PLANT BASED PROTEIN MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2027)

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The increasing awareness among the health-conscious population and the changing dietary preferences of the consumers are driving the demand of the plant-based protein market.

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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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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