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The protein ingredients market size is forecast to increase by USD 27.01 billion at a CAGR of 10.03% between 2023 and 2028. The market is witnessing significant growth due to the increasing trend of sustainable sourcing and the rising demand for plant-based alternatives, particularly in response to the vegan movement. Chronic diseases, such as obesity and diabetes, are driving consumers towards healthier food options, leading to increased demand for texturized protein ingredients in various applications, including vegan spreads, yogurt, and milk sausages. Soy continues to dominate the market, but other sources, such as pea and wheat, are gaining popularity. Margarine and milk substitutes are also major consumers of protein ingredients. The market is highly fragmented, with numerous players competing on price and product innovation. Overall, the market is expected to experience strong growth in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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