Global Plant-Based Protein Market Forecasted to Reach USD 21,735.1 Million by 2030 | Cargill, DuPont

The latest report by Congruence Market Insights, titled 'Global Plant-Based Protein Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 - 2030,' provides a thorough analysis of the global plant-based protein market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as changing consumer preferences towards plant-based diets and increasing awareness regarding the health and environmental benefits of plant-based proteins. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving plant-based protein industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global plant-based protein market is anticipated to reach a value of USD 21,735.1 Million by 2030, expanding at a CAGR of 7.3% between 2023 and 2030. The market is primarily driven by the rising consumer demand for plant-based alternatives to animal proteins due to health and environmental concerns. Additionally, increasing awareness regarding the benefits of plant-based diets, such as lower risk of chronic diseases and reduced environmental impact, further propels market growth. However, challenges such as taste and texture preferences, as well as supply chain complexities, may hinder market expansion. Nevertheless, opportunities abound for market players to innovate and develop novel plant-based protein products to cater to evolving consumer preferences and dietary trends.

How does AI impact the global plant-based protein market?

AI impacts the global plant-based protein market by enhancing product development, optimizing supply chain management, and personalizing consumer experiences. AI-driven technologies enable companies to analyze consumer preferences and market trends, facilitating the development of tailored plant-based protein products that resonate with target audiences. Advanced analytics and machine learning algorithms optimize production processes, improving efficiency and reducing costs. AI-powered supply chain management systems enhance transparency and traceability, ensuring quality and compliance throughout the supply chain. Moreover, AI-enabled marketing strategies enable personalized recommendations and targeted advertising, enhancing consumer engagement and loyalty. While AI integration presents challenges such as data privacy and algorithm bias, its overall impact on the plant-based protein market is transformative, driving innovation and growth in the industry.

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Scope of the Report:

► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles

Plant-Based Protein Market Size and Forecast:

The report will comprehensively detail the plant-based protein market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from plant-based protein sales, and provide insights into product segmentation and distribution channels. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

The global plant-based protein market sees North America holding the largest market share, driven by increasing consumer awareness regarding the health and environmental benefits of plant-based diets, coupled with the growing availability of plant-based protein products across various retail channels. Moreover, initiatives by government agencies and healthcare organizations to promote plant-based nutrition further contribute to market dominance. In the future, significant opportunities are anticipated in Asia-Pacific, fueled by rising disposable incomes, urbanization, and changing dietary patterns towards healthier and sustainable alternatives. Europe also presents promising opportunities, with a growing trend towards flexitarian and vegetarian diets and increasing investments in plant-based food technologies.

Competition Landscape

The global plant-based protein market is characterized by intense competition among key players and emerging startups, focusing on product innovation, expansion into new markets, and strategic partnerships to gain a competitive edge. Key competitors in the market offer a diverse range of plant-based protein products catering to various dietary preferences and applications. The competition landscape is dynamic, with companies investing in research and development to enhance the nutritional profile, taste, and texture of plant-based protein products. Moreover, collaborations with food manufacturers and retailers to develop plant-based alternatives to conventional meat and dairy products contribute to market growth and innovation.

>> Archer Daniels Midland Company
>> Fuji Oil Holdings Inc.
>> Glanbia plc.
>> DuPont de Nemours, Inc.
>> Cargill, Incorporated
>> Gushen Group Co., Ltd.
>> Ingredion Inc.
>> Roquette Frères.
>> The Scoular Company.
>> Bunge Limited
>> Emsland Group GmbH
>> Sunopta Incorporated
>> CHS Inc.
>> Wilmar International Ltd.
>> Biopress S.A.S

Comprehensive Market Segmentation:

∆ By Product Type (Isolates, Concentrates, Textured, and Flour)
∆ By Source (Soy, Wheat, Pea, Rice, Canola, and Others)
∆ By Nature (Organic, and Conventional)
∆ By Form (Dry, and Liquid)
∆ By Application (Food and Beverages, Bakery, Nutritional Supplements, Snacks, Animal Feed, and Others)

Market Segmentation by Geography including:

∆ North America: U.S., Canada and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Plant-Based Protein Market?
► Who are the prominent players in the Global Plant-Based Protein Market?
► What is the consumer perspective in the Global Plant-Based Protein Market?
► What are the key demand-side and supply-side trends in the Global Plant-Based Protein Market?
► What are the largest and the fastest growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Plant-Based Protein Market?

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Senior Sales Manager
Congruence Market Insights
Palo Alto, CA 94301, United States
Phone: +1 650-646-2623
Email: sales@congruencemarketinsights.com

About Us:

Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as aerospace and defense, agriculture, building and construction, food and beverages, automotive, chemicals and materials, healthcare and pharmaceuticals covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.

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