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Meticulous Research Reveals how Plant Based Protein Market Growing at a CAGR of 6.7% in 2022

05-02-2019 09:13 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

Meticulous Research Reveals how Plant Based Protein Market

The desire for clean labels, ease of digestion, the need or desire to avoid allergens, compatibility with vegetarian and vegan lifestyles and concerns about sustainability among the general population are putting the spotlight on plant proteins. Meticulous Research® in its latest publication on plant based protein market states that the global plant based protein market will increase at a CAGR of 6.7% from 2017 to 2022 to reach USD 10,892.3 million by 2022.

Growth of the global plant based protein market is mainly attributed to 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.

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To provide efficient analysis, Meticulous Research has segmented this market on the basis of type (soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and others), application (food & beverages, animal feed, nutritional & health supplements, pharmaceuticals, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to well established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend.

While in terms of type, soy protein segment accounted for the largest share in the global plant based protein market. The large share of this segment is mainly attributed to 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.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including 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 (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 (France), Farbest Brands (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).

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Key Topics Covered in This Report:

1. Introduction

1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary

4. Market Insights

4.1. Introduction
4.2. Drivers
4.2.1. Increasing Awareness About the Benefits of Protein and Growing Demand for Protein Rich Diet
4.2.2. Growing Health and Wellness Trend
4.2.3. Increasing Consumer Focus on Meat Alternatives
4.2.4. Growing Demand from Food and Beverage Industry
4.2.5. Advancement in Ingredient Technologies: Microencapsulation
4.3. Restraints
4.3.1. Significant Preference for Animal Based Protein
4.3.2. Fluctuating Raw Material Prices
4.4. Challenges
4.4.1. Increasing Soy-Free and Gluten-Free Trend
4.5. Opportunities
4.5.1. Aquatic Plants – New and Emerging Source of Protein
4.5.2. Increasing Inclination towards Vegan Diet
4.5.3. Emerging Economies- Southeast Asia, Latin America, Middle East & Africa
4.6. Market Share Analysis

5. Global Plant Based Protein Market, by Type

5.1. Introduction
5.2. Soy Protein
5.2.1. Soy Protein Concentrates
5.2.2. Soy Protein Isolates
5.2.3. Textured Soy Protein
5.2.4. Soy Flour, Grits, and Chunks

5.3. Wheat Protein
5.3.1. Vital Wheat Gluten
5.3.2. Wheat Protein Isolates
5.3.3. Hydrolyzed Wheat Protein
5.3.4. Textured Wheat Protein

5.4. Pea Protein
5.4.1. Pea Protein Isolate
5.4.2. Pea Protein Concentrate
5.4.3. Others

5.5. Canola Protein
5.6. Potato Protein
5.7. Rice Protein
5.8. Corn Protein
5.9. Others

6. Global Plant Based Protein Market, by Application

6.1. Introduction
6.2. Food and Beverages
6.2.1. Meat, Poultry, and Seafood
6.2.2. Bakery
6.2.3. Meat Analogue
6.2.4. Dairy and Dairy Alternatives
6.2.5. Cereals & Snacks
6.2.6. Beverages
6.2.7. Others
6.3. Animal Feed
6.4. Nutrition & Health Supplements
6.5. Pharmaceuticals
6.6. Others

7. Plant Based Protein Market, by Geography

7.1. Introduction
7.2. North America
7.2.1. Introduction
7.2.2. U.S.
7.2.3. Canada

7.3. Europe
7.3.1. Introduction
7.3.2. Germany
7.3.3. France
7.3.4. U.K
7.3.5. Italy
7.3.6. Spain
7.3.7. Rest of Europe

7.4. Asia-Pacific
7.4.1. Introduction
7.4.2. China
7.4.3. Japan
7.4.4. India
7.4.5. Australia
7.4.6. Rest of Asia-Pacific

7.5. Rest of World
7.5.1. Introduction
7.5.2. Latin America
7.5.3. Middle East and Africa

8. Competitive Landscape

8.1. Introduction
8.2. New Product Launches
8.3. Mergers & Acquisitions
8.4. Expansions
8.5. Agreements, Partnerships & Collaborations

9. Company Profiles

9.1. Archer Daniels Midland Company
9.2. Cargill, Incorporated
9.3. Roquette Freres Le Romarin
9.4. Ingredion Inc.
9.5. Kerry Group
9.6. E.I. Dupont De Nemours and Company
9.7. NOW Foods (NOW Health Group, Inc.)
9.8. Tate & Lyle Plc
9.9. Axiom Foods Inc.
9.10. Amco Proteins
9.11. Burcon Nutrascience Corporation
9.12. Beneo Gmbh
9.13. Glico Nutrition Co., Ltd
9.14. Glanbia Plc
9.15. Corbion NV (Terravia)
9.16. Cosucra Groupe Warcoing SA
9.18. Farbest Brands (Farbest-Tallman Foods Corporation)
9.19. Crespel & Deiters Gmbh & Co. Kg
9.20. Wilmer International Ltd.
9.21. CHS Inc.

10. Appendix

10.1. Questionnaire
10.2. Available Customization

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Contact –
Meticulous Research
Khushal Bombe

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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