Plant Protein Market is expected to reach USD 35.1 billion by the year 2026 | Glanbia Plc, Cargill Inc., Archer Daniels Midland Company, DuPont, Kerry Group, etc.

According to the current analysis of Reports and Data, the global Plant protein market was valued at USD 22.9 billion in 2018 and is expected to reach USD 35.1 billion by the year 2026, at a CAGR of 5.4%. Plant-based protein products developed from plant sources such as soy, wheat, and pea. Plant-based proteins used in drinks, dairy alternatives, nutrition supplements, protein bars, meat alternatives, processed meat, bakery, food poultry & seafood, and sports nutrition.

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Companies considered and profiled in this market study
Glanbia Plc, Cargill Inc., Archer Daniels Midland Company, DuPont, Kerry Group, Ingredion Incorporated, Tate & Lyle, Royal DSM, Roquette Freres, and Axiom Foods, among others

These products are to improve their nutritional and functional properties, such as texturing, stabilizing, emulsifying, solubility, and binding. Consumers are focused on a better knowledge of the origin of their food and avoid products believed unnatural or unhealthy. These "clean" eating trends, driven primarily by millennials, favor foods that are healthy, ethically and naturally sourced, and less processed. Increased plant-based protein product consumption is a direct consequence of this shift.

In addition to an upsurge in sales, there has also been a massive influx of investment into the plant-based food business in the past five years. In total, USD 17 billion has invested in the plant-based food industry, including USD 13 billion in the past two years. The major Investors include visionary tech tycoons, VCs, accelerators, and global food conglomerates companies like Nestle, General Mills, and Danone. Several frontrunners in the conventional meat industry have also begun to invest in, acquire, and build new plant-based meat products in-house, all while rebranding themselves as protein companies that aim to provide the most options to consumers.

Further key findings from the report suggest

o A significant reason in the growth of the plant-based industry, particularly in the UK, is the increased ethical focus of the consumer. This partially led by the millennial generation and the advent of the 'flexitarian' consumer. The 'flexitarian' customer is an individual who still devours meat and dairy but wishes to reduce the quantity of ethical, environmental, and health grounds.

o The growth in the plant-based segment has primarily been driven by the mainstream advent of the 'flexitarian' customer (people who still consume meat and dairy but seek to reduce the levels they consume), as well as augmented numbers of vegetarians and vegans, as customers respond to a mixture of ethical, environmental and health concerns.

o Today, most of the people shaken by Type 2 diabetes, and it is one of the growing health problems over the world. It becomes a matter for teenagers and children. Healthy nutrition practices may play a role in managing and helping type-2 diabetes. Here, plant protein is the high biological, high quality, and value protein, which is an excellent choice for the people who have diabetics. Plant protein helps to control the blood glucose levels and also provides additional benefits for weight management which are a concern for people with type-2 diabetes

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For the purpose of this report, Reports and Data has segmented the Plant protein market on the basis of type, source, form, distribution channel, application, and region:

Form (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
Protein Isolates
Protein Concentrates
Textured Proteins
Others

Source (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
Wheat Protein
Soy Protein
Pea Protein
Others (Canola Protein, Potato Protein, Rice Protein, Corn Protein, among others)

Type (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
Powder
Tablets
Bars
Others

Distribution Channel (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
Online
Specialty Stores
Supermarkets & Hypermarkets
Departmental Stores
Others

Application (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
Food and Beverages
Animal Feed
Nutrition & Health Supplements
Pharmaceuticals
Others

Regional Outlook (Revenue, USD Billion; 2016-2026, Volume, Kilo Tons; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Key selling points of this research study
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