Press release
$10.9 Billion Plant Based Protein Market, Leading players Archer Daniels Midland Company, Cargill, Ingredion Incorporated, Kerry Group, DuPont, NOW Foods, Tate & Lyle, AMCO Proteins Company, Beneo, Glanbia, Corbion, Wilmar International, CHS Inc
Browse research study @ https://www.meticulousresearch.com/product/plant-based-protein-market-2017-2022/
On the basis of type, soy protein commanded the largest share in the global plant based protein market in 2016, 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 basis of application, 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 of these proteins, compatibility with vegetarian and vegan lifestyles, and rising clean label trend.
Top players analysed here are:
Archer Daniels Midland Company
Cargill
Ingredion Incorporated
Kerry Group
DuPont
NOW Foods
Tate & Lyle
AMCO Proteins Company
Beneo
Glanbia
Corbion
Wilmar International
CHS Inc
Roquette Freres Le Romarin
Axiom Foods Inc.
Burcon Nutrascience Corporation
Glico Nutrition Co.
Cosucra Groupe Warcoing SA
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Geographically, North America accounted for the major share in the global plant based protein market in 2016, due to its well established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference to meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend. However, Asia Pacific market is expected to witness a rapid growth during the forecast period.
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Viren Shrivastava
AVP- Global Sales and Marketing
Meticulous Research®
Email: viren@meticulousresearch.com
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