Protein Ingredients Market
Research Code:MRFB -104479
Sku:MRFB -104479
Protein Ingredients Market by Type (Animal Protein, Plant Protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), Application (Food and Beverages, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics) - Global Forecast to 2028
- Report ID: MRFB -104479
- Pages: 235
- Dec-2021
- Formats*: PDF
- Category: Food and Beverages
- Delivery: 2 to 4 Hours
This report provides pre & post COVID-19 market estimates.
The Protein Ingredients Market is expected to reach $79.7 billion by 2028, at a CAGR of 8% during the forecast period of 2021 to 2028. Growth of the functional food & beverage market, advancement in ingredients technologies such as microencapsulation, rising demand for livestock products, and increasing awareness about the benefits of protein and growing demand for protein rich diet are the key factors driving the growth of the protein ingredients market. In addition, growing potential of insect and plant proteins, emerging economies such as southeast Asia, Latin America, and the Middle East & Africa, and increasing inclination towards vegan diet provides significant growth opportunities for protein ingredient manufacturers in the coming years.
COVID-19 Impact Assessment
Protein Ingredient End Users (Protein Food Manufacturers) are Formulating New Strategies to Deal with a Sudden Rise in the Demand for Protein Based Food
As the coronavirus epidemic has conveyed to the forefront the connection between health and protein consumption which provides consumers a ground to go for a protein rich diet; many companies in the space of protein ingredients have already started changing their strategies, witnessing sudden growth in demand. For instance, companies like Beyond Meat Inc., Impossible Foods Inc., and Tofukry Co. are ramping up their production, discounting their plant-based alternative products to appeal to more consumers and expanding into more stores.
COVID-19 pandemic has boosted the demand for protein ingredient from protein-based product manufacturers which raised the focus on the investments and partnerships in the market. For instance, in April 2021, Beyond Meat, a plant-based protein company, opened a production facility near Shanghai to tap its supply chain resources and potentially reduce its products' carbon footprint of its products. On 18 May 2020, JUST (Eat JUST, Inc.), a company that applies cutting-edge science and technology to create healthier, more sustainable food products partnered with Michael Foods, a subsidiary of Post Holdings and one of the largest processors of value-added eggs in the world to bring the top-selling, plant-based JUST Egg to millions of more consumers in the U.S. In addition, as of March 2020, The Plant-Based Foods Association (PBFA), the trade association representing 180 plant-based food companies partnered with Dot Foods, the North American food to increase access to plant-based foods in North America.
Further, protein category is practically identical with health nutrition and fitness, and hence remained among the top-selling ingredients in 2020 despite a global pandemic that closed gyms and indoor recreation for several months. According to SPINS data released on the 52 weeks ending November 29, 2020, for mainstream supplements channel, the sales across protein category (animal and plant combo) grew by 3.4% to $1.47 billion in the U.S., making it the bestselling ingredient in the channel. In addition, protein (animal-multi) was the third highest-selling ingredient in the channel with $759 million in sales despite a 4% decline in sales growth. Further down the list is protein (animal-general), which grew 9.4% to $482.6 million, and protein (animal-whey), which grew 4% to $269 million. As well, mushrooms sales grew by 46% compared to 2019 to reach $14.7 million in sales in 2020.
Thus, growth in demand for protein products containing protein ingredients to remain healthy during the pandemic season is supporting the growth of protein ingredients market. Thus COVID-19 pandemic has a strong positive effect on the global protein ingredient market.
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Growth of the Functional Food and Beverage Beverage Industry Fuels the Growth of the Protein Ingredients Market
Proteins are used in the food industry for both nutritional and functional benefits. The human requirement for protein can be fulfilled by consuming protein ingredients such as soy. In recent years, a growing inclination towards health and fitness has been witnessed globally due to increasing health awareness. This growing health awareness has boosted the demand for food products that support better health, especially low-calorie, nutritious, and weight-control products.
There has been an increase in the demand for functional foods, primarily due to the rising prevalence of diseases, growing health awareness, the need to fulfill nutritional requirements, and the willingness to experiment with different and new products. As a result, the number of food products containing nutritious ingredients has grown remarkably in recent years. Such consumer trends are driving the demand for protein ingredients such as soy, whey, algae, and others.
Whey protein concentrates and isolates, for example, are added to foods and beverages for both nutritional and functional purposes. Whey protein itself is composed of various fractions differing in characteristics, including weight (molecular mass) and IEP. About half of whey proteins are beta-lactoglobulins with IEPs of about 5.4; some 20% are alpha-lactalbumin (IEP 4.4), and a little more than 10% are GMPs or glycomacropeptides (IEP <3.8).
Consumers are increasingly aware of the health benefits that protein consumption can offer, such as weight management and muscle loss prevention. However, food formulators have long-valued protein additives for properties such as their ability to gel, foam, emulsify, and form films and dough structure. Research provides a better understanding of protein function and how to best utilize these ingredients even as technological advances provide product developers with unique capabilities.
Protein ingredients impart an appealing sensory aspect, shelf life, and stability to foods. For instance, soy protein is used to manufacture weaning foods, porridge, gruel, cookies, crackers, muffins, bread, cereals, cakes, doughnuts, pasta, dry mixes, tortillas, nan, flatbread, soups, sauces, ground meat, ground meat for patties, sausage, meatloaf, vegetarian foods, stews & soups, baked goods, and specialty items.
Thus, the demand for protein ingredients is on the rise due to their functional and nutritional properties and their increasing applications across the food & beverage industry, which is expected to drive the growth of the protein ingredients market.
Increasing Soy-Free and Gluten-Free Trends Challenges the Protein Ingredients Market to Some Extent
The “free-from” is one of the fastest-growing trends in niche foods. The soy and a gluten-free diet have quickly become the fastest-growing nutritional movement, gaining popularity for its health and therapeutic benefits. The increase in the use of soy and gluten-free food products is mainly attributed to a rise in food sensitivities, regional dietary preferences, an increase in the diagnosis of coeliac disease, and the idea of using food as medicine. For instance, many people have allergies and soy protein intolerance, resulting in eye irritation, stomach upsets, and other symptoms, which require hospitalization.
Further, gluten-free is one of the most popular diet trends across the globe. Increasing demand for gluten-free products is mainly associated with increasing instances of diseases, most notably chronic and non-communicable diseases leading to disability. However, the number of people who need to avoid gluten for medical reasons is relatively small. As a result, people are avoiding food products containing or fortified with soy and wheat ingredients. Thus, rising consumer preference towards soy-free food products across the globe restricts the growth of the soy and wheat protein ingredients market.
Key Findings in the Global Protein Ingredients Market Study:
Insect protein ingredient segment is projected to grow with the fastest CAGR during the forecast period.
Based on type, the global protein ingredients market is mainly segmented into animal, plant, insect, and microbial protein ingredients. The animal protein segment is estimated to account for the largest share of the overall protein ingredients market in 2021. However, insect protein ingredient segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing demand for the environment friendly protein rich food, rising investment in edible insect farming, and altering attitudes towards insects as a food.
Dry form of protein ingredient to grow with the fastest CAGR during the forecast period.
Based on form, the global protein ingredients market is segmented into dry and liquid form. The dry protein ingredient segment is estimated to account for the largest share of the overall protein ingredients market in 2021. The major share of this segment is mainly attributed their higher demand with ease in handling & transport, cost effectiveness, ability to avoid costly formulation mistakes, and competence to maintain the stability of the ingredient. This segment is also expected to grow at the fastest CAGR during the forecast period.
Food and beverage application segment is estimated to account for the largest share of the overall protein ingredient market in 2021.
Based on application, the global protein ingredients market is mainly segmented into food and beverages, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food and beverage segment is estimated to account for the largest share of the overall protein ingredients market in 2021. The large share of this segment is mainly attributed to increasing consumer preference for novel foods and ingredients, growing awareness and demand for protein rich food products, versatile functionality, compatibility with vegetarian and vegan lifestyles, and rising clean label trend. However, nutrition and health supplements segment is expected to witness a rapid growth during the forecast period. The rapid growth of this market is mainly attributed to changing lifestyle, growing health & wellness trend, and increasing nutrient-savvy consumers.
Asia-Pacific: The fastest growing regional market
The Europe is estimated to account for the largest share of the overall protein ingredients market in 2021, followed by North America, Asia-Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly due to the rising population and urbanization, industrial growth, sustainable food protein sources, advancement in food processing technologies, changing economies, and growing interest in protein rich vegetarian foods and diets.
Key Players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the protein ingredients market over last four years. The key players profiled in the global protein ingredients market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Kerry Group (Ireland), Roquette Freres (France), Arla Foods amba (Denmark), Fonterra Co-Operative Group Limited (New Zealand), Royal FrieslandCampina N.V. (The Netherlands), AMCO Proteins (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), GELITA AG (Germany), CHS Inc. (U.S.), Kewpie Corporation (Japan), Omega Protein Corporation (U.S.), Hilmar Ingredients (U.S.), AgriProtein (South Africa), Crespel & Deiters GmbH & co. kg (Germany), Ÿnsect (France), Farbest Brands (U.S.), Enterra Feed Corporation (Canada), Sotexpro (France), Protix (The Netherlands), Now Foods (U.S.), Entomo Farms (Canada), Cosucra Groupe Warcoing SA (Belgium), DIC Corporation (Japan), Taiwan Chlorella Manufacturing Company (Taiwan), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), MycoTechnology Inc. (U.S.), and 3Fbio Ltd. (U.K.).
Scope of the report
Protein Ingredients Market, by Type
- Animal Protein Ingredients
- Dairy Protein
- Milk Protein
- Whey Protein
- Casein & Caseinates
- Egg Protein
- Gelatin
- Other Animal Protein
- Dairy Protein
- Plant Protein Ingredients
- Soy Protein
- Wheat Protein
- Pea Protein
- Rice Protein
- Potato Protein
- Canola Protein
- Corn Protein
- Other Plant Protein
- Insect Protein Ingredients
- Microbial Protein Ingredients
- Algae
- Fungi
- Others
Protein Ingredients Market, by Form
- Dry
- Liquid
Protein Ingredients Market, by Application
- Food and Beverages
- Animal Feed
- Nutrition and Health Supplements
- Pharmaceuticals
- Personal Care and Cosmetics
- Others
Protein Ingredients Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- RoE
- Asia-Pacific (APAC)
- China
- India
- Japan
- Australia
- RoAPAC
- Latin America
- Middle East and Africa
Key questions answered in the report:
What is the value of revenue generated from sale of protein ingredients across the globe? At what rate their demand expected to grow for the next 5-7 years?
Which type is estimated to hold the major share of the market?
Which form segments is projected to create more traction in the of the global protein ingredients market?
Which applicational segment is projected to create more traction in the of the global protein ingredients market?
What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global protein ingredients market?
Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?
Who are the major players operating in the global protein ingredients market?
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for The Study
2.5. Limitations for The Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Protein Ingredients Market Analysis, by Type
3.2.1.1. Animal Protein Ingredients Market Analysis, by Type
3.2.1.2. Plant Protein Ingredients Market Analysis, by Type
3.2.1.3. Microbial Protein Ingredients Market Analysis, by Type
3.2.2. Protein Ingredients Market Analysis, by Form
3.2.3. Protein Ingredients Market Analysis, by Application
3.2.4. Protein Ingredients Market Regional Analysis
3.2.5. Competitive Landscape & Market Competitors
4. Market Insight
4.1. Introduction
4.2. Drivers
4.2.1. Growth of The Functional F&B Market
4.2.2. Advancement in Ingredient Technologies Such as Microencapsulation
4.2.3. Rising Demand for Livestock Products
4.2.4. Growing Demand for Protein-Rich Diet
4.3. Restraints
4.3.1. Fluctuating Raw Material Prices
4.3.2. High Cost of Protein Ingredients Such as Insect Protein and Algal Protein
4.4. Opportunities
4.4.1. Growing Potential of Insect and Microbial Proteins
4.4.2. Emerging Economies
4.4.3. Increasing Inclination Towards Vegan Diet
4.5. Trends
4.5.1. Lab Meat - New and Emerging Type of Protein
4.6. Challenges
4.6.1. Increasing Soy-Free and Gluten-Free Trends
5. Covid-19 Impact on The Protein Ingredients Market
6. Protein Ingredients Market, by Type
6.1. Introduction
6.2. Animal Protein
6.2.1. Dairy Protein
6.2.1.1. Whey Protein
6.2.1.2. Milk Protein
6.2.1.3. Casein and Caseinates
6.2.2. Egg Protein
6.2.3. Gelatin
6.2.4. Others Animal Protein
6.3. Plant Protein
6.3.1. Soy Protein
6.3.2. Wheat Protein
6.3.3. Pea Protein
6.3.4. Canola Protein
6.3.5. Potato Protein
6.3.6. Rice Protein
6.3.7. Corn Protein
6.3.8. Others Plant Protein
6.4. Insect Protein
6.5. Microbial Protein
6.5.1. Algae Protein
6.5.2. Fungi Protein
6.5.3. Others Microbial Protein
7. Protein Ingredients Market, by Form
7.1. Introduction
7.2. Dry
7.3. Liquid Form
8. Protein Ingredients Market, by Application
8.1. Introduction
8.2. Food and Beverages
8.3. Animal Feed
8.4. Nutrition and Health Supplements
8.5. Pharmaceuticals
8.6. Personal Care and Cosmetics
8.7. Other Applications
9. Protein Ingredients Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
11. Company Profiles
11.1. Cargill, Incorporated
11.2. Archer Daniels Midland Company
11.3. Dupont De Nemours and Company
11.4. Kerry Group Plc
11.5. Roquette Frères
11.6. Ingredion Incorporated
11.7. Arla Foods Amba
11.8. Fonterra Co-Operative Group Limited
11.9. Royal Friesland Campina N.V.
11.10. AMCO Proteins
11.11. Axiom Foods Inc.
11.12. Glanbia Plc
11.13. Gelita AG
11.14. Kewpie Corporation
11.15. Now Foods
11.16. Ÿnsect SAS
11.17. Enterra Feed Corporation
11.18. Protix B.V.
11.19. Entomo Farms
11.20. Innovafeed
11.21. Enviroflight, LLC
11.22. DIC Corporation
11.23. Taiwan Chlorella Manufacturing Company
11.24. Sun Chlorella Corporation
11.25. Tianjin Norland Biotech Co., Ltd.
11.26. E.I.D. - Parry (India) Limited
11.27. Algatechologies Ltd.
11.28. Mycotechnology Inc.
11.29. 3FBio Ltd.
11.30. FEBICO (Far East Bio-Tec. Co., Ltd.)
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Protein Ingredients Market Drivers: Impact Analysis (2021–2028)
Table 2 Global Protein Ingredients Market Restraints: Impact Analysis (2021–2028)
Table 3 Nominal Prices of Commodity in USD/Tonne from 2015-2020
Table 4 Overview of Startups in Lab Grown Meat Market
Table 5 Global Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 6 Global Animal Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 7 Global Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 8 Global Dairy Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 9 Global Dairy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 10 Whey Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 11 Milk Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 12 Casein and Caseinates Market Size, by Country/Region, 2019-2028 (USD Million)
Table 13 Egg Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 14 Gelatin Market Size, by Country/Region, 2019-2028 (USD Million)
Table 15 Other Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 16 Global Plant Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 17 Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 18 Soy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 19 Wheat Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 20 Pea Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 21 Canola Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 22 Potato Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 23 Rice Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 24 Corn Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 25 Other Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 26 Insect Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 27 Global Microbial Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 28 Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 29 Algae Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 30 Fungi Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 31 Other Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 32 Global Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 33 Dry Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 34 Liquid Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 35 Global Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 36 Protein Ingredients Market Size for Food and Beverages, by Country/Region, 2019-2028 (USD Million)
Table 37 Protein Ingredients Market Size for Animal Feed, by Country/Region, 2019-2028 (USD Million)
Table 38 Protein Ingredients Market Size for Nutrition and Health Supplements, by Country/Region, 2019-2028 (USD Million)
Table 39 Protein Ingredients Market Size for Pharmaceuticals, by Country/Region, 2019-2028 (USD Million)
Table 40 Protein Ingredients Market Size for Personal Care and Cosmetics, by Country/Region, 2019-2028 (USD Million)
Table 41 Protein Ingredients Market Size for Other Applications, by Country/Region, 2019-2028 (USD Million)
Table 42 Global Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 43 North America: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 44 North America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 45 North America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 46 North America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 47 North America: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 48 North America: Microbial Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 49 North America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 50 North America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 51 U.S.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 52 U.S.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 53 U.S.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 54 U.S.: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 55 U.S.: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 56 U.S.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 57 U.S.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 58 Canada: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 59 Canada: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 60 Canada: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 61 Canada: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 62 Canada: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 63 Canada: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 64 Canada: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 65 Europe: Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 66 Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 67 Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 68 Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 69 Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 70 Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 71 Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 72 Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 73 Germany: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 74 Germany: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 75 Germany: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 76 Germany: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 77 Germany: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 78 Germany: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 79 Germany: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 80 France: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 81 France: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 82 France: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 83 France: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 84 France: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 85 France: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 86 France: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 87 U.K.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 88 U.K.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 89 U.K.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 90 U.K.: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 91 U.K.: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 92 U.K.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 93 U.K.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 94 Italy: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 95 Italy: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 96 Italy: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 97 Italy: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 98 Italy: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 99 Italy: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 100 Italy: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 101 Spain: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 102 Spain: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 103 Spain: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 104 Spain: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 105 Spain: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 106 Spain: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 107 Spain: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 108 Rest of Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 109 Rest of Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 110 Rest of Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 111 Rest of Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 112 Rest of Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 113 Rest of Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 114 Rest of Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 115 Asia-Pacific: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 116 Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 117 Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 118 Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 119 Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 120 Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 121 Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 122 Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 123 China: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 124 China: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 125 China: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 126 China: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 127 China: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 128 China: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 129 China: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 130 Japan: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 131 Japan: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 132 Japan: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 133 Japan: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 134 Japan: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 135 Japan: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 136 Japan: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 137 India: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 138 India: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 139 India: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 140 India: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 141 India: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 142 India: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 143 India: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 144 Australia: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 145 Australia: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 146 Australia: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 147 Australia: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 148 Australia: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 149 Australia: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 150 Australia: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 151 Rest of Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 152 Rest of Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 153 Rest of Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 154 Rest of Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 155 Rest of Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 156 Rest of Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 157 Rest of Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 158 Latin America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 159 Latin America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 160 Latin America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 161 Latin America: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 162 Latin America: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 163 Latin America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 164 Latin America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 165 Middle East & Africa: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 166 Middle East & Africa: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 167 Middle East & Africa: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 168 Middle East & Africa: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 169 Middle East & Africa: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 170 Middle East & Africa: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 171 Middle East & Africa: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 172 Protein Ingredients Market: Recent Developments, by Company (2018-2021)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 The Animal Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 8 The Dairy Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 9 Pea Protein to Witness Significant Growth During the Forecast Period
Figure 10 Algae Protein Segment is Anticipated to Hold the Largest Share of the Market in 2021
Figure 11 The Dry Protein Segment is Estimated to Account for the Largest Share of the Market in 2021
Figure 12 The Food and Beverages Segment is Projected to Grow Fastest During the Forecast Period
Figure 13 Global Protein Ingredients Market Scenario, by Geography
Figure 14 Market Dynamics
Figure 15 Current Prices of Different Food Types, 2020
Figure 16 Leading Animal Protein Companies Investing in Lab Grown Competitors
Figure 17 Global Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 18 Global Animal Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 19 Global Dairy Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 20 Global Plant Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 21 Global Microbial Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 22 Global Protein Ingredients Market Size, by Form, 2021–2028 (USD Million)
Figure 23 Global Protein Ingredients Market Size, by Application, 2021–2028 (USD Million)
Figure 24 Global Protein Ingredients Market Size, by Region, 2021–2028 (USD Million)
Figure 25 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 26 Protein Ingredients Market: Competitive Benchmarking, by Type
Figure 27 Cargill, Incorporated: Financial Overview (2020)
Figure 28 Archer Daniels Midland Company: Financial Overview (2020)
Figure 29 Dupont De Nemours, Inc.: Financial Overview (2020)
Figure 30 Kerry Group: Financial Overview (2020)
Figure 31 Roquette Frères Le Romarin: Financial Overview (2020)
Figure 32 Ingredion Incorporated: Financial Overview (2020)
Figure 33 Arla Foods Amba: Financial Overview (2020)
Figure 34 Fonterra Co-Operative Group Limited: Financial Overview (2021)
Figure 35 Royal Friesland Campina N.V.: Financial Overview (2020)
Figure 36 Glanbia Plc: Financial Overview (2020)
Figure 37 Gelita AG: Financial Overview (2019)
Figure 38 Kewpie Corporation: Financial Overview (2020)
Figure 39 DIC Corporation: Financial Overview (2020)
Figure 40 E.I.D. – Parry (India) Limited: Financial Overview (2021)
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The Protein Ingredients Market is expected to reach $79.7 billion by 2028, at a CAGR of 8% during the forecast period of 2021 to 2028. Growth of the functional food & beverage market, advancement in ingredients technologies such as microencapsulation, rising demand for livestock products, and increasing awareness about the benefits of protein and growing demand for protein rich diet are the key factors driving the growth of the protein ingredients market. In addition, growing potential of insect and plant proteins, emerging economies such as southeast Asia, Latin America, and the Middle East & Africa, and increasing inclination towards vegan diet provides significant growth opportunities for protein ingredient manufacturers in the coming years.
COVID-19 Impact Assessment
Protein Ingredient End Users (Protein Food Manufacturers) are Formulating New Strategies to Deal with a Sudden Rise in the Demand for Protein Based Food
As the coronavirus epidemic has conveyed to the forefront the connection between health and protein consumption which provides consumers a ground to go for a protein rich diet; many companies in the space of protein ingredients have already started changing their strategies, witnessing sudden growth in demand. For instance, companies like Beyond Meat Inc., Impossible Foods Inc., and Tofukry Co. are ramping up their production, discounting their plant-based alternative products to appeal to more consumers and expanding into more stores.
COVID-19 pandemic has boosted the demand for protein ingredient from protein-based product manufacturers which raised the focus on the investments and partnerships in the market. For instance, in April 2021, Beyond Meat, a plant-based protein company, opened a production facility near Shanghai to tap its supply chain resources and potentially reduce its products' carbon footprint of its products. On 18 May 2020, JUST (Eat JUST, Inc.), a company that applies cutting-edge science and technology to create healthier, more sustainable food products partnered with Michael Foods, a subsidiary of Post Holdings and one of the largest processors of value-added eggs in the world to bring the top-selling, plant-based JUST Egg to millions of more consumers in the U.S. In addition, as of March 2020, The Plant-Based Foods Association (PBFA), the trade association representing 180 plant-based food companies partnered with Dot Foods, the North American food to increase access to plant-based foods in North America.
Further, protein category is practically identical with health nutrition and fitness, and hence remained among the top-selling ingredients in 2020 despite a global pandemic that closed gyms and indoor recreation for several months. According to SPINS data released on the 52 weeks ending November 29, 2020, for mainstream supplements channel, the sales across protein category (animal and plant combo) grew by 3.4% to $1.47 billion in the U.S., making it the bestselling ingredient in the channel. In addition, protein (animal-multi) was the third highest-selling ingredient in the channel with $759 million in sales despite a 4% decline in sales growth. Further down the list is protein (animal-general), which grew 9.4% to $482.6 million, and protein (animal-whey), which grew 4% to $269 million. As well, mushrooms sales grew by 46% compared to 2019 to reach $14.7 million in sales in 2020.
Thus, growth in demand for protein products containing protein ingredients to remain healthy during the pandemic season is supporting the growth of protein ingredients market. Thus COVID-19 pandemic has a strong positive effect on the global protein ingredient market.
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Growth of the Functional Food and Beverage Beverage Industry Fuels the Growth of the Protein Ingredients Market
Proteins are used in the food industry for both nutritional and functional benefits. The human requirement for protein can be fulfilled by consuming protein ingredients such as soy. In recent years, a growing inclination towards health and fitness has been witnessed globally due to increasing health awareness. This growing health awareness has boosted the demand for food products that support better health, especially low-calorie, nutritious, and weight-control products.
There has been an increase in the demand for functional foods, primarily due to the rising prevalence of diseases, growing health awareness, the need to fulfill nutritional requirements, and the willingness to experiment with different and new products. As a result, the number of food products containing nutritious ingredients has grown remarkably in recent years. Such consumer trends are driving the demand for protein ingredients such as soy, whey, algae, and others.
Whey protein concentrates and isolates, for example, are added to foods and beverages for both nutritional and functional purposes. Whey protein itself is composed of various fractions differing in characteristics, including weight (molecular mass) and IEP. About half of whey proteins are beta-lactoglobulins with IEPs of about 5.4; some 20% are alpha-lactalbumin (IEP 4.4), and a little more than 10% are GMPs or glycomacropeptides (IEP <3.8).
Consumers are increasingly aware of the health benefits that protein consumption can offer, such as weight management and muscle loss prevention. However, food formulators have long-valued protein additives for properties such as their ability to gel, foam, emulsify, and form films and dough structure. Research provides a better understanding of protein function and how to best utilize these ingredients even as technological advances provide product developers with unique capabilities.
Protein ingredients impart an appealing sensory aspect, shelf life, and stability to foods. For instance, soy protein is used to manufacture weaning foods, porridge, gruel, cookies, crackers, muffins, bread, cereals, cakes, doughnuts, pasta, dry mixes, tortillas, nan, flatbread, soups, sauces, ground meat, ground meat for patties, sausage, meatloaf, vegetarian foods, stews & soups, baked goods, and specialty items.
Thus, the demand for protein ingredients is on the rise due to their functional and nutritional properties and their increasing applications across the food & beverage industry, which is expected to drive the growth of the protein ingredients market.
Increasing Soy-Free and Gluten-Free Trends Challenges the Protein Ingredients Market to Some Extent
The “free-from” is one of the fastest-growing trends in niche foods. The soy and a gluten-free diet have quickly become the fastest-growing nutritional movement, gaining popularity for its health and therapeutic benefits. The increase in the use of soy and gluten-free food products is mainly attributed to a rise in food sensitivities, regional dietary preferences, an increase in the diagnosis of coeliac disease, and the idea of using food as medicine. For instance, many people have allergies and soy protein intolerance, resulting in eye irritation, stomach upsets, and other symptoms, which require hospitalization.
Further, gluten-free is one of the most popular diet trends across the globe. Increasing demand for gluten-free products is mainly associated with increasing instances of diseases, most notably chronic and non-communicable diseases leading to disability. However, the number of people who need to avoid gluten for medical reasons is relatively small. As a result, people are avoiding food products containing or fortified with soy and wheat ingredients. Thus, rising consumer preference towards soy-free food products across the globe restricts the growth of the soy and wheat protein ingredients market.
Key Findings in the Global Protein Ingredients Market Study:
Insect protein ingredient segment is projected to grow with the fastest CAGR during the forecast period.
Based on type, the global protein ingredients market is mainly segmented into animal, plant, insect, and microbial protein ingredients. The animal protein segment is estimated to account for the largest share of the overall protein ingredients market in 2021. However, insect protein ingredient segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing demand for the environment friendly protein rich food, rising investment in edible insect farming, and altering attitudes towards insects as a food.
Dry form of protein ingredient to grow with the fastest CAGR during the forecast period.
Based on form, the global protein ingredients market is segmented into dry and liquid form. The dry protein ingredient segment is estimated to account for the largest share of the overall protein ingredients market in 2021. The major share of this segment is mainly attributed their higher demand with ease in handling & transport, cost effectiveness, ability to avoid costly formulation mistakes, and competence to maintain the stability of the ingredient. This segment is also expected to grow at the fastest CAGR during the forecast period.
Food and beverage application segment is estimated to account for the largest share of the overall protein ingredient market in 2021.
Based on application, the global protein ingredients market is mainly segmented into food and beverages, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food and beverage segment is estimated to account for the largest share of the overall protein ingredients market in 2021. The large share of this segment is mainly attributed to increasing consumer preference for novel foods and ingredients, growing awareness and demand for protein rich food products, versatile functionality, compatibility with vegetarian and vegan lifestyles, and rising clean label trend. However, nutrition and health supplements segment is expected to witness a rapid growth during the forecast period. The rapid growth of this market is mainly attributed to changing lifestyle, growing health & wellness trend, and increasing nutrient-savvy consumers.
Asia-Pacific: The fastest growing regional market
The Europe is estimated to account for the largest share of the overall protein ingredients market in 2021, followed by North America, Asia-Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly due to the rising population and urbanization, industrial growth, sustainable food protein sources, advancement in food processing technologies, changing economies, and growing interest in protein rich vegetarian foods and diets.
Key Players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the protein ingredients market over last four years. The key players profiled in the global protein ingredients market are Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Kerry Group (Ireland), Roquette Freres (France), Arla Foods amba (Denmark), Fonterra Co-Operative Group Limited (New Zealand), Royal FrieslandCampina N.V. (The Netherlands), AMCO Proteins (U.S.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Glanbia plc (Ireland), GELITA AG (Germany), CHS Inc. (U.S.), Kewpie Corporation (Japan), Omega Protein Corporation (U.S.), Hilmar Ingredients (U.S.), AgriProtein (South Africa), Crespel & Deiters GmbH & co. kg (Germany), Ÿnsect (France), Farbest Brands (U.S.), Enterra Feed Corporation (Canada), Sotexpro (France), Protix (The Netherlands), Now Foods (U.S.), Entomo Farms (Canada), Cosucra Groupe Warcoing SA (Belgium), DIC Corporation (Japan), Taiwan Chlorella Manufacturing Company (Taiwan), Tianjin Norland Biotech Co., Ltd. (China), Cyanotech Corporation (U.S.), MycoTechnology Inc. (U.S.), and 3Fbio Ltd. (U.K.).
Scope of the report
Protein Ingredients Market, by Type
- Animal Protein Ingredients
- Dairy Protein
- Milk Protein
- Whey Protein
- Casein & Caseinates
- Egg Protein
- Gelatin
- Other Animal Protein
- Dairy Protein
- Plant Protein Ingredients
- Soy Protein
- Wheat Protein
- Pea Protein
- Rice Protein
- Potato Protein
- Canola Protein
- Corn Protein
- Other Plant Protein
- Insect Protein Ingredients
- Microbial Protein Ingredients
- Algae
- Fungi
- Others
Protein Ingredients Market, by Form
- Dry
- Liquid
Protein Ingredients Market, by Application
- Food and Beverages
- Animal Feed
- Nutrition and Health Supplements
- Pharmaceuticals
- Personal Care and Cosmetics
- Others
Protein Ingredients Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- RoE
- Asia-Pacific (APAC)
- China
- India
- Japan
- Australia
- RoAPAC
- Latin America
- Middle East and Africa
Key questions answered in the report:
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for The Study
2.5. Limitations for The Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Protein Ingredients Market Analysis, by Type
3.2.1.1. Animal Protein Ingredients Market Analysis, by Type
3.2.1.2. Plant Protein Ingredients Market Analysis, by Type
3.2.1.3. Microbial Protein Ingredients Market Analysis, by Type
3.2.2. Protein Ingredients Market Analysis, by Form
3.2.3. Protein Ingredients Market Analysis, by Application
3.2.4. Protein Ingredients Market Regional Analysis
3.2.5. Competitive Landscape & Market Competitors
4. Market Insight
4.1. Introduction
4.2. Drivers
4.2.1. Growth of The Functional F&B Market
4.2.2. Advancement in Ingredient Technologies Such as Microencapsulation
4.2.3. Rising Demand for Livestock Products
4.2.4. Growing Demand for Protein-Rich Diet
4.3. Restraints
4.3.1. Fluctuating Raw Material Prices
4.3.2. High Cost of Protein Ingredients Such as Insect Protein and Algal Protein
4.4. Opportunities
4.4.1. Growing Potential of Insect and Microbial Proteins
4.4.2. Emerging Economies
4.4.3. Increasing Inclination Towards Vegan Diet
4.5. Trends
4.5.1. Lab Meat - New and Emerging Type of Protein
4.6. Challenges
4.6.1. Increasing Soy-Free and Gluten-Free Trends
5. Covid-19 Impact on The Protein Ingredients Market
6. Protein Ingredients Market, by Type
6.1. Introduction
6.2. Animal Protein
6.2.1. Dairy Protein
6.2.1.1. Whey Protein
6.2.1.2. Milk Protein
6.2.1.3. Casein and Caseinates
6.2.2. Egg Protein
6.2.3. Gelatin
6.2.4. Others Animal Protein
6.3. Plant Protein
6.3.1. Soy Protein
6.3.2. Wheat Protein
6.3.3. Pea Protein
6.3.4. Canola Protein
6.3.5. Potato Protein
6.3.6. Rice Protein
6.3.7. Corn Protein
6.3.8. Others Plant Protein
6.4. Insect Protein
6.5. Microbial Protein
6.5.1. Algae Protein
6.5.2. Fungi Protein
6.5.3. Others Microbial Protein
7. Protein Ingredients Market, by Form
7.1. Introduction
7.2. Dry
7.3. Liquid Form
8. Protein Ingredients Market, by Application
8.1. Introduction
8.2. Food and Beverages
8.3. Animal Feed
8.4. Nutrition and Health Supplements
8.5. Pharmaceuticals
8.6. Personal Care and Cosmetics
8.7. Other Applications
9. Protein Ingredients Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
11. Company Profiles
11.1. Cargill, Incorporated
11.2. Archer Daniels Midland Company
11.3. Dupont De Nemours and Company
11.4. Kerry Group Plc
11.5. Roquette Frères
11.6. Ingredion Incorporated
11.7. Arla Foods Amba
11.8. Fonterra Co-Operative Group Limited
11.9. Royal Friesland Campina N.V.
11.10. AMCO Proteins
11.11. Axiom Foods Inc.
11.12. Glanbia Plc
11.13. Gelita AG
11.14. Kewpie Corporation
11.15. Now Foods
11.16. Ÿnsect SAS
11.17. Enterra Feed Corporation
11.18. Protix B.V.
11.19. Entomo Farms
11.20. Innovafeed
11.21. Enviroflight, LLC
11.22. DIC Corporation
11.23. Taiwan Chlorella Manufacturing Company
11.24. Sun Chlorella Corporation
11.25. Tianjin Norland Biotech Co., Ltd.
11.26. E.I.D. - Parry (India) Limited
11.27. Algatechologies Ltd.
11.28. Mycotechnology Inc.
11.29. 3FBio Ltd.
11.30. FEBICO (Far East Bio-Tec. Co., Ltd.)
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Protein Ingredients Market Drivers: Impact Analysis (2021–2028)
Table 2 Global Protein Ingredients Market Restraints: Impact Analysis (2021–2028)
Table 3 Nominal Prices of Commodity in USD/Tonne from 2015-2020
Table 4 Overview of Startups in Lab Grown Meat Market
Table 5 Global Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 6 Global Animal Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 7 Global Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 8 Global Dairy Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 9 Global Dairy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 10 Whey Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 11 Milk Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 12 Casein and Caseinates Market Size, by Country/Region, 2019-2028 (USD Million)
Table 13 Egg Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 14 Gelatin Market Size, by Country/Region, 2019-2028 (USD Million)
Table 15 Other Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 16 Global Plant Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 17 Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 18 Soy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 19 Wheat Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 20 Pea Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 21 Canola Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 22 Potato Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 23 Rice Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 24 Corn Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 25 Other Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 26 Insect Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 27 Global Microbial Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 28 Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 29 Algae Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 30 Fungi Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 31 Other Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 32 Global Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 33 Dry Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 34 Liquid Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 35 Global Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 36 Protein Ingredients Market Size for Food and Beverages, by Country/Region, 2019-2028 (USD Million)
Table 37 Protein Ingredients Market Size for Animal Feed, by Country/Region, 2019-2028 (USD Million)
Table 38 Protein Ingredients Market Size for Nutrition and Health Supplements, by Country/Region, 2019-2028 (USD Million)
Table 39 Protein Ingredients Market Size for Pharmaceuticals, by Country/Region, 2019-2028 (USD Million)
Table 40 Protein Ingredients Market Size for Personal Care and Cosmetics, by Country/Region, 2019-2028 (USD Million)
Table 41 Protein Ingredients Market Size for Other Applications, by Country/Region, 2019-2028 (USD Million)
Table 42 Global Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 43 North America: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 44 North America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 45 North America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 46 North America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 47 North America: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 48 North America: Microbial Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 49 North America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 50 North America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 51 U.S.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 52 U.S.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 53 U.S.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 54 U.S.: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 55 U.S.: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 56 U.S.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 57 U.S.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 58 Canada: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 59 Canada: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 60 Canada: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 61 Canada: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 62 Canada: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 63 Canada: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 64 Canada: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 65 Europe: Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 66 Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 67 Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 68 Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 69 Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 70 Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 71 Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 72 Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 73 Germany: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 74 Germany: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 75 Germany: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 76 Germany: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 77 Germany: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 78 Germany: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 79 Germany: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 80 France: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 81 France: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 82 France: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 83 France: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 84 France: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 85 France: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 86 France: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 87 U.K.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 88 U.K.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 89 U.K.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 90 U.K.: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 91 U.K.: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 92 U.K.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 93 U.K.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 94 Italy: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 95 Italy: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 96 Italy: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 97 Italy: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 98 Italy: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 99 Italy: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 100 Italy: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 101 Spain: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 102 Spain: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 103 Spain: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 104 Spain: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 105 Spain: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 106 Spain: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 107 Spain: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 108 Rest of Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 109 Rest of Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 110 Rest of Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 111 Rest of Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 112 Rest of Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 113 Rest of Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 114 Rest of Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 115 Asia-Pacific: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 116 Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 117 Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 118 Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 119 Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 120 Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 121 Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 122 Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 123 China: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 124 China: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 125 China: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 126 China: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 127 China: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 128 China: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 129 China: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 130 Japan: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 131 Japan: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 132 Japan: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 133 Japan: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 134 Japan: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 135 Japan: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 136 Japan: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 137 India: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 138 India: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 139 India: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 140 India: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 141 India: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 142 India: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 143 India: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 144 Australia: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 145 Australia: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 146 Australia: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 147 Australia: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 148 Australia: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 149 Australia: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 150 Australia: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 151 Rest of Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 152 Rest of Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 153 Rest of Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 154 Rest of Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 155 Rest of Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 156 Rest of Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 157 Rest of Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 158 Latin America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 159 Latin America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 160 Latin America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 161 Latin America: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 162 Latin America: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 163 Latin America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 164 Latin America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 165 Middle East & Africa: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 166 Middle East & Africa: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 167 Middle East & Africa: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 168 Middle East & Africa: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 169 Middle East & Africa: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 170 Middle East & Africa: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 171 Middle East & Africa: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 172 Protein Ingredients Market: Recent Developments, by Company (2018-2021)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 The Animal Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 8 The Dairy Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 9 Pea Protein to Witness Significant Growth During the Forecast Period
Figure 10 Algae Protein Segment is Anticipated to Hold the Largest Share of the Market in 2021
Figure 11 The Dry Protein Segment is Estimated to Account for the Largest Share of the Market in 2021
Figure 12 The Food and Beverages Segment is Projected to Grow Fastest During the Forecast Period
Figure 13 Global Protein Ingredients Market Scenario, by Geography
Figure 14 Market Dynamics
Figure 15 Current Prices of Different Food Types, 2020
Figure 16 Leading Animal Protein Companies Investing in Lab Grown Competitors
Figure 17 Global Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 18 Global Animal Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 19 Global Dairy Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 20 Global Plant Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 21 Global Microbial Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 22 Global Protein Ingredients Market Size, by Form, 2021–2028 (USD Million)
Figure 23 Global Protein Ingredients Market Size, by Application, 2021–2028 (USD Million)
Figure 24 Global Protein Ingredients Market Size, by Region, 2021–2028 (USD Million)
Figure 25 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 26 Protein Ingredients Market: Competitive Benchmarking, by Type
Figure 27 Cargill, Incorporated: Financial Overview (2020)
Figure 28 Archer Daniels Midland Company: Financial Overview (2020)
Figure 29 Dupont De Nemours, Inc.: Financial Overview (2020)
Figure 30 Kerry Group: Financial Overview (2020)
Figure 31 Roquette Frères Le Romarin: Financial Overview (2020)
Figure 32 Ingredion Incorporated: Financial Overview (2020)
Figure 33 Arla Foods Amba: Financial Overview (2020)
Figure 34 Fonterra Co-Operative Group Limited: Financial Overview (2021)
Figure 35 Royal Friesland Campina N.V.: Financial Overview (2020)
Figure 36 Glanbia Plc: Financial Overview (2020)
Figure 37 Gelita AG: Financial Overview (2019)
Figure 38 Kewpie Corporation: Financial Overview (2020)
Figure 39 DIC Corporation: Financial Overview (2020)
Figure 40 E.I.D. – Parry (India) Limited: Financial Overview (2021)
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for The Study
2.5. Limitations for The Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Protein Ingredients Market Analysis, by Type
3.2.1.1. Animal Protein Ingredients Market Analysis, by Type
3.2.1.2. Plant Protein Ingredients Market Analysis, by Type
3.2.1.3. Microbial Protein Ingredients Market Analysis, by Type
3.2.2. Protein Ingredients Market Analysis, by Form
3.2.3. Protein Ingredients Market Analysis, by Application
3.2.4. Protein Ingredients Market Regional Analysis
3.2.5. Competitive Landscape & Market Competitors
4. Market Insight
4.1. Introduction
4.2. Drivers
4.2.1. Growth of The Functional F&B Market
4.2.2. Advancement in Ingredient Technologies Such as Microencapsulation
4.2.3. Rising Demand for Livestock Products
4.2.4. Growing Demand for Protein-Rich Diet
4.3. Restraints
4.3.1. Fluctuating Raw Material Prices
4.3.2. High Cost of Protein Ingredients Such as Insect Protein and Algal Protein
4.4. Opportunities
4.4.1. Growing Potential of Insect and Microbial Proteins
4.4.2. Emerging Economies
4.4.3. Increasing Inclination Towards Vegan Diet
4.5. Trends
4.5.1. Lab Meat - New and Emerging Type of Protein
4.6. Challenges
4.6.1. Increasing Soy-Free and Gluten-Free Trends
5. Covid-19 Impact on The Protein Ingredients Market
6. Protein Ingredients Market, by Type
6.1. Introduction
6.2. Animal Protein
6.2.1. Dairy Protein
6.2.1.1. Whey Protein
6.2.1.2. Milk Protein
6.2.1.3. Casein and Caseinates
6.2.2. Egg Protein
6.2.3. Gelatin
6.2.4. Others Animal Protein
6.3. Plant Protein
6.3.1. Soy Protein
6.3.2. Wheat Protein
6.3.3. Pea Protein
6.3.4. Canola Protein
6.3.5. Potato Protein
6.3.6. Rice Protein
6.3.7. Corn Protein
6.3.8. Others Plant Protein
6.4. Insect Protein
6.5. Microbial Protein
6.5.1. Algae Protein
6.5.2. Fungi Protein
6.5.3. Others Microbial Protein
7. Protein Ingredients Market, by Form
7.1. Introduction
7.2. Dry
7.3. Liquid Form
8. Protein Ingredients Market, by Application
8.1. Introduction
8.2. Food and Beverages
8.3. Animal Feed
8.4. Nutrition and Health Supplements
8.5. Pharmaceuticals
8.6. Personal Care and Cosmetics
8.7. Other Applications
9. Protein Ingredients Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
11. Company Profiles
11.1. Cargill, Incorporated
11.2. Archer Daniels Midland Company
11.3. Dupont De Nemours and Company
11.4. Kerry Group Plc
11.5. Roquette Frères
11.6. Ingredion Incorporated
11.7. Arla Foods Amba
11.8. Fonterra Co-Operative Group Limited
11.9. Royal Friesland Campina N.V.
11.10. AMCO Proteins
11.11. Axiom Foods Inc.
11.12. Glanbia Plc
11.13. Gelita AG
11.14. Kewpie Corporation
11.15. Now Foods
11.16. Ÿnsect SAS
11.17. Enterra Feed Corporation
11.18. Protix B.V.
11.19. Entomo Farms
11.20. Innovafeed
11.21. Enviroflight, LLC
11.22. DIC Corporation
11.23. Taiwan Chlorella Manufacturing Company
11.24. Sun Chlorella Corporation
11.25. Tianjin Norland Biotech Co., Ltd.
11.26. E.I.D. - Parry (India) Limited
11.27. Algatechologies Ltd.
11.28. Mycotechnology Inc.
11.29. 3FBio Ltd.
11.30. FEBICO (Far East Bio-Tec. Co., Ltd.)
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Protein Ingredients Market Drivers: Impact Analysis (2021–2028)
Table 2 Global Protein Ingredients Market Restraints: Impact Analysis (2021–2028)
Table 3 Nominal Prices of Commodity in USD/Tonne from 2015-2020
Table 4 Overview of Startups in Lab Grown Meat Market
Table 5 Global Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 6 Global Animal Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 7 Global Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 8 Global Dairy Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 9 Global Dairy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 10 Whey Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 11 Milk Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 12 Casein and Caseinates Market Size, by Country/Region, 2019-2028 (USD Million)
Table 13 Egg Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 14 Gelatin Market Size, by Country/Region, 2019-2028 (USD Million)
Table 15 Other Animal Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 16 Global Plant Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 17 Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 18 Soy Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 19 Wheat Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 20 Pea Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 21 Canola Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 22 Potato Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 23 Rice Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 24 Corn Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 25 Other Plant Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 26 Insect Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 27 Global Microbial Protein Ingredients Market Size, by Type, 2019-2028 (USD Million)
Table 28 Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 29 Algae Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 30 Fungi Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 31 Other Microbial Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 32 Global Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 33 Dry Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 34 Liquid Protein Ingredients Market Size, by Country/Region, 2019-2028 (USD Million)
Table 35 Global Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 36 Protein Ingredients Market Size for Food and Beverages, by Country/Region, 2019-2028 (USD Million)
Table 37 Protein Ingredients Market Size for Animal Feed, by Country/Region, 2019-2028 (USD Million)
Table 38 Protein Ingredients Market Size for Nutrition and Health Supplements, by Country/Region, 2019-2028 (USD Million)
Table 39 Protein Ingredients Market Size for Pharmaceuticals, by Country/Region, 2019-2028 (USD Million)
Table 40 Protein Ingredients Market Size for Personal Care and Cosmetics, by Country/Region, 2019-2028 (USD Million)
Table 41 Protein Ingredients Market Size for Other Applications, by Country/Region, 2019-2028 (USD Million)
Table 42 Global Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 43 North America: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 44 North America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 45 North America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 46 North America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 47 North America: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 48 North America: Microbial Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 49 North America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 50 North America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 51 U.S.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 52 U.S.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 53 U.S.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 54 U.S.: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 55 U.S.: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 56 U.S.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 57 U.S.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 58 Canada: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 59 Canada: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 60 Canada: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 61 Canada: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 62 Canada: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 63 Canada: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 64 Canada: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 65 Europe: Protein Ingredients Market Size, by Country/Region, 2019–2028 (USD Million)
Table 66 Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 67 Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 68 Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 69 Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 70 Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 71 Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 72 Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 73 Germany: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 74 Germany: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 75 Germany: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 76 Germany: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 77 Germany: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 78 Germany: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 79 Germany: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 80 France: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 81 France: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 82 France: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 83 France: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 84 France: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 85 France: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 86 France: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 87 U.K.: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 88 U.K.: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 89 U.K.: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 90 U.K.: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 91 U.K.: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 92 U.K.: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 93 U.K.: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 94 Italy: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 95 Italy: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 96 Italy: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 97 Italy: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 98 Italy: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 99 Italy: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 100 Italy: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 101 Spain: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 102 Spain: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 103 Spain: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 104 Spain: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 105 Spain: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 106 Spain: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 107 Spain: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 108 Rest of Europe: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 109 Rest of Europe: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 110 Rest of Europe: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 111 Rest of Europe: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 112 Rest of Europe: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 113 Rest of Europe: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 114 Rest of Europe: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 115 Asia-Pacific: Protein Ingredients Market Size, by Country, 2019–2028 (USD Million)
Table 116 Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 117 Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 118 Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 119 Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 120 Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 121 Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 122 Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 123 China: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 124 China: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 125 China: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 126 China: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 127 China: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 128 China: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 129 China: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 130 Japan: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 131 Japan: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 132 Japan: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 133 Japan: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 134 Japan: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 135 Japan: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 136 Japan: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 137 India: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 138 India: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 139 India: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 140 India: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 141 India: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 142 India: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 143 India: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 144 Australia: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 145 Australia: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 146 Australia: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 147 Australia: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 148 Australia: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 149 Australia: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 150 Australia: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 151 Rest of Asia-Pacific: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 152 Rest of Asia-Pacific: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 153 Rest of Asia-Pacific: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 154 Rest of Asia-Pacific: Plant Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 155 Rest of Asia-Pacific: Microbial Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 156 Rest of Asia-Pacific: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 157 Rest of Asia-Pacific: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 158 Latin America: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 159 Latin America: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 160 Latin America: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 161 Latin America: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 162 Latin America: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 163 Latin America: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 164 Latin America: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 165 Middle East & Africa: Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 166 Middle East & Africa: Animal Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 167 Middle East & Africa: Dairy Protein Ingredients Market Size, by Type, 2019–2028 (USD Million)
Table 168 Middle East & Africa: Plant Protein Market Size, by Type, 2019–2028 (USD Million)
Table 169 Middle East & Africa: Microbial Protein Market Size, by Type, 2019–2028 (USD Million)
Table 170 Middle East & Africa: Protein Ingredients Market Size, by Form, 2019–2028 (USD Million)
Table 171 Middle East & Africa: Protein Ingredients Market Size, by Application, 2019–2028 (USD Million)
Table 172 Protein Ingredients Market: Recent Developments, by Company (2018-2021)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 The Animal Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 8 The Dairy Protein Segment is Expected to Account for the Largest Share of the Market in 2021
Figure 9 Pea Protein to Witness Significant Growth During the Forecast Period
Figure 10 Algae Protein Segment is Anticipated to Hold the Largest Share of the Market in 2021
Figure 11 The Dry Protein Segment is Estimated to Account for the Largest Share of the Market in 2021
Figure 12 The Food and Beverages Segment is Projected to Grow Fastest During the Forecast Period
Figure 13 Global Protein Ingredients Market Scenario, by Geography
Figure 14 Market Dynamics
Figure 15 Current Prices of Different Food Types, 2020
Figure 16 Leading Animal Protein Companies Investing in Lab Grown Competitors
Figure 17 Global Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 18 Global Animal Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 19 Global Dairy Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 20 Global Plant Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 21 Global Microbial Protein Ingredients Market Size, by Type, 2021-2028 (USD Million)
Figure 22 Global Protein Ingredients Market Size, by Form, 2021–2028 (USD Million)
Figure 23 Global Protein Ingredients Market Size, by Application, 2021–2028 (USD Million)
Figure 24 Global Protein Ingredients Market Size, by Region, 2021–2028 (USD Million)
Figure 25 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 26 Protein Ingredients Market: Competitive Benchmarking, by Type
Figure 27 Cargill, Incorporated: Financial Overview (2020)
Figure 28 Archer Daniels Midland Company: Financial Overview (2020)
Figure 29 Dupont De Nemours, Inc.: Financial Overview (2020)
Figure 30 Kerry Group: Financial Overview (2020)
Figure 31 Roquette Frères Le Romarin: Financial Overview (2020)
Figure 32 Ingredion Incorporated: Financial Overview (2020)
Figure 33 Arla Foods Amba: Financial Overview (2020)
Figure 34 Fonterra Co-Operative Group Limited: Financial Overview (2021)
Figure 35 Royal Friesland Campina N.V.: Financial Overview (2020)
Figure 36 Glanbia Plc: Financial Overview (2020)
Figure 37 Gelita AG: Financial Overview (2019)
Figure 38 Kewpie Corporation: Financial Overview (2020)
Figure 39 DIC Corporation: Financial Overview (2020)
Figure 40 E.I.D. – Parry (India) Limited: Financial Overview (2021)