Protein Market size is valued at USD 73,498.9 million in 2021 and is expected to grow at a prominent growth rate 4.34% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global Protein Market, and that can be segmented by Product Type, by Form, and by application. By Product Type, the global Protein Market has been segmented into Plant Protein, Animal/Dairy Proteins, Microbe-based Proteins, Insect Proteins. The Plant Protein segment is likely to be the largest and fastest-growing segment in terms of product type. Based on Form, the global Protein Market is segmented into Dry, Liquid. Among these, the dry segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on Application, the global Protein Market is segmented into Food & Beverages, Infant Formulations, Clinical Nutrition, Animal Feed Others. The Food & Beverages accounts for the largest share in 2021. The clinical Nutrition segment is the second-largest share during the forecast period 2022-2028.
In October 2022, US snack food producer TruFood has been acquired by Mubadala Capital.
In November 2021, Spain-based BioTech Foods will be taken over by JBS, the largest protein company in the world.