Plant Protein Market Share, Size, and Trends by 2027
Plant Protein Market: Strategic Insights
Plant Protein Market
-
CAGR (2018 - 2027)6.2% -
Market Size 2018
US$ 16.65 Billion -
Market Size 2027
US$ 27.97 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing consumer awareness of plant-based diets
- Rising health concerns and preference for natural and organic products
- Growing demand for sustainable and ethical food choices
- Diverse range of plant-based protein sources available
- Advancements in plant-based protein technology and product innovation
- Expanding retail and online channels for plant-based protein products
- Rising disposable incomes and changing dietary preferences in emerging markets
FUTURE TRENDS
- Increased adoption of plant-based protein ingredients in various food and beverage products
- Development of sustainable and eco-friendly plant protein production processes
- Integration of advanced technologies like precision fermentation and synthetic biology
- Growing demand for allergen-free and non-GMO plant-based protein options
- Focus on personalized nutrition and tailored plant-based protein solutions
- Expansion of the plant-based protein market into new segments like sports nutrition and medical foods
- Collaboration between food manufacturers and technology companies to drive innovation and product development
OPPORTUNITIES
- Development of innovative plant-based protein products
- Expansion into new markets and geographical regions
- Strategic partnerships and collaborations with key industry players
- Investment in research and development to improve product quality and functionality
- Customization of plant-based protein products to meet specific dietary needs and preferences
- Education and awareness campaigns to promote the benefits of plant-based protein consumption
- Leveraging digital marketing and e-commerce platforms to reach a wider consumer base
Key Players
- Ingredion Incorporated
- Archer Daniels Midland Company
- Axiom Foods Inc
- Burcon NutraScience Corporation
- Cargill Incorporated
- E I Du Pont De Nemours and Company
- Glanbia plc
- Kerry Group
- Koninklijke DSM N V
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Source - Soy
- Wheat
- Pea
Type - Isolates
- Concentrates
- Protein Flour
Application - Protein Beverages
- Dairy Alternatives
- Meat Alternatives and Meat Extenders
- Protein Bars
- Bakery
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