Chicago, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The global protein ingredients market is estimated to be valued at USD 61.0 billion in 2023. It is projected to reach USD 85.6 billion by 2028, recording a CAGR of 7.0% during the forecast period. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global protein ingredients market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for protein alternatives and high-end personal care products, changing lifestyles, and consumption patterns to drive the demand in the protein ingredients market. Key Players in the Market DuPont (US) ADM (US) Cargill, Incorporated (US) Kerry Group plc (Ireland) Arla Foods amba (Denmark) BRF Global (Brazil) The Scoular Company (US) Roquette Freres (France) AMCO Proteins (US) Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114688236 Drivers and Opportunities Drivers: Increase in demand for proteins as nutritional and functional ingredients post COVID-19 As per a research article published in October 2022, titled – ‘Impact of COVID-19 pandemic on consumer behavioral intention,' there was a significant link found between the consumption of nutritious meals and consumer purchasing habits. It also stated that consumers are more focused on their health, security, and safety post-pandemic. Increasing awareness among people to strengthen their immune system to prevent themselves from being infected easily compels them to maintain a healthy lifestyle and proper diet. Thus, COVID-19 is expected to boost the demand for protein ingredients at a much higher rate in the global market. Opportunities: Growing potential of dairy and plant proteins There is a huge potential for the growing protein ingredients market soon, especially dairy and plant proteins. Dairy protein suppliers can continue to benefit from the trend toward more functional products and the increased consumer interest in the nutritional value of products. The growth of plant-sourced protein ingredients is being supported by growing vegan trends because ...