Plant Protein Market account for US$ 16,653.6 Mn and expected to grow at a CAGR of 6.2% during the forecast period 2020 - 2027| Kerry Group, Koninklijke DSM N.V., Axiom Foods, Inc., Cargill

The global plant protein market is accounted to US$ 16,633.6 Mn in 2018 and is expected to grow at a CAGR of 6.2% during the forecast period 2019 - 2027, to account to US$ 27,965.9 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
On the basis of source, the plant protein market is categorized into the soy, wheat, pea, and others. In 2018, the soy segment leads the global plant protein market. The largest share of the soy segment is attributed to the health benefits offered by the soy protein. For instance, soy protein helps to reduce the cholesterol level, improve metabolism, bone mineral density, and also decrease the risk of cancer.

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Some of the key players in the global plant protein market are E. I. Du Pont De Nemours and Company, Archer Daniels Midland Company, Kerry Group, Koninklijke DSM N.V., Axiom Foods, Inc., Cargill, Incorporated, Roquette Fr?res, Ingredion Incorporated, Glanbia plc, Burcon NutraScience Corporation among others.

Plant protein contains a significant amount of nutrients, including fiber, vitamins, and minerals. Plant-based diets are rich in nutrients like protein, magnesium, potassium, and vitamins K and C, which can improve muscle and bone health in people of all ages. Oat protein, a type of plant protein, contains a high amount of indispensable amino acids which helps in building muscles, cause chemical reactions in the body, transport nutrients, prevent illness, and carry out other functions. Soy protein is used in various food products such as meat analogs, frozen desserts, soups, salads, non-dairy creamers, breakfast cereals, infant formula, cheese, whipped cream, pasta, bread, and pet foods. Additionally, soy protein also provides essential amino acids for human nutrition. Therefore, health benefits offered by the soy protein and a wide range of applications lead to a surge in demand for protein extracted from soy.

The consumers in most of the developed and developing countries in North America, Europe, and Asia-Pacific such as the United States, Canada, Germany, France, China and India, among others are quite concern regarding healthy life style and healthy diet or food habits. The demand for plant proteins in North America is driven by a growing demand for alternative protein types that are more sustainable, clean and creates less environmental impact during production. Additionally, plant proteins contain low cholesterol and saturated fat, and it contains a high nutritional value, which appeals to health-conscious consumers in developed countries.

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The report segments the global plant protein market as follows:

Global Plant Protein Market - by Source

Soy
Wheat
Pea
Others
Global Plant Protein Market - by Type

Isolates
Concentrates
Protein Flour
Global Plant Protein Market - by Application

Protein Beverages
Dairy Alternatives
Meat Alternatives and Meat Extenders
Protein Bars
Bakery
Others
Global Plant Protein Market - by Geography

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
South Korea
Rest of Asia Pacific
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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