ANZ Protein Ingredients Market Size & Outlook, 2023-2030
ANZ protein ingredients market, 2018-2030 (US$M)
Related Markets
ANZ protein ingredients market highlights
- The ANZ protein ingredients market generated a revenue of USD 796.2 million in 2023 and is expected to reach USD 1,165.1 million by 2030.
- The ANZ market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, animal/dairy protein was the largest revenue generating product in 2023.
- Insect Protein is the most lucrative product segment registering the fastest growth during the forecast period.
Protein ingredients market data book summary
| Market revenue in 2023 | USD 796.2 million |
| Market revenue in 2030 | USD 1,165.1 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Animal/dairy protein |
| Fastest growing segment | Insect Protein |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Protein, Animal/Dairy Protein, Microbe-based Protein, Insect Protein |
| Key market players worldwide | DuPont de Nemours Inc, Archer-Daniels Midland Co, Burcon NutraScience Corp, Tessenderlo Group NV, Kewpie Corp, The Scoular Company, CHS Inc Pref Share, Reckitt Benckiser Group PLC, Suedzucker AG, Bunge Global SA, Cargill, Ingredion Inc, Kerry Group PLC Class A, Givaudan SA, Tate & Lyle PLC, Puris, Koninklijke DSM NV, Glanbia PLC, NutriPea, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, ANZ accounted for 1.6% of the global protein ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China protein ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,291.7 million by 2030.
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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ANZ protein ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein ingredients market will help companies and investors design strategic landscapes.
Animal/dairy protein was the largest segment with a revenue share of 68.51% in 2023. Horizon Databook has segmented the ANZ protein ingredients market based on plant protein, animal/dairy protein, microbe-based protein, insect protein covering the revenue growth of each sub-segment from 2018 to 2030.
The population of Australia has become increasingly aware of the health benefits offered by protein-rich products. This is expected to strengthen the demand for protein ingredients in the country over the forecast period.
Growing expenditure on health-enhancing products owing to increased awareness about physical fitness and surged participation of people in sports activities in Australia is anticipated to fuel the demand for protein ingredients in the country over the forecast period.
A rising number of sports events being held at a domestic level in the country, including the Big Bash Cricket League, the Professional Rugby League, and the Australian Lawn Tennis Open, is expected to promote the importance of nutritional supplements among sportspersons.
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Target buyers of ANZ protein ingredients market databook
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Our clientele includes a mix of protein ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the ANZ protein ingredients market , including forecasts for subscribers. This country databook contains high-level insights into ANZ protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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ANZ protein ingredients market size, by product, 2018-2030 (US$M)
ANZ Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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