Plant protein ingredients are commercially used in the food and beverages products, sports nutrition products and pharmaceutical applications. Protein products are majorly consumed by infant age groups and adult age groups. However due to the benefits of plant protein ingredients nowadays has covered all age group protein consumers.
The plant protein market is expected to increase in developing countries due to emerging economies, rise in demand for healthy food products and high nutritional profiles of soy and pea proteins. Consumers are more inclined towards plant protein because of its ease of digestibility, sustainable source of protein, high nutritional value, non-allergic nature, economical and ethical reasons. Innovation in plant based meat alternatives is another driving factor for the plant ingredient markets. Due to high nutritional facts and economic feasibility of plant proteins provides a great opportunity for the application in food, beverages and dietary supplements to meet the insatiable demands of protein in the market. However fluctuating raw material cost, government regulation related to protein derives from GMO crops and organoleptic ally acceptance of plant based proteins have become a hurdle in the growth of industry.
Market segmentation by application in food industry includes sports and energy drink, meat analogues, beverages, bakery and confectionery and ready to eat products. Plant ingredient in Sports nutrition contributes to the major share in the market in application types. Animal feed market is also a growing segment which uses plant protein as an animal feed ingredient to depend on the more sustainable source which uses less energy consumption, land usage and water consumption. Based on the source of plant protein market is segmented into wheat protein, soy protein, pea protein and other cereal protein. Soy protein dominates the plant protein ingredient segment followed by pea protein and wheat protein. Due to high nutritional value of soy protein which has shown a positive effect on lowering the cholesterol level and fighting with heart disease it has been primarily used in energy drinks and dietary supplements products. Pea protein ingredient being a non GMO protein source with high nutritional facts giving a healthy competition to soy protein in the market with respect to the countries regulatory environment and GMO image problems among consumers. The various forms of plant protein ingredients available in the market are protein concentrate, protein isolate and textured protein. Among the soy protein source type, soy protein concentrate values for XX% of the soya protein market followed by the soy protein isolates which accounts for XX% and soy textured protein that values XX% of the soya protein market. While in the pea protein ingredient market textured pea protein contains the highest amount of protein and dominates the whole pea protein market as compare to pea protein isolates and concentrates.
Based on the geography the global plant protein ingredient market is segmented into North America, Europe, Asia pacific, South America and Africa. In the regional analysis of plant protein market North America is leading the global market followed by Europe and Asia pacific. Asia Pacific is expected to show a highest CAGR during the forecast period.
Usage of approximately 5:1 of plant protein to produce animal protein provides a great opportunity for the plant based protein market to grow while the GMO nature of soya and wheat protein, sensory and functional properties of plant proteins is still a big challenge for the market. The key players in the markets are Archer Daniel Midland Company (U.S), Kerry Group (Ireland), and Cargill Incorporated (U.S), E.I. Du Pont de Company (U.S) and Omega Protein Corporation (U.S) among others. The key players involved in new product development, expansions and partnerships, agreements & collaboration to gain a profitable share in the market.
1. Market analysis for the Global Plant protein Market, with region specific assessments and competition analysis on global and regional scales
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the global Plant protein Market on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.2 Market Dynamics
126.96.36.199 Increased demand of protein products
188.8.131.52 Growth in urbanization
184.108.40.206 Inclination towards health awareness
220.127.116.11 Innovation in food technology
18.104.22.168 Intolerance of animal protein
22.214.171.124 Cost competitiveness
126.96.36.199 Rising cost of agriculture commodities
188.8.131.52 Sensory properties of plant protein
184.108.40.206 Government Regulations
220.127.116.11 Gluten allergic consumers
18.104.22.168 Sustainabile source
22.214.171.124 Increase in health awareness
126.96.36.199 Increasing demand of vegan diet
3.2.4 Porter Five Forces Analysis
188.8.131.52 Bargaining Power of Suppliers
184.108.40.206 Bargaining Power of Buyers
220.127.116.11 Threat of New Entrants
18.104.22.168 Threat of Substitute Products and Services
22.214.171.124 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Application
4.1.1 Food Ingredients
126.96.36.199 Energy and sports drink
188.8.131.52 Meat Analogues
184.108.40.206 Bakery and confectionery
220.127.116.11 Ready to eat
4.1.3 Animal Feed
4.2 By source
4.2.1 Wheat Protein
4.2.2 Soy Protein
4.2.3 Pea Protein
4.2.4 Other vegetable Protein
4.2.5 Nuts and seeds
4.3 By Type
4.3.1 Protein Isolate
4.3.2 Protein Concentrate
4.3.3 Textured Protein
4.4 By Geography
4.4.1 North America
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies by market strategies
5.5 Market Share Analysis
6. Company Profiles
6.1 Archer Daniels Midland Company (U.S)
6.2 Kerry Group (Ireland)
6.3 Cargill Incorporated U.S
6.4 E.I Du Pont de company(U.S)
6.5 Omega Protein Corporation (U.S.)
6.6 Amco Proteins (U.S)
6.7 Scoular Company Food Ingredient
6.8 Reliance Private label supplements
6.9 Axiom Foods
6.10 Roquette Foods
6.11 Manitoba harvest hemp foods
6.12 Sodrugestvo Groups
6.13 Sunwarrior(Sun Brothers, LLC)(U.S)
6.14 Growing Naturals, LLC
6.15 Glanbia nutritionals
6.16 Pinnacle Foods Inc.
6.17 Ajjinomoto co.Inc.
6.18 Azaki Gulico Co., Ltd.
6.19 Kyowa Hakko Kogyo Co., Ltd.
6.20 Showa Sangyo Co., Ltd.
6.21 Azaki Gulico Co., Ltd.
6.22 Kyowa Hakko Kogyo Co., Ltd.
6.23 Showa Sangyo Co., Ltd.