Growing Potential of Dairy and Plant Proteins to Create Attractive Opportunities in the Protein Ingredients Market

The Protein Ingredients Market size was estimated to be valued at USD 52.5 billion in 2020. It is projected to reach USD 70.7 billion by 2025, recording a CAGR of 6.1%, in terms of value. The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as nutrition and functional ingredients.
Opportunities: Growing potential of dairy and plant proteins
There is a huge growth potential for the global market, especially dairy and plant proteins. Dairy protein possesses a wide range of functional properties, including thickening & emulsification, gelling, foaming, heat stabilization, and flavor/color development. Its high nutritional quality and versatile, functional properties enable its usage in dairy desserts, nutritional beverages, ice cream, yogurt, spreads, confectionery, and baked goods.

In the plant protein market, the demand for soy proteins is projected to grow in the coming years, owing to the proactive positioning of soy as a sustainable food/protein source, low level of consumer awareness of non-soy protein, and cost advantages. Furthermore, given the high-protein content in soy, as compared to any other plant source, the popularity of soy among the vegan population is likely to boost the consumer inclination toward soy proteins.

Leading companies are Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US), FrieslandCampina (Netherlands), Fonterra Co-operative Group Limited (New Zealand), Arla Foods (Denmark), Roquette (France), Gelita AG (Germany), Kewpie Corporation (Japan), AGRANA (Austria), AMCO Proteins (US), Hilmar Ingredients (US), Axiom Foods (US), Burcon Nutrascience (Canada), Rousselot (Netherlands), Foodchem International Corporation (China), A&B Ingredients (US), and Reliance Private Label Supplements (US).

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