Plant-Based Protein Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Plant proteins can be obtained from various plant sources, including soy, nuts, wheat, pea, seeds, among others. Various plant sources, including lentils, peanuts, chickpeas, almonds, quinoa, spirulina, and chia seed, can provide a high amount of proteins needed for the human body. Since plant proteins contain low calories, they can be consumed as a substituted for animal protein for weight loss. Rising demand for plant-based food, as well as growing consumer interest in high protein food, are some of the important factors propelling the demand for plant protein products globally. Moreover, the increasing adoption of vegan lifestyles by most of the population in developed countries is further anticipated to play a vital role in the demand for plant protein globally.

MARKET DYNAMICS

The plant-based protein market has witnessed significant growth owing to factors such as wider application in protein beverages, dairy alternatives, meat alternatives, protein bars, bakery products, nutrition supplements, sports nutrition, and others. Plant-based diets are rich in nutrients like protein, magnesium, potassium, and vitamins K and C, which can improve muscle and bone health in people of all ages. Also, plant protein contains sulfur amino acids and tryptophan. These nutrients help the body to make proteins and certain brain-signaling chemicals. Oat protein, a type of plant protein, contains a high amount of indispensable amino acids which helps in building muscles, cause chemical reactions in the body, transport nutrients, prevent illness, and carry out other functions. Several research studies indicate that consumption of plant protein may induce satiety and help in maintaining body weight. However, volatility in the prices of plant protein sources may hamper the growth of this market. Plant protein sources such as soy, wheat, peas, quinoa, oats, beans, nuts, and seeds are vulnerable and available based on weather and climatic conditions. Moreover, the availability of meat protein sources as a substitute to plant protein may also impact the growth of this market. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Plant-Based Protein Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plant-based protein market with detailed market segmentation by source, application, type, and geography. The global plant-based protein market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant-based protein market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global plant-based protein market is segmented on the basis of source, application, and type. On the basis of source, the plant-based protein market is segmented into soy, wheat, pea, and others. The plant-based protein market on the basis of the application is classified into protein beverages, dairy alternatives, meat alternatives, protein bars, bakery product, nutrition supplements, sports nutrition, and others. On the basis of type, global plant-based protein market is bifurcated into isolates, concentrates, and protein flour.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global plant-based protein market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plant-based protein market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the plant-based protein market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plant-based protein market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global plant-based protein market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from plant-based protein market are anticipated to lucrative growth opportunities in the future with the rising demand for plant-based protein in the global market. Below mentioned is the list of few companies engaged in the plant-based protein market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based protein market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Archer Daniels Midland Company
  
•  Burcon Nutrascience Corporation
  
•  Cargill Incorporated
  
•  DowDuPont
  
•  Glanbia Plc
  
•  Ingredion Incorporated
  
•  Kerry Group PLC
  
•  Royal DSM
  
•  Tate & Lyle
  
•  The Scoular Company
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Plant-Based Protein Report Scope