Protein Market Size, Share, Growth Analysis, By Type (Natural Protein A, Recombinant Protein A), By Product (Agarose-based Protein A, Organic Polymer-based Protein A), By End Users (Pharmaceuticals and Biopharmaceuticals Companies, Academic Research Institutes), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG35H2290 |
Region:
Global |
Published Date: November, 2024
Pages:
182
|Tables:
0
|Figures:
0
Protein Market Insights
Global Protein Market size was valued at USD 1.4 Billion in 2022 and is poised to grow from USD 1.49 Billion in 2023 to USD 2.24 Billion by 2031, growing at a CAGR of 6.49% in the forecast period (2024-2031).
Manufacturers are using rice protein and oil-based proteins in new formulations. Increasing government support for plant-based proteins is also contributing to the growth of the market in North America. For example, the Canadian government is focused on commercializing plant-based innovations for the food, animal feed, water and agricultural industries. In June 2020, the Canadian prime minister announced that he would withdraw from the U.S. $100 million to Merit Functional Foods, a manufacturer of alternative animal proteins. The company will use the money to build its manufacturing plant in Canada.
Moreover, increasing demand for fortified products, plant-based protein sources, more stable and the long-lasting products has increased the consumption of protein in sports nutrition and supplements. The manufacturing processes influence the quality of protein ingredients and end products, such as protein bars, protein powders, and beverages.
Some proteins, such as wheat gluten and hemp, are associated with a starchy, bitter, and distinctive aroma. There have been significant developments in manufacturing processes on the market to address this issue and extract tetrahydrocannabinol (THC) from marijuana seeds. Applied Food Sciences has improved the process for extracting protein from hemp seeds by adding a new step. The outer shell of the cannabis seed is removed to produce a bitter tasteless substance associated with marijuana.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
To get more reports on the above market click here to Buy The Report
Protein Market Segmental Analysis
The global protein market is segmented based on source, product, application, end-user, and region. Based on application, the market is segmented into antibody purification and immunoprecipitation. Based on type, the protein market is segmented as natural protein A, recombinant protein A. Based on product, the market is segmented as agarose-based protein A, glass/silica-based protein A, organic polymer-based protein A. Based on source, the market is segmented into animal, casein and caseinates, collagen, egg protein, gelatin, insect protein, milk protein, whey protein, other animal protein, microbial, algae protein, mycoprotein, plant, hemp protein, oat protein, pea protein, rice protein, potato protein, wheat protein, soy protein, other plant protein. Based on end-user, the market is segmented into animal feed, personal care and cosmetics, food and beverages, bakery, beverages, breakfast cereals, condiments/sauces, confectionery, dairy and dairy alternative products, meat/poultry/seafood and alternative meat products, Rte/Rtc food products, snacks, supplements, baby food and infant formula, elderly nutrition and medical nutrition, sport/performance nutrition, pharmaceutical & biopharmaceutical companies, academic research institutes, others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis by Product
Based on product, the protein market is segmented as agarose-based protein A, glass/silica-based protein A, organic polymer-based protein A. The agarose-based protein A segment held a notable share of the market in 2023 and will continue to lead in the future as well owing to high binding capacity and better stability. Agarose-based resins provide outstanding binding for antibodies, increasing their preference and effectiveness for wide-ranging purification process. They also offer better physical and chemical stability, which is essential for continuous applications and long operational lifespan in biomanufacturing.
On the other hand, the organic polymer-based Protein A segment is expected to grow considerably over the estimated period due to its high chemical stability. These resins usually hold brilliant mechanical and chemical stability, enabling much better cleaning and regeneration processes with no major degradation. Organic polymer-based resins also offer optimal binding capacities than other forms, enhancing antibody purification efficiency. They also offer low leakage, helping in gaining high purity levels in the product.
Analysis by End-Users
The pharmaceutical & biopharmaceutical companies segment registered a significant market share in the past years and is expected to lead over the forecast period as well owing to the growing demand for biologics and large-scale production. The biopharma and pharmaceutical companies are the leading biologics producers, comprising monoclonal antibodies and other proteins that need protein A resins for quality purification. These companies operate on a larger scale, demanding high-performance and high-capacity protein A resin to meet the growing needs of production.
Conversely, the academic research institutes segment is projected to gain a notable market share over the estimated period owing to increased use in trials and the growing number of research activities. The academic research institutes prominently use protein A resins in experiments for diverse applications like small scale purification, protein characterization, and more. They are largely engaged in applied and basic research, comprising the antibody development, analysis on protein interaction, and purification techniques, thus fueling the demand for these resins.
To get detailed analysis on other segments, Request For Free Sample Report
Protein Market Regional Insights
North America is the dominating region and is expected to lead over the forecast period owing to its strong biopharmaceutical industry along with several established companies and a greater concentration of biomanufacturing services. Regional growth is also impacted by improved research and development, resulting in major improvements in technology and growing adoption rates. Moreover, growing investments in healthcare and biotechnology, comprising funding for production and development of drugs are aiding the market growth in the region. The leading players operating in the region include Thermo Fisher Scientific, GE Healthcare Life Sciences (now Cytiva), Bio-Rad Laboratories, MilliporeSigma, Pall Corporation, and more.
Asia Pacific is the fastest-growing region in the global protein market due to the improved manufacturing proficiencies. The region is growing due to its improved manufacturing facilities and specialization in chromatography technologies, which helps the production of quality protein A resins, this the regional growth. In addition, strict regulatory norms for biopharmaceuticals confirm that high-performing protein A resins adhere to the stringent safety and quality protocols. Also, the rising focus on personalized medicine and biologics is driving the regional market growth.
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Protein Market Dynamics
Drivers
Improvements in Biotechnology
- Constant advances in protein A resin technologies like chemical stability, binding capacity, and easy use, make them attractive and highly effective for wide-ranging production. Moreover, developments and novel techniques in chromatography like automated systems and high throughput are enhancing efficiency, mainly in the biomanufacturing processes. These factors are propelling the growth of the Protein Market.
Growth of Autoimmune and Chronic Illnesses
- The growing inclination towards targeted therapies and personalized medicine is supporting the escalated use of protein A resins since these treatments mostly need high-purity proteins. Hence the growing demand for personalized medicine is fueling market growth. Also, the rising incidences of autoimmune disorders and chronic diseases is surging the demand for better therapeutic antibodies and biologics. This ultimately demands protein A resins for manufacturing.
Restraints
Limited Lifespan of Resins
- Resins witness degradation over the years, this impeding its use. Resins may lose efficiency or degrade after several uses. Essentially, if not cleaned with proper measures or regenerated, it may restrict the lifespan and need multiple replacements, which could impact their use and sustainability. Also, over the period, they may also witness low binding capacity, affecting sustainability and cost.
Sustainability Issues May Hinder Market Growth
- The disposal and manufacturing of those resins may additionally effect the surroundings extensively. The pressure to undertake greater sustainable practices is growing, and resins that aren't eco-friendly may additionally witness marketplace and regulatory demanding situations. Also, the use and extraction of the uncooked substances may also growth issues approximately the resource sustainability and depletion, using the want for more environment-pleasant substitutes.
Request Free Customization of this report to help us to meet your business objectives.
Protein Market Competitive Landscape
The global protein market is a highly competitive global market driven by a large number of international competitors. Key players in the industry focus on expanding their product range, increasing productivity, and adopting new technologies to meet the growing demand for protein products. Animal-based proteins are dominated by traditional companies such as Tyson Foods, Cargill and JBS. These players leverage their established global distribution networks and strong manufacturing capabilities to maintain leadership in the meat and dairy protein market. But they are increasingly facing sustainability challenges and ethical concerns, pushing them to invest in new protein solutions as part of their development strategy.
Top Player’s Company Profiles
- DuPont de Nemours Inc.
- Archer Daniels Midland Company
- Kerry Group PLC
- Fonterra Co-operative Group Limited
- Royal FrieslandCampina NV
- GE Healthcare
- Merck Millipore
- PerkinElmer, Inc.
- GenScript Biotech Corp.
- Agilent Technologies
- Repligen Corp.
- Thermo Fisher Scientific Inc.
- Bio-Rad Laboratories, Inc.
- Abcam PLC.
- Novasep Holdings SAS
- Pall Corporation
- Sartorius AG
- Tosoh Bioscience
- Celerion
- Jubilant Biosys
Recent Developments
- February 2021: NZMP, Fonterra's dairy products business, launched a new protein product that delivers 10% more protein than other standard whey protein offerings.
- February 2021: DuPont's Nutrition and Biosciences and ingredient company IFF announced their 2021 merger Combined company work as IFF Continued. The supplement division gives the company a leadership position in a variety of products including soy protein.
- September 2021: ADM launched Acron T textured pea proteins, namely, Prolite MeatTEX textured wheat protein and Prolite MeatXT non-textured wheat proteins. These highly functional proteins provide the texture and stability of meat substitutes.
Protein Key Market Trends
- Enhanced Resin Design and Chemistry: Novel protein A resin is particularly designed to offer high binding abilities, enabling budget-friendly and efficient antibody purification. Modernizations in resin matrix and ligand chemistry are the key contributors to this advancement. The launch of highly stable ligands that tolerate regeneration conditions and rough cleaning improves the performance and durability of resins. Current research is also discovering non-conventional ligands that provide comparable binding features, for decreased reliance on conventional resins.
- Automation and High-Throughput: The incorporation of protein A resins in automated systems for process development and high-throughput screening is gaining traction and demand. This trend is improving consistency and efficiency in antibody purification. Moreover, enhanced analytical techniques are actively being used to maximize and monitor the protein A resin performance, resulting in better product quality and process control.
Protein Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the protein market is being driven by factors like increasing focus on cost reduction, growing cases of autoimmune and chronic illnesses, and growth of the biologics sector. However, the factors restraining the growth of the market include operational and technical issues, concerns regarding sustainability, and easy access to substitutes. North America is predicted to lead the market owing to the presence of established market players, heavy investment in healthcare, and a strict regulatory environment. Nonetheless, the market is poised to grow considerably in the coming years due to opportunities like the growing integration with digital technologies, increased focus on chronic diseases, and rising number of partnerships and collaborations.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.4 Billion |
| Market size value in 2031 | USD 2.24 Billion |
| Growth Rate | 6.49% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Protein Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Protein Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Protein Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Protein Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Protein Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
