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Protein Market size was valued at US$ 73,498.9 million in 2022 growing at a significant CAGR of 4.34% from 2023 to 2029. The global market provides a detailed overview of the global Protein Market, and that can be segmented by Product Type, by Form, and by application. By Product Type, the global Protein Market has been segmented into Plant Protein, Animal/Dairy Proteins, Microbe-based Proteins, Insect Proteins. The Plant Protein segment is likely to be the largest and fastest-growing segment in terms of product type. Based on Form, the global Protein Market is segmented into Dry, Liquid. Among these, the dry segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on Application, the global Protein Market is segmented into Food & Beverages, Infant Formulations, Clinical Nutrition, Animal Feed Others. The Food & Beverages accounts for the largest share in 2021. The clinical Nutrition segment is the second-largest share during the forecast period 2023-2029.
Study Period
2024-2030Base Year
2023CAGR
4.34%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
Growing Consumer Awareness about a Healthy Diet to Boost Immunity, natural, and organic ingredients after several diseases and Covid-19 Outbreak also will fuel Global Protein market growth over the forecast years. The market is also anticipated to increase as a result of consumers' rising intake of immune-stimulating functional foods such cereals, beverages, dairy products that contain vitamins, probiotics, minerals, and botanicals.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2022 |
US$ 73,498.9 million |
Market CAGR |
4.34% |
By Product Type |
|
By Form |
|
By Application |
|
By Region |
|
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The global Protein Market size is valued at US$ 73,498.9 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028. .
Growing Potential of Dairy and Plant Proteins in the market for lucrative growth worldwide
The key players of protein market are ADM (US), Cargill (US), Kerry Group (Ireland), DuPont (US), Omega Protein Corporation (US), Friesland Campina (Netherlands), Kewpie Corporation (Japan), Arla Foods (Denmark), Roquette (France), Gelita AG (Germany), Fonterra Co-operative Group Limited (New Zealand), AGRANA (Austria), Hilmar Ingredients (US), AMCO Proteins (US), Axiom Foods (US)
1. Executive Summary |
2. Global Protein Market Introduction |
2.1. Global Protein Market - Taxonomy |
2.2. Global Protein Market -Definitions |
2.2.1. Product Type |
2.2.2. Form |
2.2.3. Application |
3. Global Protein Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Protein Market Dynamic Factors - Impact Analysis |
3.6. Global Protein Market - Competition Landscape |
4. Global Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Protein Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Plant Protein |
5.1.1. Cereal-based |
5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Legumes-based |
5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.3. Root-based |
5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.1.4. Nuts & Seeds-based |
5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.4.3. Market Opportunity Analysis |
5.1.5. Others |
5.1.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.5.3. Market Opportunity Analysis |
5.2. Animal/Dairy Proteins |
5.2.1. Egg Protein |
5.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.1.3. Market Opportunity Analysis |
5.2.2. Milk Protein |
5.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.2.3. Market Opportunity Analysis |
5.2.3. Whey Protein |
5.2.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3.3. Market Opportunity Analysis |
5.2.4. Gelatin |
5.2.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.4.3. Market Opportunity Analysis |
5.2.5. Casein/Caseinates |
5.2.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.5.3. Market Opportunity Analysis |
5.2.6. Others |
5.2.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.6.3. Market Opportunity Analysis |
5.3. Microbe-based Proteins |
5.3.1. Algae |
5.3.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.1.3. Market Opportunity Analysis |
5.3.2. Bacteria |
5.3.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.2.3. Market Opportunity Analysis |
5.3.3. Yeast |
5.3.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3.3. Market Opportunity Analysis |
5.3.4. Fungi |
5.3.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.3.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.4.3. Market Opportunity Analysis |
5.4. Insect Proteins |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Protein Market Forecast, By Form, 2018 - 2022 and Forecast, 2023 - 2029 |
6.1. Dry |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Liquid |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Protein Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
7.1. Food & Beverages |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Infant Formulations |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Clinical Nutrition |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Animal Feed |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Protein Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Region, 2023 - 2029 |
9. North America Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Plant Protein |
9.1.1.1. Cereal-based |
9.1.1.2. Legumes-based |
9.1.1.3. Root-based |
9.1.1.4. Nuts & Seeds-based |
9.1.1.5. Others |
9.1.2. Animal/Dairy Proteins |
9.1.2.1. Egg Protein |
9.1.2.2. Milk Protein |
9.1.2.3. Whey Protein |
9.1.2.4. Gelatin |
9.1.2.5. Casein/Caseinates |
9.1.2.6. Others |
9.1.3. Microbe-based Proteins |
9.1.3.1. Algae |
9.1.3.2. Bacteria |
9.1.3.3. Yeast |
9.1.3.4. Fungi |
9.1.4. Insect Proteins |
9.2. Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Dry |
9.2.2. Liquid |
9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Food & Beverages |
9.3.2. Infant Formulations |
9.3.3. Clinical Nutrition |
9.3.4. Animal Feed |
9.3.5. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Country, 2023 - 2029 |
9.6. North America Protein Market Dynamics - Trends |
10. Europe Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Plant Protein |
10.1.1.1. Cereal-based |
10.1.1.2. Legumes-based |
10.1.1.3. Root-based |
10.1.1.4. Nuts & Seeds-based |
10.1.1.5. Others |
10.1.2. Animal/Dairy Proteins |
10.1.2.1. Egg Protein |
10.1.2.2. Milk Protein |
10.1.2.3. Whey Protein |
10.1.2.4. Gelatin |
10.1.2.5. Casein/Caseinates |
10.1.2.6. Others |
10.1.3. Microbe-based Proteins |
10.1.3.1. Algae |
10.1.3.2. Bacteria |
10.1.3.3. Yeast |
10.1.3.4. Fungi |
10.1.4. Insect Proteins |
10.2. Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Dry |
10.2.2. Liquid |
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Food & Beverages |
10.3.2. Infant Formulations |
10.3.3. Clinical Nutrition |
10.3.4. Animal Feed |
10.3.5. Others |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Country, 2023 - 2029 |
10.6. Europe Protein Market Dynamics - Trends |
11. Asia-Pacific Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Plant Protein |
11.1.1.1. Cereal-based |
11.1.1.2. Legumes-based |
11.1.1.3. Root-based |
11.1.1.4. Nuts & Seeds-based |
11.1.1.5. Others |
11.1.2. Animal/Dairy Proteins |
11.1.2.1. Egg Protein |
11.1.2.2. Milk Protein |
11.1.2.3. Whey Protein |
11.1.2.4. Gelatin |
11.1.2.5. Casein/Caseinates |
11.1.2.6. Others |
11.1.3. Microbe-based Proteins |
11.1.3.1. Algae |
11.1.3.2. Bacteria |
11.1.3.3. Yeast |
11.1.3.4. Fungi |
11.1.4. Insect Proteins |
11.2. Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Dry |
11.2.2. Liquid |
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Food & Beverages |
11.3.2. Infant Formulations |
11.3.3. Clinical Nutrition |
11.3.4. Animal Feed |
11.3.5. Others |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Country, 2023 - 2029 |
11.6. Asia-Pacific Protein Market Dynamics - Trends |
12. Latin America Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Plant Protein |
12.1.1.1. Cereal-based |
12.1.1.2. Legumes-based |
12.1.1.3. Root-based |
12.1.1.4. Nuts & Seeds-based |
12.1.1.5. Others |
12.1.2. Animal/Dairy Proteins |
12.1.2.1. Egg Protein |
12.1.2.2. Milk Protein |
12.1.2.3. Whey Protein |
12.1.2.4. Gelatin |
12.1.2.5. Casein/Caseinates |
12.1.2.6. Others |
12.1.3. Microbe-based Proteins |
12.1.3.1. Algae |
12.1.3.2. Bacteria |
12.1.3.3. Yeast |
12.1.3.4. Fungi |
12.1.4. Insect Proteins |
12.2. Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Dry |
12.2.2. Liquid |
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Food & Beverages |
12.3.2. Infant Formulations |
12.3.3. Clinical Nutrition |
12.3.4. Animal Feed |
12.3.5. Others |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Country, 2023 - 2029 |
12.6. Latin America Protein Market Dynamics - Trends |
13. Middle East and Africa Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Plant Protein |
13.1.1.1. Cereal-based |
13.1.1.2. Legumes-based |
13.1.1.3. Root-based |
13.1.1.4. Nuts & Seeds-based |
13.1.1.5. Others |
13.1.2. Animal/Dairy Proteins |
13.1.2.1. Egg Protein |
13.1.2.2. Milk Protein |
13.1.2.3. Whey Protein |
13.1.2.4. Gelatin |
13.1.2.5. Casein/Caseinates |
13.1.2.6. Others |
13.1.3. Microbe-based Proteins |
13.1.3.1. Algae |
13.1.3.2. Bacteria |
13.1.3.3. Yeast |
13.1.3.4. Fungi |
13.1.4. Insect Proteins |
13.2. Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Dry |
13.2.2. Liquid |
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Food & Beverages |
13.3.2. Infant Formulations |
13.3.3. Clinical Nutrition |
13.3.4. Animal Feed |
13.3.5. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Protein Market - Opportunity Analysis Index, By Product Type, Form, Application, and Country, 2023 - 2029 |
13.6. MEA Protein Market Dynamics - Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Form & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Archer Daniels Midland Company |
14.2.2. Tessenderlo Group |
14.2.3. Cargill, Incorporated |
14.2.4. Roquette Frères |
14.2.5. DuPont |
14.2.6. Kewpie Corporation |
14.2.7. Fonterra |
14.2.8. Mead Johnson & Company, LLC |
14.2.9. CHS Inc. |
14.2.10. Rousselot |
14.2.11. Burcon NutraScience |
14.2.12. The Scoular Company |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players