Global Plant Protein Ingredient Market, By Source (Wheat, Soy, Pea, Rice, Potato, Others), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Animal Feed, Personal Care, Sports Nutrition, Clinical Nutrition, Infant Nutrition, Others), Form (Dry, Liquid), Functionality (Emulsification and Stabilizing, Foaming, Nutrition, Adhesion, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plant Protein Ingredient Market
Plant protein ingredient market is expected to reach USD 20.80 billion by 2028 growing at a growth rate of 6.79% in the forecast period 2021 to 2028. Increasing growth in the sports nutrition industry which will likely to act as a factor for the plant protein ingredient market in the forecast period of 2021- 2028.
Extracts obtained from sources such as corn, protein, wheat protein, pea protein, and rice protein are plant proteins. In sectors such as cosmetics and personal care, pharmaceuticals and most notably, in the food and beverage, and feed sectors, plant proteins offer safe alternatives. The emerging driving force for the plant protein ingredients market is increasing consumer spending on protein ingredients.
Increasing demand for alternative protein ingredients in various end-use industries, growing health awareness towards the benefits of plant protein ingredients among consumers, changing eating pattern of the consumer along with rising adoption of veganism and vegetarianism, rising consumption of functional food and beverages, prevalence of favourable government initiatives are some of the major as well as vital factors which will likely to augment the growth of the plant protein ingredient market in the projected timeframe of 2021-2028. On the other hand, growing number of research and development activities along with product launch and consumers are inclining towards plant protein ingredients to stay healthy which will further contribute by generating massive opportunities that will lead to the growth of the plant protein ingredient market in the above mentioned projected timeframe.
Uncertainty in the supply of raw material along with rising number of side effects of the product which will likely to act as market restraints factor for the growth of the plant protein ingredient in the above mentioned projected timeframe. Volatility in the prices of raw material which will become the biggest and foremost challenge for the growth of the market.
This plant protein ingredient market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on plant protein ingredient market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plant Protein Ingredient Market Scope and Market Size
Plant protein ingredient market is segmented on the basis of source, application, form and functionality. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the plant protein ingredient market is segmented into wheat, soy, pea, rice, potato, and others. Soy has been further segmented into soy protein concentrates, soy protein isolate, and textured soy protein. Pea has been further segmented into pea protein concentrates, pea protein isolates, and textured pea proteins. Rice has been further segmented into rice protein concentrates, rice protein isolates, and rice protein hydrolysates.
- Based on application, the plant protein ingredient market is segmented into food and beverages, pharmaceuticals and nutraceuticals, animal feed, personal care, sports nutrition, clinical nutrition, infant nutrition, and others.
- Based on the form, the plant protein ingredient market is segmented into dry and liquid.
- The plant protein ingredient market is also segmented on the basis of functionality. The functionality is segmented into emulsification and stabilizing, foaming, nutrition, adhesion, and others.
Plant Protein Ingredient Market Country Level Analysis
Plant protein ingredient market is analyses and market size, volume information is provided by country by source, application, form, and functionality as referenced above.
The countries covered in the plant protein ingredient market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the plant protein ingredient market due to the increasing consumption of healthy food and beverages among health-conscious people along with growing adoption of veganism among consumers in the U.S., and Canada while Asia-Pacific region will expect to grow in the forecast period 2021 to 2028 due to the increasing demand of alternative for animal protein among the consumers in the region.
The country section of the plant protein ingredient market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Protein Ingredient Market Share Analysis
Plant protein ingredient market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant protein ingredient market.
The major players covered in the plant protein ingredient report are ADM; Kerry Inc.; Cargill, Incorporated.; AMCO Proteins; The Scoular Company; A&B Ingredients.; Jungbunzlauer Suisse AG; Glanbia plc; Roquette Frères.; Reliance Private Label Supplements; Ingredion Incorporated; Batory Foods; Cambridge Commodities; PLT Health Solutions; Axiom Foods, Inc.; Greenleaf Foods; Medix Laboratoires; Prinova Group LLC; Sonic Biochem; Chaitanya Agro Biotech Pvt. Ltd.; Bioway (Xi'An) Organic Ingredients Co.,Ltd; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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