logo
logo
Sign in

Regional analysis & forecast of protein ingredients market

avatar
MarketsandMarkets™
Regional analysis & forecast of protein ingredients market

The global protein ingredients market, valued at USD 61.0 billion in 2023, is poised for significant growth, projected to reach USD 85.6 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0%. These ingredients, derived from various sources such as plants, animals, insects, and microbes, are essential components in industries like food & beverages, feed, cosmetics & personal care, and pharmaceuticals. The market's expansion is fueled by the increasing recognition of protein-rich diets.


Download PDF Brochure


Driving Growth in South America


South America emerges as the fastest-growing region in the protein ingredients market, with a significant projected CAGR. This growth is propelled by dynamic economies like Brazil and Argentina, witnessing substantial investments and a surge in consumer health consciousness. The region's preference for animal protein sources, alongside its prominence in soy production, particularly bolsters the industry.


Dominance of Europe


Europe stands as the dominant force in the protein ingredients market, commanding a value of USD 21.4 billion in 2023. Fueled by developed economies, robust consumer awareness, and governmental support, Europe exhibits a thriving market environment. While traditionally meat-centric, the region is witnessing a rise in veganism and demand for alternative protein sources like plants and insects, further stimulating market growth.


Make an Inquiry


Key Players Driving Innovation


Leading players such as Kerry Group plc (Ireland), Arla Foods amba (Denmark), Roquette Freres (France), and Cosucra (Belgium) play pivotal roles in advancing the protein ingredients ecosystem. Their contributions span innovation, research, and development, bolstering the industry's growth trajectory.


collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more