Global protein ingredients market to reach $48.8 billion by 2025
North America is the largest regional segment in terms of market share.
Consumer interest in all things protein isn’t showing signs of slowing down. In fact, the global protein ingredients market is expected to reach $48.8 billion by 2025, according to a 2019 report from San Francisco-based Grand View Research. The market is expected to expand at a compound annual growth rate (CAGR) of 7.5% between 2019 and 2025, with rising demand for nutrient-rich food expected to propel the demand.
Growing health awareness among consumers is likely to boost both the plant and dairy protein ingredients markets, the company said. It also noted that: