Italy Protein Ingredients Market Size & Outlook, 2023-2030
Italy protein ingredients market, 2018-2030 (US$M)
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Italy protein ingredients market highlights
- The Italy protein ingredients market generated a revenue of USD 1,815.5 million in 2023 and is expected to reach USD 2,571.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.1% 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 1,815.5 million |
| Market revenue in 2030 | USD 2,571.0 million |
| Growth rate | 5.1% (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, Italy accounted for 3.6% 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 Europe, Germany protein ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 5,746.7 million by 2030.
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Protein Ingredients Market Scope
Protein Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 66.87% in 2023. Horizon Databook has segmented the Italy 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.
Italy is expected to grow at the highest CAGR over the forecast period in the European protein ingredients market, which can be attributed to the rising demand for alternative protein products in the country. Plant-based meat and dairy alternatives made from vegetable proteins are gaining traction in Italy, thus supporting the consumption of plant proteins.
For instance, in February 2021, Foods For Tomorrow S.L. launched Heura meat-free products in Italy due to increasing consumer demand. New product developments by plant-based food manufacturers are expected to increase the demand for protein ingredients used in these products, thus supporting the growth of the protein ingredients market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy protein ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Italy protein ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy protein ingredients market size, by product, 2018-2030 (US$M)
Italy Protein Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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