Protein Ingredients Industry Dynamics, Growth Prospect and Consumption Analysis till 2030
The global protein ingredients market was valued at USD 77.69 billion in 2022 and is expected to grow at a revenue-based compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This steady growth is driven by rising demand for a variety of food products such as margarine, cold cuts, bakery items, spreads, yogurt, and milk sausages that use protein ingredients. Increased consumption of these protein-rich foods among health-conscious and elderly consumers is further fueling the market. The growing interest in these products stems not only from their nutritional benefits but also from specific functional properties, such as satiety, muscle repair, weight loss, and energy balance. These functions are made possible by innovative protein formulations containing diverse amino acid profiles, which present vast growth opportunities for the market. The market has also experienced a notable rise in demand for animal-based protein products. In the U.S., demand for animal-...