Table of Content

1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 35
FIGURE 1 MARKET SEGMENTATION 35
1.4 REGIONS COVERED 36
1.5 YEARS CONSIDERED 36
1.6 UNITS CONSIDERED 37
1.6.1 CURRENCY UNIT 37
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 37
1.6.2 VOLUME UNIT 37
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 PROTEIN INGREDIENTS MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 40
2.1.1.1 Key data from secondary sources 40
2.1.2 PRIMARY DATA 40
2.1.2.1 Key data from primary sources 41
2.1.2.2 Breakdown of primaries 41
2.1.2.3 Key primary insights 42
2.2 MARKET SIZE ESTIMATION 43
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON SOURCES, BY REGION) 43
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 44
2.3 MARKET BREAKUP AND DATA TRIANGULATION 45
FIGURE 3 DATA TRIANGULATION 45
2.4 RECESSION IMPACT ANALYSIS 46
2.5 STUDY ASSUMPTIONS 46
2.6 STUDY LIMITATIONS AND RISK ASSESSMENT 47
3 EXECUTIVE SUMMARY 48
TABLE 2 PROTEIN INGREDIENTS MARKET SNAPSHOT, 2022 VS. 2028 48
FIGURE 4 PROTEIN INGREDIENTS MARKET SIZE, BY SOURCE, 2023 VS. 2028 (USD MILLION) 49
FIGURE 5 PROTEIN INGREDIENTS MARKET SIZE, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 49
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FIGURE 6 PROTEIN INGREDIENTS MARKET SIZE, BY FORM, 2023 VS. 2028 (USD MILLION) 50
FIGURE 7 PROTEIN INGREDIENTS MARKET SHARE (VALUE), BY REGION, 2022 50
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES IN PROTEIN INGREDIENTS MARKET 52
FIGURE 8 RISING CONSUMER HEALTH AWARENESS AND DEMAND FOR MEAT AND MEAT ALTERNATIVES TO DRIVE MARKET 52
4.2 EUROPE: PROTEIN INGREDIENTS MARKET, BY SOURCE AND COUNTRY (2022) 53
FIGURE 9 ANIMAL SOURCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE AMONG PROTEIN INGREDIENTS SOURCES 53
4.3 PROTEIN INGREDIENTS MARKET, BY SOURCE 53
FIGURE 10 ANIMAL SOURCE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 53
4.4 PROTEIN INGREDIENTS MARKET, BY APPLICATION 54
FIGURE 11 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 54
4.5 PROTEIN INGREDIENTS MARKET, BY FORM 54
FIGURE 12 DRY FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MACROECONOMIC INDICATORS 55
5.2.1 INCREASE IN RETAIL SALES 55
FIGURE 13 RETAIL AND FOOD SERVICE SALES IN US (BILLION USD) 56
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING REGIONS 56
FIGURE 14 GDP GROWTH RATE IN ASIAN COUNTRIES, 2020–2021 56
5.3 MARKET DYNAMICS 57
FIGURE 15 MARKET DYNAMICS 57
5.3.1 DRIVERS 57
5.3.1.1 Increasing demand for proteins as nutritional and functional ingredients post COVID-19 57
5.3.1.2 Rising demand for livestock products 58
5.3.1.3 Growing demand for personal and healthcare products 58
5.3.2 RESTRAINTS 59
5.3.2.1 Ban on plant proteins of GM origin 59
5.3.2.2 Cultural restriction on gelatin consumption 59
5.3.2.3 Allergies associated with plant-based protein sources 59
5.3.3 OPPORTUNITIES 60
5.3.3.1 Growing potential of dairy and plant proteins 60
5.3.3.2 Demand for plant-based protein from growing vegan population 60
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5.3.4 CHALLENGES 61
5.3.4.1 Concerns over quality of food & beverages due to adulteration of GM ingredients 61
5.3.4.2 Economic constraints related to processing capacity of pea protein 61
6 INDUSTRY TRENDS 62
6.1 INTRODUCTION 62
6.2 VALUE CHAIN 62
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 63
6.2.2 RAW MATERIAL SOURCING 63
6.2.3 PRODUCTION AND PROCESSING 63
6.2.4 DISTRIBUTION 63
6.2.5 MARKETING & SALES 63
FIGURE 16 VALUE CHAIN ANALYSIS 64
6.3 TECHNOLOGY ANALYSIS 64
6.3.1 CARBON DIOXIDE-BASED PROTEIN INGREDIENTS 64
6.3.2 RECOMBINANT TECHNOLOGY FOR COLLAGEN PRODUCTION 65
6.3.3 EXTRUSION 65
6.4 PRICING ANALYSIS 65
6.4.1 AVERAGE SELLING PRICE, BY SOURCE 65
FIGURE 17 GLOBAL: AVERAGE SELLING PRICE, BY SOURCE 66
TABLE 3 SOY: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONS) 66
TABLE 4 WHEAT: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONS) 66
TABLE 5 PEA: AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONS) 67
6.5 MARKET MAPPING AND ECOSYSTEM 67
6.5.1 MARKET MAPPING OF ECOSYSTEM 67
6.5.1.1 Demand side 67
6.5.1.2 Supply side 67
FIGURE 18 PROTEIN INGREDIENTS: MARKET MAP 68
TABLE 6 PROTEIN INGREDIENTS MARKET: SUPPLY CHAIN (ECOSYSTEM) 68
FIGURE 19 PROTEIN INGREDIENTS: ECOSYSTEM MAPPING 69
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 69
FIGURE 20 REVENUE SHIFT FOR PROTEIN INGREDIENTS MARKET 70
6.7 PATENT ANALYSIS 70
FIGURE 21 NUMBER OF PATENTS GRANTED BETWEEN 2013 TO 2022 70
FIGURE 22 TOP TEN INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 71
FIGURE 23 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 71
TABLE 7 PATENTS PERTAINING TO PROTEIN INGREDIENTS, 2021–2023 71
6.8 TRADE ANALYSIS 72
6.8.1 PEPTONES AND THEIR DERIVATIVES (2021) 72
TABLE 8 TOP TEN IMPORTERS AND EXPORTERS OF PEPTONES AND THEIR DERIVATIVES, 2021 (KG) 72
6.8.2 GELATIN (2021) 73
TABLE 9 TOP TEN IMPORTERS AND EXPORTERS OF GELATIN, 2021 (KG) 73
6.8.3 SOYBEAN (2021) 73
TABLE 10 TOP TEN IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG) 73
6.8.4 PEA (2021) 74
TABLE 11 TOP TEN IMPORTERS AND EXPORTERS OF PEA, 2021 (KG) 74
6.8.5 WHEAT AND MESLIN (2021) 74
TABLE 12 TOP TEN IMPORTERS AND EXPORTERS OF WHEAT AND MESLIN, 2021 (USD THOUSAND) 74
6.9 KEY CONFERENCES AND EVENTS, 2023–2024 75
TABLE 13 KEY CONFERENCES AND EVENTS IN PROTEIN INGREDIENTS MARKET, 2023–2024 75
6.10 TARIFF AND REGULATORY LANDSCAPE 75
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
6.11 PORTER’S FIVE FORCES ANALYSIS 78
TABLE 17 PROTEIN INGREDIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 78
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 78
6.11.2 BARGAINING POWER OF SUPPLIERS 78
6.11.3 BARGAINING POWER OF BUYERS 79
6.11.4 THREAT OF SUBSTITUTES 79
6.11.5 THREAT OF NEW ENTRANTS 79
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 79
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY TYPES 80
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES (%) 80
6.12.2 BUYING CRITERIA 80
TABLE 19 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 80
FIGURE 25 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 81
6.13 CASE STUDIES 81
TABLE 20 GELITA AG: COLLAGEN FOR LEAN MUSCLE 81
TABLE 21 ADM: SPICED APPLE DRINKABLE YOGURT 81
7 PROTEIN INGREDIENTS MARKET, BY SOURCE 82
7.1 INTRODUCTION 83
FIGURE 26 ANIMAL SOURCE TO DOMINATE MARKET FROM 2023 TO 2028 (USD MILLION) 84
TABLE 22 PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 84
TABLE 23 PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 84
7.2 ANIMAL SOURCE 85
7.2.1 DIVERSE FLAVOR AND NUTRITION-RICH PROFILE TO DRIVE DEMAND FOR PROTEIN INGREDIENTS 85
TABLE 24 ANIMAL SOURCE: PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 85
TABLE 25 ANIMAL SOURCE: PROTEIN INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 85
TABLE 26 ANIMAL SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 86
TABLE 27 ANIMAL SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 86
7.2.2 DAIRY PROTEIN INGREDIENTS 86
TABLE 28 DAIRY PROTEIN: PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 86
TABLE 29 DAIRY PROTEIN: PROTEIN INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 87
7.2.2.1 Milk Protein 87
7.2.2.1.1 MPC 87
7.2.2.1.2 Milk protein isolates 87
7.2.2.1.3 Milk protein hydrolysates 87
TABLE 30 MILK PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 31 MILK PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 88
7.2.2.2 Whey Protein 88
7.2.2.2.1 Whey protein concentrate 88
7.2.2.2.2 Whey protein isolates 89
TABLE 32 WHEY PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 89
TABLE 33 WHEY PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 89
7.2.2.3 Casein & caseinates 90
TABLE 34 CASEIN & CASEINATES PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 90
TABLE 35 CASEIN & CASEINATES PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 90
7.2.3 EGG PROTEIN 90
TABLE 36 EGG PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 91
TABLE 37 EGG PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 91
7.2.4 COLLAGEN 91
TABLE 38 COLLAGEN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 39 COLLAGEN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 92
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7.3 PLANT SOURCE 92
7.3.1 CONSUMER INCLINATION TOWARD FOOD SUSTAINABILITY AND CONCERN ABOUT ANIMAL CRUELTY TO DRIVE DEMAND 92
TABLE 40 PLANT SOURCE: PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 93
TABLE 41 PLANT SOURCE: PROTEIN INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 93
TABLE 42 PLANT SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 43 PLANT SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 94
7.3.2 SOY 94
TABLE 44 SOY PROTEIN: PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2022 (USD MILLION) 94
TABLE 45 SOY PROTEIN: PROTEIN INGREDIENTS MARKET, BY TYPE, 2023–2028 (USD MILLION) 95
TABLE 46 SOY PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 47 SOY PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 95
7.3.3 WHEAT 96
TABLE 48 WHEAT PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 96
TABLE 49 WHEAT PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 96
7.3.4 PEA 97
TABLE 50 PEA PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 97
TABLE 51 PEA PROTEIN: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 97
7.3.5 OTHER SOURCES 98
TABLE 52 OTHER SOURCES: OTHER PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 98
TABLE 53 OTHER SOURCES: OTHER PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 99
7.4 INSECT SOURCE 99
7.4.1 RISING DEMAND FOR ALTERNATIVE PROTEIN TO DRIVE MARKET 99
TABLE 54 INSECT SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 100
TABLE 55 INSECT SOURCE: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 100
7.5 MICROBIAL SOURCE 100
7.5.1 SUSTAINABLE AND EFFICIENT PRODUCTION PROCESS TO DRIVE DEMAND 100
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8 PROTEIN INGREDIENTS MARKET, BY FORM 101
8.1 INTRODUCTION 102
FIGURE 27 DRY INGREDIENTS SUB-SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION) 102
TABLE 56 PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 102
TABLE 57 PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 102
8.2 DRY 103
8.2.1 LONGER SHELF LIFE, CONSISTENT MOUTH FEEL AND TEXTURE, AND EASE OF USE IN RECIPES TO DRIVE DEMAND 103
TABLE 58 DRY FORM: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 59 DRY FORM: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 103
8.3 LIQUID 104
8.3.1 EASY BLEND-ABILITY AND GROWING DEMAND FOR RTD BEVERAGES AND INFANT NUTRITION TO INCREASE DEMAND 104
TABLE 60 LIQUID FORM: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 61 LIQUID FORM: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 104
9 PROTEIN INGREDIENTS MARKET, BY APPLICATION 105
9.1 INTRODUCTION 106
FIGURE 28 PROTEIN INGREDIENTS MARKET SIZE, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 106
TABLE 62 PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 107
TABLE 63 PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 107
9.2 FOOD & BEVERAGES 107
9.2.1 CONSUMER SHIFT TOWARD HEALTHY AND NUTRITIVE LIFESTYLES TO DRIVE MARKET 107
TABLE 64 FOOD & BEVERAGES APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 108
TABLE 65 FOOD & BEVERAGES APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 109
TABLE 66 FOOD & BEVERAGES APPLICATION: PROTEIN INGREDIENTS MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION) 109
TABLE 67 FOOD & BEVERAGES APPLICATION: PROTEIN INGREDIENTS MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION) 109
9.2.2 MEAT & MEAT ALTERNATIVES 110
TABLE 68 MEAT & MEAT ALTERNATIVES: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 110
TABLE 69 MEAT & MEAT ALTERNATIVES: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 110
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9.2.3 DAIRY & DAIRY ALTERNATIVES 111
TABLE 70 DAIRY & DAIRY ALTERNATIVES: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 71 DAIRY & DAIRY ALTERNATIVES: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.2.4 BAKERY PRODUCTS 112
TABLE 72 BAKERY PRODUCTS: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 73 BAKERY PRODUCTS: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 112
9.2.5 PERFORMANCE NUTRITION 113
TABLE 74 PERFORMANCE NUTRITION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 75 PERFORMANCE NUTRITION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 114
9.2.6 CONVENIENCE FOODS 114
TABLE 76 CONVENIENCE FOODS: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 77 CONVENIENCE FOODS: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 115
9.2.7 OTHER FOOD APPLICATIONS 115
TABLE 78 OTHER FOOD APPLICATIONS: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 79 OTHER FOOD APPLICATIONS: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
9.3 FEED 116
9.3.1 RISING DEMAND FOR LIVESTOCK PRODUCTS TO FUEL DEMAND FOR PROTEIN INGREDIENTS IN FEED INDUSTRY 116
TABLE 80 FEED APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 81 FEED APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 117
TABLE 82 PET FOOD APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 83 PET FOOD APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 118
9.4 COSMETICS & PERSONAL CARE PRODUCTS 118
9.4.1 FUELING DEMAND FOR COSMETIC PRODUCTS DUE TO HIGH STRESS ON PERSONAL GROOMING TO DRIVE MARKET 118
FIGURE 29 BIFURCATION OF COSMETICS AND PERSONAL CARE PRODUCT SEGMENTS, MARKET SHARE (%) 119
TABLE 84 COSMETICS & PERSONAL CARE PRODUCTS APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 85 COSMETICS & PERSONAL CARE PRODUCTS APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 119
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9.5 PHARMACEUTICALS 120
9.5.1 INCREASING NUMBER OF AGED POPULATION WORLDWIDE TO BOOST MARKET GROWTH 120
TABLE 86 PHARMACEUTICALS APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 87 PHARMACEUTICALS APPLICATION: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 121
10 PROTEIN INGREDIENTS MARKET, BY REGION 122
10.1 INTRODUCTION 123
FIGURE 30 PROTEIN INGREDIENTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 124
TABLE 88 PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 89 PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 125
10.2 MACRO INDICATORS OF RECESSION 125
FIGURE 31 INDICATORS OF RECESSION 125
FIGURE 32 WORLD INFLATION RATE: 2011–2021 126
FIGURE 33 GLOBAL GDP: 2011–2021 (USD TRILLION) 127
FIGURE 34 GLOBAL FOOD INGREDIENTS MARKET: EARLIER FORECAST VS RECESSION FORECAST 128
FIGURE 35 RECESSION INDICATORS AND THEIR IMPACT ON PROTEIN INGREDIENTS MARKET 129
FIGURE 36 GLOBAL PROTEIN INGREDIENTS MARKET: EARLIER FORECAST VS RECESSION FORECAST 129
10.3 NORTH AMERICA 130
10.3.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 130
FIGURE 37 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 131
FIGURE 38 NORTH AMERICA PROTEIN INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 132
TABLE 90 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 133
TABLE 91 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 92 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 133
TABLE 93 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 133
TABLE 94 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 134
TABLE 95 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 134
TABLE 96 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 134
TABLE 97 NORTH AMERICA: PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 134
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10.3.2 US 135
10.3.2.1 Consumer inclination toward protein-rich products due to rising prevalence of chronic diseases to propel market growth 135
TABLE 98 US: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 135
TABLE 99 US: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 136
10.3.3 CANADA 136
10.3.3.1 Booming food and beverage industry and strengthening insect protein sector to boost market 136
TABLE 100 CANADA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 137
TABLE 101 CANADA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 137
10.3.4 MEXICO 137
10.3.4.1 Strong food industry and surging meat exports to boost market 137
TABLE 102 MEXICO: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 138
TABLE 103 MEXICO: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 138
10.4 EUROPE 138
10.4.1 EUROPE: RECESSION IMPACT ANALYSIS 138
FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 139
FIGURE 40 EUROPE PROTEIN INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 139
FIGURE 41 EUROPE: PROTEIN INGREDIENTS MARKET SNAPSHOT 140
TABLE 104 EUROPE: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 141
TABLE 105 EUROPE: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 141
TABLE 106 EUROPE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 141
TABLE 107 EUROPE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 142
TABLE 108 EUROPE: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 142
TABLE 109 EUROPE: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
TABLE 110 EUROPE: PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 142
TABLE 111 EUROPE: PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 143
10.4.2 GERMANY 143
10.4.2.1 Rise in penetration of collagen and increasing consumption of plant-based food to drive market 143
TABLE 112 GERMANY: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 143
TABLE 113 GERMANY: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 144
10.4.3 FRANCE 144
10.4.3.1 Government initiatives for producing insect and plant-based protein and growing cosmetic industry to boost market 144
TABLE 114 FRANCE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 145
TABLE 115 FRANCE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 145
10.4.4 UK 145
10.4.4.1 Increased health awareness and high dairy products consumption to drive market 145
TABLE 116 UK: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 146
TABLE 117 UK: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 146
10.4.5 ITALY 146
10.4.5.1 Dominant position in pharmaceutical sector and rising consumer preference for plant-based proteins to boost market 146
TABLE 118 ITALY: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 147
TABLE 119 ITALY: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 147
10.4.6 SPAIN 147
10.4.6.1 High sales of collagen-based food supplements and meat alternatives to propel market 147
TABLE 120 SPAIN: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 148
TABLE 121 SPAIN: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 148
10.4.7 REST OF EUROPE 148
TABLE 122 REST OF EUROPE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 148
TABLE 123 REST OF EUROPE: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 149
10.5 ASIA PACIFIC 149
10.5.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 149
FIGURE 42 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 149
FIGURE 43 ASIA PACIFIC PROTEIN INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 150
TABLE 124 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 151
TABLE 125 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 151
TABLE 126 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 152
TABLE 127 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 152
TABLE 128 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 152
TABLE 129 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 153
TABLE 130 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 153
TABLE 131 ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 153
10.5.2 CHINA 153
10.5.2.1 Increasing application in infant nutrition to drive market 153
TABLE 132 CHINA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 154
TABLE 133 CHINA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 154
10.5.3 INDIA 154
10.5.3.1 Well-established dairy protein industry to support market growth 154
TABLE 134 INDIA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 155
TABLE 135 INDIA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 155
10.5.4 JAPAN 156
10.5.4.1 Global partnerships and agreements to influence protein ingredients market 156
TABLE 136 JAPAN: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 156
TABLE 137 JAPAN: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 156
10.5.5 AUSTRALIA & NEW ZEALAND 157
10.5.5.1 Investment activities in protein ingredients to drive market 157
TABLE 138 AUSTRALIA & NEW ZEALAND: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 157
TABLE 139 AUSTRALIA & NEW ZEALAND: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 158
10.5.6 REST OF ASIA PACIFIC 158
TABLE 140 REST OF ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 158
TABLE 141 REST OF ASIA PACIFIC: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 159
10.6 SOUTH AMERICA 159
10.6.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 159
FIGURE 44 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 159
FIGURE 45 SOUTH AMERICA PROTEIN INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 160
FIGURE 46 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET SNAPSHOT 161
TABLE 142 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 161
TABLE 143 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 162
TABLE 144 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 162
TABLE 145 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 162
TABLE 146 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 163
TABLE 147 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 163
TABLE 148 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 163
TABLE 149 SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 163
10.6.2 BRAZIL 164
10.6.2.1 Growing soybean production, animal meat exports, and popularity of insect protein to boost market 164
TABLE 150 BRAZIL: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 164
TABLE 151 BRAZIL: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 164
10.6.3 ARGENTINA 165
10.6.3.1 Increasing demand for bovine-sourced collagen to drive market 165
TABLE 152 ARGENTINA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 165
TABLE 153 ARGENTINA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 165
10.6.4 REST OF SOUTH AMERICA 165
TABLE 154 REST OF SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 166
TABLE 155 REST OF SOUTH AMERICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 166
10.7 ROW 166
10.7.1 ROW: RECESSION IMPACT ANALYSIS 166
FIGURE 47 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 167
FIGURE 48 ROW PROTEIN INGREDIENTS MARKET: RECESSION IMPACT ANALYSIS 167
TABLE 156 ROW: PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2022 (USD MILLION) 168
TABLE 157 ROW: PROTEIN INGREDIENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 168
TABLE 158 ROW: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 168
TABLE 159 ROW: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 168
TABLE 160 ROW: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 169
TABLE 161 ROW: PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 169
TABLE 162 ROW: PROTEIN INGREDIENTS MARKET, BY FORM, 2019–2022 (USD MILLION) 169
TABLE 163 ROW: PROTEIN INGREDIENTS MARKET, BY FORM, 2023–2028 (USD MILLION) 170
10.7.2 AFRICA 170
10.7.2.1 Surge in cases of malnutrition to drive demand for protein ingredients 170
TABLE 164 AFRICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 170
TABLE 165 AFRICA: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 170
10.7.3 MIDDLE EAST 171
10.7.3.1 Rising incidences of obesity and diabetes to fuel demand for protein-rich food 171
TABLE 166 MIDDLE EAST: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2019–2022 (USD MILLION) 171
TABLE 167 MIDDLE EAST: PROTEIN INGREDIENTS MARKET, BY SOURCE, 2023–2028 (USD MILLION) 171
11 COMPETITIVE LANDSCAPE 172
11.1 OVERVIEW 172
11.2 MARKET SHARE ANALYSIS, 2021 172
TABLE 168 GLOBAL PROTEIN INGREDIENTS MARKET: DEGREE OF COMPETITION (COMPETITIVE) 173
11.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 173
FIGURE 49 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD MILLION) 173
11.4 KEY PLAYER STRATEGIES 174
TABLE 169 STRATEGIES ADOPTED BY KEY PROTEIN INGREDIENTS MANUFACTURERS 174
11.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 177
11.5.1 STARS 177
11.5.2 EMERGING LEADERS 177
11.5.3 PERVASIVE PLAYERS 178
11.5.4 PARTICIPANTS 178
FIGURE 50 GLOBAL PROTEIN INGREDIENTS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS) 178
11.6 PRODUCT FOOTPRINT 179
TABLE 170 COMPANY SOURCE FOOTPRINT 179
TABLE 171 COMPANY APPLICATION FOOTPRINT 180
TABLE 172 COMPANY REGIONAL FOOTPRINT 181
TABLE 173 OVERALL COMPANY FOOTPRINT 182
11.7 GLOBAL PROTEIN INGREDIENTS MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2021 183
11.7.1 PROGRESSIVE COMPANIES 183
11.7.2 STARTING BLOCKS 183
11.7.3 RESPONSIVE COMPAN