The fermented protein market is forecasted to be worth USD 1,061.8 million in 2023. This market has enormous growth potential and is expected to be worth USD 2,130.9 million by 2033. The market is expected to grow at a CAGR of 7.7% from 2023 to 2033, up from 7.4% previously (2018 to 2022).
Fermented proteins are produced in-vitro by manufacturers because they are extremely easy to digest when compared to other protein sources. Fermented proteins are regarded as an exceptional and deserving product for the market because they contain essential probiotics that improve the ecology of the human stomach.
Food scientists and market participants are investing heavily in the development of novel methods for determining the effect of fermentation on protein in order to develop unique sustainable proteins and increase the production of fermented proteins.
Since the protein industry is so large, manufacturers can quickly expand into the market by developing new fermented protein supplements. Fermented proteins are being used as additives in the food and beverage industries to improve the nutritional content of their products. Because of the size of the food and beverage industry, there is an unending global demand for fermented proteins.
| Attribute | Details |
|---|---|
| Fermented Protein Market Historical Growth Rate (2018 to 2022) | 7.4% |
| Fermented Protein Market Value (2023) | USD 1,061.8 million |
| Fermented Protein Market Anticipated Forecast Value (2033) | USD 2,130.9 million |
| Fermented Protein Market Projected Growth Rate (2023 to 2033) | 7.7% |
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Customers prefer fermented protein products as nutritious on-the-go snacks due to their longer shelf lives. Fermented protein, on the other hand, is becoming increasingly popular as the global demand for meat and dairy products grows. Asia Pacific produces the most meat globally, with over 141.7 million metric tons produced annually, followed by America (over 104 million metric tons).
Organic fermented protein, such as whey protein, soy protein, and pea protein, which is vegan in nature, is becoming increasingly popular as the vegan population grows. Demand for fermented protein is expected to grow in developed countries such as North America and Europe, where veganism is becoming more popular. Healthy eating habits and plant-based products are gaining popularity, and fermented plant protein is becoming more widely available.
Fermented proteins have a fantastic additional application in animal feed. Vegan protein feed is widely used as protein pet food because it is easily digested. This gives fermented protein a significant global position as well as a broader market range in the feed industry.
As consumer awareness grows, so does the number of vegans, vegetarians, and flexitarians. Manufacturers have identified this as an opportunity to expand their fermented protein business. As a result of this rising trend and rising demand, manufacturers are currently developing new varieties of fermented protein products for the general public, such as fermented protein powder and fermented protein bars.
Fermented protein market manufacturers are developing new flavors to pique the interest of people of all ages. Vanilla, brownie, banana, coconut, almond, and mango are among the new flavors on the market. They are experimenting not only with flavors but also with packaging designs and technology. Approximately 70% of people are drawn to a product because of its packaging, which also serves as a critical defining factor for customers.
Principal Consultant
| Country | 2022 Global Market Share |
|---|---|
| Germany | 7.3% |
| United States | 17.7% |
Europe and North America are expected to be the highest ranked regions in the global market for fermented protein. These regions are expected to maintain their positions throughout the forecast period. The demand for vegan food products has grown in these two regions, and it is expected that this desire will fuel fermented protein market growth in the coming years.
Europe reportedly leads the market for fermented protein, accounting for nearly 39.9% of the fermented protein market. Given Europe's expanding vegan population and demand for alternative protein products, the fermented protein market is expected to grow significantly. Furthermore, as a result of the advancement of modern fermentation technology in this area, manufacturers of plant-based proteins are now offering goods that are tastier and healthier.
North America, like Europe, has a sizable, fermented protein market share of almost 33.4%. North America has the world's most obese people. As a result, many people suffer from chronic diseases. As a result, people are more aware of their health and fitness. This also encourages a person to adopt vegan eating habits, which boosts the market for fermented protein in North America.
Around the world, there are numerous active start-ups in fermented protein market. Many of them are establishing themselves as trend setters. Food science start-ups are rapidly expanding with novel innovations, particularly around alternative proteins such as fermented proteins.
Imagindairy
The Israeli start-up Imagindairy introduced animal-free milk in July 2020, claiming that the fermenting process took less than a week.
Fybraworks Foods
A US-based start-up will use fermentation to create synthetic meat proteins in November 2020.
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Consumers are shifting away from meat-based protein sources and toward plant-based protein sources. To maintain their positions, players in the food industry are inventing new innovations in response to shifting fermented protein market dynamics. Large food corporations are implementing effective social media marketing strategies to attract the target audience, as social media advertising is the latest trend in every industry.
| Date | April 2023 |
|---|---|
| Company | FrieslandCampina Ingredients |
| Strategy | New Product Launch |
| Details | FrieslandCampina Ingredients introduced a novel fermented blend solution that synergizes whey protein, prebiotic galacto-oligosaccharides (known as Biotis GOS), and probiotic cultures. This unique formulation aims to enhance both athletic performance and overall well-being. |
| Date | April 2023 |
|---|---|
| Company | Royal DSM |
| Strategy | New Product Launch |
| Details | Royal DSM introduced a comprehensive collection of functional ingredients for plant-based fermented products, such as yogurt alternatives. This toolkit comprises four specially crafted starter cultures and five consumer-ready concepts. These innovative concepts demonstrate the toolkit's versatility in creating diverse plant-based fermented products, offering precise adjustments in taste, texture, and health attributes across various plant-based substrates. |
| Date | January 2022 |
|---|---|
| Company | Jarrow Formulas |
| Strategy | New Product Launch |
| Details | Jarrow Formulas introduced its fermented protein-infused Probiotic+ Gummies, a new product line aimed at digestive, immune, and gut health, in January 2022. |
| Date | January 2021 |
|---|---|
| Company | ProBiotix Health |
| Strategy | Licencing Agreement |
| Details | In January 2021, ProBiotix Health and Genuine Health will enter into a non-exclusive licencing agreement for its branded LPLDL ingredient, which will be the first probiotic supplement on the Canadian market to receive a specific health claim for cardiovascular health. |
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, Distribution Channel, Region |
| Regions Covered | North America; Latin America; The Asia Pacific; Middle East and Africa; Europe |
| Key Countries Profiled | United States, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Genuine Health; Body Ecology, Inc.; Jarrow Formulas; Sotru; Amazonia Pty Ltd; Sun Brothers; LLC; PlantFusion; Whole Earth Sea; FIT-BioCeuticals Ltd |
| Customization | Available Upon Request |
The fermented protein market is estimated to thrive at a 7.7% CAGR from 2023 to 2033.
The fermented protein market size will reach USD 2,130.9 million by 2033.
The fermented protein market expanded at a 7.4% CAGR from 2018 to 2022.
Germany accounted for 7.4% of the fermented protein market shares in 2022.
The United States accounted for 17.7% of the fermented protein market shares in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. GMO-free 5.2. Gluten-free 5.3. Soy-free 5.4. Vegan 5.5. Flavours 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food & Beverage 6.2. Feed 6.3. Pharmaceuticals 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. B2B 7.2. B2C 7.2.1. Online Stores 7.2.2. Retail Stores 7.2.3. Convenience Stores 7.2.4. Hypermarket/Supermarkets 7.2.5. Speciality Stores 7.2.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Genuine Health 18.2. Body Ecology, Inc. 18.3. Jarrow Formulas 18.4. Sotru 18.5. Amazonia Pty Ltd 18.6. Sun Brothers 18.7. LLC 18.8. PlantFusion 18.9. Whole Earth Sea 18.10. FIT-BioCeuticals Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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Fermented Protein Market
