Plant Based Protein Market Report 2021: Research Findings, Analyst Introduction, Data Source, Methodology till 2027
Pune, Maharashtra, India, January 15 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Plant-Based Protein market is valued at USD 16.45 Billion in 2018 and expected to reach USD 40.53 Billion by 2025 with the CAGR of 13.75% over the forecast period.
Increasing consumers’ preference for the adoption of a vegan diet is the key factor expected to drive the growth of Global Plant-Based Protein Market.
Plant based protein is a food source of protein which is derived from plants such as soy, wheat, nuts, pea, lentil, peanuts, seeds, tofu, potato, rice and others. Plant based protein is highly nutritive contains fibre, vitamin and minerals. Soybean and soy products such as tofu are the most important source of plant protein which is rich in vitamin C, fibre, calcium, iron and folate. It is made up of all essential 9 amino acid. Green pea is a good source of fiber, vitamin A, iron, vitamin C and mineral. Benefits of green pea it control blood sugar. Benefits of plant protein are it helps to maintain a healthy weight or also reduce weight. Plant protein are lower in calorie, it helps in reduce blood pressure, cholesterol, and risk factor of cardiovascular diseases.
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Scope of Global Plant-Based Protein Market Report–
Plant based protein is simply a meaningful food source of protein which is from plants. In addition to provide the building blocks for healthy muscles and tissues, it may also be beneficial for weight loss. It tends to be lower in calories and fat than animal proteins but higher in fiber and essential nutrients. Plant-based foods can be exceptional unique sources of protein and alternative nutrients, usually with fewer calories than animal products. A plant-based protein diet is containing mostly or entirely of foods derived from plants, as well as vegetables, grains, nuts, seeds, legumes and fruits, and with few or no animal products. The Plant-Based Protein category has been gaining heavy traction across numerous opportunities and is also the main subject of countless clinical studies that link the benefits over the standard whey protein.
Different kinds of retail chains comprising pharmacies, mass merchandisers, and grocery retail outlets have been aiming on increasing popularity of sports nutrition amongst users, thereby powering the market. Proteins are fundamental nutrients needed by the human body and are created from amino acids. These proteins, when attained from plant-based foods such as wheat, soy, and others, are dubbed as plant proteins. Various plants offer high level of proteins, such as lentils, tofu, peanuts, chickpeas, spirulina, almonds, chia seed, and quinoa. Since plant-based proteins have a less calorie count, they can be restored for weight loss with animal-based protein.
The regions covered in this Global Plant-Based Protein market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Plant-Based Protein is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Plant-Based Protein Market Report–
Global Plant-Based Protein market Report covers prominent players are like Cargill, Archer Daniels Midland Company, DowDuPont, Glanbia Plc., Kerry Group, Tate & Lyle PLC, Ingredion Incorporated, Burcon NutraScience Corporation, Royal DSM N.V., Sotexpro S.A., Axiom Foods, and The Scoular Company and others.
Increasing Consumers’ Preference for the Adoption of a Vegan Diet is One of the Major Factors Expected to Drive the Growth of Plant-Based Protein Market
Increasing consumers’ preference for the adoption of a vegan diet is one of the major factors expected to drive the growth of plant-based protein market. According to National Center for Biotechnology Information, Current protein demand for the 7.3 billion inhabitants of the world is approximately 202 million tones globally. However, even accepting a 2.3 billion growth in population, vastly different results in terms of demand for protein result depending on assumptions made about average consumption for the future. The number of consumers following a vegan diet has particularly increased in many industrialized countries and it is likely that their influence on the food sector will continue to grow. The number of U.S. consumers identifying as vegan grew from 1% to 6% between 2014 and 2017, a 600% increase, according to Global Data. However, significant preference to animal based protein and inconsistent raw material prices may hamper the growth of plant-based protein market. In spite of that, new emerging sources of protein such as aquatic plants, increasing inclination towards vegan diet and advancements in ingredient technologies such as microencapsulation can provide various opportunities for the further growth of the plant-based protein market.
Rising Concerns Related To Lactose Intolerance And Glutamic Disorders Amongst The Millennials To Power The Growth In The Market
Increasing significance of a vegan diet due to the jeopardy of type 2 diabetes and cardiovascular diseases related to the usage of meat products is predicted to have a solid positive effect on the development of plant based protein market size. The global market is predicted to clock substantial development over the coming years due to increasing population of flexitarians in Canada and the US, owing to widespread campaigns for marketing vegan diet through media platforms.
Cargill has launched new plant based protein brand PlantEver.
News: 30 June 2020- Cargill has launched new plant based protein brand PlantEver in China. PlantEver is offering two plant-based products, a chicken-alternative nugget and beef-alternative patty. These products provide Chinese consumers the nutrition value of veggie products combined with the joy that comes from eating great-tasting meat.
Plant Based Protein Market Dynamics-
The key factor for the growth of plant based protein market is increasing consumption of organic plant based food and beverages across the globe. Furthermore, hectic lifestyle coupled with rapidly changing preference of consumers towards plant based protein rather than animal protein due to animal diseases is driving plant based protein market. In addition, increasing awareness about plant protein among consumers owing to its health benefits such as it helps in reduction of weight, reduce cardiovascular diseases which drives plant based protein market. Additionally, rising adoption of plant protein products due to animal protein allergies so that consumers are more inclined towards natural protein this drives plant based protein market. According to, The National Institute of Allergy and Infectious Diseases reveal that 90% of food allergy is caused by eggs, milk, fish, red meat, soy, and nuts. However, the factors which restrict the growth of plant based protein market are volatility in raw material price. Moreover, innovation in new form of products will create huge opportunity in plant based protein market.
Global Plant-Based Protein Market Segmentation:–
Soy Wheat Pea Others (Quinoa, oats, beans, nuts, and seeds)
Isolates Concentrates Protein flour
Protein beverages Dairy alternatives Meat alternatives Protein bars Nutrition supplements Processed meat, poultry, and seafood Bakery products Convenience food Sports nutrition
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