Market Size of germany protein Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 762.6 Million |
|
|
Market Size (2029) | USD 944.1 Million |
|
Largest Share by End User | Food and Beverages |
|
|
CAGR (2024 - 2029) | 4.36 % |
|
|
Fastest Growing by End User | Supplements |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Germany Protein Market Analysis
The Germany Protein Market size is estimated at 762.6 million USD in 2024, and is expected to reach 944.1 million USD by 2029, growing at a CAGR of 4.36% during the forecast period (2024-2029).
762.6 Million
Market Size in 2024 (USD)
944.1 Million
Market Size in 2029 (USD)
4.51 %
CAGR (2017-2023)
4.36 %
CAGR (2024-2029)
Largest Market by Source
60.41 %
value share, Plant, 2023
Immense availability, functionality, vegan protein source, and low price of soy, wheat, and pea have contributed to the leading position of plant proteins in the country.
Largest Market by End User
49.48 %
value share, Food and Beverages, 2023
The F&B industry dominates the market, primarily led by bakery and meat and dairy alternatives due to their functionalities that make them highly preferred ingredients.
Fastest growing Market by Source
4.50 %
Projected CAGR, Plant, 2024-2029
The surging demand for plant proteins (pea and soy protein) from beverages, breakfast cereals, and confectionery contributed to their fastest growth in the country.
Fastest growing Market by End User
5.61 %
Projected CAGR, Supplements, 2024-2029
The rising consumer focus on health and sports fitness is anticipated to drive the segment. Among all, the preference for soy in the sector is propelling segmental growth.
Leading Market Player
8.25 %
market share, Archer Daniels Midland Company, 2021
Archer Daniels Midland Company is the market leader. The company focuses on market trends like healthy snacking to extend its offerings in animal and human nutrittion.
Strategic investment by governing bodies drove the application of protein especially in F&B and animal feed
- By application, the food and beverage (F&B) segment is leading the German protein market. It accounted for a major share of 55.4% by volume, followed by animal feed holding a 39.9% share in 2022. However, the beverage sub-segment is anticipated to record the fastest CAGR of 7.22%, by volume, during the forecast period, as Germans are known for their preference for fizzy drinking water and fruit juices, drinks, and nectars with added proteins.
- In the F&B segment, the meat/poultry/seafood and meat alternative products sub-segment accounted for the major share by volume in 2020, followed by the dairy and dairy alternative products sub-segment. As meat alternatives record increased demand, the German government invested around USD 780,000 in 2018 in research projects such as 'Texturing Mechanisms in the Wet Extrusion of Soy and Pea Protein,' aimed at making the texture of vegan meat more 'realistic' with the use of soy and pea proteins.
- The market growth is primarily driven by the rising number of vegan and flexitarian consumers increasingly relying on or being open-to animal-free product offerings. As of 2020, the number of vegans in Germany had doubled from 1.3 million to 2.6 million, representing 3.2% of the population.
- The sports/performance nutrition supplement sub-segment is projected to be the fastest-growing end-user application with a CAGR value of 6.28% during the forecast period 2023-2029. For instance, according to the global health and fitness association IHRSA, since 2016, the number of fitness club members in Germany increased by 14% to reach 64.76 million in 2019. In 2021, North Rhine-Westphalia had the most sports clubs among German states, numbering around 18,000, followed by Bavaria with 11,725 and Baden-Württemberg with 11,274.
Understand The Key Trends Shaping This Market
