Protein Ingredients Market, 2023 – 2032
The protein ingredients market, valued at $44.97 billion in 2022, is projected to grow at a CAGR of 6.3% during the forecast period. Rising awareness regarding the significance of a balanced diet and the essential role of protein in promoting overall health is fueling consumer interest in protein-enriched foods and supplements. This heightened awareness has particularly contributed to the increasing demand for plant-based protein ingredients, including soy, pea, and rice protein, driven by the growing popularity of plant-based diets and the emergence of flexitarian lifestyles.