Europe Protein Ingredients Market Size & Outlook
Europe protein ingredients market, 2018-2030 (US$M)
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Europe protein ingredients market highlights
- The Europe protein ingredients market generated a revenue of USD 15,705.9 million in 2023.
- The 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 15,705.9 million |
| Market revenue in 2030 | USD 22,995.9 million |
| Growth rate | 5.6% (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, Europe region accounted for 31.4% 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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Europe 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 66.41% in 2023. Horizon Databook has segmented the Europe 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 increasing use of proteins in the food and healthcare industry is predicted to fuel the demand for protein ingredients in Europe over the next few years. In terms of volume and revenue, animal/dairy protein was the largest segment of the protein ingredients market in the European region in 2021 owing to the rising consumption of milk proteins and egg proteins in food applications.
Increasing R&D expenditure by various companies on the development of protein ingredients from various sources in Europe is expected to indirectly fuel the animal & plant protein market over the projected period.
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Our clientele includes a mix of protein ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe protein ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Europe protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe protein ingredients market size, by country, 2018-2030 (US$M)
Europe Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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