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Report Overview

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.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • As per industry reports, the human population size is expected to reach 9 billion by 2050, thereby accelerating the demand for protein market.
  • In October 2023, Cargill launched its first ‘European Protein Innovation Hub’ in France to produce more protein-rich food products and to promote sustainable poultry farming.
  • In 2020, USD 18.9 billion worth of protein supplements were sold worldwide.

Compound Annual Growth Rate

Value in USD Billion

5.1%

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%

Global Protein Market Growth

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.

Key Trends and Developments

Global Protein Market Trends

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.

Global Protein Industry Segmentation

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:

  • Animal
    • Casein and Caseinates
    • Collagen
    • Gelatin
    • Insect Protein
    • Milk Protein
    • Whey Protein
    • Egg Protein
    • Others
  • Plant
    • Hemp Protein
    • Pea Protein
    • Rice Protein
    • Soy Protein
    • Wheat Protein
    • Others
  • Microbial
    • Algae Protein
    • Mycoprotein

Market Breakup by End User:

  • Animal Feed
  • Food and Beverages
  • Personal Care and Cosmetics
  • Supplements
    • Baby Food and Infant Formula
    • Elderly Nutrition and Medical Nutrition
    • Sport/Performance Nutrition

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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%

Global Protein Market Share

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.

Leading Companies in the Protein Market

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.

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

Glanbia Plc was founded in 1997 and is headquartered in Kilkenny, Ireland. It specialises in the pro...

Ingredion Inc.

Ingredion Inc. was founded in 1906 and is headquartered in Westchester, Illinois. As per protein mar...

Bunge Global SA

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.*

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Key Questions Answered in the Report

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.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Source
  • End-User
  • Region
Breakup by Source
  • Animal
  • Plant
  • Microbial
Breakup by End-User
  • Animal Feed
  • Food and Beverages
  • Personal Care and Cosmetics
  • Supplements
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Ingredion Inc.
  • Others

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