Protein Ingredients Market to Reach USD 121.53 Billion by 2031, Driven by Rising Demand for Functional and High-Protein Foods

The global protein ingredients market is projected to grow from USD 83.14 billion in 2026 to USD 121.53 billion by 2031, with a CAGR of 7.9%. Europe leads with 33.3% market share, while South America shows fastest regional growth. Insect-based proteins are the fastest-growing segment due to sustainability benefits. Key players include ADM, Cargill, Kerry Group, and Roquette, with recent product launches and partnerships driving innovation in plant-based and alternative proteins.