Plant Based Ingredients Market trend is propelled by growing consumer consciousness towards meat substitutes products and demand for dietary supplements.
Sellbyville, DE -- (SBWIRE) -- 05/14/2019 -- Global Market Insights, Inc. presents an extensive report on Plant Based Ingredients Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.
Growing consumer consciousness on allergen-free and high fiber food products has made them choose milk substitutes and dairy free beverages to deliver necessary protein requirement may stimulate plant based ingredients market demand.
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Increasing demand for nutritional content and inclination towards non-meat diets may foster the market for plant based ingredients. Corn based ingredients market demand expects consumption at over 850 million tons in 2018. These are used in animal feed application owing to its rich protein content.
Increasing animal health awareness among farmers and animal feed manufacturers may increase the demand for corn protein in animal feed as it aids in improving the livestock growth efficiency, thereby stimulating plant-based ingredients market demand.
Pea based ingredients market demand may observe significant gains at over 5% up to 2025. Growing demand for sports and dietary supplements pertaining to their high nutritional specifications as compared to other synthetic proteins may impact the product demand. These help effectively in muscle building & recovery and are ideal for those having a vegan lifestyle.
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Canola oil has gained popularity owing to its easy availability and diverse applications in cosmetics, food and health industries. It helps increasing immunity as it contains less saturated fats and is very effective for heart health. Rising demand of chemical-free products has increased the usage of canola oil in cosmetic industry pertaining to its anti-aging properties.
U.S. potato-based ingredients market demand from animal feed application may witness significant gains at over 5% during the forecast period. Increasing awareness about animal health eating and rising demand for nutrient rich feed for consumers & animals may drive the overall market.
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Germany rice-based ingredients market demand is likely to surpass USD 190 billion up to 2025. Rapid growth of vegan products owing to the new innovations in the bakery & confectionary goods and beverages with applications in food & beverages, sports supplements and bakery & confectionary will stimulate plant based ingredients market.
Cargill, ProVeg International, BI Nutraceuticals and PURIS are major industrial participants in plant-based ingredients market. Companies are focusing to focusing to increase their business by collaborating and partnerships with strong focus on R&D to increase product portfolio.
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