Plant-Based Protein - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Plant-Based Protein Market is accounted for $16.23 billion in 2018 and is expected to reach $57.09 billion by 2027 growing at a CAGR of 15%. Increase in trend of health and sustainability and increase in investments in plant-based food businesses are likely to boost the growth of the market. However, Allergies associated with plant-based protein sources such as soy and wheat are likely to hamper the profit boundaries.
Plant-Based Proteins are fundamental nutrients required by the human body, which are made up of amino acids. These proteins when obtained from plant-based foods such as soy, wheat, and others are known as plant proteins. Numerous plants provide high amount of proteins, such as tofu, lentils, chickpeas, peanuts, almonds, spirulina, quinoa, and chia seed. Since plant-based proteins have a lower calorie count, they can be substituted for animal-based protein for weight loss.
Based on the product, the soy segment is projected to dominate the market during the forecast period. This segment is driven by the increasing popularity and rising demand for a high-protein diet among individuals. Soy protein helps to reduce the cholesterol level, improve metabolism, bone mineral density, and also decrease the risk of cancer. Soy protein isolates are used in applications such as nutritional bars, meat alternatives, bakery products, sports nutrition products, and beverages.
By geography, North American region is mainly attributed to the well established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend.
Some of the key players in the Plant-Based Protein Market include Tate & Lyle Plc, Roquette Freres Le Romarin, NOW Foods, Kerry Group, Ingredion Inc, Glico Nutrition Co Ltd, Glanbia Plc, E I Dupont De Nemours and Company, Corbion NV, Cargill Incorporated, Burcon Nutrascience Corporation, Beneo Gmbh, Axiom Foods Inc , Archer Daniels Midland Company and Amco Proteins.
• Textured Proteins
• Protein Isolates
• Protein Concentrates
• Other Forms
• Wheat Protein
• Soy Protein
• Pea Protein
• Other Products
• Sports Nutrition
• Protein Beverages
• Protein Bars
• Processed Meat, Poultry, and Seafood
• Nutritional Supplements
• Meat Extenders and Substitutes
• Dairy Alternatives
• Convenience Food
• Other Applications
Distribution Channels Covered:
• Direct to Customer (DTC)
• Online Stores
• Other Channels
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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