Plant Proteins Market Growth: Rising Demand, Key Trends & Future Outlook 2024-2031 | Top key players - Axiom's Foods, Amco Proteins, Cargill Incorporated.

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.

Plant Proteins Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it 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 Proteins Market focuses on protein-rich, plant-based alternatives derived from sources like soy, pea, wheat, and rice for use in food, beverages, dietary supplements, and animal feed. Growth is driven by rising veganism, increasing health consciousness, and demand for sustainable protein sources. Innovations in protein extraction, texturization, and functional plant-based ingredients are further shaping the market.

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.

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Industry Development:

On January 9, 2023, Nestlé, under its Mahler brand, introduced a soy-based plant egg powder, allowing consumers to prepare affordable and nutritious egg dishes like omelets while embracing plant-based alternatives.

On February 12, 2022, Benson Hill, Inc., a US-based food tech company, launched the TruvailTM soy protein ingredient portfolio. The initial TruvailTM product line includes high-protein soy flour, a less-processed soy protein concentrate (SPC), and texturized proteins. These ingredients cater to both traditional soy protein applications and the rapidly expanding plant-based protein market, offering sustainable and functional alternatives for food manufacturers.

Growth Forecast 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.

Research Process:

Both primary and secondary data sources have been used in the global Plant Proteins Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Plant Proteins Market:

By Source: Pea Protein, Soy Protein, Wheat Protein, Other vegetable Protein, Nuts and seeds.

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

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

Regional Analysis for Plant Proteins Market:

The regional analysis of the Plant Proteins Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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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People Also Ask:

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

➠ Who are the leading manufacturers in the global Plant Proteins industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Plant Proteins industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Plant Proteins market?

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

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