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Protein Ingredients Market Trends

Report ID: GMI2473
Published Date: Dec 2023
Report Format: PDF

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Protein Ingredients Market Trends for Food Application

The increasing popularity of plant-based protein sources, driven by a rising demand for sustainable and vegetarian dietary options, will influence the market outlook. In 2022, a Sentient Media article reported a global vegan population of 79 million, reflecting a growing preference for healthier & vegan options. Plant-derived proteins like pea, soy, and hemp are gaining traction as consumers seek healthier and environmentally friendly alternatives to minimize the environmental impact of animal agriculture and oppose animal cruelty.

Another notable trend is the surge in demand for functional food protein ingredients that offer health benefits beyond basic nutrition. According to a report published by McKinsey & Company in 2022, approximately 50% of U.S. consumers prioritize wellness in their daily lives, marking a notable increase from 42% in 2020.

Ingredients such as collagen peptides, probiotics, and hydrolyzed proteins are gaining prominence as consumers focus on holistic well-being. The integration of protein ingredients into innovative food and beverage formulations, addressing specific health concerns or targeting niche consumer segments. This reflects a broader shift toward personalized nutrition and the recognition of food as a means of proactive health management, redefining the market growth trajectory in the coming years.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of protein ingredients market for food application is poised to witness 7.5% CAGR from 2023 to 2032, owing to the rising demand for protein-rich diets, driven by increased health consciousness and a growing focus on fitness.

The bakery application segment is set to grow at 5% CAGR through 2032, backed by the premiumization of products, along with flavor enhancement using protein ingredients.

Europe market size will record more than 6.5% CAGR between 2023 and 2032, favored by the wider adoption of healthier lifestyles and increased awareness about the benefits of protein-rich diets.

ADM, Cargill Inc., Kerry Group, DuPont, Ingredion Incorporated, Roquette Frères, Kemin Industries, Inc.