About Plant Protein Ingredient
Plant protein ingredient contributes significantly to a food resource because it encompasses essential amino acids for meeting human physiological requirements. Many plant protein ingredients are used as medicinal agents as they are produced by using molecular tools of biotechnology. Plant proteins come from various sources such as soy protein, wheat protein, pea protein, vegetable protein, and many more. Demand for plant protein is increasing at a high pace owing to various factors. Plant protein acts as an excellent alternative to animal protein sources due to the easy digestibility, sustainability in production, and relatively lower price. This has led to significant growth in the market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Vendors having a strong hold in the market are Danisco A/S (DuPont Nutrition & Health), Archer-Daniels-Midland Company, and Cargill Incorporated. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plant Protein Ingredient market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danisco A/S (DuPont Nutrition & Health) (Denmark), Archer-Daniels-Midland Company (United States), Cargill Incorporated (United States), A & B Ingredients Inc (United States), Manildra Group (Australia), Lactalis Ingredients (France), Hilmar Ingredients (United States), Leprino Foods Company (United States), Glanbia plc (Ireland), Greenleaf Foods (United States), Vyse Gelatin LLC. (United States) and Kerry Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Axiom Foods Inc. (United States) and Burcon Nutrascience (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Plant Protein Ingredient market by Type (Organic and Conventional), Application (Feed Industry, Pharmaceutical Industry, Cosmetic Industry, Nutritional Supplements, Food, Beverage, Bakery Products and Others) and Region.
On the basis of geography, the market of Plant Protein Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredient, the sub-segment i.e. Wheat will boost the Plant Protein Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Plant Protein Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The popularity of Plant Protein Ingredient like Pea Protein & Brown Rice and Protein Ingredients Packed Snacks and Beverages are Highly Consumed in Australia
Market Growth Drivers:
Rising Health Consciousness in People about Healthy Diets and Food Products and The Increasing Number of Diseases and Health Problems Requires Consumption of Protein Rich Products
Challenges:
Stiff Competition in the Plant Protein Ingredient Market
Restraints:
Problem with the Correct Ingredient Labeling & Packaging Might be a Hinder for Market
Opportunities:
Surging Demand for the Plant Protein Ingredient based Nutritional Supplements and Rising Spendings of People in Plant Protein Ingredient Products
Market Leaders and their expansionary development strategies
"According to the Food Standards Code or the Therapeutic Goods Act, supplements cover a range of products in Australia, including vitamins, minerals, sports nutrition products such as protein powders, and other goods that may improve nutrition and performance. The TGA provides a food-medicine interface guidance tool to help in determining whether a product is a medicine or food. Some of the considerations include the form of the product (capsule, tablet, liquid), whether the product contains a scheduled substance, how the product is represented, i.e. for human therapeutic use, whether people are likely to perceive the product as being for therapeutic use due to the way it is presented the types of claims the product makes."
Key Target Audience
Plant Protein Ingredient Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.