Plant Protein Ingredients Market is valued at USD 14.64 Billion in 2021 and it is expected to reach USD 23.66 Billion by 2028 with a CAGR of 7.10% over the forecast period.
Plant Protein Ingredients Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing awareness about benefits of plant protein ingredients among consumers and changing preference of consumers towards organic protein products as well as rising adoption of veganism owing to human health and environmental concern across worldwide are some important factors driving the growth of plant protein ingredients market.
Plant protein ingredients are derived from plant sources such soy, pea, potato, wheat, corn, rice and others. Plant protein has nutritional value, it has huge application in food & beverage, cosmetics, pharmaceuticals and animal feed industry. There is various plant based protein available in the market such as pea protein, soy protein, rice protein, potato protein etc. in different form such as powder, liquid. Pea protein is a high quality protein and rich in iron. Pea protein powder is made by extracting protein from yellow peas. It builds muscles and reduces risk of heart diseases. Rice protein is an important plant based protein it is used as ingredients in many products such as in dietary supplements and infant food. Benefits of plant protein ingredients are it is lower in calories and fats than animal protein, helps in reduce weight, keeps gut healthy, improve athletic performance.
Plant protein ingredients market is segmented into source, form, application, region and country. On the basis of source, plant protein ingredients market is segmented into soy, wheat, rice, pea, potato and others. Based on the form, plant protein ingredients market is segmented into powder and liquid. On the basis of application, plant protein ingredients market is segmented into food & beverage, pharmaceuticals, cosmetics, dietary supplements and others.
The regions covered in global plant protein ingredients market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global plant protein ingredients market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global plant protein ingredients market reports cover prominent players like, Cargill, Axiom Food Corporation, Reliance Private Label Supplements, Archer Daniels Midland Company (ADM), Kerry Group PLC, Roquette Frères, Cambridge Commodities Inc., The protein Cluster, Others.
Cargill has launched new plant based protein brand “PlantEver”.
News: 30 June 2020- Cargill has launched new brand for plant based protein called “PlantEver” for consumers in china. PlantEver™ is offering two plant-based products, a chicken-alternative nugget and beef-alternative patty. These products provide nutrition value of veggie products. These plant-based protein products are produced locally in Cargill’s facilities in Chuzhou, Anhui Province in China.
Plant Protein Ingredients Market Dynamics-
The key factor for the growth of plant protein ingredients market is increasing demand of plant based protein among the people. Furthermore, increasing adoption of veganism owing to environmental concern among the consumers is driving the growth of plant protein ingredients market. In addition, increasing consumption of plant based protein owing to health benefits coupled with growing awareness among people effects on meat consumption on environment this drives plant protein ingredients market. Additionally, rising demand of plant protein ingredients in food and beverage, pharmaceutical industry owing to nutritional benefits coupled with product innovation of plant based protein by many manufacturers to alternative to animal based products protein is driving the growth of plant protein ingredients market. However, the factors which restrict the growth of plant protein ingredients is fluctuation in raw material prices owing to dependence on weather condition for crop yield. Moreover, innovation in different form of plant protein ingredients will create huge opportunity in plant protein ingredients market.
Plant Protein Ingredients Market Regional Analysis-
North America is expected to dominate the growth of plant protein ingredients market due to increasing prevalence of obesity in U.S. as plant based protein is very effective for weight loss. According to, Centers for Disease Control and prevention (CDC) the disease of obesity affects about 78 million Americans. Furthermore, increasing consumption of plant based protein in this region drives plant protein ingredients market.
Asia-Pacific is projected to grow at faster pace due to rising consumption of plant based protein owing to presence of huge population in countries such as China, India. Furthermore, increasing demand for plant protein ingredients in food and beverage industry is driving the growth of plant protein ingredients market in this region.
Europe is anticipated to grow due to increase in adoption of vegan owing to environmental concern. Furthermore, support of regulatory standards by EFSA regarding daily intake of plant protein for health benefits this drives plant protein ingredients market.
Key Benefits for Plant Protein Ingredients Market Reports –
Global plant protein ingredients market report covers in depth historical and forecast analysis.
Global plant protein ingredients Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global plant protein ingredients market report helps to identify opportunities in market place.
Global plant protein ingredients market report covers extensive analysis of emerging trends and competitive landscape.
By Source: Soy, Wheat, Rice, Pea, Potato, Others
By Form: Powder, Liquid
By Application: Food & beverage, Dietary supplements, Pharmaceuticals, Cosmetics, Others
Regional & Country Analysis
Middle East and Africa