Plant Proteins Market on Track for Strong Growth by 2031 | Archer Daniels Midland Company, Axiom's Foods, Amco Proteins.

Plant Proteins Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Plant Proteins market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Plant Proteins market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Plant Protein Market reached US$ 17 billion in 2023 and is projected to witness lucrative growth by reaching up to US$ 34 billion by 2031. The market is growing at a CAGR of 9.3% during the forecast period 2024-2031.

What is Plant Proteins Market?

The plant proteins market encompasses the production and distribution of proteins derived from various plant sources, including legumes, grains, seeds, and nuts. These proteins are gaining popularity as a key ingredient in food and beverages, dietary supplements, and meat alternatives due to their nutritional benefits and the rising trend of plant-based diets. The market is driven by increasing health consciousness among consumers, a growing preference for sustainable food sources, and the need to reduce meat consumption for environmental reasons.

Growth Driver

The Growing Interest in Aquatic Plants as Innovative Protein Sources

As consumer health awareness continues to rise, there has been a notable shift towards personalized nutrition, leading individuals to pay closer attention to their food choices and their impacts on overall health. In this context, aquatic plants are emerging as exciting new sources of protein.

One notable example is California-based Plantible Foods, which recently invested $4.6 million into developing a unique plant protein derived from lemna, commonly known as duckweed. Recognized for being one of the most nutrient-dense and sustainable plants available, lemna presents a promising alternative to traditional protein sources. This investment underscores the growing interest in harnessing aquatic plants to meet the increasing demand for healthy, sustainable protein options that cater to the evolving preferences of consumers.

Key Players:

Profiles of some of the major players in the global Plant Proteins market, which include Archer Daniels Midland Company, Axiom's Foods, Amco Proteins, Cargill Incorporated, E. I Du Pont de company, Glanbia Nutritionals, Growing Naturals, LLC, Kerry Group, Manitoba harvest hemp foods, Omega Protein Corporation, Roquette Foods, Scoular Companys Food Ingredient, Sodrugestvo Groups, and Sunwarrior.

Industry Development:

On January 9, 2023, Nestlé, through its Mahler brand, introduced a soy-based plant egg powder designed for consumers to incorporate into egg dishes like omelets. This product aims to provide a cost-effective yet nutritious alternative for creating various egg-based meals.

On February 12, 2022, Benson Hill, Inc., a U.S.-based food tech company, launched the Truvail soy protein ingredient portfolio. The initial offerings under the TruVail brand include high-protein soy flour, a less-processed version of soy protein concentrate (SPC), and texturized proteins. These ingredients are intended for use in traditional soy protein applications and the rapidly growing market for alternative plant-based proteins.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Plant Proteins market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Protein Concentrate, Protein Isolate, Textured Protein.

By Source: Pea Protein, Soy Protein, Wheat Protein, Other vegetable Protein.

By Application: Animal Feed, Food Ingredients (Bakery and confectionery, Beverages, Energy and sports drink, Meat Analogues, Ready to eat), Pharmaceuticals.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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