Plant Proteins Market Set to Soar: Surge in Sustainable Nutrition Drives Global Growth Through 2031 | Leading 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.

The Plant Proteins Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.

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The Plant Proteins Market refers to the global industry focused on producing, distributing, and marketing protein-rich products derived from plant sources such as soy, pea, rice, and hemp. These proteins are used in food, beverages, supplements, and animal feed, driven by rising demand for sustainable, vegan, and health-conscious alternatives to animal-based proteins.

Prominent Industry players in the Plant Proteins Market

The prominent players in Plant Proteins market research report are: 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.The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Industry News:

On January 9, 2023, Nestlé, through its Mahler brand, introduced a soy-based plant egg powder, offering consumers a nutritious and affordable alternative to traditional eggs. This product is designed for use in dishes like omelets, supporting flexible and sustainable meal preparation.

On February 12, 2022, Benson Hill, Inc., a U.S.-based food tech company, launched the TruVail soy protein ingredient portfolio. The line includes high-protein soy flour, a less-processed soy protein concentrate (SPC), and texturized soy proteins, catering to both traditional soy-based foods and the growing plant-based protein market.

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Market Segments

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.

The Plant Proteins industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.

Regions Covered:

The global Plant Proteins Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ 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

FAQs:

✒ What is driving the growth of the Plant Proteins Market?
✒ Who are the prominent players in the Plant Proteins Market?
✒ How is the regulatory landscape affecting the Plant Proteins Market?
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✒ What are the key challenges faced by the Plant Proteins Market?

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