What will be the major factors behind Plant Based Ingredients Market growth? Key Players Cargill, DuPont, ProVeg International, BI Nutraceuticals, Dohler Group and PURIS

Global Market Insights, Inc. has added a new report on Plant Based Ingredients Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

The plant based ingredients market has recently been growing at a remarkable pace, characterized by the rising preference towards non-meat diets, along with the robust demand for nutritional content. A rise in the consumer consciousness on high fiber and allergen-free food products has pushed them towards milk substitutes for delivering essential protein requirement, which in turn will propel the plant based ingredients market.

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Key profiles:
• Cargill
• ProVeg International
• BI Nutraceuticals
• PURIS
• DuPont
• Roquette
• Dohler Group
• Health Warrior
• Naturex

An increase in awareness about animal health among animal feed manufacturers and farmers will surge the demand for plant based ingredients since these help to improve the livestock growth efficiency. There has also been a surge in the demand for dietary and sports supplements owing to their high nutritional specifications in contrast with other synthetic proteins.

Escalating demand for chemical-free products has raised the usage of plant based ingredients in the cosmetic industry, pertaining to the anti-aging properties of these ingredients. There has also been a spurt of requirement for natural skincare products owing to a rise in health concerns due to synthetic chemicals. The rising demand for nutrient rich feed as well as increasing awareness about healthy eating among consumers will steer the growth map of the overall plant based ingredients market.

Consumers in recent times have also been paying more attention to the label claims while buying food products. This has led to an increase in the demand for natural ingredient based product due to their high level of protein, thereby augmenting the growth of plant based ingredients market.

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Corn based ingredients market demand expects consumption at over 850 million tons in 2018. These are used in animal feed application owing to its rich protein content. Increasing animal health awareness among farmers and animal feed manufacturers may increase the demand for corn protein in animal feed as it aids in improving the livestock growth efficiency, thereby stimulating plant-based ingredients market demand.

Canola oil has gained popularity owing to its easy availability and diverse applications in cosmetics, food and health industries. It helps increasing immunity as it contains less saturated fats and is very effective for heart health. Rising demand of chemical-free products has increased the usage of canola oil in cosmetic industry pertaining to its anti-aging properties. Growing demand for natural skincare products pertaining to rising health concerns regarding synthetic chemicals is likely to boost the plant-based ingredients market demand.

U.S. potato-based ingredients market demand from animal feed application may witness significant gains at over 5% during the forecast period. Increasing awareness about animal health eating and rising demand for nutrient rich feed for consumers & animals may drive the overall market. Consumers are paying more attention towards label claims while purchasing food products which has led to increasing natural ingredients product demand owing to their high protein level thereby boosting plant-based ingredients market growth.

Germany rice-based ingredients market demand is likely to surpass USD 190 billion up to 2025. Rapid growth of vegan products owing to the new innovations in the bakery & confectionary goods and beverages with applications in food & beverages, sports supplements and bakery & confectionary will stimulate plant based ingredients market. In addition, rising importance owing to product innovation and R&D activities in this sector may contribute towards the industry growth.

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China soy-based ingredients market demand is expected to witness growth rate at over 6.5% by the end of forecast period. High processed meat and dairy have increased the risk of developing diabetes and cancer which has enhanced the demand of natural and less processed products diets. Changing public preference towards meat substitutes is likely to drive the plant based ingredients market growth.

Cargill, ProVeg International, BI Nutraceuticals and PURIS are major industrial participants in plant-based ingredients market. Companies are focusing to focusing to increase their business by collaborating and partnerships with strong focus on R&D to increase product portfolio.

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Global Market Insights, Inc.
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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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