The plant protein market is anticipated to increase its market value from US$10.126 billion in 2020 to US$17.414 billion by 2027, growing at a CAGR of 8.05%.The word protein is derived from the Greek adjective of paramount importance, proteins. It is the primary component of our body and is utilised to create things like muscles, tendons, organs, and skin in addition to microscopic molecules like neurotransmitters, enzymes, and hormones. Plants are superior protein sources since they frequently have fewer calories and negative impacts than animal products. Plants rich in protein include lentils, broccoli, spinach, quinoa, green peas, chickpeas, hemp seeds, etc.
Expanding population is boosting the growth of the plant protein marketThe demand for proteins is rising in response to the expanding population, and traditional animal sources are now unable to meet this demand. As a result of the limited availability of animal sources of protein due to the growing population, the market for plant proteins will expand. Along with the rising prevalence of sensitivities to animal proteins, the market will rise as more customers choose vegan and plant-based diets. Additionally, the market demand will be fueled by changing lifestyles and an unbalanced diet. As a result, research and development are being done on substitute protein sources, such as plant proteins.
By SourceBy source, the plant protein market is segmented as pea, rapeseed, soy, hempseed, and other sources. High-quality pea protein is frequently used to boost the protein content of shakes and smoothies. Soy protein provides all essential amino acids that can help avoid diabetes, obesity, and cancer. Additionally beneficial during pregnancy, soya beans have a positive impact on postmenopausal women's bone and calcium balance.
By FormBy form, the plant protein market is segmented as protein concentrates, protein isolates, and protein hydrolysate. The least processed protein powder is protein concentration. Protein isolate is a form of protein that has undergone additional processing to remove fat, lactose, gluten, and other undesirable components, making it easily digested. The most processed form of protein is protein hydrolysate, which also absorbs more quickly for quick and efficient digestion.
By ApplicationThe market is divided into categories based on application, including animal feeds, food and beverages, pharmaceuticals, and dietary supplements. Cakes, snack bars, and shakes are just a few foods and drinks that include protein. Due to protein's many advantages and the growing public interest in health and fitness, its use is expanding quickly.
By Distribution ChannelThe plant protein market is divided into online and offline segments based on the distribution channel. With the development of technology and people's hectic schedules, internet distribution channels have made it easier for people to purchase goods when it is convenient for them. For those who like to purchase a thing only after careful examination and personal questioning, an offline store is an excellent option.
By GeographyGeographically, the plant protein market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Due to rising consumer awareness and more investment, North America is expected to rise dramatically. Similarly to this, the European plant protein market will be driven by the government's rising support for reducing meat consumption. A shift in eating habits and a high intake of diets high in protein are expected to cause a surge in demand in the Asia Pacific.
- April 2022: Cargill is increasing the availability of RadiPure® pea protein across the Middle East, Turkey, Africa (META), and India in an effort to support the growing trend of customers who want to include more plant-based meals in their diets. In terms of functionality, RadiPure® pea protein offers the solubility and flavour profile that clients require for the creation of food applications. Pea protein is a wise choice for a variety of applications, including dairy and dairy alternatives, snacks, bakery, plant-based meat replacements, and vegan, and vegetarian solutions because of these advantages as well as its emulsifying, viscosifying, and gelation qualities. Due to its great amino acid composition and good digestion, pea protein is well-regarded nutritionally. RadiPure® brand from Cargill has a minimum protein content of 80%. For a full protein profile, it can be coupled with other plant-based proteins.
- March 2019: DuPont Nutrition & Health introduced an excellent option for producers of snacks, cereals, nutrition bars, toppings, and other food products in response to the three emerging trends in the food and beverage sector of plant-based diets, protein, and healthy snacking. From its SUPRO® and TRUPRO® product lines, six new plant protein nuggets provide options with more protein or less sodium than prior offerings, in a wider range of shapes and tKSIextures. Extruded plant protein nuggets or crisps are frequently used in cereals, snacks, and nutrition bars to boost protein content while providing a crispy, crunchy feel.
- Wheat Proteins: Wheat proteins by Cargill Incorporate aid in supplying the body with critical amino acids that it cannot produce on its own. Beyond nutrition, these readily available proteins from plants have functional advantages, and their bland flavour makes them simple to incorporate into a range of food and animal feed systems. Competitive cost-in-use, high digestibility, special viscoelastic properties, neutral flavour profile, and sustainably derived are some of the qualities.
- JY-PP85 pea protein: A wholesome, highly functional protein powder, JY-PP85 is a light beige spray-dried powder pea protein isolate. A fermentation-derived pea protein isolate with good solubility and a neutral flavour is JY-PP85. This item has a non-GMO certification. On a dry basis, it has a minimum of 85% protein. A few proven applications include Food and drink, bars, protein, and energy beverages: powdered, ready-to-drink Snacks, cereals, gluten-free foods, high-protein foods, and dairy items are examples of food goods. Gluten-free, non-GMO, and vegan are claimed by the label. The product is certified as Halal, Kosher, and Non-GMO Project Verified, among others.
The market has been analyzed through the following segments:
- Protein Concentrates
- Protein Isolates
- Protein Hydrolysate
- Dietary Supplement
- Food and Beverages
- Animal Feed
By Distribution Channel
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
Frequently Asked Questions about the Global Plant Protein Market
What is the estimated value of the Global Plant Protein Market?
The Global Plant Protein Market was estimated to be valued at $10.13 billion in 2020.
What is the growth rate of the Global Plant Protein Market?
The growth rate of the Global Plant Protein Market is 8.0%, with an estimated value of $17.41 billion by 2027.
What is the forecasted size of the Global Plant Protein Market?
The Global Plant Protein Market is estimated to be worth $17.41 billion by 2027.
Who are the key companies in the Global Plant Protein Market?
Key companies in the Global Plant Protein Market include Cargill Incorporated, ADM, DuPont, Axiom Foods, Inc, Farbest Brands, Amco Proteins, Roquette, Kerry, Inc and Wilmar International Limited.
|No. of Pages||146|
|Forecast Period||2020 - 2027|
| Estimated Market Value ( USD
||USD 10.13 billion|
| Forecasted Market Value ( USD
||USD 17.41 billion|
|Compound Annual Growth Rate||8.0%|
|No. of Companies Mentioned||15|
Table of ContentsINTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2.1. Research Data
3.1. Research Highlights
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
PLANT PROTEIN MARKET ANALYSIS, BY SOURCE
PLANT PROTEIN MARKET ANALYSIS, BY FORM
6.2. Protein Concentrates
6.3. Protein Isolates
6.4. Protein Hydrolysate
PLANT PROTEIN MARKET ANALYSIS, BY APPLICATION
7.2. Dietary Supplements
7.3. Food and Beverages
7.5. Animal Feeds
PLANT PROTEIN MARKET ANALYSIS, BY DISTRIBUTION CHANNEL
PLANT PROTEIN MARKET ANALYSIS, BY GEOGRAPHY
9.2. North America
9.3. South America
9.4.3. United Kingdom
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11.1. Cargill Incorporated
11.4. Axiom Foods, Inc
11.5. Farbest Brands
11.6. Amco Proteins
11.8. Kerry, Inc
11.9. Maple Leaf Foods
11.10. Wilmar International Limited
11.11. CHS, Inc.
11.12. Glanbia Plc
11.13. Shandong Jianyuan Group
- Cargill Incorporated
- Axiom Foods, Inc
- Farbest Brands
- Amco Proteins
- Kerry, Inc
- Maple Leaf Foods
- Wilmar International Limited
- CHS, Inc.
- Glanbia plc
- Shandong Jianyuan Group