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The protein ingredients market share is expected to increase by USD 25.76 billion from 2021 to 2026 at a CAGR of 9.66%. This report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.
The protein ingredients market research report extensively covers market segmentation by the following:
The market vendors studied and compiled in this report include Archer Daniels Midland Co., Axiom Foods Inc., Burcon NutraScience Corp., Cargill Inc., CHS Inc., Darling Ingredients Inc., Farbest-Tallman Foods Corp., Fonterra Co-Operative Group Ltd, Igenza, Kewpie Corp., Mead Johnson and Co. LLC, Perfect Day Inc., Proeon, Protera, Roquette Freres SA, Rousselot (M) SDN. BHD., Sotexpro, The Peterson Company, Victory Hemp Foods, Ynsect SAS, and DuPont de Nemours Inc. among others.
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The growing infant formula market is notably driving the protein ingredients market growth, although factors such as highly fragmented market may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the protein ingredients industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Protein Ingredients Market Driver
Key Protein Ingredients Market Trend
Key Protein Ingredients Market Challenge
This protein ingredients market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global protein ingredients market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the protein ingredients market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the protein ingredients market encompasses successful business strategies deployed by the key vendors. The protein ingredients market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The protein ingredients market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the protein ingredients market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from Europe during the forecast period. UK, Germany, and France are the key markets for protein ingredients in Europe. However, market growth in this region will be slower than the growth of the market in other regions.
The growing demand for high nutritional products such as sports nutrition products and functional foods will facilitate the protein ingredients market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 led to serious medical, social, and economic challenges across the region. The medical community is focused on developing successful diagnostic and medical treatments. Furthermore, social distancing and other measures taken by the regional governments limited the number of people who work together in small areas. Thus, the decline in the regional animal protein market growth in 2020 was mainly due to the major impact of the COVID-19 pandemic. Gradually, as the restrictions of the government measures are relaxed, owing to the reduction in the number of COVID-19 cases due to mass vaccination drives and several strict measures such as social distancing, the market for animal protein will witness a slight incremental growth during the forecast period.
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The protein ingredients market share growth by the animal-based protein segment will be significant during the forecast period. It is expected that due to the increased incidence of diseases in animals, the raw products are sometimes harmful to consume so there will be more scope for innovation with animal protein ingredients in the near future. This will drive the growth of this market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the protein ingredients market size and actionable market insights on the post-COVID-19 impact on each segment.
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Protein Ingredients Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.66% |
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Market growth 2022-2026 |
$25.76 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.35 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 37% |
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Key consumer countries |
US, China, Japan, UK, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Archer Daniels Midland Co., Axiom Foods Inc., Burcon NutraScience Corp., Cargill Inc., CHS Inc., Darling Ingredients Inc., Farbest-Tallman Foods Corp., Fonterra Co-Operative Group Ltd, Igenza, Kewpie Corp., Mead Johnson and Co. LLC, Perfect Day Inc., Proeon, Protera, Roquette Freres SA, Rousselot (M) SDN. BHD., Sotexpro, The Peterson Company, Victory Hemp Foods, Ynsect SAS, and DuPont de Nemours Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Source
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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