Global Plant Based Protein Market is forecasted to grow with significant CAGR owing factor such as the increasing demand for protein which are plant based in food & beverage industry. Similarly, the growing demand for clean label products is also boosting the growth in the market.
However, certain government regulation on production of plant based proteins is hampering the growth of food grade salt in the market.
Global Plant Based Protein Market Scenario
According to Data Bridge Market Research, the market for plant based protein in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is Cargill Incorporated which accounts an estimated market share of approximately 10.31% wide. The market is witnessing continuous product launch, partnership and other strategies in the market.
For instance,
- In June 2020, Cargill, Incorporated launched a plant based protein with a brand name Plantever in China. This helps in the global expansion of the company thus attracting the attention of the consumers which helps in increasing the sales and revenue of the company.
Trends Impacting the Market
Now the question is which other regions Cargill Incorporated, Wilmar International, Ingredion Incorporated are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific Plant based protein and the market leaders targeting China, Japan and South Korea to be their next revenue pockets for 2021.
The Plant Based protein market is becoming more competitive every year with companies such as Cargill Incorporated, Wilmar International Incorporated as they are the market leaders for industrial display. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the plant based protein market.
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Global Plant Based Protein Market Development 2020
- In 2020 , ADM along with Marfrig announced the launch of PlabtPlus Foods offering arrange of products by using new and advance technology and the regulatory compliance set by the government. This will help in expansion of business increasing the value of sales and revenue of ADM.
Scope of Global Plant Based Protein Market
All country based analysis of plant based protein market is further analyzed based on further segmentation. On the basis of source, the plant based protein market is segmented into soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, oat protein, flaxseeds protein, hemp protein, quinoa protein, chia protein and others. On the basis of protein concentration, the plant based protein market is segmented into concentrate, isolate and hydrolysate. On the basis of level of hydrolisation, the plant based protein market is segmented into intact, mildly hydrolized, strongly hydrolized. On the basis of form, the plant based protein market is segmented into dry and liquid. On the basis of nature, the plant based protein market is segmented into organic and conventional. On the basis of function, the plant based protein market is segmented into solubility, gelation, emulsification, water binding, foaming and others. On the basis of applications, the plant based protein market is segmented into food & beverages and animal feed.
To know more about the study https://www.databridgemarketresearch.com/reports/global-plant-based-protein-market
Key Pointers Covered in Global Plant Based Protein Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- DSM
- Sotexpro
- Batory Foods
- Glanbia Plc
- AGT Food and Ingredients
- Axiom Foods, Inc
- Prolupin GmbH
- Yantai Shuangta Food co. LTD
- ADM
- Wilmar International Ltd
- COSCURA
- Emsland Group
- Cargill, Incorporated
- DuPont
- Ingredion Incorporated
- Roquette Frères
- ET CHEM
- The Green Labs LLC
- Shandong Jianyuan group
- PURIS
Above are the key players covered in the report, to know about more and exhaustive list of plant based proteins market companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-plant-based-protein-market
Research Methodology: Global Plant Based Protein Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Developers, Area Sales Managers, National Sales Managers, and Industrial Professionals among others
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Product Manager and Regulatory Affairs Managers among others.
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