Plant-Based Ingredient Market: Global Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Landscape & Forecast, 2022 - 2028| IMR

Market Overview

The Plant-Based Ingredient Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Ingredients are specific types of combinations that are added to foods and beverages. There are various company products that use secret ingredients, for instance, PepsiCo uses a secret ingredient to increase the circulating air in its beverages. There are substances that can be utilised in pharmaceuticals and cosmetics. Plant-based foods and beverages are the current trend in the area. It is made up of components derived from plants and plant parts such as petals, stems, roots, and buds. These plants and plant parts are included in food and drink as the essential ingredient for various medicinal benefits.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Overview

Driver
The rise in consumption of nutritive convenience and fortified foods is anticipated to be a major driver driving the growth of the market for plant-based functional food ingredients over the forecast period. In addition, the rise in health consciousness among consumers, resulting in an increase in the consumption of healthier diets, is predicted to propel the expansion of the plant-based functional food ingredients market. In addition, rising research and development expenditures, as well as the expansion of manufacturing capacity to increase application and accelerate growth, are expected to encourage the growth of the market for plant-based functional food components.

Opportunity
The increasing development of new methodologies to manufacture high-value natural carotenoids will present further growth opportunities for the market for plant-based functional food components in the future years. In the near future, however, the complexities surrounding the incorporation and adulteration of functional food items may impede the growth in the market for plant-based functional food ingredients.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation

Segmentation for the Plant-Based Ingredients Market:
Based on the Source, the soy-based ingredients market size may witness higher gains during the forecast period. These are used as primary ingredients in the food industry and form a prominent part of the global food chain.

By Type
• Emulsifiers
• Binding Agents & Stabilizers
• Preservatives
• Others

By Source
• Pulses
• Cereals
• Nuts
• Others

By Application
• Food and Beverages
• Animal Feed
• Bakery & Confectionery
• Others

Regional Analysis for the Plant-Based Ingredients Market:
North America region, driven by the Canada, Mexico, and the U.S. market size. Due to the rising awareness for diseases and healthy lifestyle. Increasing awareness for health which has raised the demand for health clubs and fitness centers is probably to enhance sports nutrition demand in the region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Plant-Based Ingredient Market are:
• Cargill (US)
• Impossible Foods (US)
• Beyond Meat (US)
• Eat Just (US)
• Greenleaf Foods (US)
• Good Dot (India)
• Vezlay Food Pvt Ltd (India)
• Vegeta Gold (India)
• Urban Platter (India)
• Axiom Foods (US)
• Archer Daniels Midland Company (US)

Key Industry Development in Plant-Based Ingredients Market
In September 2021, impossible food announced the launch of plant-based pork in Hong Kong which outperformed the ground pork from pigs. In a blind test, 54% of people preferred plant-based pork.
In March 2021, Axiom foods have announced a new distribution agreement with Brenntag food & nutrition for its line of plant-based proteins in Argentina, Bolivia, Chile, and Peru. Axiom plant-based proteins are great alternatives to dairy protein-containing great amounts of amino acid, cholesterol-free, low in sodium, and allergen-free.

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