The increasing awareness among the health-conscious population and the changing dietary preferences of the consumers are driving the demand of the plant-based protein market.
Vancouver, BC -- (SBWIRE) -- 12/21/2020 -- Plant-based Protein Market
Plant-based proteins have garnered immense importance across the world with their ability to meet the rising demand for proteins from non-meat sources. Plant-based meat substitutes have been recognized as a healthy source of proteins that confer numerous socio-economic and health benefits. The increasing consciousness pertaining to health and the changing dietary preference of the consumers is predicted to bolster the need for plant-based protein market. The global Plant-based Protein Market is anticipated to register an annual growth rate of 7.0% to reach a valuation of USD 16.63 million by 2027, according to the current analysis by Emergen Research.
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Key Players Profiled in the Report are:
CARGILL, ARCHER DANIELS MIDLAND (ADM), DuPont, ROQUETTE FRÈRES, GLANBIA, WILMAR INTERNATIONAL, DSM, KERRY GROUP, EMSLAND GROUP, and INGREDION, among others.
Market Drivers
Rising consumer preference shift to vegetarian food, and the growing vegan population is bolstering the demand for plant-based proteins. Major factors contributing to the progress of the industry are increasing occurrences of lactose intolerance, glutamic disorders, heart disorders, and type 2 diabetes. Augmenting demand for protein-rich diet, rising concern surrounding animal-based products, and the preference for organic food are further forecasted to propel the industry's progress. Moreover, the COVID-19 pandemic has positively impacted the industry as the sales for plant-based foods saw a massive surge during the period. This can be accredited to the changing consumer patterns to incorporate healthier and safer products in their diet.
Type Outlook (Revenue, USD Billion; 2017-2027)
Protein Concentrates
Protein Isolates
Textured Protein
Form Outlook (Revenue, USD Billion; 2017-2027)
Liquid
Dry
Application Outlook (Revenue, USD Billion; 2017-2027)
Food Ingredients
Animal Feed
Source Outlook (Revenue, USD Billion; 2017-2027)
Pea
Soy
Wheat
Others (Rice, Potato, Canola, and Oats)
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Key Coverage of the 777 Market:
Insightful information regarding the global Plant-based protein market
Identification of growth in various segments and sub-segments of the Plant-based protein market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations
Regional Analysis
North America is forecasted to command the market owing to the escalating vegan population in the area coupled with increased adoption of sports and nutritional supplements and the presence of key companies in the region. The Asia Pacific is predicted to be the rapidly-growing market during the forecast timeframe owing to the rapid urbanization, evolved eating habits, and the accelerating progression in the agriculture sector.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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