The Plant
based protein market is driven by 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, and various advancements in
ingredient technologies such as microencapsulation. However, significant preference
for animal based protein and fluctuating raw material prices restricts the
growth of plant based proteins market to some extent. In addition, growing
demand for soy free and gluten free products is expected to pose a serious
challenge to the growth of this market.
The global plant based protein market is mainly segmented by
type (soy protein, wheat protein, pea protein, canola protein, potato protein,
rice protein, corn protein, and others), by application (food & beverages,
animal feed, nutrition & health supplements, pharmaceuticals, and others),
and by geography (North America, Europe, Asia-Pacific, Latin America, and
Middle East & Africa).
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| Plant based protein market |
Browse in depth report: https://www.meticulousresearch.com/product/plant-based-protein-market-2017-2022
In case of type, soy protein
commanded the largest share in the global plant based protein market in 2016.
The large share of soy protein is mainly attributed to the factors such as its
easy availability, cheaper than other sources of protein, increased demand of
meat protein alternatives, wide range of applications in various products,
greater consumer awareness, and multiple health benefits. On the other hand, in
case of applications, food & beverages segment accounted for the largest
share in 2016, owing to increasing consumer preference for plant based foods
and ingredients, growing awareness and demand for protein rich food products,
versatile functionality, compatibility with vegetarian and vegan lifestyles,
and rising clean label trend.
Key questions answered in the report-
- Which are the high
growth market segments in terms of type, application, and
regions/countries?
- What is the
historical market for plant based protein across the globe?
- What are the market
forecasts and estimates from the period 2015-2022?
- What are the major
drivers, restrains, challenges, and opportunities in the global plant
based protein market?
- Who are the major
players in the global plant based protein 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?
- What are the
competitive landscapes and who are the market leaders by sub-region in the
global plant based protein market?
- What are the recent
developments in the global plant based protein market?
- What are the
different strategies adopted by the major players in the global plant
based protein market?
- What are the
geographical trends and high growth regions/ countries
- What are the local
emerging players in the global plant based protein market and how do they
compete with the global players?
The leading companies have employed various strategies to expand their
product and application offerings, global footprint, and augment their market
share. The key strategies followed by most companies in the global plant based
protein market were expansions, and mergers & acquisitions. The key players
in the global plant based protein market are Archer Daniels Midland Company
(U.S.), Cargill, Incorporated (U.S.), Roquette Freres Le Romarin (France),
Ingredion Inc. (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and
Company (U.S.), NOW Foods/NOW Health Group, Inc. (U.S.), Tate & Lyle Plc
(U.K.), Axiom Foods Inc. (U.S.), AMCO Proteins (U.S.), Burcon Nutrascience
Corporation (Canada), Beneo GmbH (Germany), Glico Nutrition Co., Ltd. (Japan),
Glanbia plc. (Ireland), Corbion NV (the Netherland), Cosucra Groupe Warcoing SA
(Belgium), SOTEXPRO SA (France), Farbest Brands/Farbest-Tallman Foods
Corporation (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar
International Ltd. (Singapore), and CHS Inc. (U.S.).
Meticulous
Market Research Pvt. Ltd.
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