Protein Ingredients Market Global Outlook & Forecast 2023-2028: Demand for Plant-based Products in Sports Nutrition and Growth in Vegan Population Drives Demand

The global protein ingredients market is expected to grow at a CAGR of 6.49% from 2022-2028, driven by an increase in consumer demand for high-quality, nutrient-dense foods. The key players in the market include ADM, Cargill, FrieslandCampina, International Flavors & Fragrances (IFF), and Fonterra Co-operative Group. The competition in the industry is globalized, with a focus on emerging markets such as China, India, and Brazil.

Two key trends driving market growth are the demand for plant-based products in sports nutrition and the growth in the vegan population. Consumers are adopting healthier lifestyles, leading to an increased focus on fitness and healthy eating habits. However, fluctuations in raw material prices, such as soy, pea, almond, and coconut, pose a significant challenge to the protein ingredients market's growth. The report also highlights key company profiles, market opportunities, trends, growth enablers, and restraints in the market.