The global Plant-based Protein Market will be worth USD 16.63 Billion by 2027, according to a current analysis by Emergen Research. The growth of plant-based protein market can be attributed to the increasing awareness among the health-conscious population and their changing dietary patterns. The growing demand for Protein supplements among consumers to improve their health and wellness is expected to drive the growth of plant-based protein products. The sedentary lifestyle of the growing population has resulted in the prevalence of lifestyle-related chronic diseases, which has increased their need to consume plant-based protein products.
In addition, the study on the Plant-based Protein market for the forecast period, 2020 – 2027 quantifies the share occupied by the prominent players of the industry and enlightens the business owners from the fast-growing investment pockets and competitive landscape. Furthermore, the industry is classified into various segments with a detailed assessment of each and every aspect such as gross margin, profits, import and export status and others. All vital statistics are presented with the help of charts, tables and graphic images, which can be easily incorporated into any business presentation.
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Key Highlights From The Report
In February 2019, Watson, a non-dairy ingredient solutions business headquartered in the U.S., was acquired by Glanbia PLC. Watson is a manufacturer and supplier of high-quality custom nutrient premix, food and beverage, bakery ingredient, personal care and supplement industries, and edible film and material conditioning solutions.
The dry form segment held the largest market share of 59.6% in 2019. Increasing demand for protein concentrates has resulted in the growing utilization of the dry form of processing of protein for the production of the concentrates.
Protein Isolates are forecasted to grow with the fastest CAGR of 7.6% over the forecast period. The protein isolates can easily be mixed with different food products and easy to digest, which has increased its demand among the health-conscious population.
The food Ingredients segment accounted for the largest market share in 2019 due to the increasing demand for low-calorie and meat-free food products.
Soy protein accounted for the largest market share in 2019 due to the advancements in food science and processing technology and availability of the textured soy products in the global nutrition industry.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The rising urbanization and the increasing purchasing power of the consumers have evolved the eating habits, which has fueled the demand for plant-based protein products in the region.
Key participants include CARGILL, ARCHER DANIELS MIDLAND (ADM), DuPont, ROQUETTE FRÈRES, GLANBIA, WILMAR INTERNATIONAL, DSM, KERRY GROUP, EMSLAND GROUP, and INGREDION, among others.
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Type Outlook (Revenue, USD Billion; 2017-2027)
Protein Concentrates
Protein Isolates
Textured Protein
Form Outlook (Revenue, USD Billion; 2017-2027)
Liquid
Dry
Application Outlook (Revenue, USD Billion; 2017-2027)
Food Ingredients
Animal Feed
Source Outlook (Revenue, USD Billion; 2017-2027)
Pea
Soy
Wheat
Others (Rice, Potato, Canola, and Oats)
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology Sources
1.1. Plant-based Protein Market Definition
1.2. Plant-based Protein Market Research Scope
1.3. Plant-based Protein Market Methodology
1.4. Plant-based Protein Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Plant-based Protein Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Plant-based Protein Market Segmentation Impact Analysis
Continued…
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