The market is predicted to amount to US$46.8 billion by 2025. Some of the prominent trends that the market is witnessing include increasing consumer focus on healthier food products, growing research and development in protein ingredients, and recent technological advancements in the protein ingredients industry.
Consumers have been turning to products containing protein as dietary protein is more satiating, promotes less energy intake and has higher energy expenditure than fat or carbohydrate, with the exception of fibre. Proteins also provide eight essential amino acids—which are crucial in muscle growth, prevention of muscle tissue breakdown and mental health.
Based on product type, the market is categorised into animal protein and plant protein. Animal protein is classified into gelatin, egg protein, and dairy protein; and plant protein is segmented into wheat protein, vegetable protein, and soy protein.
Based on ingredient application, the market is categorised into infant formulations, pharmaceuticals, cosmetics and personal care, animal feed, and food and beverages. The food and beverages segment is further sub-categorised into bakery and snacks, beverages, breakfast cereals, dairy products, meat and meat products, protein and nutritional bars, and supplements and nutritional powders.