The global Protein Ingredients market size is valued at USD 38.5 billion in 2020 and is expected to expand at a CAGR of 10% from 2021 to 2027. The market is gaining momentum from growing demand and is witnessing high demand. It is used in foods such as margarine, cold ham, bakery products, spreads, yogurt, and milk sausages that are produced using protein ingredients. Market growth is accelerating as the consumption of these products increases among health-conscious elderly consumers. In addition, the increasing number of protein innovations from various manufacturers that make up a variety of amino acids and perform specific functions including satiety, muscle recovery, weight loss and energy balance are expected to provide tremendous growth opportunities for the market.
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Protein Ingredients Market Segments:
By source
• Plant
• Animal
By form
• Dry
• Liquid
By application
• Food & beverages
• Animal feed
• Cosmetics & personal care
• Pharmaceuticals
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