The Latest Protein Industry Statistics Explained
The global protein supplements market size was valued at USD 18.91 billion in 2020.
The statistic indicates that the global protein supplements market was valued at USD 18.91 billion in the year 2020. This figure represents the total revenue generated by the sale of protein supplements worldwide during that year. Protein supplements are products designed to provide additional protein intake to individuals, particularly athletes, bodybuilders, and people with specific dietary needs. The market size reflects the significant demand for protein supplements, driven by factors such as increasing health awareness, growth in the fitness industry, and changing dietary preferences. The value of USD 18.91 billion highlights the economic importance and widespread consumption of protein supplements on a global scale in 2020.
The market is projected to expand at a CAGR of 8.4% during the forecast period (2021 – 2028).
This statistic indicates that the market is expected to grow at a compound annual growth rate (CAGR) of 8.4% over the forecast period from 2021 to 2028. The CAGR is a measure of the average annual growth rate over a specified period of time, providing a smooth representation of the market’s growth trajectory. In this case, the projected CAGR of 8.4% suggests a steady and positive trend in market expansion over the next seven years, indicating potential opportunities for businesses and investors operating within this market to capitalize on consistent growth prospects.
Latin America protein supplements market is projected to reach USD 3.15 billion by 2026.
The statistic indicates the projected growth of the protein supplements market in Latin America, with an estimated market value reaching USD 3.15 billion by the year 2026. This growth projection suggests an increasing demand for protein supplements in the region, driven by factors such as rising health and fitness awareness among consumers, lifestyle changes, and a growing focus on nutrition and wellness. The market expansion reflects a trend towards healthier dietary habits and an interest in fitness and sports nutrition products in Latin America, presenting opportunities for market players to capitalize on this evolving consumer behavior and preferences.
The global demand for alternative proteins is expected to grow at a CAGR of 9.5% from 2019 to reach $17.9 billion by 2025.
This statistic states that the global demand for alternative proteins, such as plant-based or insect-based proteins, is projected to increase at a compound annual growth rate (CAGR) of 9.5% from the base year of 2019. This growth is anticipated to result in the alternative protein market reaching a total value of $17.9 billion by the year 2025. The rising consumer awareness about sustainability, health, and animal welfare concerns, along with the increasing adoption of vegetarian and flexitarian diets, are some factors driving the growing demand for alternative proteins. This substantial CAGR indicates a significant shift in the food industry towards more sustainable and diverse protein sources, reflecting changing consumer preferences and a shift towards more environmentally conscious food choices.
The global animal protein market size was value at USD 132.3 billion in 2018.
The statistic ‘The global animal protein market size was valued at USD 132.3 billion in 2018’ refers to the total worth of the market for animal-based protein products around the world during that year. This value incorporates the revenue generated from sales of various animal protein sources such as meat, poultry, dairy, and seafood products. The figure provides insight into the significant economic scale of the animal protein industry globally, highlighting its importance in terms of production, consumption, and trade. This statistic serves as a key indicator for stakeholders in the agriculture, food, and related industries, helping them understand the market dynamics and trends shaping the demand and supply of animal protein products on a global scale.
The animal protein market is expected to grow at a CAGR of 4.32% during the prediction period 2018-2023.
This statistic indicates the Compound Annual Growth Rate (CAGR) for the animal protein market, forecasting its growth trajectory over the period from 2018 to 2023. A CAGR of 4.32% suggests that the market is expected to expand steadily at an average annual rate of 4.32% during the specified timeframe. This growth rate serves as a predictive indicator of the market’s performance, reflecting the anticipated increase in demand for animal protein products and the overall positive outlook for the industry. It is important for stakeholders, such as businesses, investors, and policymakers, to consider this projected growth rate when making strategic decisions related to the animal protein market.
North America held the largest market share of around 35% in the global protein supplements market in 2020.
The statistic indicates that North America had the highest market share of approximately 35% in the global protein supplements market in 2020, outperforming other regions. This suggests that North America led in the consumption and sales of protein supplements compared to regions such as Europe, Asia-Pacific, and other parts of the world. Factors contributing to North America’s dominant market share could include high consumer awareness of the benefits of protein supplements, a strong fitness culture, and a well-established market with a wide range of product offerings. This statistic signifies the importance of the North American market for protein supplement manufacturers and highlights the region’s potential for continued growth and innovation in the industry.
The Asia Pacific market is projected to witness the fastest growth during the forecast period (2021 – 2028), owing to increasing health consciousness and acceptance of protein supplements.
The statistic indicates that the Asia Pacific market is expected to experience the highest growth rate compared to other regions in the period from 2021 to 2028. This growth is attributed to the rising trend of health consciousness among consumers in the region, leading to an increased acceptance and demand for protein supplements. As individuals become more aware of the importance of maintaining a healthy lifestyle and incorporating protein-rich products into their diet, the market for protein supplements is predicted to expand rapidly in Asia Pacific. This trend suggests significant opportunities for businesses operating in the protein supplement industry to capitalize on the growing market in the region.
Over 75% of the world’s food supply comes directly or indirectly from livestock protein.
The statistic “Over 75% of the world’s food supply comes directly or indirectly from livestock protein” highlights the significant role that livestock plays in global food production. Livestock not only provides meat for direct consumption but also contributes to other food products such as dairy and eggs. Additionally, livestock farming often produces byproducts, such as manure and biogas, which can be utilized in agricultural production. This statistic emphasizes the importance of livestock in food security worldwide, indicating that a large portion of the food supply chain is reliant on animal protein sources. This underscores the need for sustainable and efficient livestock production practices to ensure a stable and secure food supply for the growing global population.
It’s expected that by 2050, the demand for animal-based protein will increase by 70%.
The statistic that the demand for animal-based protein is expected to increase by 70% by the year 2050 indicates a substantial projected growth in the global consumption of protein from animal sources. This suggests a significant rise in the overall consumption of meat, dairy, and other animal products as the world’s population continues to grow and economies develop further. Such an increase in demand will likely pose various challenges such as sustainability concerns related to livestock farming’s environmental impact, animal welfare issues, and the need for efficient resource management to meet the growing demands for animal-based protein. The statistic underscores the importance of addressing these challenges through sustainable practices, technological advancements, and shifts towards alternative protein sources to ensure food security and meet the nutritional needs of a growing population while minimizing negative environmental impacts.
The demand for plant protein is increasing at an annual growth rate of 6.6%.
The statistic “The demand for plant protein is increasing at an annual growth rate of 6.6%” indicates that there is a steady and consistent rise in the consumption of plant-based protein sources over time. This growth rate implies that the demand for plant protein is increasing by 6.6% each year, showcasing a trend towards greater interest and adoption of plant-based diets. This increase could be attributed to various factors such as shifting consumer preferences towards healthier and more sustainable food options, rising awareness of the health benefits associated with plant proteins, and concerns about environmental sustainability. Overall, this statistic highlights a positive trajectory for the plant protein market and reflects a broader trend towards plant-based eating patterns globally.
Globally, whey protein held the largest share in the market in 2018.
The statistic “Globally, whey protein held the largest share in the market in 2018” indicates that among all types of protein supplements available on the market in 2018, whey protein had the highest consumption and market demand. This finding suggests that whey protein was the most popular and widely used protein supplement worldwide during that particular year. The dominance of whey protein in the market can be attributed to various factors such as its high-quality protein content, fast absorption rate, and effectiveness in muscle building and recovery. It also implies that consumers have a strong preference for whey protein over other protein sources, highlighting its perceived benefits and importance in the fitness and nutrition industry.
Currently, soy protein dominates the plant protein market.
The statistic “currently, soy protein dominates the plant protein market” indicates that among all plant-based protein sources available in the market, soy protein holds the highest market share in terms of consumption and sales. This suggests that soy protein products, such as soy protein isolate, soy protein concentrate, and soy-based meat substitutes, are the most popular and widely consumed plant protein options among consumers. The dominance of soy protein in the plant protein market may be attributed to factors such as its nutritional profile, versatility in food applications, sustainability as a crop, and existing consumer awareness and acceptance of soy products. This statistic implies that soy protein plays a significant role in meeting the growing demand for plant-based protein sources and reflects the preferences of consumers seeking plant-based alternatives to animal-derived proteins.
The Protein Ingredients market was valued at USD 33.62 billion in 2018 and is set to grow at a CAGR of 6.5%.
The statistic indicates that the Protein Ingredients market was valued at USD 33.62 billion in 2018 and is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6.5% in the coming years. This suggests that the market for Protein Ingredients is expected to experience consistent growth at a rate of 6.5% annually, reaching a higher valuation in the future. The increasing demand for protein-rich products in various industries such as food and beverages, dietary supplements, and animal feed, coupled with advancements in protein ingredient technologies, are likely driving this growth trend. Companies operating in this market may consider these projections when making strategic decisions to capitalize on the expanding opportunities within the Protein Ingredients sector.
As of 2018, the U.S. held 71% of the North American protein supplement market.
The statistic indicates that in 2018, the United States dominated the North American protein supplement market by holding a substantial market share of 71%. This means that the U.S. was the leading player in the region for protein supplements, outperforming competitors from other countries in North America. The high percentage suggests that American consumers and businesses heavily contribute to the overall demand and supply of protein supplements within the region. This level of market dominance may also reflect the U.S.’s strong presence in the health and fitness industry, as protein supplements are commonly used by individuals seeking to improve athletic performance, build muscle mass, or supplement their diets with additional protein.
In 2020, plant-based proteins witnessed a growth of 27% in the US retail market.
The statistic “In 2020, plant-based proteins witnessed a growth of 27% in the US retail market” indicates that there was a substantial increase in the sales of plant-based protein products in the US retail sector during the year 2020. This growth rate of 27% suggests a significant shift in consumer preferences towards plant-based protein options over traditional animal-based protein sources. Factors such as increasing health consciousness, environmental concerns, ethical considerations, and improved availability of plant-based protein products likely contributed to this growth trend. The statistic highlights the growing demand for plant-based protein alternatives in the US market and reflects a broader shift towards more sustainable and healthier dietary choices among consumers.
Europe is expected to reach USD 5.01 billion by 2027 in terms of revenue for protein supplement market.
The statistic ‘Europe is expected to reach USD 5.01 billion by 2027 in terms of revenue for the protein supplement market’ indicates the projected growth and value of the protein supplement industry in Europe by the year 2027. This figure represents the estimated total revenue generated from the sales of protein supplements in the European market. The forecasted value of USD 5.01 billion suggests an increasing demand for protein supplements in the region, driven by factors such as rising health and fitness trends, a growing aging population seeking nutrition support, and increasing awareness about the benefits of protein consumption. This statistic provides valuable insights for businesses and stakeholders operating in the protein supplement industry, helping them prepare for potential market opportunities and challenges in the coming years.
About 70% of the world’s fish protein is produced by the fisheries sector.
The statistic that about 70% of the world’s fish protein is produced by the fisheries sector highlights the significant role that fisheries play in global food production and nutrition. This statistic indicates that the fisheries sector is a major contributor to meeting the protein needs of the global population, suggesting a heavy reliance on fish as a protein source. The high percentage underscores the importance of sustainable management practices in the fisheries industry to ensure the continued availability of fish protein for both current and future generations. This statistic also underscores the importance of fisheries in addressing food security and nutrition challenges around the world.
The pea protein market is expected to reach $313.5 million by 2025, at a CAGR of 17.4% during the forecast period of 2019 to 2025.
The statistic indicates that the pea protein market is projected to grow significantly, with an expected value of $313.5 million by the year 2025. This growth is estimated to occur at a Compound Annual Growth Rate (CAGR) of 17.4% between the years 2019 and 2025. The CAGR of 17.4% represents the average annual growth rate over the forecast period and suggests a strong upward trend in the market demand for pea protein products. This statistic highlights the potential for substantial expansion in the pea protein market, driven by factors such as increasing consumer awareness of plant-based protein sources, growing demand for vegetarian and vegan food products, and a shift towards healthier dietary choices.
References
0. – https://www.plantbasedfoods.org
1. – https://www.www.meticulousresearch.com
2. – https://www.www.mordorintelligence.com
3. – https://www.www.zionmarketresearch.com
4. – https://www.www.fortunebusinessinsights.com
5. – https://www.www.fao.org
6. – https://www.www.grandviewresearch.com
