Market Snapshot:
Plant protein is simply a meaningful food source of protein which is from plants. Plant proteins are experiencing their time in the limelight, with manufacturers launching plant-based completely protein products in retail and foodservice chains launching plant-protein menu innovations. Of late, growth in the demand for additional nutritional supplements is increasing consistently as customers seek sources to enable the body to gain proper nourishment. This, in turn, an increase in spending on these products significantly drives the growth of the global plant-based proteins market globally.
Highlights from Plant-Based Protein Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Value (2030) | USD 36.68 Million |
Unit | Value (USD Million) |
CAGR | 3.4% |
The key Vendors profiled in the report are Cargill (United States), Archer Daniels Midland Company (United States), DowDuPont (United States), Glanbia Plc (Ireland), Kerry Group (Ireland), Tate & Lyle PLC (United Kingdom), Ingredion Incorporated (United States), Burcon NutraScience Corporation (Canada), Koninklijke DSM N.V. (Netherlands), Sotexpro S.A. (France), Axiom Foods (United States), The Scoular Company (United States), Victoria Group (Serbia), Halcyon Proteins Pty. Ltd. (Australia) and Roquette Frères (France). Additionally, other players that are part of this comprehensive study are PlantFusion (United States), Bühler Group (Switzerland), Koyo Mercantile Co., Ltd. (Japan), Innova Flavors (A Division of Griffith Foods Inc.) (United States) and Garden of Life (A Atrium Innovations Company) (United States).
Geographic Breakdown and Segment Analysis
The Global Plant-Based Protein market presents a comprehensive analysis of the Plant-Based Protein market by end-user/application (Beverages, Nutrition Supplements, Food Industry, Sports Nutrition and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Plant-Based Protein industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Plant-Based Protein market
Analyst at AMA have segmented the market study of Global Plant-Based Protein market by Type, Application and Region.
Influencing Trend:
Increase in Trend of Health and Sustainability Globally and Social Media Trends to Sway More Consumers Toward Plant-Based Proteins
Market Growth Drivers:
Growing Popularity of Plant-Based Products in Developed Nations, Growing Cases Number of Lactose Intolerance and Milk Allergies and Huge Investments in Plant-Based Food Businesses by Market Players
Challenges:
Increase in Production of and Adulteration With Genetically Modified (GM) Soybean and Unpleasant Flavor of Soy Products
Restraints:
Allergies Associated With Plant-Based Protein Sources Includes Soy and Wheat and High Cost of Plant-Based Protein
Opportunities:
Constant Rise in Demand for Food With Organic Ingredients, Increasing Number of Health Conscious People across the World and Growing Consumers’ Focus on Meat Alternatives
Regulatory Insights:
The production and sourcing of plant proteins for the agro-food sector has repeatedly stimulated political debate at EU level. This Report is intended to meet the Commission’s commitment taken during the adoption process for Regulation (EU) 2017/2393, to review the supply and demand situation for plant proteins in the EU and to explore possibilities to further develop their production in an economically and environmentally sound way. In addition, the European Parliament adopted a report in April 2018 calling for a European strategy to promote European protein crops.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Plant-Based Protein Manufacturers, Plant-Based Protein Traders, Government and Research Organizations, R&D Institutions, End-Users and Others