According to our new research study on "Plant Protein Market to 2027 – Global Analysis and Forecast – by Source, Type, and Application," the market is
According to our new research study on “Plant Protein Market to 2027 – Global Analysis and Forecast – by Source, Type, and Application,” the market is projected to reach US$ 27,965.9 million by 2027 from US$ 16,633.6 million in 2018; it is expected to grow at a CAGR of 6.2% during 2019–2027.
Several plant sources, including soy, wheat, peas, nuts, and seeds, among others, are used to produce plant proteins. High levels of protein can be found in a variety of plant sources, including lentils, chickpeas, peanuts, almonds, spirulina, quinoa, and chia seeds. Plant proteins can be used as a weight loss substitute for animal proteins because they have fewer calories. Global demand for plant protein is being driven by rising consumer interest in high-protein foods and growing demand for plant-based foods.
In 2018, Asia Pacific accounted for the largest share of the global plant protein market. The plant protein market growth in Asia Pacific is attributed to the increase in disposable income with changing lifestyles are the major driving factors for plant protein market in Asia Pacific. Rapid growth in the food & beverage industry in the developed and developing Asian countries such as China, India, and Japan provides a huge market opportunity for plant protein manufacturers as it is extensively used in the products such as protein beverages, dairy alternatives, meat alternatives, and protein bars.
Proteins are the building components that keep the human body’s structure and systems working properly. Long sequences of amino acids connected by peptide bonds make up proteins. The function of protein in the human body is determined by a network of 20 different types of amino acids. By assisting in cell repair and shielding the body from germs and viruses, proteins serve a critical function in the transportation of molecules throughout the body. Additionally, it encourages healthy development and growth in young children, teenagers, and expectant mothers. According to numerous studies, consuming a diet high in protein can help you increase strength and muscle mass while also preventing muscle loss during weight management or weight loss programmes.
Plant Protein Market: Segmental Overview
- Based on source, the plant protein market is bifurcated into soy, wheat, pea, and others. The soy segment accounted for the largest market share in 2018; however, the pea segment is expected to register the highest CAGR in the market during the forecast period.
- Based on type, the plant protein market is segmented into isolates, concentrates, and protein flour. The concentrates segment accounted for the largest market share in 2018.
- Based on application, the plant protein market is segmented into protein beverages, dairy alternatives, meat alternatives and meat extenders, protein bars, bakery and other The meat alternatives and meat extenders segment accounted for the largest market share in 2018.
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Among the leading firms operating in the global plant protein market are Archer Daniels Midland Company, Axiom Foods, Inc., Burcon NutraScience Corporation, Cargill, Incorporated, E. I. Du Pont De Nemours and Company, Glanbia plc, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., and Roquette Frères. These businesses offer a broad selection of product portfolios on the market. Due to the companies’ presence in underdeveloped areas, plant protein will become more widely known. These market participants place a high priority on creating new, high-quality items that satisfy customer needs. They are seen to be heavily involved in mergers and acquisitions, product launches/product innovation, and market activities as a result of realising the enormous potential of plant protein.
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