Asia Pacific Protein Ingredients Market Size & Outlook
Asia Pacific protein ingredients market, 2018-2030 (US$M)
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Asia Pacific protein ingredients market highlights
- The Asia Pacific protein ingredients market generated a revenue of USD 11,257.4 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 11,257.4 million |
| Market revenue in 2030 | USD 17,138.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Animal/dairy protein |
| Fastest growing segment | Insect Protein |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 22.5% of the global protein ingredients market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,138.2 million by 2030.
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 71.14% in 2023. Horizon Databook has segmented the Asia Pacific 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 Asia Pacific is expected to register the fastest growth globally, owing to growing exports and domestic production of protein-rich products. The industrial growth of end-use markets of food, healthcare, and cosmetics in Japan, China, India, and South Korea has led to increasing domestic demand for protein ingredients. China is one of the largest producers of animal & plant protein due to the easy availability of raw materials.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific protein ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific protein ingredients market size, by country, 2018-2030 (US$M)
Asia Pacific Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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