Plant Based Protein Market
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Plant Based Protein Market Overview
The report is titled as ‘Plant Based Protein Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Plant Based Protein market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Plant Based Protein market is expected to grow with significant rate in the near future.
The plant-based protein market is expected to reach at a value of US$ 23,086.0 Mn by 2030 end at a CAGR of 7.1%.
Plant Based Protein Market Introduction
Protein, as we all know it, is an extremely critical nutrient accountable for the growth, upkeep, maintenance and repair of our bodies. In addition to that, what makes protein all the more crucial is the certainty that the body does not store proteins in a manner it stores fats and carbohydrates – which means that one needs a sustained intake to meet the needs of the body.
Moreover, according to the Academy of Nutrition and Dietetics, there should be a regular intake of 0.8 grams of protein per kilogram of body weight – that transforms to roughly around 0.35 grams per pound. If an individual is lacking in proteins or fiber, he can easily fulfil it by incorporating certain plant proteins into your diet, such as pulses, peas and nuts. It is important to note that the plant-based proteins tend to be lesser in fats and calories in comparison to animal proteins but greater in fiber and essential nutrients. By switching plant proteins for animal proteins, one can mitigate the caloric intake and boost their regular nutrient profile.
The increasing demand for protein-rich diets following the increased awareness among consumers with regard to their personal health and well-being is majorly driving the growth of the global plant based protein market.
Plant Based Protein Market Segmentation
The global plant-based protein market is segmented on the basis of form, type, application, source process, and region.
By Form
Liquid
By Type
Soy Protein Concentrates
Soy Protein Isolates
Textured Soy Protein
Soy Flour, Grits, and Chunks
Wheat Protein
Vital Wheat Gluten
Wheat Protein Isolates
Hydrolysed Wheat Protein
Textured Wheat Protein
Pea Protein
Pea Protein Isolate
Pea Protein Concentrate
Pea Protein Textured
Canola Protein
Potato Protein
Rice Protein
Corn Protein
Others
By Application
Meat, poultry, and seafood
Bakery products
Meat alternatives
Dairy & dairy alternatives
Cereals & snacks
Beverages
Others
Feed Application
By Source Process
Organic Plant-Based Protein Ingredients
Non-Organic/Conventional Plant-Based Protein Ingredients
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Plant Based Protein Market Key Players
Some of the key participating players in global Plant Based Protein market are:
Archer Daniels Midland Company
Cargill, Incorporated
Roquette Freres Le Romarin, Ingredion Inc.
Kerry Group
DuPont de Nemours, Inc.
Now Foods
Tate & Lyle plc
Axiom Foods Inc.
AMCO Proteins
Burcon NutraScience Corporation
BENEO GmbH
Glico Nutrition Co., Ltd.
Glanbia plc
Corbion NV
Cosucra Groupe
Warcoing SA
Sotexpro
Farbest Brands
Crespel & Deiters GmbH & co. kg
Wilmar International Ltd.
CHS Inc.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Plant Based Protein
Advantages of Plant Based Protein
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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Frequently Asked Questions
The plant-based protein market is expected to reach at a value of US$ 23,086.0 Mn by 2030 end at a CAGR of 7.1%.
The increasing demand for protein-rich diets following the increased awareness among consumers with regard to their personal health and well-being is majorly driving the growth of the global plant based protein market.
The global plant-based protein market is segmented on the basis of form, type, application, source process, and region.
The key players profiled in the global plant-based proteins market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères Le Romain (France), Ingredion Incorporated (U.S.), Kerry Group (Ireland), DuPont de Nemours, Inc. (U.S.), Now Foods (U.S.), Tate & Lyle PCL (U.K.), Axiom Foods Inc. (U.S.), AMCO Protein (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (Germany), Glico Nutrition Co., Ltd (Japan), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International (Singapore), and CHS Inc. (U.S.).