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Plant-based Proteins Market to Exhibit Significant Incremental Dollar Opportunity During the Forecast Period 2023-2033
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At the end of 2021, the Global Plant-based Proteins Market was valued at US$ 12.3 billion, growing at a CAGR of 4.9% from 2017 to 2021. Since they include all the necessary essential amino acids, proteins are the most significant nutrient for humans. Plant and vegetable sources like soy, wheat, and peas, which are high in protein, are the source of plant-based proteins.
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Companies
A&B Ingredients
Archer Daniels Midland Company
AGT Food & Ingredients
Axiom Foods Inc.
Burcon
Cargill Incorporated
CHS Inc.
Cosucra
DuPont
Fuji Oil Holdings Inc.
Glanbia plc
Gushen Biotechnology Group Co. Ltd.
Ingredion
Kansas Protein Foods LLC
Kerry
Roquette Freres
Tate & Lyle
Titan Biotech Ltd.
The Scoular Company
Wilmar International Ltd.
Country-wise Insights
What is the Germany Plant-based Proteins Market Outlook?
In Europe, Germany is expected to provide great growth opportunities and progress a CAGR of 7.2%, rising from its current market valuation of US$ 484.2 Mn in 2022.
The vegan population in the country is rapidly increasing. Hence, the consumption of plant-based proteins is expected to rise in the country over the coming years.
Why Does North America Hold the Largest Market Share in the Plant-based Proteins Space?
North America is the largest consumer of plant-based ingredients as the vegan population is the largest in the region.
Demand for plant-based products in the region is projected to increase rapidly as a result of this.
The North American plant-based proteins market is currently valued at US$ 4.87 Bn and is predicted to surge to US$ 7.52 Bn by 2032.
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Plant-based Proteins Industry Research by Category
Plant-based Proteins Market by Type:
Soy Protein
Wheat Protein
Pea Protein
Others
Pulse Protein
Rice Protein
Potato protein
Flax Protein
Canola Protein
Plant-based Proteins Market by Form:
Isolates
Concentrates
Hydrolysates
Plant-based Proteins Market by Nature:
Organic Plant-based Proteins
Conventional Plant-based Proteins
Plant-based Proteins Market by Application:
Nutritional Products
Sports Nutrition
Medical nutrition
Infant Nutrition
Bakery
Snacks & Cereals
Dairy Alternatives
Confectionery & Desserts
Convenience Food
Beverages
Animal Feed
Others
Plant-based Proteins Market by Region:
North America Plant-based Proteins Market
Latin America Plant-based Proteins Market
Europe Plant-based Proteins Market
South Asia Plant-based Proteins Market
East Asia Plant-based Proteins Market
Oceania Plant-based Proteins Market
Middle East & Africa Plant-based Proteins Market
FAQ'S:
How much is the global plant-based proteins market valued at?
What are the main factors driving demand for plant-based proteins?
How is the plant-based proteins market faring in Japan and China?
Which countries are leading market growth in Europe?
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Related Sources:
Krill oil market : https://www.prnewswire.com/news-releases/krill-oil-market-is-projected-to-surge-ahead-at-a-cagr-of-8-4-to-reach-us-316-mn-by-2031--301474675.html
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Soy milk market : https://www.prnewswire.com/news-releases/soy-milk-market-reaching-a-valuation-of-around-us-11-8-bn-by-2031--301501685.html
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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