Plant Proteins Market Growing Rapidly Growth Lucrative Growth By Reaching US$ 34 Billion by 2031 | Archer Daniels Midland Company, Axiom's Foods, Amco Proteins

The Global Plant Protein Market reached US$ 17 billion in 2022 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.

The Plant Proteins market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The plant protein industry is booming as consumers seek sustainable, nutritious, and allergen-friendly alternatives to animal-based proteins. With innovations in pea, soy, rice, and almond proteins, companies are enhancing food and beverage formulations for better taste and texture

Forecast Growth Projected:

The Global Plant Proteins Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Plant Proteins Market:

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:

In March 2023, Burcon NutraScience Corporation expanded its portfolio by introducing a new line of plant-based protein ingredients. The company focuses on developing sustainable, high-purity proteins derived from peas, canola, and other plant sources to meet the growing demand for alternative protein solutions.

In July 2022, Roquette, a leading plant-based ingredients provider, inaugurated the world's largest pea protein facility in Canada. This facility strengthens Roquette's ability to supply high-quality plant proteins for use in dairy alternatives, meat substitutes, and nutritional products.

In September 2023, Ingredion Incorporated launched Vitessence Pulse 1803, a fava bean-based protein concentrate designed for plant-based meat and dairy alternatives. This product enhances texture, protein content, and clean-label formulation, catering to the increasing consumer preference for sustainable nutrition.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Plant Proteins Market:

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)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Plant Proteins Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Plant Proteins market?

➠ Who are the global key manufacturers of the Plant Proteins Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Plant Proteins market opportunities and threats faced by the vendors in the global Plant Proteins Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Plant Proteins market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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