Industry Background:
Plant-based protein provides building blocks for healthy muscles and tissues and also helps to reduce weight. People are rapidly shifting towards organic and plant-based products from food & beverages to cosmetics, personal care products, clothes, etc. due to increasing awareness about animal cruelty and benefits of plant-based diet. Most plant-based protein contains fiber, minerals, and other nutrients that reduce the risk of cardiovascular disease, cancer, and others. Increasing the number of health-conscious populations and nutrient deficiency due to lack of proper diet will boost the demand for organic plant-based protein to maintain or lose weight and fill nutrient deficiency.This growth is primarily driven by Surging Demand for Organic Products Across the Globe Due to Growing Awareness About Its Benefits
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | Orgain (United States), Fast&Up (India), OZiva (India), Terra Origin (India), BodyMe (United Kingdom), KOS Naturals (United States), Ora Organic (United States), Elementa Ingredients (France), Organic Plant Protein A/S (Denmark), Aloha (United States) and YouBar (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Increased Focus by Key Manufacturers on Addition of New Flavor and Texture. Major Vendors, such as Orgain (United States), Fast&Up (India), OZiva (India), Terra Origin (India), BodyMe (United Kingdom), KOS Naturals (United States), Ora Organic (United States), Elementa Ingredients (France), Organic Plant Protein A/S (Denmark), Aloha (United States) and YouBar (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Kerry acquired Spanish plant protein ingredients company Pevesa Biotech to expand itself in the rapidly growing organic plant protein market. Pevesa offers organic and conventional rice protein hydrolysates, pea protein isolate, pea and rice protein, which is used in nutritional supplements, protein waters, and energy bars. The acquisition will bring Pevesa’s global expertise, innovation, patented technology, and plant protein portfolio.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Drivers
- Surging Demand for Organic Products Across the Globe Due to Growing Awareness About Its Benefits
- Rapidly Growing Vegan Population and Gym Going People to Maintain Weight and Bodybuilding
Market Trend
- Increased Focus by Key Manufacturers on Addition of New Flavor and Texture
Restraints
- High Cost of Organic Plant-based Protein Due to Availability of High-quality Ingredients
Opportunities
Increased Adoption of Protein Supplements Across the Globe to Fill Nutrient Deficiency
Challenges
Plant-based Protein Powder Contains Heavy Metals That May Hamper the Growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Organic Plant-Based Protein Study Sheds Light on
The Organic Plant-Based Protein Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Organic Plant-Based Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Plant-Based Protein industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.