January 16th, 2023
Plant-based Protein Market size is projected to reach USD 5.22 Billion by 2028 from an estimated USD 2.93 Billion in 2021, growing at a CAGR of 8.6% globally.
Proteins are the most important nutrients for the human body as they provide all the essential amino acids required. Plant-based proteins are derived from plant and vegetable sources such as soy, wheat, and peas, which are high in protein content. Demand for plant-based proteins is increasing owing to the growing vegan and vegetarian population and rising lactose intolerance among consumers. Plant-based proteins are used as a meat alternative as they can mimic the taste and texture of meat. Plant-based proteins are the only source of nutrition for vegans and vegetarians. People choose a vegan diet because they believe it is beneficial for their health. For vegans and vegetarians, plant-based proteins are the healthiest source of nourishment. When it comes to improving their health through food, vegan and vegetarian consumer continue to prioritize nutrition.
The Plant-based Protein Market analysis summary is a comprehensive examination of the present developments in many areas that are driving this vertical trend. Market share, applications, market size, statistics, and sales are all summarized in this report. Furthermore, this research highlights a detailed competition analysis of market possibilities, particularly growth plans as claimed by industry specialists. The Plant-based Protein market report examines the competitive environment in terms of markets, applications, and regions to assist the vendor in determining a match or alignment between their strengths and future growth potential.
Leading Key Players Covered Plant-based Protein Market: -
· Cargill Incorporated (US)
· Archer Daniels Midland Company (ADM) (US)
· DuPont (US)
· Kerry Group (Ireland)
· DSM (Netherlands)
· Wilmar International (US)
· Cosucra Groupe (Belgium)
· Emsland Group (Germany)
· Axiom Foods (US)
· Ingredion (US)
· Roquette Frères (France)
· PURIS (US)
· Burcon NutraScience Corp. (Canada)
· Sotexpro (France).
· Glanbia (Ireland)
· Batory Foods (US)
· AGT Food & Ingredients (Canada)
· Prolupin GMBH (Germany)
· Aminola (Netherlands)
· Herblink Biotech Corporation (China)
· BENEO (Germany)
· ET Chem (China)
· Shandong Jianyuan Group (China)
· The Green Labs LLC (US)
· Parabel (US) and other major players.
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Segmentation of Plant-based Protein Market: -
· Food & Beverages
· Animal Feed
· Nutritional Supplements
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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