Plant-based Proteins Market to Reach $26.45 Billion by 2031-Exclusive Report by Meticulous Research®

According to a new market research report titled, 'Plant-based Proteins Market by Type (Soy Proteins, Wheat Proteins, Pea Proteins, Potato Proteins), Form (Solid, Liquid), Source Process (Conventional, Organic), and Application (Food and Beverage, Animal Feed, Nutritional Supplements)-Global Forecast to 2031', the plant-based proteins market is projected to reach $26.45 billion by 2031, at a CAGR of 8.4% during the forecast period 2024-2031.

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The report highlights a growing consumer interest in boosting protein intake, driven by health-conscious trends and an emphasis on specific types of protein sources. As the world population grows and health awareness rises, the demand for protein as a crucial nutritional component is escalating sharply. This surge is fueled by factors such as the desire for clean labels, ease of digestion, allergen avoidance, compatibility with vegetarian/vegan diets, and sustainability concerns.

The high protein trend is gaining significant traction, with consumers becoming more aware of protein benefits in supporting an active lifestyle. This shift in consumer preferences is expanding the definition of good protein sources to include a diverse range of plant-based ingredients. Consequently, food manufacturers and service providers are intensifying their focus on plant protein ingredients, driving growth in the global plant-based protein market.

Key players operating in this market include Archer-Daniels-Midland Company, Cargill, Roquette Frères, Ingredion Incorporated, Kerry Group plc, International Flavors & Fragrances, Now Health Group, Tate & Lyle Plc, Axiom Foods Inc., AMCO Protein, and others, who have witnessed significant product launches, expansions, and partnerships in recent years.

TOP 10 COMPANIES IN PLANT BASED PROTEIN MARKET >> https://meticulousblog.org/top-10-companies-in-plant-based-protein-market/

The market is segmented by type, form, source process, application, and geography. The soy proteins segment is expected to hold the largest share in 2024, with the pea proteins segment projected to grow the fastest due to its nutritional qualities and allergen-free properties.

In terms of geography, North America is currently leading the market, but the Asia-Pacific region is expected to register the highest CAGR during the forecast period, driven by increasing protein-rich diet awareness, a booming food & beverage industry, and a large vegan population.

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Related Reports:

Asia-Pacific Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein), Crop Type (Non-GMO, GMO), Source Process (Conventional, Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Forecast to 2030 >> https://www.meticulousresearch.com/download-sample-report/cp_id=5666

North America Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein), Crop Type (Non-GMO, GMO), Source Process (Conventional, Organic), and Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Forecast to 2030 >> https://www.meticulousresearch.com/product/north-america-plant-based-protein-market-5637

Europe Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein), Crop Type (Non-GMO, GMO), Source Process (Conventional, Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Forecast to 2030 >> https://www.meticulousresearch.com/product/europe-plant-based-protein-market-5608

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This release was published on openPR.