Indonesia Plant Protein Market - Forecasts from 2020 to 2025

The Indonesian plant protein market is anticipated to attain a market value of US$93.142 million in 2025. Indonesia is a country with a very rich food culture that incorporates plants, meat and other food ingredients in their daily diet to maintain the required intake of proteins, essential vitamins, and minerals. In addition, Tempeh and Tofu, which are derived from soybeans and rich in soy protein, are two such ingredients and foodstuffs that are widely consumed in daily diet apart from mung beans and are traditional to the Indonesian food culture. Consequently, the health benefits associated with consumption of Tempeh and Tofu are pushing the demand for plant proteins further and playing a vital role in driving the Indonesian plant protein market growth.

Furthermore, the market players are increasingly participating and involved in the market through top-quality and enhanced product offerings in order to cater to the rising demand among the consumers effectively and to contribute to the growth of the market over the forecast period. For instance, Herbalife International of America, Inc., one of the leading companies dealing in the provision of nutritional products globally offers a range of plant protein options under its product portfolio. For example, they offer a product called the “Formula 1 Nutritional Shake Mix”. This product is formulated using a premium quality soy protein isolate, strictly adhering to the nutritional requirements, which consists of all the necessary vitamins and minerals necessary to replenish the bodily functions, along with a cocktail of herbs and antioxidants and dietary fiber. In addition, it contains fats and calories in a controlled amount. One serving of this nutritional shake mix in any beverage and can be consumed once or twice in a day to keep the body fit. It is available in different flavors such as French Vanilla, Dutch Chocolate, Mango, Orange Cream, and Strawberry. It sells another product under the name “Activate Fibre”. This product is an advanced product that is essential for amounting to good health, boosting immunity and providing all the necessary vitamin and mineral requirements. It is developed using natural and especially derived pea protein fibers and soy protein fibers for plant sources In order to increase the fiber intake in the body and keep it balanced.

Food and Beverage shoes immense growth opportunities over the forecast period

By, application the market has been segmented on the basis of dietary supplements, food and beverages, pharmaceuticals, and animal feed. Food and Beverage industry is projected to hold a notable market share over the forecast period and beyond owing to the fact that proteinated foods such as tofu and tempeh derived from soy protein are increasingly popular and widely used in the food and beverage industry. In addition, the market players are involved in proving the consumers with a wide variety of plant protein product choices to appeal to the tastes of children, adults, and the geriatric population alike.

Segmentation

By Source

• Pea
• Rapeseed
• Soy
• Hempseed
• Others

By Form

• Protein Concentrates
• Protein Isolates
• Protein Hydrolysate

By Application

• Dietary Supplement
• Food and Beverages
• Pharmaceuticals
• Animal Feed

By Distribution Channel

• Online
• Offline