The Future of Protein Ingredients: Key Opportunities and Market Insights | Industry to Reach $85.6 Billion by 2028 [Yahoo! Finance]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Yahoo! Finance
expected to expand from $61.0 billion in 2023 to $85.6 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 7.0%. This growth is primarily attributed to rising health awareness, a surge in fitness-focused lifestyles, and increased consumer interest in protein-rich diets and plant-based options. The latest findings by the International Food Information Council underscore this trend, revealing that 71% of consumers aimed to consume more protein in 2024, a marked increase from 59% in 2022. High-protein diets have gained traction to support muscle growth and recovery, aligning with the expanding fitness and sports nutrition sectors. Additionally, as consumers prioritize health-conscious choices, demand for fortified foods and protein supplements has grown, propelling the protein ingredients market forward. Opportunity: Rising Demand for Plant-Based Proteins The global shift toward plant-based diets presents a substantial opportunity within the protein ingredients mar
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BRFS
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- BRFS's page on the SEC website