Plant Based Protein Market Outlook
Plant-based protein is a significant food source or product with high protein content. It is derived from plants, such as chickpeas, lentils, beans, tofu, soya, tempeh, nuts, seeds, seitan, grains, and peas. Besides being a good source of protein, it is further enriched with fiber, vitamins, minerals, and phytochemicals that reduce weight, promote gut health, minimize obesity, and maintain healthy blood and nerve cells.
The global plant-based protein market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Additionally, regular consumption of plant-based protein lowers the risks of several cardiovascular disorders (CVDs), cancer, diabetes, osteoporosis, and Alzheimer’s disease. Consequently, plant-based protein is used to prepare various dishes as a suitable alternative to meat due to its similar taste, nutrient values, and texture.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Plant Based Protein Market Trends:
The growing health consciousness and the rising consumer awareness regarding the availability and nutritional values of several plant-based protein products, including chia seeds, protein shakes, and dietary supplements, are majorly driving the market growth. This is further influenced by the shifting consumer inclination towards multiple meat alternatives due to their detrimental impact on human health.
Moreover, the emergence of vegan, vegetarian, and lactose intolerant population are facilitating the adoption of plant-based protein products, which is favoring the market growth. Furthermore, the escalating demand for non-genetically modified organisms (GMO), organic, dairy-free, and allergen-free consumer goods is propelling the market growth. Besides this, the widespread product adoption in restaurants over animal-sourced proteins due to sustainability and the extensive usage of microencapsulation technology to maintain the stability of nutrients are supporting the market growth.
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In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players:
- AGT Food and Ingredients
- Archer-Daniels-Midland Company
- Axiom Foods Inc.
- Cargill Incorporated
- Dupont De Nemours Inc.
- Glanbia plc
- Ingredion Incorporated
- Kerry Group plc
- Koninklijke DSM N.V.
- Roquette Frères
- Tate & Lyle PLC
- The Scoular Company
- Wilmar International Limited.
Key Market Segmentation:
The report has categorized the market based on source, type, nature and application.
Breakup by Source:
- Soy
- Wheat
- Pea
- Others
Breakup by Type:
- Concentrates
- Isolates
- Textured
Breakup by Nature:
- Conventional
- Organic
Breakup by Application:
- Food
- Meat Alternatives
- Dairy Alternatives
- Bakery Products
- Performance Nutrition
- Convenience Foods
- Others
- Feed
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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