Plant-Based Proteins Market Report, Size Segments and Growth 2021: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast (2021-2027)
A comprehensive overview of the plant-based protein market is recently added by UnivDatos Market Insights to its humongous database. The plant-based protein market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the plant-based protein market. The plant-based protein market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the plant-based protein market at the global and regional levels. Global Plant-Based Proteins Market is expected to grow at a CAGR of 10% from 2021-2027 to reach USD 23.4 billion by 2027.
Market Overview
Plant-Based
Protein Market is experiencing significant growth on account of increasing
awareness of health and wellness globally. The growing trend of plant-based protein
can be attributed to new product creation, creativity, and technology. The
recent rapid and disruptive growth of the plant-based sector has been driven
predominantly by the millennial generation and the emergence of ‘flexitarian’
consumers, as well as increased numbers of vegetarians and vegans – as
consumers respond to a combination of environmental, health, and ethical
concerns.
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According
to L.E.K. Consulting’s 2018 consumer food and beverage survey, 93% of consumers
said they feel compelled to eat healthy at least some of the time, and 54% of
consumers said including more plants in their diet makes them feel healthier.
For instance, Right to Protein an awareness programme launched in India during
April month of the calendar year, also April is treated as the Soy month
worldwide. This initiative would develop an ecosystem that is increasing the
awareness regarding the plant-based diet/protein among consumers for better
health and quality food.
Covid-19 Impact
The
consumption of plant-based protein increased amid COVID-19 due to its high
protein content and ability to improve immunity. Further, recent funding has also
ushered in the plant-based protein industry. However, the pandemic has thrown a
wrench in global distribution channel management and has also influenced the
plant-based protein supply chain. An IFIC study found that the pandemic
had changed eating habits for 85% of consumers. Besides, a study on purchasing
behavior for plant-based proteins, look over the three most important labels in
which top choices were "good source of protein (28%)," followed by
"natural" (26%) and "organic" (22%).
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Plant-Based
Protein Market report is studied thoroughly with several aspects that would
help stakeholders in making their decisions more curated.
By Source, the
market is primarily bifurcated into
·
Wheat
·
Pea
Soy
segment dominated the by type of the plant-based protein market and will grow and
reach US$ X Billion by the year 2027.
By Type, the
market is primarily segmented into
·
Isolates
·
Concentrates
·
Textured
Amongst
type, isolates accounted for the largest share and is expected to grow at X%
CAGR during the forecast period 2021-2027. In 2020, the isolates segment accounted
for a revenue share of almost X%.
By Form, the
market is primarily studied into
·
Dry
·
Liquid
In 2020, the
dry segment dominated the plant-based protein market with nearly X% of the
market share and it is anticipated by 2027, the segment will garner US$ X Billion
of the market.
By Application,
the market is primarily studied into
·
Food
o
Dairy Alternatives
o
Meat Alternatives
o
Performance Nutrition
·
Feed
In 2020, the
food segment dominated the plant-based protein market with nearly X% of the
market share and it is anticipated by 2027, the segment will garner US$ X Billion
of the market.
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Plant-Based Protein Market Geographical Segmentation Includes:
·
North America (The United States,
Canada, Mexico, and Rest of North America)
·
Europe (France, United Kingdom,
Germany, Spain, Netherlands, Italy, Belgium, Rest of Europe)
·
Asia-Pacific (China, India, Japan, Australia
& New Zealand, and Rest of Asia-Pacific)
·
South America (Brazil, Argentina, and
Rest of South America)
·
Rest of the World (The Middle East and
Africa)
Based on
the estimation, the North America region dominated the plant-based protein market
with almost US$ X Billion revenue in 2020. At the same time, the Asia-Pacific
region is expected to grow remarkably with a CAGR of X% over the forecast
period on account of the internet penetration & growing awareness about its
benefits.
The major players targeting the market includes
·
Archer Daniels Midland Company
·
Cargill
·
Dupont
·
Wilmar International
·
Roquette Freres
·
Glanbia
·
Kerry Group
·
DSM
Competitive Landscape
The
degree of competition among prominent global companies has been elaborated by
analyzing several leading key players operating worldwide. The specialist team
of research analysts sheds light on various traits such as global market
competition, market share, most recent industry advancements, innovative
product launches, partnerships, mergers, or acquisitions by leading companies
in the plant-based protein market. The leading players have been analyzed by
using research methodologies for getting insight views on global competition.
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Key questions resolved through this
analytical market research report include:
• What
are the latest trends, new patterns, and technological advancements in the plant-based
protein market?
• Which
factors are influencing the plant-based protein market over the forecast
period?
• What
are the global challenges, threats, and risks in the plant-based protein market?
• Which
factors are propelling and restraining the plant-based protein market?
• What
are the demanding global regions of the plant-based protein market?
• What
will be the global market size in the upcoming years?
• What
are the crucial market acquisition strategies and policies applied by global
companies?
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understand the requirement of different businesses, regions, and countries, we
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Market Insights
UnivDatos
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Labels: Plant-Based Proteins Market
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