North America Protein Ingredients Market to Reach US$ 27.9 Billion by 2032, Propelled by the Increasing Product Consumption Among Health Conscious Consumers

October 21, 2022 | Food & Beverages

The latest report by IMARC, titled “North America Protein Ingredients Market Report by Product Type (Animal Proteins, Plant Proteins), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Animal Feed), and Country 2024-2032”, finds that the North America protein ingredients market size reached US$ 14.9 Billion in 2023. Protein ingredients refer to elements possessing numerous amino acids needed to maintain the protein levels in human beings. These ingredients assist in minimizing muscle loss with aging, enhancing physical strength, regulating weight, and mitigating the risk of chronic diseases. Appropriate consumption of proteins aids in managing stress, reducing hunger and body fat, and enhancing immunity. Protein ingredients are derived from plants and animals. Plant-based proteins are obtained from wheat, canola, soy, rice, and pea, whereas meat-based proteins are obtained from gelatin, fish, egg, meat, and milk. As compared to plant-based proteins, animal-based proteins possess a better nutritional profile. In recent years, protein ingredients have gained momentum due to their utilization in the production of dietary supplements and other food products, including bakery, dairy, infant formula, and beverages.

North America Protein Ingredients Market Trends:

One of the primary factors driving the market is the increasing number of health-conscious consumers and rising prevalence of obesity and diabetes among senior citizens. Additionally, the utilization of protein ingredients in various industry verticals, including personal care, cosmetics, healthcare, and pharmaceutical industries, is creating a positive market outlook. Other than this, the growing health consciousness across the region has resulted in the increasing demand for protein-rich dietary supplements, ready meals, and sports nutrition products. Besides this, the longer shelf life of protein ingredients is propelling market growth. Moreover, key players are introducing numerous product variants that are easy to cook and can be consumed on the go to increase their consumer base and gain a competitive edge in the market. Looking forward, IMARC Group expects the market value to reach US$ 27.9 Billion by 2032, expanding at a CAGR of 7% during the forecast period (2024-2032).

Market Summary:

  • Based on the product type, the market has been divided into animal proteins (egg protein, whey protein, gelatin, casein, milk protein concentrates/isolates), and plant proteins (wheat, soy, pea, and other proteins).
  • On the basis of the application, the market has been divided into food and beverages, personal care and cosmetics, pharmaceuticals, and animal feed. 
  • Region-wise, the market has been classified into the United States and Canada.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Country
Countries Covered United States, Canada
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Protein Ingredients Market to Reach US$ 27.9 Billion by 2032, Propelled by the Increasing Product Consumption Among Health Conscious Consumers
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