S. menus in one year and a 483% increase over four years, second only to plant-based burgers. The demand for plant-based egg patties and scrambled products continues to rise, with more efforts to mimic whole eggs.
Funding for cultivated meat research has also grown, with the National Science Foundation (NSF) and USDA’s National Institute of Food and Agriculture (NIFA) granting nearly $17 million over the past decade, largely to universities. Amino acids and proteins are among the most popular sports nutrition supplements, with protein-based products like bars and powders accounting for 80% of sales in the sector.
Global Protein Ingredients Industry News
Key players in the global protein ingredients market include Archer Daniels Midland Co. (ADM), DuPont de Nemours, Inc., MGP Ingredients, Kerry Group plc, Tessenderlo, CHS, Inc., CropEnergies AG, and Glanbia Plc. The protein ingredients market continues to experience robust growth driven by demand from active lifestyles, health benefits, government support for sustainable proteins, and industry innovations.
Some recent developments:
Archer Daniels Midland Co.
- December 2023: ADM announced its acquisition of UK-based FDL, a leader in functional ingredients and flavor systems.
- March 2023: ADM and Marel collaborated on an innovation center in the Netherlands Food Valley to expand alternative protein research, expected to open in late 2024.
- August 2022: ADM partnered with Benson Hill to develop ultra-high-protein soy for North American markets.
MGP Ingredients
- September 2022: MGP introduced Proterra® Crumbles, plant-based protein crumbles for food service applications.
- February 2022: MGP announced plans to build a new extrusion plant adjacent to its existing facility in Kansas to produce ProTerra textured protein products.
Kerry Group plc
- August 2023: Kerry Group partnered with Australian-based Unigrain to create oat-based dairy alternatives using Australian-grown oats.
- January 2023: Kerry predicted that traditional family-inspired flavors would drive food and beverage innovation, as highlighted in their annual Taste and Nutrition Charts.
Glanbia Plc
- April 2024: Glanbia acquired Flavor Producers LLC for $300 million to expand its Nutritional Solutions division with natural and organic flavors.
- March 2023: At Natural Products Expo West, Glanbia showcased ingredient solutions for sports performance in areas like strength, endurance, and recovery.
- October 2022: Glanbia Nutritionals introduced FerriUp™, a whey protein concentrate aimed at supporting active women with iron and energy needs.
Related Report :
Products – Market breakup from 4 viewpoints:
1. Dairy Protein
2. Egg Protein
3. Fish Protein
4. Gelatin
Form – Market breakup from 3 viewpoints:
1. Concentrate Protein
2. Isolate Protein
3. Others
Applications – Market breakup from 5 viewpoints:
1. Food & Beverages
2. Infant Formulations
3. Clinical Nutrition
4. Animal Feed
5. Others
Country – Breakup from 21 Countries:
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Switzerland
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Indonesia
10.4 Latin America
10.4.1 Brazil
10.4.2 Argentina
10.5 Middle East and Africa
10.5.1 Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 South Africa
10.6 Rest of World
All companies have been covered from 3 viewpoints:
• Overview
• Recent Development
• Revenue
Company Analysis:
1. Archer Daniels Midland Co.
2. DuPont de Nemours, Inc
3. MGP Ingredients
4. Kerry Group plc,
5. Tessenderlo
6. CHS, Inc.
7. Crop Energies AG.
8. Glanbia Plc
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