Protein Ingredients Market worth $121.53 billion by 2031- Exclusive Report by MarketsandMarkets

DELRAY BEACH, Fla., June 9, 2026 /PRNewswire/ -- According to MarketsandMarkets, the protein ingredients market is projected to grow from USD 83.14 billion in 2026 and to reach USD 121.53 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period.

Protein Ingredients Market Size & Forecast

• Market Size Available for Years: 2022–2031
• 2026 Market Size: USD 83.14 billion
• 2031 Projected Market Size: USD 121.53 billion
• CAGR (2026–2031): 7.9%

Protein Ingredients Market Trends & Insights:

• The protein ingredients market growth is driven by factors such as the increasing demand for protein functionalities, awareness about healthy diet & nutritional food, new technological development in the protein ingredients industry, growth in demand for superior personal care and healthcare products, and increased in consumption of animal by-products, which are in turn supported by the economic growth, technological advancements, and consumer preference for functional products.
• Europe accounted for the largest share (33.3%) in 2025 due to high demand for meat and meat alternatives products.
• By source, the plant-based segment is projected to grow at a CAGR of 8% from 2026 to 2031, owing to the growth in consumer preferences toward veganism and growing interest in health-centric food and beverages.
• By application, the food & beverages segment dominated the market because of the high consumption of food and demand, particularly for the dairy and bakery segments. Additionally, the prevalence of lactose intolerance is one of the prime factors fueling the demand for the plant-based food segment.
• By form, the dry segment is experiencing a surge in market demand due to several key factors. Dry protein ingredients have a longer shelf life than their liquid counterparts. They reduce waste and improve convenience for retailers and consumers.

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