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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.

In 2020, global plant-based protein market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

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

Dry/Solid

Liquid

By Type

Soy Protein

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

Food 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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