Plant-Based Protein Market Growth, Industry Analysis
The increasing adoption of organic food in the food & beverage industry and a growing preference for vegetarian diets are driving the demand for the plant-based
The Plant-based Protein Market size to reach USD 16.63 Billion by 2027. The growth of Plant-based Protein market can be attributed to the growing preference for a vegetarian diet and the increasing vegan population. The increasing adoption of organic food in the food & beverage industry is expected to drive the demand for plant-based proteins. The uncertainty regarding allergies associated with plant-based protein might hamper the demand for the products. The absence of the 20 essential amino acids in plant-based proteins required for human growth and development is expected to restrain the demand for plant-based proteins.
The report offers a comprehensive overview of the crucial elements of the Plant-Based Protein industry with regards to drivers, restraints, current and emerging trends, growth prospects, product developments, and technological advancements, among others. A thorough analysis of these factors assists in formulating a futuristic outlook of the growth of the Plant-Based Protein market. The report also provides a comprehensive analysis of the competitive landscape and studies the key competitors of the Plant-Based Protein industry
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Key companies in Plant-Based Protein market include: Cargill, Archer Daniels Midland, Dupont, Roquette Frères, Glanbia, Wilmar International, Dsm, Kerry Group, Emsland Group, And Ingredion, Among Others.
Key Highlights From The Plant-Based Protein market Report are
• The Dry Form sub-segment held the largest market share of 59.6% in 2019. The increasing R&D has resulted in advancements in biotechnology, and microbiology research activities are driving the growth of the segment.
• The Textured Protein sub-segment accounted for the largest market share in 2019 due to the availability of textured soy products in the global nutrition industry. The high fiber content of the textured pea protein has increased its utilization in the production of dietary supplements.
• The Pea protein segment is estimated to be the fastest-growing segment over the forecast period due to the rising consumer preference for pea-based protein and the nutritional benefits of the pea protein.
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Emergen Research has segmented the Global Plant-based Protein Market on the basis of:
• Type Outlook (Revenue, USD Billion; 2017-2027)
o Protein Concentrates
o Protein Isolates
o Textured Protein
• Form Outlook (Revenue, USD Billion; 2017-2027)
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Food Ingredients
o Animal Feed
• Source Outlook (Revenue, USD Billion; 2017-2027)
o Others (Rice, Potato, Canola, and Oats)
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• Regional Outlook (Revenue, USD Billion; 2017-2027)
o North America
o Asia Pacific
o Latin America
o Middle East & Africa
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