Asia Pacific Protein Ingredients Top Companies and Market Size Analysis
The Asia Pacific protein ingredients market size is predicted to increase from USD 17.44 billion in 2023 and is estimated to hit around USD 30.36 billion by 2033 with a CAGR of 5.74%. The top companies in the Asia Pacific protein ingredients market are Kerry Group plc, Tate & Lyle, Ingredion, DSM, Cargill, Incorporated, Glanbia PLC, Roquette Frères, Proeon, Wilmar International Ltd, ETChem, Australian Plant Proteins Pty. Ltd., Entobel, Shandong Jianyuan Group, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 30.36 Billion |
| Market Size in 2023 |
USD 17.44 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 5.74% |
| Largest Market |
China |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Product, Application, and Form, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Asia Pacific Protein Ingredients Lead Manufacturers
- Kerry Group plc
- Tate & Lyle
- Ingredion
- DSM
- Cargill, Incorporated
- Glanbia PLC
- Roquette Frères
- Proeon
- Wilmar International Ltd
- ETChem
- Australian Plant Proteins Pty. Ltd.
- Entobel
- Shandong Jianyuan Group
Latest Announcements by the Industry Leaders
- In July 2024, Tata & Lyle, a global food and beverage solutions company, acquired CP Kelco, a nature-based ingredients company. The company stated that the acquisition “expands our offering in the large (USD 19 billion) and fast-growing (6% CAGR) specialty food and beverage ingredients addressable market and developed potential growth opportunities in adjacent and core markets.
- In July 2024, Australian Plant Proteins (APP), Australia’s first plant-protein isolate manufacturer, entered the voluntary administration with market leaders expressing frustration with insufficient government support, a drop in R&D investment in a sector, and a reliance on imports with great opportunities in Australia.
Recent Developments
- In August 2024, FrieslandCampina Ingredients, a leading player in protein and prebiotics, exhibited innovations in supporting holistic health, which further includes muscle and mobility, gut health, cognition, and catering to the growing demand for multifunctional health benefits from the Asia Pacific consumers.
- In July 2024, HiFood, a leading player in the research development and production of ingredients of natural origin, launched a new range of micronized proteins. This launch enables the company to cater to the growing demand for high-protein food products.
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