Plant-based Protein Market to Cross Valuation of US$ 22.7 Bn by 2031

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The latest research report published by Transparency Market Research on the global market for plant-based proteins includes North America, Latin America, Europe, Oceania, East Asia, South Asia, Middle East, and Africa industry analysis and growth opportunity assessment for 2021-2031.

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/plantbased-protein-market.html

North America account for a value share of 48.4% plant-based protein market. This market in North America is estimated to value US$ 6.34 Bn in 2021 and rise at a CAGR of 5.6% to reach US$ 10.97 Bn by 2031.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐥𝐞𝐚𝐧 𝐋𝐚𝐛𝐞𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Plant based protein is gaining popularity among food manufacturers, as it is considered as a clean label ingredient. Consumer tend to purchase products by reading the label for the specification of the product before consuming it.

For food producers, clean label refers to simplifying the ingredient list, while removing contents that are not easily accepted or preferred by consumers. Plant proteins are easily recognized by consumers and presumed to be nutritious, natural, and healthy.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=80587

According to Ingredion, a leading global ingredients solutions company, approximately 80% of customers globally feel it is important that they identify all ingredients listed on their food and drink packaging. A global survey conducted across 17 countries indicated that consumers also feel that a short and simple ingredient list is essential, and Chinese consumers were rated forth most preferred to read ingredient lists.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐭𝐨𝐰𝐚𝐫𝐝 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐭𝐨 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧

In developed countries, majority of consumers are health-conscious and aware of the benefits of preventative healthcare. Various online forums and magazines provide diet and lifestyle advice and provide regular updates. Moreover, to fuel the demand for plant-protein enhanced products, manufacturers of natural ingredient-based protein are promoting diverse products through various channels such as marketing campaigns, newspapers, and web portals. These marketing methods are generally focused on new goods that provide improved effectiveness, safety, and health benefits such as the capacity to reduce body weight, cholesterol, and blood pressure. This is likely to help the region's market flourish.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=80587

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐏𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐟𝐫𝐨𝐦 𝐒𝐨𝐲 𝐭𝐨 𝐅𝐮𝐞𝐥-𝐮𝐩 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧

Soy protein, in general, contains lower amounts of saturated fat and cholesterol than meat products. It also contains fats beneficial to humans. Beyond that, soy protein is actually a "complete protein", while providing all of the amino acids essential to human nutrition, and has also been shown to help reduce LDL cholesterol and promote a healthy heart when consumed in diets low in saturated fat and cholesterol. According to the Centre for Diseases Control and Prevention from 2007-2008 through 2017-2018, rise in percentage of adults has been observed that are preferring special diet, calorie or weight loss diet or low carbohydrate diet.

Archer Daniels Midland Company, a premier self-contained, full-line manufacturer of soy proteins, offers extensive line of soy proteins, including, concentrates, isolates, TVP textured vegetable protein (TVP), textured vegetable crumbles (TVC), soy flours, and soy grits designed to help maintain optimal health
Use of Plant-based Protein in Various Application to Offer Growth Opportunities in Global Market

Due to increasing demand for natural and organic products, there is a high opportunity for plant-based protein globally. Moreover, geographically, the Asia Pacific region for plant-based protein is anticipated to grow at a significant rate in terms of value. Hence, there is a substantial opportunity to increase the revenue of plant-based market share by penetrating with its various applications.

Rise in number of application increases the use of plant-based products, as it can be used for making supplement & nutritional powder, protein and nutritional powder, bakery and snacks, dairy product, animal feed and others applications.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Plant-based Protein Market by Product Type

Soy Protein
Wheat Protein
Pea Protein
Others

Plant-based Protein Market by Form

Isolate
Concentrate
Others

Plant-based Protein Market by Application

Supplements & Nutritional Powders
Beverages
Protein & Nutritional Powders
Bakery & Snacks
Breakfast Cereals
Meat Products
Dairy Products
Infant Nutrition
Animal Feed
Others

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=80587

Plant-based Protein Market by Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

𝐆𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:
Food Clamshells Market - https://www.prnewswire.com/news-releases/food-clamshells-market-size-worth--2-3-billion-by-2030---states-tmr-analysis-301634637.html
Seaweed Protein Market- https://www.transparencymarketresearch.com/seaweed-protein-market.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nikhil Sawlani
Transparency Market Research Inc.
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