Cargill, Incorporated, Wilmar International Ltd, and Ingredion are Dominating the Global Plant Based Protein Market in 2021

Global Plant Based Protein Market is expected to grow with the CAGR of 12.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global plant based protein market is a highly saturated market, with includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global plant based protein market are introducing strong range of service portfolio. This helped companies to maximize the sales with enhanced product portfolio.

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.

Cargill Incorporated is the dominating player in the plant based protein market. The other key players existing in the market includes 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, and Shandong Jianyuan group among others.

Plant Based Protein MarketCargill, Incorporated

Cargill Incorporated is headquartered in Minneapolis, U.S. which was founded in 1865. The company is engaged in processing agricultural commodities into highly quality food ingredients which provides an edge in making products that satisfy consumers across the globe. The company offers wide range of product categories such as agriculture, animal nutrition, beauty, bio industrial, food & beverage, food service, industrial, pharmaceutical meat & poultry, transportation, and risk management. Among which food and beverages is the market focused category.

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.

The company has wide presence across the globe such as Europe, North America, South America, Asia-Pacific, and Middle East and Africa. In addition, the company has subsidiaries such as Cargill-Taiwan Corporation (Taiwan), Cargill AgHorizons Inc (U.S.), provimi SA (U.S.), Wilbur Chocolate Company (U.S.), Cargil Lts (Canada), and Teys Australia (Australia) among others.

Wilmar international Ltd

Wilmar international is headquartered in Singapore was founded in year 1991. The company focuses on global agribusiness that encompasses the entire processing, branding and distribution of edible food products to the consumers. The company offers wide range of product categories food products, feed and industrial products, plantation, shipping, research & developments among which food products is market focused category.

For instance,

  • In June, 2018 Wilmar International Ltd along with National University of Singapore established a new joint research laboratory for developing the biological research on the innovation in Food tech. This laboratory helped the company to develop different innovative food products under the governance of national university of Singapore and has benefited the company to increase their product portfolio.

The company has presence in Europe, Middle East and Africa, Asia-Pacific, South America, and North America. In addition, the company has subsidiaries such as Wilmar Sugar Australia Limited (Australia), Goodman Fielder (Australia), Adani Wilmar Limited (India), PT Multimas Nabati Asahan (Indonesia) and Pioneer Sugar mills Pty Ltd (Australia) among others.

Ingredion

Ingredion is headquartered in Illinois, U.S. which was founded in 1906. The company focuses on providing innovative ingredient solutions which help customers stay on trend with simple ingredients and gluten-free or high-fiber foods that appeal to today's consumers. The company offers various products such as bakery, batters and breadings, confectionary, dairy, meat, seafood, plant based dairy alternatives, plant based meat alternatives, savory, snacks products, plant proteins out of which plant proteins are the market focused category.

For instance,

  • In May, 2019, Ingredion has launched protein portfolio of Clara Foods. The proteins of Clara have the superior functionality and taste than animal proteins. Manufacturers are also searching for egg albumen for clean-label antimicrobials, baking and clean protein for food or beverages, digestive health supplements and thus the Clara Foods innovative technology is importantly-made for consumers’ preferences. This has helped the company to serve their customers with the broad product portfolio..

The company has North America presence in Europe, Middle East and Africa, Asia-Pacific, and Americas. In addition, the company has subsidiaries such as Arrendadora Gefemesa, S.A. de C.V. (Mexico), Brunob II B.V. (the Netherlands), Corn Products Americas Holdings S.à r.l. (Luxembourg), Colombia Millers Ltd. (U.S.), and Corn Products Kenya Limited (Kenya) among others.