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North America Protein Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • November 2021
  • Region: North America
  • Mordor Intelligence
  • ID: 5656767
The North America Protein Market stood at 6.78 billion usd in 2021 and is projected to register a CAGR of 3.59% to reach 8.09 billion usd in 2026.

Key Highlights

  • Largest Segment by Source - Plant: Huge availability, functionality, low price of soy, wheat, and pea, and being a vegan protein source have contributed to the leading position of plant proteins in the region.
  • Largest Segment by End User - Food and Beverages: The F&B segment leads the market, driven by the meat and meat alternative, beverage, and bakery sectors. The rise in functional F&B boosts the demand for protein ingredients.
  • Fastest Growing Segment by Source - Microbial: The demand for microbial proteins, mainly algae protein, is noted from the supplements segment. Constant innovation and new entrants are anticipated to drive this segment.
  • Fastest Growing Segment by End User - Personal Care and Cosmetics: Protein-enriched skin, body, and hair care products' demand is rising. Players offering products with protein ingredients in distinct concentrations are boosting the segment.

Key Market Trends

Largest Segment By End User: Food and Beverages

  • In terms of value, the food and beverage segment was the leading segment, which is expected to register a CAGR of 3.50% by value in the forecast period. Meat/meat alternatives remained the most dominant sub-segment in the food and beverage segment, which possess a volume share (40.28%) of heavily integrating plant proteins mainly sourced from soy.
  • The inclusion of sustainable alternative proteins, such as insect protein, further increases the market scope in animal feed. Companies, such as Enterra Corporation and Darling Ingredients, are boosting their production capabilities to offer a cost-effective and efficient source of feed-grade proteins. As a result, with a volume CAGR of 1.82%, the ingredient remained one of the fastest-growing protein types in animal feed among animal proteins.
  • The supplement sector was majorly driven by the application in the sports nutrition segment, which had a share of 91%, by value, in 2020. This was attributed to the growth in the number of health clubs in the United States, which reached around 41,370 in 2020.

Largest Country: United States

  • The United States led the market in 2020 due to high production consolidation in the country and an active competitive landscape. Companies are strengthening their presence in the country by acquiring small firms, ramping up protein production units, and expanding their product portfolios. Companies such as Agropur, Anchor Ingredients, and Hilmar Cheese were witnessed boosting their production capabilities over the review period. Thus, constant product developments and differentiation in the market further resulted in additional sales by volume.
  • In terms of growth, Mexico is expected to be the fastest-growing region, with a projected volume CAGR of 6.13% during the forecast period. The Mexican market is highly dominated by the demand for plant proteins in the country, which is anticipated to register a CAGR of 6.06%, by value, during the forecast period.

Competitive Landscape

The North America Protein Market is fragmented, with the top five companies occupying 33.40%. The major players in this market are Archer Daniels Midland Company, Bunge Limited, CHS Inc., DuPont de Nemours Inc. and Südzucker Group (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 Key Industry Trends
3.1 End User Market
3.2 Per Capita Animal Protein Consumption
3.3 Per Capita Plant Protein Consumption
3.4 Raw Material/Commodity Production
3.5 Regulatory Framework (*Only for the major country/countries)
3.6 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Country
4.1.1 Canada
4.1.2 Mexico
4.1.3 United States
4.1.4 Rest of North America
4.2 By Source
4.2.1 Animal Casein and Caseinates Collagen Egg Protein Gelatin Insect Protein Milk Protein Whey Protein Other Animal Protein
4.2.2 Microbial Algae Protein Mycoprotein
4.2.3 Plant Hemp Protein Oat Protein Pea Protein Potato Protein Rice Protein Soy Protein Wheat Protein Other Plant Protein
4.3 By End User
4.3.1 Animal Feed
4.3.2 Personal Care and Cosmetics
4.3.3 Food and Beverages Bakery Beverages Breakfast Cereals Condiments/Sauces Confectionery Dairy and Dairy Alternative Products Meat/Poultry/Seafood and Meat Alternative Products RTE/RTC Food Products Snacks
4.3.4 Supplements Baby Food and Infant Formula Elderly Nutrition and Medical Nutrition Sport/Performance Nutrition
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Agropur Dairy Cooperative
5.3.2 Archer Daniels Midland Company
5.3.3 Arla Foods amba
5.3.4 Bunge Limited
5.3.5 CHS Inc.
5.3.6 Darling Ingredients Inc.
5.3.7 DuPont de Nemours Inc.
5.3.8 Farbest-Tallman Foods Corporation
5.3.9 Fonterra Co-operative Group Limited
5.3.10 Gelita AG
5.3.11 Glanbia PLC
5.3.12 Groupe Lactalis
5.3.13 Kerry Group PLC
5.3.14 MGP
5.3.15 Milk Specialties Global
5.3.16 Roquette Frères
5.3.17 Südzucker Group
5.3.18 Tessenderlo Group
5.3.19 The Scoular Company
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Proteins CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Agropur Dairy Cooperative
  • Archer Daniels Midland Company
  • Arla Foods amba
  • Bunge Limited
  • CHS Inc.
  • Darling Ingredients Inc.
  • DuPont de Nemours Inc.
  • Farbest-Tallman Foods Corporation
  • Fonterra Co-operative Group Limited
  • Gelita AG
  • Glanbia PLC
  • Groupe Lactalis
  • Kerry Group PLC
  • MGP
  • Milk Specialties Global
  • Roquette Frères
  • Südzucker Group
  • Tessenderlo Group
  • The Scoular Company