According to the current analysis of Reports and Data, the global Plant protein market was valued at USD 10.28 Billion in 2020 and is expected to reach USD 17.52 Billion by the year 2028, at a CAGR of 6.80%. Plant-based protein products developed from plant sources such as soy, wheat, and pea. Plant-based proteins used in drinks, dairy alternatives, nutrition supplements, protein bars, meat alternatives, processed meat, bakery, food poultry seafood, and sports nutrition. These products are to improve their nutritional and functional properties, such as texturing, stabilizing, emulsifying, solubility, and binding. Consumers are focused on a better knowledge of the origin of their food and avoid products believed unnatural or unhealthy. These “clean” eating trends, driven primarily by millennials, favor foods that are healthy, ethically and naturally sourced, and less processed. Increased plant-based protein product consumption is a direct consequence of this shift.
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Top Companies Operating in the Global Plant Protein Market Report:
Glanbia Plc, Cargill Inc., Archer Daniels Midland Company, DuPont, Kerry Group, Ingredion Incorporated, Tate Lyle, Royal DSM, Roquette Freres, and Axiom Foods.
The factors that drive the industry's growth are highlighted in the report. The report divides the Plant Protein market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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This report analyzes the Plant Protein market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Plant Protein market is provided to gain a deeper understanding of its growth and progress.
The global Plant Protein market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Form (Revenue, USD Billion; 2020–2028, Volume, Kilo Tons; 2020-2028)
- Protein Isolates
- Wheat Protein Isolates
- Soy Protein Isolates
- Pea Protein Isolates
- Others
- Protein Concentrates
- Wheat Protein Concentrates
- Soy Protein Concentrates
- Pea Protein Concentrates
- Others
- Textured Proteins
- Textured Wheat Protein
- Textured Soy Protein
- Others
- Others
Source (Revenue, USD Billion; 2020–2028, Volume, Kilo Tons; 2020-2028)
- Wheat Protein
- Soy Protein
- Pea Protein
- Others (Canola Protein, Potato Protein, Rice Protein, Corn Protein, among others)
Type (Revenue, USD Billion; 2020–2028, Volume, Kilo Tons; 2020-2028)
- Powder
- Tablets
- Bars
- Others
Distribution Channel (Revenue, USD Billion; 2020–2028, Volume, Kilo Tons; 2020-2028)
- Online
- Specialty Stores
- Supermarkets Hypermarkets
- Departmental Stores
- Others
Application (Revenue, USD Billion; 2020–2028, Volume, Kilo Tons; 2020-2028)
- Food
- Meat alternatives
- Processed meat, poultry, and seafood
- Bakery products
- Convenience food
- Nutritional supplements
- Other processed food
- Dairy Other Beverages
- Protein beverages
- Dairy alternatives
- Others
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