(Food-Beverage-News.Com, August 26, 2019 ) According to a new market research report “Plant Based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein) and Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, Pharmaceuticals)– Global Forecast to 2025”, published by Meticulous Research®, the global plant-based protein market is expected to grow at a CAGR of 8.1% from 2019 to reach $14.32 billion by 2025.
Consumer interest to boost protein intake is increasing with more attention being paid to the specific types of protein being consumed. The desire for clean labels, ease of digestion, the need or desire to avoid allergens, compatibility with vegetarian and vegan lifestyles, and concerns about sustainability among the general population are putting the spotlight on plant proteins. Consumer notions of what constitutes a good protein source are expanding to include a wider variety of plant protein ingredients. Subsequently, interest in plant protein ingredients among food manufacturers and foodservice operators is intensifying, thereby fueling the growth of the overall plant-based protein market.
Plant Based Protein-Market Insights :
Drivers-
Increasing awareness about the benefits of protein and growing demand for protein rich diet
Growing health & wellness trend
Increasing consumers’ focus on meat alternatives
Growing demand from food & beverage industry
Advancements in ingredient technologies such as microencapsulation
Restraints-
Significant preference for Animal based protein
Fluctuating raw material prices
Challenges-
Increasing soy-free and gluten-free trend
Opportunity-
Aquatic plants - new and emerging sources of protein
Increasing inclination towards vegan diet
Emerging economies- Southeast Asia, Latin America, Middle East & Africa
Growing food & beverage and nutrition & health supplements industry to drive the adoption of plant based protein
How does the adoption of plant based proteins in food and beverage industry differ from the adoption in nutrition and health supplements industry?
What impact does this have on the adoption of plant based proteins in comparison to other application segments?
Which are the high growth market segments in terms of types, and regions/countries?
The North American plant based protein market favors both larger and local manufacturers that compete in multiple segments
Who are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
What strategies should new companies looking to enter this market use to compete effectively?
What are the major drivers, restrains, challenges, and opportunities in the global plant based protein market?
Who are the major players in various countries and what share of the market do they hold?
What are the geographical trends and high growth regions/ countries?
Recent new product launches, partnerships, mergers & acquisitions, and expansions taken place in the plant based protein market
What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the plant based protein market?
Which companies have created partnerships and how will these partnerships promote a competitive advantage?
Who are the major players in the global plant based protein market and what share of the market do they hold?
Who are the local emerging players in the plant based protein market and how do they compete with the global players?
