Plant Based Protein Market

Plant Based Protein Market Growth, Trends, Challenges and Forecast 2023-2028

No comments

Plant Based Protein Market Outlook:

Plant based protein represents the protein obtained from various plants instead of animals or fish. Some popular sources include soy, nuts, seeds, tofu, pulses, grains, tempeh, seitan, oat, quinoa, rice, and peas. Plant based protein products are typically lower in saturated fats than animal proteins and contain high fiber and essential nutrients, such as probiotics, vitamins, minerals, antioxidants, etc. They help to reduce the risk of cardiovascular disorders, type 2 diabetes, cancer, osteoarthritis, osteoporosis, and Alzheimer’s disease. Plant based protein items even contain phytochemicals, which assist in lowering weight, preventing obesity, and promoting gut health. Consequently, they are in extensive demand across the globe.

The global plant-based protein market is expected to exhibit a growth rate (CAGR) of 7.4% during 2023-2028.

Plant Based Protein Market Trends:

The emerging trend of veganism across countries and the escalating health consciousness among consumers are primarily driving the plant based protein market. Besides this, the shifting preferences from animal-based products to plant-based foods and beverages and the growing focus on sustainable living and reducing dependence on animal protein, on account of the increasing concerns regarding animal cruelty, are acting as significant growth-inducing factors. Furthermore, the inflating investments by leading manufacturers in research and development (R&D) activities for launching innovative plant-protein-enriched products to cater to the needs of the expanding vegan population are also positively influencing the global market. Apart from this, the introduction of ready-to-drink plant-based protein supplements and the rising inclination for clean-label products are further stimulating the market growth. Moreover, the elevating adoption of pea protein owing to its gluten-free, allergen-free, and lactose-free properties are expected to bolster the plant based protein market over the forecasted period.

Request For a Free PDF Sample Report: https://www.imarcgroup.com/plant-based-protein-market/requestsample

Other Post You May Be Interested In

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Plant Based Protein Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the plant-based protein market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • AGT Food and Ingredients
  • Archer-Daniels-Midland Company
  • Axiom Foods Inc.
  • Cargill Incorporated
  • Dupont De Nemours Inc.
  • Glanbia plc
  • Ingredion Incorporated
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Roquette Frères
  • Tate & Lyle PLC
  • The Scoular Company
  • Wilmar International Limited.

Key Market Segmentation:

The report has categorized the market based on source, type, nature, application and regiion.

Breakup by Source:

  • Soy
  • Wheat
  • Pea
  • Others

Breakup by Type:

  • Concentrates
  • Isolates
  • Textured

Breakup by Nature:

  • Conventional
  • Organic

Breakup by Application:

  • Food
    • Meat Alternatives
    • Dairy Alternatives
    • Bakery Products
    • Performance Nutrition
    • Convenience Foods
    • Others
  • Feed

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

134 N 4th St.

Brooklyn, NY 11249, USA

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800

SHARE NOW
Tagged with , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *