Plant Based Protein Market Research Report

 

The GMI Research forecasts that the plant-based protein market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing vegan population and growing awareness related to the benefits of protein.

Introduction of the Plant Based Protein Market:

Plant-based protein is obtained from plant sources. Plant-based protein is an alternative for meat, including black beans, tofu, sunflower seeds, and others. It is also rich in protein, which helps in decreasing animal protein in the diet. Plant-based protein consists of various nutrients, including minerals, vitamins, antioxidants, little saturated fat, and fiber.

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Plant Based Protein Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The global plant-based protein market is expected to witness strong growth in the market during the forecast period due to the increasing vegan population, coupled with growing awareness related to the benefits of protein. Moreover, the major factors contributing to the growth of the plant-based protein market size include rapid urbanization, growing disposable income, rising demand for protein-rich diet, increasing concern related to animal-based products, and changing consumption of consumers globally. Growing usage of soy protein in the food industry and the rising health and wellness sector will fuel the global plant-based protein market growth.

The increasing adoption of a healthy lifestyle among millennials and the significantly changing consumer's preference towards organic and plant-based products are some other factors enhancing the demand of the plant-based protein market share in terms of revenue during the forecast period. Various exceptional benefits provided by the plant-based protein such as decreases the risk of cancer and cardiovascular disease as it consists of little sodium, saturated fat, and cholesterol and aids in enhancing gut health, thus boosting the market growth. For example, the emergence of the COVID-19 has a positive impact on the growth of the global plant-based protein market due to an upsurge in demand for a healthier lifestyle among the population and the growing adoption of plant-based products. On the other hand, the factors hindering the growth of the market include the easy availability of substitute protein products such as gluten-free and soy-free.

Key Players of the Global Plant Based Protein Market:

·        Cargill, Incorporated

·        Kerry Group

·        Wilmar International Limited

·        DowDuPont Inc.

·        Archer Daniels Midland

·        Glanbia PLC

·        DSM

·        Roquette Freres

·        Emsland Group

·        PURIS

Plant Based Protein Market Segmentation:

Segmentation by Type:

·        Isolates

·        Concentrates

·        Textured Protein

Segmentation by Application:

·        Feed

·        Food

o    Meat Alternatives

o    Dairy Alternatives

o    Bakery

o    Performance Nutrition

o    Convenience Foods

o    Others

Segmentation by Source:

·        Soy

·        Pea

·        Wheat

·        Others

Segmentation by Form:

·        Dry

·        Liquid

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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