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The global protein market size reached around USD 28.40 Billion in 2024. The market is projected to grow at a CAGR of 5.10% between 2025 and 2034 to reach nearly USD 46.70 Billion by 2034.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2025-2034
Protein Market Outlook
*this image is indicative*
Global Protein Market Report Summary | Description | Value |
Base Year | USD Billion | 2024 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 28.40 |
Market Size 2034 | USD Billion | 46.70 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 5.10% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 5.9% |
CAGR 2025-2034 - Market by Country | India | 6.7% |
CAGR 2025-2034 - Market by Country | Canada | 5.8% |
CAGR 2025-2034 - Market by Source | Plant | 5.7% |
CAGR 2025-2034 - Market by End-User | Food and Beverages | 5.6% |
Market Share by Country 2024 | Japan | 4.3% |
The consumption of fresh dairy products worldwide is expected to increase by 1% annually by 2029. India is the world’s largest producer of milk (192 million tons), followed by the European Union (137 million tons), the USA (101 million tons), and New Zealand (22 million tons). Australia (9 million tons) and Argentina (11 million tons) are other major milk producing countries in the world. With growing awareness of health benefits of fresh food consumption, the consumption of milk and dairy-based products is expected to rise significantly, thereby driving the protein market value.
Furthermore, as per the USA’s Dietary Reference Intake (DRI), 0.8 grams of protein per kilogram of body must be consumed by an average adult to prevent protein deficiency. However, the region of Africa recorded only a 31% increase in protein consumption between 1961 and 2013, which is substantially lower than the growth recorded in other regions, such as in the Caribbean (46%) and Asia (64%). This can be attributed to the low protein supply in the region (69.10 g/capita/day). Today, around 30% of the African population is food insecure and nearly 234 million people are chronically undernourished. This is expected to present exciting protein market opportunities for protein food manufacturers in the region, thereby facilitating market expansion over the forecast period.
Growth of poultry farming in Africa; increasing demand for microbial proteins; soaring appeal for insect protein; and the rising demand for protein in the USA is expected to drive the protein market value over the forecast period.
The growth of Africa’s middle-class population, coupled with its shift towards protein-rich diets has boosted the consumption of eggs among people. This is expected to drive the development of poultry farming industry and contribute to protein market expansion.
As the demand for alternative and sustainable forms of proteins rises the demand for insect proteins is expected to favourably impact the market growth over the forecast period.
As per the protein market analysis, by substituting 20% of ruminant meat consumption with microbial protein, global annual deforestation rates can be reduced by 50%. Moreover, microbial proteins do not require excessive land and water resources, which makes them a sustainable option.
In 2020, the retail sales of protein supplements in the United States reached USD 9 billion. This can be attributed to the increasing awareness of the health impacts of protein consumption.
The continent of Africa accounts for 17.2% of the world’s population and 4.1% of worldwide egg consumption, with average per capita consumption being 44 eggs annually. However, rising awareness of enhancing protein intake is leading to a change in people’s dietary habits. For instance, between 2010 and 2020, the total consumption of eggs in Rwanda surged by 67%. Besides, in 2020, Ghana witnessed a record-high increase in egg production, which reached 51.5 kilotons. By 2029, the demand for eggs is expected to record a double-digit growth, thereby favouring the protein market outlook.
The EMR’s report titled “Global Protein Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Source:
Market Breakup by End User:
Market Breakup by Region:
CAGR 2025-2034 - Market by | Country |
India | 6.7% |
Canada | 5.8% |
China | 5.6% |
Germany | 5.0% |
Italy | 4.3% |
USA | XX% |
UK | XX% |
France | XX% |
Japan | 3.5% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 5.9% because of rapid urbanisation and increasing rate of population growth in countries such as India. Moreover, the introduction of plant-based protein snacking options is expected to fuel the market growth over the forecast period.
Major players are entering into a strategic partnership with small start ups engaged in developing novel protein sources to cater to the increasing demand for cultured protein. This is expected to favour the protein market revenue over the forecast period.
Wilmar International Ltd. was founded in 1991 and is headquartered in Singapore. It specialises in the production of grains and oilseeds, consumer products, fertilisers, and specialty fats, among others.
Glanbia Plc was founded in 1997 and is headquartered in Kilkenny, Ireland. It specialises in the pro...
Ingredion Inc. was founded in 1906 and is headquartered in Westchester, Illinois. As per protein mar...
Bunge Global SA was founded in 1818 and is headquartered in Missouri, United States. It is engaged i...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players included in the protein market report are Archer-Daniels-Midland Co., Arla Foods AmbA, Cargill Inc., Kerry Group Plc, Royal FrieslandCampina NV, and Südzucker AG, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2024, the market reached an approximate value of USD 28.40 Billion.
The market is projected to grow at a CAGR of 5.10% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 46.70 Billion by 2034.
Key trends aiding the market expansion are growth of poultry farming in Africa, increasing demand for microbial proteins, soaring appeal for insect protein, and the rising demand for protein in the USA.
The different end users of protein in the market are animal feed, food and beverages, personal care and cosmetics, and supplements.
The different types of protein in the market are animal, plant, and microbial.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key market players are Archer-Daniels-Midland Co., Arla Foods AmbA, Cargill Inc., Glanbia Plc, Kerry Group Plc, Bunge Global SA, Wilmar International Ltd., Royal FrieslandCampina NV, Südzucker AG, and Ingredion Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by End-User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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