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According to a research report published by MarketsandMarkets, the global protein ingredients market is projected to grow substantially over the next five years. Valued at USD 61.0 billion in 2023, the market is expected to reach USD 85.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 7.0%.
Various macroeconomic and microeconomic factors, including consumer health awareness, demand for alternative protein sources, and evolving lifestyles, are driving this expansion.
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