Plant-based Protein Market – Global Opportunities & Forecast, 2020-2027

 The market report consists of numerous essential factors, such as the latest trends, leading players, total revenue, growth rate, volume sales, and consumer insights. The report also offers detailed information on a global and regional level while covering an all-inclusive analysis and insights into developments that are affecting businesses. It accommodates the entire overview of the market, including the market share, size, and projection of the market within a specific period of time.

Key Drivers of the Plant-based Protein Market:

Rising awareness related to the benefits of protein, followed by the increasing vegan population, are the key factors surging the growth of the global plant-based protein market. The other important factors boosting the growth of the plant-based protein market size include growing disposable income, rapid urbanization, increasing demand for protein-rich diet, a shift in consumers' consumption patterns, and the rising concern about animal-based products globally. Growing usage of soy protein in the food industry and the increasing health and wellness sector will further propel the growth of the global plant-based protein market.

The shift in consumers' preference for organic and plant-based products, along with the increasing adoption of a healthy lifestyle among millennials are energizing the demand of the plant-based protein market during the forecast period. The plant-based protein offers exceptional benefits such as it helps in improving gut health, reducing the risk of cancer and cardiovascular disease as it contains little sodium, saturated fat, and cholesterol. All these factors are accelerating the growth of the market. For example, the outbreak of the COVID-19 has positively influenced the growth of the global plant-based protein market as it has led to the increasing adoption of plant-based products and a rise in the demand for a healthier lifestyle among the population. On the other hand, the availability of alternative protein products such as soy-free and gluten-free may hamper the market growth in the upcoming years.

List of the Top Leading Players of the Plant-based Protein Market:

·         Cargill, Incorporated

·         Kerry Group

·         Wilmar International Limited

·         DowDuPont Inc.

·         Archer Daniels Midland

·         Glanbia PLC

·         DSM

·         Roquette Freres

·         Emsland Group

·         PURIS

Segmentation of the Plant-based Protein Market

Breakup by Type:

·         Isolates

·         Concentrates

·         Textured Protein

Breakup by Application:

·         Feed

·         Food

o    Meat Alternatives

o    Dairy Alternatives

o    Bakery

o    Performance Nutrition

o    Convenience Foods

o    Others

Breakup by Source:

·         Soy

·         Pea

·         Wheat

·         Others

Breakup by Form:

·         Dry

·         Liquid

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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