Increasing consumption of protein powder, which is required for muscle building, as well as rising demand for plant-based protein, are projected to drive protein ingredient market expansion. Increasing demand for new-born nutrition products due to increased knowledge of the health advantages of infant feeding is likely to drive protein ingredient market growth. Gastric and digestive difficulties linked with high protein consumption are expected to impede protein ingredient market growth. High protein intake may result in Gas formation, stomach pains, and bloating. These are significant constraints impeding market expansion. Additionally, a lack of understanding of non-soy plant proteins is expected to have a negative influence on market growth.
According to Coherent Market Insights, Global Protein Ingredients Market was valued at US$ 40.8 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.6% during the forecast period (2022 to 2030).
Prominent Players in the Protein Ingredients Industry:
1. DuPont Nutrition & Biosciences
DuPont Nutrition & Biosciences develops, produces, and markets food and beverage ingredients, enzymes and bio-based solutions. The company was founded in 1989. Headquartered in Copenhagen, Denmark. The company is acquired by Hygeina.
2. Archer Daniels Midland Company
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
3. Cargill Inc.
The company was founded in 1869, headquartered in Minneapolis. It is producer of agriculture products and provider of financial services to serve farmers, producers, manufacturers, retailers, governments and others. The company's products include grains and oilseeds and provide farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food and industrial products
4. Glanbia plc
Glanbia plc operates as a nutrition company worldwide. It operates a portfolio of brands, including Optimum Nutrition, BSN, Isopure, Nutramino, SlimFast, think!, Amazing Grass, Body & Fit, and LevlUp brands. Glanbia plc was founded in 1964 and is headquartered in Kilkenny, Ireland.
5. Kerry Group plc
Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers taste and nutrition solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Taste & Nutrition and Dairy Ireland. Kerry Group plc was founded in 1972 and is headquartered in Tralee, Ireland. In March 2022, Kerry Group, a taste and nutrition company opened the US $137 million food manufacturing facility in Rome, Georgia. It is a newly upgraded facility which is aimed to provide integrated taste and nutrition solutions.
6. Arla Food Ingredients
The company was founded in 2000, headquartered in Denmark. It is producer of food and nutritional products. The company's food and nutritional products include pediatric, sports nutrition, health food and dairy, enabling the consumers to keep them healthy and fit by consuming healthy ingredients. In October 2021, Arla Food Ingredients launched pure BLG (beta-lactoglobulin) under the new protein category for medical nutrition and sports nutrition
7. Davisco Foods International
The company was founded in 1943, it is producer of dairy ingredients and products based in Le Sueur, Minnesota. The company is engaged in the production and processing of cheese and dairy ingredients.
8. Burcon NutraScience
Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. , the company offers Nutratein-PS and Nutratein-TZ, a blend of Peazac pea protein; and CLARISOY, a soy protein for use in sports nutrition beverages, citrus-based drinks, fruit-flavored beverages, lemonades, powdered beverage mixes, and other foods and nutritional products. The company was incorporated in 1998 and is headquartered in Vancouver, Canada. In July 2022, Burcon NutraScience Corp partnered with its joint venture company, Merit Functional Foods Corporation, to launch Peazazz C pea protein, a new protein ingredient for foods and beverages.
More Insights:
Fruits and vegetable Ingredient Industry
*Definition- Protein is a macronutrient chemical molecule that is essential for muscular growth. Protein may be derived from both plants and animals. Vegetables (soy, pea), eggs, wheat, milk, and animal tissue are major sources of protein components.
