In 2022, the global protein market was valued at over 27.5 billion U.S. dollars. The market is forecast to value around 47.4 billion U.S. dollars by 2030.

Plant based food market

Food items within the plant based food market are made of soy, wheat, and vegetables, and can be expressed in different ways. In the United States, the largest driver of plant based food sales are milk alternatives. In 2019, milk alternatives generated more in sales than all other plant based food categories (such as meat, cheese, and yogurt alternatives) combined. That year, the plant based food market within the United States was reported to value 5 billion U.S. dollars, and saw significantly higher growth that year compared to all other food retail. In Europe and Russia, the plant based food market was projected to double its value between 2013 and 2022 to almost 15 billion Euros.

Plant based food demand/consumption worldwide

In recent years, the plant based food market has seen a significant increase in global demand due to the changing dietary preferences amongst Western consumers. Reasons cited by American and European consumers seeking plant based food say that they want a healthier diet, less dependence on animal products, and a more sustainable lifestyle. In 2019, more than half of respondents in the United States had tried a plant-based „meat“. However, not all consumers are willing to replace meat entirely with plant based alternatives.

The United States Protein Market is segmented by Source (Animal, Microbial, Plant) and by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

The Protein Market is segmented by Source (Animal, Microbial, Plant), by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

The global plant based protein market size reached USD 16.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.55% during 2025-2033. The rising popularity of sustainable food sources, along with the growing number of hotels, restaurants, cafes, etc., which are incorporating plant-based protein to curate various food items in their menus, is primarily driving the global market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 16.9 Billion
Market Forecast in 2033	USD 29.9 Billion
Market Growth Rate (2025-2033)	6.55%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on source, type, nature, and application.

The India Protein Market is segmented by Source (Animal, Microbial, Plant) and by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.

The pea protein market size is predicted to reach $1.5 billion in 2024 to $5.59 billion by 2035, growing at a CAGR of 12.71% from 2024 to 2035.

The global whey protein market size is expected to reach USD 17.94 billion by 2032 according to a new study by Polaris Market Research

According to Cognitive Market Research, the global Whey protein market size will be USD 5569.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 2227.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1670.76 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1280.92 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 278.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 111.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The concentrates held the highest Whey protein market revenue share in 2024.

Market Dynamics of Whey protein Market

Key Drivers for Whey protein Market

Advancements in protein processing to increase the demand globally

Advancements in protein processing have significantly boosted global demand for whey protein. Innovations such as advanced filtration techniques, including microfiltration and ultrafiltration, enhance the purity and quality of whey protein, producing higher protein content with fewer impurities. Improvements in hydrolysis technology create more digestible and bioavailable whey protein hydrolysates, catering to individuals with specific dietary needs. Additionally, the development of novel processing methods that preserve the functional and nutritional properties of whey protein drives consumer preference. These technological strides not only ensure superior product quality but also expand application versatility, fueling increased global adoption and market growth.

Growing fitness and health awareness to propel market growth

Growing fitness and health awareness is a major driver of market growth for whey protein. As more individuals prioritize health and wellness, there is increased demand for supplements that support muscle recovery, enhance performance, and aid in weight management. Fitness enthusiasts and athletes are turning to whey protein for its high-quality protein content and beneficial amino acid profile. This shift towards healthier lifestyles and preventive health measures is prompting greater consumption of whey protein products. Furthermore, increased awareness about the benefits of protein in maintaining overall health and achieving fitness goals is propelling the global market for whey protein.

Restraint Factor for the Whey protein Market

High cost of premium products to limit the sales

The high cost of premium whey protein products can significantly limit sales, particularly in price-sensitive markets. Premium whey protein isolates and hydrolysates, while offering superior purity and effectiveness, come at a higher price point compared to concentrates and lower-grade options. This elevated cost can deter budget-conscious consumers and limit product accessibility. In regions with lower disposable incomes, the price disparity between premium and economy options can restrict market penetration and growth. Consequently, the high cost of premium products creates a barrier for widespread adoption, potentially hindering overall sales and limiting the market reach of high-end whey protein offerings.

Impact of Covid-19 on the Whey protein Market

The COVID-19 pandemic had a negative impact on the whey protein market, disrupting supply chains and causing shortages of key raw materials. Lockdowns and restrictions led to factory closures and delays in production, affecting product availability and distribution. Consumer spending shifted towards essential items, reducing demand for non-essential supplements like whey protein. Additionally, the economic uncertainty and job losses during the pandemic resulted in tighter budgets, leading many to cut back on premium health products. These factors collectively dampened market growth and created challenges for both manufacturers and consumers in the whey protein sector....

This statistic shows the market size of the whey protein market from 2022 to 2032. In 2022, the global whey protein market was valued at approximately 19.6 billion U.S. dollars and is forecast to reach 40.3 billion U.S. dollars by 2032.

The updated edition of the market analysis signifies a worth of US$ 1,009.66 million for the silk protein market in 2024. Trends denote a prospective intensification in sales of silk protein products, estimated to be worth US$ 1,777.28 million by 2034. This forecast evinces a CAGR of 5.80% from 2024 to 2034.

Attributes	Details
Market Value for 2024	US$ 1,009.66 million
Market Value for 2034	US$ 1,777.28 million
Market CAGR from 2024 to 2034	5.80%

Emerging Opportunities in Silk Protein Industry

Attributes	Details
Market Value for 2019	US$ 794.32 million
Market CAGR from 2019 to 2023	5.41%

Category-wise Outlook

Segment	Sericin
Share (2024)	74.50%

Segment	Skin Care
Share (2024)	21.50%

Country-wise Analysis

Country	United States
CAGR (2024 to 2034)	5.70%

Country	India
CAGR (2024 to 2034)	5.30%

Country	Germany
CAGR (2024 to 2034)	5.10%

Country	Japan
CAGR (2024 to 2034)	4.60%

Country	China
CAGR (2024 to 2034)	3.90%

The Algae Proteins Market is expected to witness significant expansion between 2025 and 2035, driven by the growing demand for plant-based and sustainable protein alternatives across multiple industries. The market is projected to be valued at USD 884.0 million in 2025 and is anticipated to reach USD 1,538.9 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.7% throughout the forecast period.

Metric	Value
Industry Size (2025E)	USD 884.0 million
Industry Value (2035F)	USD 1,538.9 million
CAGR (2025 to 2035)	5.7%

Country wise Outlook

Country	CAGR (2025 to 2035)
USA	5.5%

Country	CAGR (2025 to 2035)
UK	5.3%

Country	CAGR (2025 to 2035)
European Union	5.9%

Country	CAGR (2025 to 2035)
Japan	5.4%

Country	CAGR (2025 to 2035)
South Korea	5.6%

Competitive Outlook

Company Name	Estimated Market Share (%)
Corbion	15-20%
Cyanotech Corporation	12-16%
Roquette Frères	10-14%
Fermentalg	8-12%
Allmicroalgae	6-10%
Other Companies (combined)	35-45%

The difficult to express protein market is expected to ascend at a CAGR of 8.5% from 2024 to 2034, as per Future Market Insights’ report. The industry value is projected to increase from USD 4,576.9 million in 2024 to USD 10.3 billion by 2034. The sector was valued at USD 4,218.4 million at the end of 2023.

Attributes	Key Insights
Historical Size, 2023	USD 4,218.4 million
Estimated Size, 2024	USD 4,576.9 million
Projected Size, 2034	USD 10.3 billion
Value-based CAGR (2024 to 2034)	8.5%

Semi Annual Market Update

Particulars	Value CAGR
H1	9.7% (2023 to 2033)
H2	9.2% (2023 to 2033)
H1	8.5% (2024 to 2034)
H2	8.1% (2024 to 2034)

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
India	9.6%
Spain	4.9%
Canada	4.6%
The United States	2.6%

Category-wise Insights

Protein Type	Membrane Protein
Value Share (2024)	31.55%

Expression of Difficult Protein	Membrane Protein Expression
Value Share (2024)	38.2%

The size and share of the market is categorized based on Application (Functional Food, Nutrition) and Product (Soy Protein, Pea Protein, Wheat Protein, Rice Protein) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Theinsect protein marketis anticipated to grow from a 2023 value of US$ 602.3 million to a 2033 value at a CAGR of 17.7%. The global market is expected to be worth US$ 3.1 billion by 2033.

Attributes	Details
Insect Protein Market CAGR (From 2023 to 2033)	17.7%
Insect Protein Market Size (2022)	US$ 510.4 million
Insect Protein Market Size (2023)	US$ 602.3 million
Insect Protein Market Size (2033)	US$ 3.1 billion
Global Market Absolute Dollar Growth (US$ million/billion)	US$ 2.5 billion

Segmentation Outlook

Attributes	Details
Top Insect Type	Caterpillars
CAGR % 2017 to 2022	18.1%
CAGR % 2023 to End of Forecast (2033)	21.8%

Attributes	Details
Top Form	Powder
CAGR % 2017 to 2022	14.6%
CAGR % 2023 to End of Forecast (2033)	15.4%

Regional Outlook

Country	United States
HCAGR (From 2017 to 2022)	21.1%
CAGR (From 2023 to 2033)	20.6%

Country	United Kingdom
HCAGR (From 2017 to 2022)	22.7%
CAGR (From 2023 to 2033)	23.6%

Country	China
HCAGR (From 2017 to 2022)	11.3%
CAGR (From 2023 to 2033)	11.9%

Country	Japan
HCAGR (From 2017 to 2022)	9.2%
CAGR (From 2023 to 2033)	9.5%

Country	South Korea
HCAGR (From 2017 to 2022)	10.5%
CAGR (From 2023 to 2033)	9.8%

Attributes	Details
United States Insect Protein Market Size (US$ million/ billion) by the end of Forecast Period (2033)	US$ 1.1 billion
United States Insect Protein Market Absolute Dollar Growth (US$ million/ billion)	US$ 954.9 million

Attributes	Details
United Kingdom Insect Protein Market Size (US$ million/ billion) by the end of Forecast Period (2033)	US$ 300.8 million
United Kingdom Insect Protein Market Absolute Dollar Growth (US$ million/ billion)	US$ 264.6 million

Attributes	Details
China Insect Protein Market Size (US$ million/ billion) by the end of Forecast Period (2033)	US$ 129.0 million
China Insect Protein Market Absolute Dollar Growth (US$ million/ billion)	US$ 86.9 million

Attributes	Details
Japan Insect Protein Market Size (US$ million/ billion) by the end of Forecast Period (2033)	US$ 61.7 million
Japan Insect Protein Market Absolute Dollar Growth (US$ million/ billion)	US$ 36.7 million

Attributes	Details
South Korea Insect Protein Market Size (US$ million/ billion) by the end of Forecast Period (2033)	US$ 35.5 million
South Korea Insect Protein Market Absolute Dollar Growth (US$ million/ billion)	US$ 21.5 million

Get detailed insights into the current valuation of Plant Based Protein market size, including growth analysis, current market status and future market projections.

The wheat protein market size was estimated to be US$ 3.4 billion in 2023, with total wheat protein revenue predicted to expand at a 5.3% CAGR from 2023 to 2033, anticipated to be reaching about US$ 5.7 billion.

Report Attribute	Details
Wheat Protein Market Value (2023)	US$ 3.4 billion
Wheat Protein Market Anticipated Value (2033)	US$ 5.7 billion
Wheat Protein Market Growth Rate (2023 to 2033)	5.3% CAGR

A Glimpse of Country-wise Insights

Country	United States
CAGR (2017 to 2022)	3.6%
Valuation (2023 to 2033)	US$ 729.0 million

Country	United Kingdom
CAGR (2017 to 2022)	5.4%
Valuation (2023 to 2033)	US$ 531.6 million

Country	China
CAGR (2017 to 2022)	5.5%
Valuation (2023 to 2033)	US$ 738.0 million

Country	Japan
CAGR (2017 to 2022)	4.0%
Valuation (2023 to 2033)	US$ 230.9 million

Country	India
CAGR (2017 to 2022)	5.7%
Valuation (2023 to 2033)	US$ 426.6 million

The market size of the Functional Protein Market is categorized based on Type (Whey Protein, Casein Protein, Pea Protein) and Application (Sports Nutrition, Dietary Supplements, Functional Foods) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Product (Whey Protein, Casein Protein, Egg Protein, Soy Protein, Pea Protein) and Application (Sports Nutrition, Health Supplements, Infant Nutrition, Animal Feed, Personal Care) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The North America Dairy Protein Market would witness market growth of 4.4% CAGR during the forecast period (2024-2031). The US market dominated the North America Dairy Protein Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,39

According to Cognitive Market Research, the global Functional Proteins market will be USD 5.1 billion in 2024 and expand at a compound annual growth rate (CAGR) of 4.99% from 2024 to 2031. Market Dynamics of Functional Proteins Market

Key Drivers for Functional Proteins Market

Sports Nutrition Market- One of the main reasons the Functional Proteins market is increasingly seeking protein-rich products to support muscle recovery, performance enhancement, and overall health. Functional proteins, such as whey, casein, and plant-based proteins, are integral to sports nutrition formulations due to their complete amino acid profiles and bioavailability. With the growing popularity of protein supplements, protein-enriched snacks, and meal replacements among active individuals, the demand for functional proteins continues to rise, fostering market expansion in the sports nutrition industry..
The increasing consumer demand for plant-based and sustainable protein sources is anticipated to drive the Functional Proteins market's expansion in the years ahead.

Key Restraints for Functional Proteins Market

Market expansion for functional proteins is hampered by regulatory barriers for novel ingredients, which poses a severe threat to the functional proteins sector.
Growth in the functional protein market is restricted by high production costs regarding data security and privacy.

Introduction of the Functional Proteins Market

Functional Proteins include increasing consumer awareness and requests for health and wellness products, along with advancements in food processing technologies. Functional proteins, such as whey protein, collagen peptides, and plant-based proteins, are valued for their nutritional benefits, including muscle repair, weight management, and overall well-being. The rise in fitness trends and dietary preferences, such as vegan and gluten-free diets, further propel the demand for functional proteins in sports nutrition, dietary supplements, and functional foods. Moreover, technological innovations in protein extraction, purification, and formulation techniques enhance the bioavailability and functionality of proteins, expanding their application in diverse industries. As consumers seek sustainable and nutritious food options, the functional proteins market continues to grow, driven by these evolving trends and innovations.