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.
Plant Based Protein-Market Insights :
Drivers-
- 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
- Advancements in ingredient technologies such as microencapsulation
Restraints-
- Significant preference for Animal based protein
- Fluctuating raw material prices
Challenges-
- Increasing soy-free and gluten-free trend
Opportunity-
- Aquatic plants - new and emerging sources of protein
- Increasing inclination towards vegan diet
- Emerging economies- Southeast Asia, Latin America, Middle East & Africa
Scope of the Report:
Plant Based Protein Market by Type
- Soy Protein-
- Soy Protein Concentrates
- Soy Protein Isolate
- Textured Soy Protein
- Soy Flour, Grits, Chunks
- Wheat Protein-
- Vital Wheat Gluten
- Wheat Protein Isolate
- Hydrolyzed Wheat Protein
- Textured Wheat Protein
- Pea Protein-
- Pea Protein Isolate
- Pea Protein Concentrate
- Others
- Canola Protein
- Potato Protein
- Rice Protein
- Corn Protein
- Others
Plant Based Protein Market by Application
- Foods and Beverages-
- Meat, Poultry, & Seafood
- Bakery
- Meat Analogue
- Dairy & Dairy Alternatives
- Cereals & Snacks
- Beverages
- Others
- Animal Feed-
- Nutrition & Health Supplements-
- Pharmaceuticals-
- Others
Plant Based Protein Market by Geography
- North America-
- Europe-
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)-
- China
- Japan
- India
- Australia
- Rest of APAC (RoAPAC)
- Rest of World-
- Latin America
- Middle East and Africa
- Here are Top 10 companies in Plant-based Protein
Key questions answered in the report:
Growing food & beverage and nutrition & health supplements industry to drive the adoption of plant based protein
- How does the adoption of plant based proteins in food and beverage industry differ from the adoption in nutrition and health supplements industry?
- What impact does this have on the adoption of plant based proteins in comparison to other application segments?
- Which are the high growth market segments in terms of types, and regions/countries?
The North American plant based protein market favors both larger and local manufacturers that compete in multiple segments
- Who are the top competitors in this market and what strategies do they employ to gain shares?
- What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
- What strategies should new companies looking to enter this market use to compete effectively?
- What are the major drivers, restrains, challenges, and opportunities in the global plant based protein market?
- Who are the major players in various countries and what share of the market do they hold?
- What are the geographical trends and high growth regions/ countries?
Recent new product launches, partnerships, mergers & acquisitions, and expansions taken place in the plant based protein market
- What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the plant based protein market?
- Which companies have created partnerships and how will these partnerships promote a competitive advantage?
- Who are the major players in the global plant based protein market and what share of the market do they hold?
- Who are the local emerging players in the plant based protein market and how do they compete with the global players?
Contact –
Meticulous Market Research Pvt. Ltd.
Khushal Bombe
sales@meticulousresearch.com
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