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.
Plant-based Protein Market by Type (Soy Protein, Wheat
Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein), Crop Type
(GMO), Source Process (Organic), and Application (Food and Beverages, Animal
Feed) - Global Forecast to 2028
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10 COMPANIES IN PLANT BASED PROTEIN MARKET
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