Global Vegetable Protein Market, By Source (Soy, Wheat, and Pea), Type (Isolates, Concentrates, and Textured), Form (Dry and Liquid), Application (Food and Feed), 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Vegetable Protein Market
Vegetable protein market is expected to be growing at a growth rate of 10.2% in the forecast period of 2021 to 2028. The increase in innovations in the technologies used for extraction of vegetable-based protein will act as a driving factor to the growth of the vegetable protein market.
Proteins are chains of polymers that are made up from amino acids connected with peptide bonds. During the digestion process, proteins break down in the stomach to constitute even smaller polypeptide chains along with protease and hydrochloric acid actions. This development is crucial for the consumption of vital amino acids, which cannot be biosynthesized by the human body. A great number of the plant foods, with the exclusion of spinach, soy, and quinoa are usually low in a few important amino acids, but they can be attained through the involvement of a collection of whole vegetable-based foods in the diet.
Increase in demand for vegetable-based proteins is estimated to grow at a swift pace because of the increase in demand for food and beverage goods for example bakery products, meat replacements, cereals, snacks, and nutritional additives, leaning towards clean eating, rise in the health concerns, and the environmental concerns, as well as animal welfare, and more. This growth is more promoted, for example by the marketing efforts seized by the operators of plant proteins and a rise in social media and its impact upon the customers. In addition, the allergies associated with textured vegetable protein sources such as soy and wheat further demote the growth of the vegetable protein market. The COVID-19 pandemic further has had a serious impact on the vegetable-based protein market. The increase in customer awareness of the influence of the pandemic on meat production, customers have begun to adopt vegetable-based replacements instead. The pandemic has also impacted the sales of plant-based snacks, dairy replacements, and additives, as customers have moved towards a healthier lifestyle.
Opportunities for the members in the vegetable proteins market are in abundance, due to the increase in vegetarianism, around the world. Modern generation customers are more mindful than ever of the negative influence that a non-vegetarian diet leaves on the world and moving forward towards a more sustainable vegetarian/ vegan diet. However, processing complication of the extraction of textured vegetable protein is one of the key points challenges faced by the vegetable protein industry. Additionally, the allergies for example of soy and wheat among others coupled with fabricated vegetable protein sources for instance soy and wheat further hinders the growth of the vegetable protein market. Furthermore, to meet the increasing demand of several vegetable-based protein sources, farmers have often been growing genetically modified (GM) crops, which is most of the time seen as a disadvantage by consumers.
This vegetable protein 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 vegetable protein 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 Vegetable Protein Market Scope and Market Size
Vegetable protein market is segmented on the basis of source, type, form and application. 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.
- Based on source, the vegetable protein market is segmented into soy, wheat, and pea.
- Based on type, the vegetable protein market is segmented into isolates, concentrates, and textured.
- Based on form, the vegetable protein market is segmented into dry and liquid.
- Based on application, the vegetable protein market is segmented into food and feed.
Global Vegetable Protein Market Country Level Analysis
Vegetable protein market is analysed and market size, volume information is provided by country, source, type, form and application.
The countries covered in the vegetable protein market report are the 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, China, Japan, 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the vegetable protein market because of the growing demand of vegan food consumption in the region has been the highest.
The country section of the vegetable protein 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 Global Vegetable Protein Market Share Analysis
Vegetable protein 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 vegetable protein market.
The major players covered in the vegetable protein market report are ADM; DuPont; Omega Protein Corporation; Roquette Frères; Axiom Foods Inc.; Glanbia PLC; Manitoba Harvest Hemp Foods; Growing Naturals, LLC; Nestlé; Amway Corp.; Nestlé; Jones-Hamilton Co.; Ajinomoto Co., Inc.; Koninklijke DSM N.V.; Tate & Lyle; Givaudan; Kerry.; Michimoto Foods Products Co., Ltd.; Diana Group and Manildra Group. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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