Plant-based Protein Market Growth 2022 at 7.5% CAGR by Size, Trends, Top Companies Data and Forecast 2029 | DSM, ADM, DuPont, Kerry Group, Cargill

The global plant-based protein market size to reach at USD 18.7 billion in 2029, recording a CAGR of 7.5% during the forecast period.

Plant-based Protein Market Overview

Growing need for a protein-rich diet, growing health and wellness trend, increasing consumer focus on meat substitutes, growing demand from the F&B business, and innovation in ingredient technologies: microencapsulation are some of the primary reasons driving the growth of this market.

Furthermore, rising veganism, expanding economies such as Southeast Asia, Latin America, and the Middle East and Africa, and rising sensitivity to animal proteins all present major growth prospects for plant-based protein producers. However, the market's expansion is hampered by a strong preference for animal-based proteins and fluctuating raw material prices. Increased soy-free and gluten-free trends, on the other hand, offer a significant threat to worldwide plant-based protein makers.

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Industry Development
To address rising consumer demand for soy protein isolates, ADM increased the production capacity of its CLARISOY soy protein isolate line of products.
Cargill entered into an agreement with pea protein producer, PURIS (US), for the supply of peas for Cargill's line of organic, non-GMO pea protein products
Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Plant-based Protein market manufacturers. The revenue created from the sales of Plant-based Protein Market has been calculated through primary and secondary research.

The market size assessment also considered leading players revenues as part of triangulation the key players considered are DSM (Netherlands), ADM (US), DuPont (US), Kerry Group (Ireland), Cargill (US), Glanbia (Ireland), Wilmar International (Singapore), Emsland Group (Germany), Puris (US), Cosucra Group (Belgium), Batory Foods (US), Roquette Freres (France), Ingredion (US), and Others.

The Plant-based Protein Market has been segmented as below:

Plant-Based Protein Market by Type, 2019-2028, (In USD Billion)

Isolates

Concentrates

Textured

Plant-Based Protein Market by Source, 2019-2028, (In USD Billion)

Soy

Wheat

Pea

Other Sources

Plant-Based Protein Market by Form, 2019-2028, (In USD Billion)

Dry

Liquid

Plant-Based Protein Market by Application, 2019-2028, (In USD Billion)

Food

Meat, Poultry, And Seafood

Bakery Products

Meat Alternatives

Dairy & Dairy Alternatives

Cereals & Snacks

Beverages

Animal Feed

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Plant-based Protein Market: Regional Analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Plant-based Protein market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Geographically, the market is dominated by APAC, North America and Europe.

Major Key areas that have been focused on in the report:

Raw material supply analysis
Major trends noticed in the Global Plant-based Protein Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.

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This release was published on openPR.