ALBANY, N.Y., Jan. 12, 2022 /PRNewswire/ — The worldwide plant-based protein market is anticipated to draw development at a CAGR of 5.7% through the forecast interval of 2021 to 2031, states a research by Transparency Market Analysis (TMR).
The emergence of the COVID-19 outbreak has highlighted the significance of a superb immune system. Thus, health-conscious inhabitants throughout the globe is adopting wholesome and protein-rich weight loss program. This issue is fueling the demand for plant-based protein. Therefore, gamers within the plant-based protein market are rising their concentrate on strengthening their on-line and offline distribution channels in an effort to cater to the rising demand for merchandise corresponding to pea proteins, wheat proteins, and soy proteins through the coronavirus pandemic.
The plant-based protein market is estimated to be pushed by the growth of the eCommerce trade. Moreover, a number of trade leaders are strengthening their on-line presence in an effort to appeal to a excessive variety of shoppers. Such efforts are resulting in revenue-generation alternatives within the international plant-based protein market.
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Plant-based Protein Market: Key Findings
- Rising inclination of individuals throughout the globe towards consuming vegetarian and vegan meals as a substitute of assorted animal-based meals, together with meat, milk, meat merchandise, and different animal-based merchandise is creating excessive demand for plant-based proteins, which provide main very important vitamins and amino acids wanted for the human physique. This issue is boosting the gross sales prospects within the international plant-based protein market.
- Variety of sufferers affected by diversified life-style well being points corresponding to diabetes, cardiovascular ailments, weight problems, hypertension, and different ailments are rising throughout the globe. Growing inclination amongst this affected person pool towards adopting wholesome existence and dietary meals merchandise is creating promising enterprise prospects within the plant-based protein market.
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Plant-based Protein Market: Development Boosters
- Rising demand for options to animal-based meals merchandise attributable to improve in consciousness on animal welfare in a number of growing international locations is fueling gross sales within the plant-based protein market
- Improve within the pattern of veganism is projected to create revenue-generation alternatives out there through the forecast interval
- Authorities our bodies of many international locations around the globe are selling the consumption of plant proteins. This issue is boosting enterprise avenues out there.
Plant-based Protein Market: Regional Evaluation
- North America is a distinguished area holding 48.4% share of the plant-based protein market. This market in North America is estimated to broaden at a CAGR of 5.6% through the forecast interval and achieve the valuation of US$ 10.97 Bn by 2031.
- The growth of the North America plant-based protein market might be attributed to many elements corresponding to hectic existence, rising inclination to take dietary dietary supplements, and rising adoption of plant-based merchandise amongst regional inhabitants
Plant-based Protein Market: Competitors Panorama
- Plant-based protein producers are specializing in increasing their manufacturing capabilities in an effort to cater to the rising product demand
- A number of corporations are seen rising investments in R&D tasks in an effort to develop modern merchandise
- Corporations are utilizing methods of mergers, acquisitions, and partnerships to realize regional growth in addition to strengthen their product portfolio
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Plant-based Protein Market: Key Gamers
A number of the key gamers profiled within the report embrace:
- Batory Meals
- AGT Meals & Components, Inc
- Archer-Daniels Midland Co
- Ag Processing Inc
- Burcon Nutrascience Company
- Biopress S.A.S
- CHS Inc
- Cargill Inc.
- Crown Soya Protein Group
- Cosucra Groupe Warcoing
- E. I. DU PONT DE NEMOURS AND COMPANY
- Devansoy Inc.
- Glanbia plc
- Fuji Oil Holdings Inc.
- Ingredion Inc.
- Gushen Group Co., Ltd.
- Shandong Yuwang Ecological Meals Trade Co., Ltd.
- ROQUETTE FRERES
- Wilmar Worldwide Ltd
- The Scoular Firm
Plant-based Protein Market Segmentation
Product Sort
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
Kind
- Isolate
- Focus
- Others
Utility
- Complement & Dietary Powder
- Drinks
- Protein & Dietary Bars
- Bakery & Snacks
- Breakfast Cereals
- Meat Merchandise
- Dairy Merchandise
- Toddler Vitamin
- Animal Feed
- Others
Areas
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Center east & Africa
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