Plant-based proteins are a nutritious and sustainable choice. They offer a wide variety of options such as legumes, soy products, quinoa, nuts, and seeds. These sources provide essential amino acids, fiber, vitamins, and minerals. Incorporating plant-based proteins into your diet supports muscle growth, aids in weight management, and promotes overall health. By choosing plant-based protein, you contribute to a more environmentally friendly and compassionate lifestyle while reaping the benefits of a balanced and wholesome diet.
According to Data Bridge Market Research, the Green Plant-Based Proteins Market is valued at USD 44.2 billion in 2021 and is expected to reach the value of USD 113.41 billion by 2029, at a CAGR of 12.50% during the forecast period of 2022-2029.
“Growing demand for plant-based diets surge market demand"
The growing demand for plant-based diets is driven by several factors. Increasing awareness of the environmental impact of animal agriculture, such as deforestation and greenhouse gas emissions, has led consumers to seek more sustainable alternatives. Additionally, the health benefits associated with plant-based diets, including reduced risk of chronic diseases, have further fueled the demand for green plant-based proteins. Consumers are increasingly conscious of cruelty-free and ethical food choices, leading to a shift towards plant-based protein sources that align with their values and dietary preferences.
What restraints the growth of the green plant-based proteins market?
“Price sensitivity can impede the market growth”
Price sensitivity is a significant restraint in the green plant-based proteins market. The production costs of plant-based protein products can be higher compared to animal-based alternatives, stemming from factors like ingredient sourcing, processing, and research and development. Limited economies of scale and premium pricing associated with certain plant-based protein offerings further contribute to their relatively higher cost. This pricing disparity can restrict affordability for some consumer segments, potentially limiting market penetration and adoption of green plant-based proteins.
Segmentation: Global Green Plant-Based Proteins Market
The green plant-based proteins market is segmented on the basis of source, application, and type.
- On the basis of source, the green plant-based proteins market is segmented into soy, wheat, pea, and others.
- On the basis of application, the green plant-based proteins market is segmented into protein beverages, dairy alternatives, meat alternatives, protein bars, nutrition supplements, Processed Meat, poultry and seafood, bakery products, and plant-based proteins.
- On the basis of type, the green plant-based proteins market is segmented into isolates, concentrates, and protein flour.
Regional Insights: North America Dominates the Global Green Plant-Based Proteins Market
North America's dominance in the plant-based protein market can be attributed to several factors. The region has witnessed a significant rise in awareness about vegan and plant-based diets, driven by factors such as health concerns, animal welfare, and environmental sustainability. Additionally, brands have capitalized on this trend by actively promoting plant-based products through social media campaigns, influencer marketing, and product endorsements, further boosting consumer adoption of plant-based proteins in North America.
Asia-Pacific is poised for significant growth in the plant-based proteins market from 2022 to 2029. The region's rapid urbanization, expanding middle-class population, and rising disposable income levels are driving consumer demand for healthier and sustainable food options, including plant-based proteins. Additionally, increased investments in research and development of natural ingredients by manufacturers in Asia-Pacific further support market growth, as consumers seek products with clean labels and natural formulations. These factors collectively contribute to the growth potential of the plant-based proteins market in the Asia-Pacific region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-green-plant-based-proteins-market
Recent Developments in Global Green Plant-Based Proteins Market
- In 2020, With the Vega One Sport targeted at athletes, Danone announced the commercial availability of its plant-based protein products in China. This product contains a variety of proteins from different sources, including peas, sunflower seeds, alfalfa, and pumpkin seeds.
- In 2019, A new C$65 million commercial production facility for pea and canola proteins will be built in Western Canada, according to a joint venture partnership announced by Burcon NutraScience Corporation and an investor group. The plant will deliver Burcon's Peazac and Peazazz pea proteins as well as Nutratein, Puratein, and Supertein canola proteins.
- In 2018, Rocquet Brothers Le Romain declared that it would spend €40 million improving its Vic-sur-Aisne facility in order to boost its capacity for processing peas and meet the rapidly increasing demand for pea protein on a global scale.
The Prominent Key Players Operating in the Global Green Plant-Based Proteins Market Include:
- Glanbia plc. (Ireland)
- Now Health Group, Inc. (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm Corporation (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Reliance Vitamin Company, Inc. (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.).
Above are the key players covered in the report, to know about more and exhaustive list of green plant-based proteins market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Green Plant-Based Proteins Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
