Plant Based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein) and Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, Pharmaceuticals) – Global Forecast to 2025
Pune, India – January 16, 2020 /MarketersMedia/ —
The desire for clean labels, ease of digestion, the need or desire to avoid allergens, compatibility with vegetarian and vegan lifestyles and concerns about sustainability among the general population are putting the spotlight on plant proteins. Consumer notions of what constitutes a good protein source are expanding to include a wider variety of plant protein ingredients. Subsequently, interest in plant protein ingredients among food manufacturers and food service operators is intensifying, thereby fueling the growth of the global plant-based protein market. Meticulous Research® in its latest publication on Plant-Based Protein Market states that the global Plant Based Protein market will increase at a CAGR of 8.1% from 2019 to 2025 to reach $14,319.8 million by 2025.
Growth of the global Plant Based Protein market is mainly attributed to increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumers focus on meat alternatives, growing demand from food & beverage industry, and various advancements in ingredient technologies such as microencapsulation. In addition, new and emerging sources of protein such as aquatic plants, increasing inclination towards vegan diet, and emerging economies such as Latin America, South East Asia, and Africa provides significant opportunities to the manufacturers in the global plant-based protein market.
To provide efficient analysis, Meticulous Research has segmented this market on the basis of type (soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and others), application (food & beverages, animal feed, nutritional & health supplements, pharmaceuticals, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to the well-established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, and growing health & wellness trend.
While in terms of applications, food & beverage segment accounted for the largest share in the global Plant Based Protein market in 2019. The large share of this segment is mainly attributed to high consumer demand for sustainable products, growing awareness about the health benefits of plant proteins, increasing health concerns over animal products and ingredients, increasing vegan population, arising meat prices, and rising clean label trend.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romarin (France), Ingredion Inc. (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (U.S.), NOW Foods (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), AMCO Proteins (U.S.), Burcon Nutrascience Corporation (Canada), Beneo GmbH (Germany), Glico Nutrition Co., Ltd. (Japan), Glanbia plc. (Ireland), Corbion NV (the Netherlands), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).
1.1. Market Ecosystem
1.2. Currency and Limitations`
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.6. Market Share Analysis, by Key Player, 2018
5. Global Plant Based Protein Market, by Type
5.2. Soy Protein
5.2.1. Soy Protein Concentrates
5.2.2. Soy Protein Isolates
5.2.3. Textured Soy Protein
5.2.4. Soy Flour, Grits, and Chunks
5.3. Wheat Protein
5.3.1. Vital Wheat Gluten
5.3.2. Wheat Protein Isolates
5.3.3. Hydrolysed Wheat Protein
5.3.4. Textured Wheat Protein
5.4. Pea Protein
5.4.1. Pea Protein Isolate
5.4.2. Pea Protein Concentrate
5.5. Canola Protein
5.6. Potato Protein
5.7. Rice Protein
5.8. Corn Protein
6. Global Plant Based Protein Market, by Application
6.2. Food and Beverages
6.2.1. Meat, Poultry, and Seafood
6.2.3. Meat Analogue
6.2.4. Dairy and Dairy Alternatives
6.2.5. Cereals & Snacks
6.3. Animal Feed
6.4. Nutrition & Health Supplements
6.6. Others …….Continue
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