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
Scope of the report
Plant-based Protein Market, by Type
- Soy Protein
- Soy Protein Concentrates
- Soy Protein Isolates
- Textured Soy Protein
- Soy Flour, Grits, & Chunks
- Wheat Protein
- Vital Wheat Gluten
- Wheat Protein Isolates
- Hydrolysed 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 Crop Type
- Genetically Modified Organism Crops
- Non- genetically Modified Organism Crops
Plant-based Protein Market, by Source Process
- Conventional Plant-Based Protein Ingredients
- Organic Plant-Based Protein Ingredients
Plant-based Protein Market, by Form
- Solid (Dry)
- Liquid
Plant-based Protein Market, by Application
- Food and Beverages
- Meat, Poultry, & Seafood
- Bakery
- Meat Analogue
- Dairy & Dairy Alternatives
- Cereals & Snacks
- Beverages
- Others
- Animal Feed
- Nutrition & Health Supplements
- Pharmaceuticals
- Others
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Related Report
Alternative Protein Market by Stage/Type (Emerging Alternative Protein, Adolescent Alternative Protein, Matured Alternative Protein), Application (Plant-Based Products, Insect-Based Products, Microbial Products) - Global Forecast to 2027
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