Protein Ingredients Market, 2023 – 2032

The protein ingredients market, valued at $44,973.83 million in 2022, is projected to grow at a CAGR of 6.3% over the forecast period. This growth is fueled by a rising awareness of the significance of a healthy diet and the role of protein in maintaining overall health, prompting increased consumer demand for protein-rich foods and supplements. The surge in popularity of plant-based diets and the rise of flexitarianism have further contributed to the market expansion, leading to an increased demand for plant-based protein ingredients like soy, pea, and rice protein.