World
protein demand is rising in parallel with the growing population. According to
the FAO/UN forecast, in 2050, the global food demand, particularly for protein,
will be twice the demand in 2013 (FAO, 2013). When global food security is
considered, protein will become the limiting macronutrient, and the world
population will require sufficient quantities of protein with adequate quality.
Further, in recent years, high protein diets and products have made a real
impression on nutrition, and re-shaping consumer’s attitudes towards protein on
their food intake as adequate nutrition is an important aspect of a healthy
lifestyle for all individuals.
With
increasing world-population and welfare, the demand for protein as a
food-nutritional component is rising sharply. The high protein trend is gaining
traction and will continue to evoke interest in the upcoming years. Consumers
have become more aware of protein benefits in supporting an active lifestyle.
Proteins can help reduce diabetes and cardiovascular disease risk. It is a vital
nutrient required to build, maintain, and repair tissues, cells, and organs
throughout the body. It also plays a vital role in the growth and development
of children and aged people. Also, there is a growing awareness of the negative
health aspect of eating red meat. This is leading to a significant increase in
plant-based protein production and consumption.
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Moreover,
a protein-rich diet has also been proven to alleviate several health concerns.
Consumers are aware that they need to incorporate a certain amount of protein
into their daily diets, driven by the increasing health consciousness.
According to the European Association for the Study of Diabetes (EASD), high
protein diets improve blood sugar control in patients with type 2 diabetes
without any adverse effects on kidney function.
Decreased
vegetable protein intake and increased dietary acid load are associated with a
higher prevalence of metabolic syndrome in patients with type 2 diabetes
(Source: Journal of Diabetes Investigation). Additionally, protein is important
for bone health and bone mineral density (BMD). In contrast to hypothesized
risk of high protein, the Journal of Nutrition, Health, and Aging concluded
that for adults 50+ years, low protein intake (below 15% TEI) might lead to
increased fracture risk. These kinds of studies pave the way for even more
products to be launched on the market with protein claims, leading to support
the global plant-based proteins market.
Meticulous
Research®, in its
latest publication on ‘Plant-Based
Proteins Market,’ states that the global plant-based proteins
market is expected to reach $21.23 billion by 2027, supported by a CAGR of 9.5%
during the forecast period of 2020 to 2027.
Key
Players
The
report includes a competitive landscape based on an extensive assessment of the
key strategic developments adopted by the leading market participants in the
plant-based proteins market during this years. The key players profiled in the
global plant-based proteins market are Archer Daniels Midland Company (U.S.),
Cargill, Incorporated (U.S.), Roquette Frères Le Romain (France), Ingredion
Incorporated (U.S.), Kerry Group (Ireland), DuPont de Nemours, Inc. (U.S.), Now
Foods (U.S.), Tate & Lyle PCL (U.K.), Axiom Foods Inc. (U.S.), AMCO Protein
(U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (Germany), Glico
Nutrition Co., Ltd (Japan), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA
(Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH
& Co. KG (Germany), Wilmar International (Singapore), and CHS Inc. (U.S.).
TOP
10 COMPANIES IN PLANT BASED PROTEIN MARKET
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