Market Size of united kingdom protein Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 553.93 Million |
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Market Size (2029) | USD 710.71 Million |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 5.11 % |
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Fastest Growing by End User | Supplements |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United Kingdom Protein Market Analysis
The United Kingdom Protein Market size is estimated at 553.93 million USD in 2024, and is expected to reach 710.71 million USD by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
553.93 Million
Market Size in 2024 (USD)
710.71 Million
Market Size in 2029 (USD)
5.05 %
CAGR (2017-2023)
5.11 %
CAGR (2024-2029)
Largest Market by Source
53.21 %
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
43.45 %
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
6.06 %
Projected CAGR, Animal, 2024-2029
The addition of animal proteins with claims such as organic, sustainable, and grass-fed is boosting sales. Gelatin and collagen are the fastest growing sub-segments.
Fastest growing Market by End User
7.01 %
Projected CAGR, Supplements, 2024-2029
Supplements are the most promising industries for proteins in the country. Constant innovations in these industries are further projected to boost sales.
Leading Market Player
12.20 %
market share, Archer Daniels Midland Company, 2021
Archer Daniels Midland Company focuses on market trends like healthy snacking to extend its offerings and has an extensive portfolio of proteins for food and animal nutrition.
Emerging indulgence towards health-oriented products with public awareness on protein is impacting the growth
- By application, in 2022, the F&B industry was the leading application sector for protein in the region, followed by the animal feed sector. In the F&B category, the meat/meat alternatives segment accounted for the major volume share of 32.40%, followed by the dairy and dairy alternatives segment, with 27.9% by volume share in 2022. The United Kingdom is the leading market for the meat and dairy alternative products. The market is continuously launching healthy sources of protein derived from plants, seaweed, non-animal cell culture, fermentation, or cultivated meat, which provide an alternative to more traditional protein sources.
- The animal feed segment occupied the second-largest share in the market, i.e., 35.5% by volume in 2020, which is anticipated to drive the market with a nominal CAGR value of 2.65% during the forecast period. One of the main factors fueling market expansion is the growing public awareness of the health benefits of algae-based protein ingredients in animal feed. In the early stages of bovine development, microalgae are crucial for adding nutrients to animal feed. It also promotes physical growth and ensures the production of high-quality eggs, milk, and meat.
- By value, among all the end-user segments, the supplement segment is anticipated to register the fastest growth rate of 6.47% during the forecast period. The emerging indulgence toward health-oriented products, along with rising interest in the list of ingredients, is highly driving the market's growth. Under the supplement category, sport and performance nutrition holds a prominent share of the market, mainly due to the rising awareness regarding daily nutritional intake, and sports nutrition products aid in compensating for nutrients lost during digestion and consumption.
Understand The Key Trends Shaping This Market
