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North America Plant Protein Market is segmented By Type (Wheat Protein, Soy Protein, Pea Protein, and Other Types); By Form (Protein Isolates, Protein Concentrates, and Textured Proteins); By Application (Bakery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Snacks, and Other Applications); and By Geography.
North America plant protein market is anticipated to register a CAGR of 7.11%, during the forecast period (2020-2025).
North America Plant Protein Market by type, form, application, and geography. On the basis of type, the market is segmented into wheat protein, soy protein, pea protein, and others. On the basis of form, the market is segmented into protein isolate, protein concentrate, textured protein. On the basis of application, the market is segmented into bakery, meat extender and substitute, nutritional supplement, beverage, snacks, and others. Also, the study provides an analysis of the plant protein ingredients in the emerging and established markets across the region, including United States, Canada, Mexico, and rest of North America.
|Meat Extenders & Substitutes|
|Rest of North America|
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The Soy Protein segment of the North American Plant Protein Market is propelled by demand for sports and nutrition products by athletes, body builders, and recuperating patients. Additionally weight management category is also growing where protein is the main constituent ingredient. A huge lactose intolerant population that drives demand for alternate dairy substitutes, such as soy protein characterizes North America. Further, there is a substantial untapped potential for the GMO-free and clean-label based soy protein ingredients. Manufacturers are seeking eco-friendly ways of cultivating and/or sourcing soybeans in order to process into high quality and safe soy proteins.
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The demand for plant proteins is growing at a fast rate, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of plant-protein enriched products. The United States continues to capture the largest market share for plant protein, followed by Canada and Mexico. The demand for processed and low cholesterol foods has paved the way for the plant-based protein market, in the region. Nowadays, consumers are switching to other alternative products, such as green label food products, coupled with raising awareness of healthy and plant-based products, due to an increase in the availability of counterfeit products in the market.
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Companies such as Roquette and Manitoba are working in every possible way to reach out to the customers with broad product portfolio and distribution channel. Some of the major players in the north america plant protein market are Archer Daniels Midland, Cargill, Inc., DuPont, Kerry Group, Omega Protein Corporation, among others.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Wheat Protein
5.1.2 Soy Protein
5.1.3 Pea Protein
5.1.4 Other Types
5.2.1 Protein Isolates
5.2.2 Protein Concentrates
5.2.3 Textured Proteins
5.3.2 Meat Extenders & Substitutes
5.3.3 Nutritional Supplements
5.3.6 Other Applications
5.4.1 United States
5.4.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Cargill, Inc.
6.4.3 DuPont, Inc.
6.4.4 Kerry Group
6.4.5 Scoular Company
6.4.6 Omega Protein Corporation
6.4.7 Roquette Foods
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability