Insights on the Plant-based Protein Global Market to 2028 - Increasing Inclination Towards a Vegan Diet Presents Opportunities

·6 min read

DUBLIN, Jan. 17, 2022 /PRNewswire/ -- The "Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein), Crop Type (GMO), Source Process (Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Global Forecast to 2028" report has been added to's offering.

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This report provides in-depth analysis of plant-based protein market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2027. The Global Plant-Based Protein Market is expected to reach $23.4 billion by 2028, growing at a CAGR of 9.7% during the forecast period of 2021 to 2028.

The growth of this market is mainly attributed to the growing demand for protein-rich diet, growing health & wellness trend, increasing consumers' focus on meat alternatives, growing demand from the food & beverage industry, and various advancements in ingredient technologies such as microencapsulation are the key factors driving the growth of the plant-based protein market.

The study offers a comprehensive analysis of the global plant-based protein market with respect to type (soy protein {soy protein concentrates, soy protein isolate, textured soy protein, and soy flour, grits, chunks}, wheat protein {vital wheat gluten, wheat protein isolate, hydrolyzed wheat protein, and textured wheat protein}, pea protein {pea protein isolate, pea protein concentrate, and others}, canola protein, potato protein, rice protein, corn protein, and others), crop type (genetically modified organism crops and non-genetically modified organism crops), source process (conventional plant-based protein ingredients and organic plant-based protein ingredients), application (food and beverages {meat, poultry, & seafood; bakery; meat analog; dairy & dairy alternatives; cereals & snacks; beverages; and others}, animal feed, nutrition and health supplements, pharmaceuticals, and others), and geography. The study also evaluates industry competitors and analyses the market at a country level.

The key players operating in the global plant-based protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romain (France), Ingredion Incorporated (U.S.), Kerry Group (Ireland), DuPont de Nemours, Inc. (U.S.), Now Foods (U.S.), Tate & Lyle PCL (U.K.), Axiom Foods Inc. (U.S.), AMCO Protein (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (Germany), Glico Nutrition Co., Ltd (Japan), Glanbia plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International (Singapore), and CHS Inc. (U.S.).

Key questions answered in the report-

  • Which are the high growth market segments in terms of the type, crop type, source process, form, application, and countries?

  • What is the historical market for plant-based protein across the globe?

  • What are the market forecasts and estimates for the period of 2021-2028?

  • What are the major drivers, restraints, challenges, trends, and opportunities in the global plant-based protein market?

  • Who are the major players in the global market, and what share of the market do they hold?

  • Who are the major players in various countries, and what share of the market do they hold?

  • How is the competitive landscape?

  • What are the recent developments in the global plant-based protein market?

  • What are the different strategies adopted by the major players in the market?

  • What are the key geographic trends, and which are the high-growth countries?

  • Who are the local emerging players in the global plant-based protein market, and how do they compete with the other players?

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for a Protein-Rich Diet
4.2.2. Growing Health and Wellness Trend
4.2.3. Increasing Focus on Meat Alternatives
4.2.4. Growing Demand from the Food and Beverage Industry
4.2.5. Advancement in Ingredient Technologies: Microencapsulation
4.3. Restraints
4.3.1. Preference for Animal-based Protein
4.3.2. Fluctuating Raw Material Prices
4.4. Opportunities
4.4.1. Increasing Inclination Towards a Vegan Diet
4.4.2. Emerging Economies
4.4.3. Increasing Intolerance for Animal Proteins
4.5. Challenges
4.5.1. Increasing Soy-Free and Gluten-Free Trend
4.6. Trends
4.6.1. Increase in Investments in the Plant-based Food Business

5. Impact of Covid-19 on the Plant-based Protein Market

6. Plant-based Protein Market, by Type
6.1. Introduction
6.2. Soy Protein
6.2.1. Soy Protein Concentrates
6.2.2. Soy Protein Isolates
6.2.3. Textured Soy Proteins
6.2.4. Soy Flour, Grits, and Chunks
6.3. Wheat Protein
6.3.1. Vital Wheat Gluten
6.3.2. Wheat Protein Isolates
6.3.3. Hydrolyzed Wheat Protein
6.3.4. Textured Wheat Protein
6.4. Pea Protein
6.4.1. Pea Protein Isolates
6.4.2. Pea Protein Concentrates
6.4.3. Other Pea Protein
6.5. Canola Protein
6.6. Potato Protein
6.7. Rice Protein
6.8. Corn Protein
6.9. Other Proteins

7. Plant-based Protein Market, by Crop Type
7.1. Introduction
7.2. Genetically Modified Organism Crops
7.3. Non-Genetically Modified Organism Crops

8. Plant-based Protein Market, by Source Process
8.1. Introduction
8.2. Conventional Plant-based Protein Ingredients
8.3. Organic Plant-based Protein Ingredients

9. Plant-based Protein Market, by Form
9.1. Introduction
9.2. Solid (Dry)
9.3. Liquid

10. Plant-based Protein Market, by Application
10.1. Introduction
10.2. Food & Beverage
10.2.1. Meat, Poultry, & Seafood
10.2.2. Bakery
10.2.3. Meat Analogue
10.2.4. Dairy & Dairy Alternatives
10.2.5. Cereals and Snacks
10.2.6. Beverages
10.2.7. Other Food and Beverage Applications
10.3. Animal Feed
10.4. Nutrition and Health Supplements
10.5. Pharmaceuticals
10.6. Other Applications

11. Plant-based Protein Market, by Geography
11.1. Introduction
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. Rest of Asia-Pacific
11.5. Latin America
11.6. Middle East & Africa

12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.3. Competitive Benchmarking
12.4. Market Share Analysis

13. Company Profiles
13.1. Archer-Daniels-Midland Company
13.2. Cargill, Incorporated
13.3. Roquette Freres Le Romain
13.4. Ingredion Incorporated
13.5. Kerry Group
13.6. Dupont De Nemours, Inc.
13.7. Now Foods
13.8. Tate & Lyle PLC
13.9. Axiom Foods Inc.
13.10. AMCO Proteins
13.11. Burcon NutraScience Corporation
13.12. Beneo Gmbh (Part of Sudzucker Ag)
13.13. Glico Nutrition Co., Ltd.
13.14. Glanbia, Plc
13.15. Cosucra Groupe Warcoing SA
13.16. Sotexpro
13.17. Farbest Brands
13.18. Crespel & Deiters GmbH & Co. KG
13.19. Wilmar International
13.20. CHS Inc.

14. Appendix

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