Proteins are essential for the building blocks of muscles. The protein concentration in the plant-based protein ranges from 50%-85% and is flawless for vegan and vegetarian diet plans. Global demand for plant-based proteins is growing and major, occurring opportunities await key players that serve the plant-based alternatives for meat, dairy, and seafood consumers want. In addition, brands must surpass rivals with elastic supply chains to support constant development. In recent years, the plant-based market has shifted from developing the latest opportunity to a significant business. For instance, the European meat substitute market approximately doubled in size between 2014 and 2019, As per the Euromonitor. By 2024, the market is estimated to be worth €2.4 billion ($2.8 billion). A similar story is playing out over the Atlantic. Additionally, the US market for plant-based food grew by 29% from 2017 to 2019. With eating and exercise routines obstructed in 2020, fitness and weight management are becoming top priorities for many consumers. Thus, 2021 is also the year for getting back in shape.
The global Plant-Based Protein market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Plant-Based Protein market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Plant-Based Protein Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Plant-Based Protein market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
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Key Industry Players in Plant-Based Protein Market:
- Cargill Incorporated (US)
- Archer Daniels Midland Company (ADM) (US)
- DuPont (US)
- Kerry Group (Ireland)
- DSM (Netherlands)
- Wilmar International (US)
- Cosucra Groupe (Belgium)
- Emsland Group (Germany)
- Axiom Foods (US)
- Ingredion (US)
- Roquette Frères (France)
- PURIS (US)
- Burcon NutraScience Corp. (Canada)
- Sotexpro (France).
- Glanbia (Ireland)
- Batory Foods (US)
- AGT Food Ingredients (Canada)
- Prolupin GMBH (Germany)
- Aminola (Netherlands)
- Herblink Biotech Corporation (China)
- BENEO (Germany)
- ET Chem (China)
- Shandong Jianyuan Group (China)
- The Green Labs LLC (US)
- Parabel (US) and other major players.
Plant-based proteins are taken into consideration a extra sustainable opportunity for animal sourced proteins, on the subject of both personal and environmental health. The demand for plant-based foods increased due to rise in adoption of veganism and health concerns such as cardiovascular diseases have contributed to the growth of this industry. Plant-based proteins are also becoming increasingly popular among the consumers because of their perceived health benefits of obesity management which is also a prevalent issue globally.
Segmentation Analysis Includes,
By Source:
- Soy
- Wheat
- Pea
- Rice
- Potato
- Corn
- Others
By Type:
- Concentrates
- Isolates
- Textured
By Form:
- Dry
- Liquid
By Application:
- Food Beverages
- Animal Feed
- Nutritional Supplements
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Questions Answered in the Baobab Market Research Report:
- What is the study period of this market?
- Which region has largest share in Plant Protein Market?
- What are some of the drivers fuelling the growth of the plant-based protein market?
- What kind of information is provided in the competitive landscape section?
- Which is the leading source in the plant-based protein market?
COVID-19's interaction with animal sources will result in a broad population opting for plant-based proteins over animal proteins due to numerous health and environmental issues. Furthermore, unlike red meat, which is relatively labor-intensive, plant proteins are produced with less reliance on labor, making them less susceptible to staffing scarcity. This encourages the development of plant-based proteins.
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The rising popularity of vegan or vegetarian food is driving the demand for plant-based proteins. Plant-based proteins are likely to provide all essential nutrients required for your body, along with amino acids. Consumers are reducing their use of animal-based products and animal-based food such as milk, meat, meat products, etc. This factor is positively influencing the plant-based protein market.
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https://introspectivemarketresearch.com/reports/plant-protein-ingredients-market/
https://introspectivemarketresearch.com/reports/vegetable-protein-market/
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