Protein Market: By Product Type (Plant Protein, Animal/Dairy Proteins, Microbe-based Proteins, Insect Proteins) By Form (Dry, Liquid) By Application (Food and beverages, Infant Formulations, Clinical Nutrition, Animal Feed Others), and Geography  

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Protein Market size was valued at USD 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.

Protein Market Key Developments:
  • In October 2022, US snack food producer TruFood has been acquired by Mubadala Capital. In November 2021, Spain-based BioTech Foods will be taken over by JBS, the largest protein company in the world.

Protein Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.34%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific
Protein Market Dynamics

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.

Key Features of the Reports

  • The Protein market provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The Protein market covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The Protein market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Protein market tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Protein market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Protein Market Segmentation

By Product Type
  • Plant Protein
  • Animal/Dairy Proteins
  • Microbe-based Proteins
  • Insect Proteins
By Form
  • Dry
  • Liquid
By Application
  • Food & Beverages
  • Infant Formulations
  • Clinical Nutrition
  • Animal Feed
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The global Protein Market size is valued at USD 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
  • Archer Daniels Midland Company
  • Tessenderlo Group
  • Cargill, Incorporated
  • Roquette Frères
  • DuPont
  • Kewpie Corporation
  • Fonterra
  • Mead Johnson & Company, LLC
  • CHS Inc.
  • Rousselot
  • Burcon NutraScience
  • The Scoular Company

Adjacent Markets