United Kingdom Protein Ingredients Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Plant Protein, Animal/Dairy Proteins, Microbe Protein, and Others), By Application (Food & Beverages, Feed, Cosmetics & Personal Care Products, and Pharmaceuticals), and United Kingdom Protein Ingredients Market Insights, Industry Trend, Forecasts to 2033
Industry: Consumer GoodsUnited Kingdom Protein Ingredients Market Insights Forecasts to 2033
- The United Kingdom Protein Ingredients Market Size was Valued at USD 1.65 Billion in 2023.
- The United Kingdom Protein Ingredients Market Size is Growing at a CAGR of 11.15% during the forecast period 2023 to 2033
- The United Kingdom Protein Ingredients Market Size is Anticipated to Reach USD 4.75 Billion by 2033
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The United Kingdom Protein Ingredients Market Size is Anticipated to Exceed USD 4.75 Billion by 2033, growing at a CAGR of 11.15% from 2023 to 2033. The rising health consciousness, growth in plant-based diets, innovations in protein sources, demand for clean label products, and supportive government policies are driving the growth of the protein ingredients market in the UK.
Market Overview
The protein ingredients market is the industry encompassing protein sources extracted from both plant and animal origins, utilized as functional and nutritional ingredients in various sectors. The growing awareness about health and wellness, the increase in fitness and sports nutrition, and the demand for plant-based and functional foods are several factors that are escalating the protein ingredients market. There is an increased consumption of protein supplements and fortified foods, owing to the consumer seeking protein-rich and functional foods. The increasing popularity of high-protein diets as a means of supporting muscle growth and recovery, with the upsurging trend towards fitness and sports nutrition, is significantly escalating the protein ingredients market growth. Furthermore, the demand for vegan products, innovations in protein fortification, health and wellness trends, sustainable sourcing, and transparency are several factors that are responsible for driving the market. Environmental awareness, animal welfare, and health consciousness are providing lucrative opportunities in the protein ingredients market.
Report Coverage
This research report categorizes the market for the UK protein ingredients market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom protein ingredients market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK protein ingredients market.
United Kingdom Protein Ingredients Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.65 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 11.15% |
2033 Value Projection: | USD 4.75 Billion by 2033 |
Historical Data for: | 2019-2022 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 150 |
Segments covered: | By Product Type, By Application and COVID-19 Impact Analysis. |
Companies covered:: | GlaxoSmithKline, PepsiCo, BASF, Nestle, Fonterra, ADM, Oatly, ABF Ingredients, Beyond Meat, Arla Foods, DuPont, Cargill, The Kraft Heinz Company, Unilever, and Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The incorporation of protein ingredients in meat, poultry, fish, dairy, eggs, beans, lentils, nuts, seeds, and soy products, especially among health-conscious individuals, is driving the market for protein ingredients. Innovation in protein sources is driving the development of alternative proteins, such as plant-based, lab-grown, and insect-based options, resulting in the escalation of the market growth. Supportive government policies for the development and scaling up of sustainable proteins, such as plant-based, fermentation-made, and cultivated meat/seafood, contribute to propelling the protein ingredients market.
Restraining Factors
The allergies associated with plant-based protein sources, as well as religious and dietary restrictions on consuming animal-derived products, are challenging the market. Further, the price volatility of raw materials is restraining the market growth.
Market Segmentation
The United Kingdom Protein Ingredients Market share is classified into product type and application.
- The plant protein segment dominates the UK protein ingredients market and is expected to grow at the fastest CAGR during the projected period.
The United Kingdom protein ingredients market is segmented by product type into plant protein, animal/dairy proteins, microbe protein, and others. Among these, the plant protein segment dominates the UK protein ingredients market and is expected to grow at the fastest CAGR during the projected period. A vegan diet is linked to several health benefits in terms of nutrients, weight loss, and lower chances of health problems, promoting muscle strength, feelings of fullness, and weight loss. Consumer preference towards diverse protein sources, along with increased demand for vegetarian and vegan diet options, is propelling the market in the plant protein segment.
- The pharmaceuticals segment dominates the UK protein ingredients market and is expected to grow at the fastest CAGR during the projected period.
The United Kingdom protein ingredients market is segmented by application into food & beverages, feed, cosmetics & personal care products, and pharmaceuticals. Among these, the pharmaceuticals segment dominates the UK protein ingredients market and is expected to grow at the fastest CAGR during the projected period. Protein ingredients are used in pharmaceuticals as therapeutic ingredients in drug formulation in a wide range of applications, like diabetes drugs, vaccines, antibody-based therapies, and diagnostics. The inclination towards health consciousness and incorporation of protein ingredients into products, including protein bars and ready-to-drink shakes, is expected to propel the market in the pharmaceuticals segment.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.K. protein ingredients market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- GlaxoSmithKline
- PepsiCo
- BASF
- Nestle
- Fonterra
- ADM
- Oatly
- ABF Ingredients
- Beyond Meat
- Arla Foods
- DuPont
- Cargill
- The Kraft Heinz Company
- Unilever
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In August 2024, the UK is opening a £38M National alternative protein innovation centre to bring new plant-friendly foods to market, with a £15M investment from the government. The University of Leeds is hosting a new hub dedicated to developing and commercialising climate-friendly alternatives to animal proteins, and getting more people to eat them.
Market Segment
This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Protein Ingredients Market based on the below-mentioned segments:
UK Protein Ingredients Market, By Product Type
- Plant Protein
- Animal/Dairy Proteins
- Microbe Protein
- Others
UK Protein Ingredients Market, By Application
- Food & Beverages
- Feed
- Cosmetics & Personal Care Products
- Pharmaceuticals
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