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Protein Ingredients Market Size
- Report ID: GMI721
- Published Date: May 2023
- Report Format: PDF
Protein Ingredients Market Size
Protein Ingredients Market size crossed USD 42 billion in 2022 and is projected to showcase over 7.9% CAGR from 2023 to 2032.
The growing consumer awareness pertaining to several health and nutritional food products will accelerate the market expansion. Protein ingredients have evolved increasingly popular as they promote good health, hair, and skin as well as improve hormone levels in women. Of late, consumers are turning to several protein-based products to aid muscle recovery, build muscles and promote healthy weight loss. Rising adoption in infant formulations will also boost the demand for protein ingredients.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Protein Ingredients Market Size in 2022: | USD 42 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.9% |
| 2032 Value Projection: | USD 90 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 434 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The global market for soy protein ingredients is set to cross USD 15.7 billion by 2032. The growing competition from soy based products is likely to limit the preference for protein ingredients to a considerable extent. On account of its multiple health benefits, soy protein is increasingly used for replacing animal proteins in an individual's diet. The rising preference for soybeans considering their rich fiber, calcium, zinc, iron, and vitamin B content will also limit the adoption of protein ingredients.
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Protein Ingredients Market Scope
