5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
Global Plant Protein Market report is segmented by Product Type (Algae, Hemp, Soy, Wheat, Pea, Potato, Oat, Chickpea, Rice and, Lupin); by Application (Food and Beverage, Animal Feed, Supplements, and others); and by Geography.
Fastest Growing Market:
Global plant protein market is projected to grow at a CAGR of 7.31% during the forecast period (2020 - 2025).
The market studied is segmented by product type, application, and geography. Based on product type, the market studied has been segmented into algae, hemp, soy, wheat, pea, potato, oat, chickpea, rice, and lupin. Moreover, based on the application, the market studied is segmented into food and beverage, animal feed, supplements, and other applications.
Also, the study provides an analysis of the market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
|By Product Type|
|Food and Beverage|
Report scope can be customized per your requirements. Click here.
The National Institute of Allergy and Infectious Diseases reveal that more than majority of the food allergy is caused by eggs, milk, fish, and red meat. Due to animal protein allergies, most of the meat consumers are inclined toward meat substitutes made of vegan protein, which ultimately drives the plant protein market. According to the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Pea protein, recognized as a complete protein can be incorporated into several egg-based products, like pasta, vermicelli, cakes, and cookies. According to the United States Center for Disease Control and Prevention, 12.2 million people are suffering from a food allergy, of which two-thirds is associated with egg allergy.
To understand key trends, Download Sample Report
According to Mordor Intelligence analysis, the share of North American plant protein market was 38% in 2019. 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 have paved the way for the plant-based protein market, in the region. Nowadays, consumers around the world are switching to other alternative products, such as green label food products, coupled with raising awareness of healthy and plant-based products thus, driving the market forward.
To understand geography trends, Download Sample Report.
Archer Daniels Midland Company, DuPont de Nemours Inc., and Kerry Group dominate the market studied. In order to increase their market share, companies are focusing on new innovative products, For instance, in December 2019, DuPont Nutrition & Biosciences built a new plant-based solution, Danisco Planit. It comprises a comprehensive portfolio of plant proteins, cultures, probiotics, enzymes, and stabilizing solutions that deliver all-round nutritional and functional benefits.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces 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 By Product Type
5.2 By Application
5.2.1 Food and Beverage
5.2.2 Animal Feed
5.2.4 Other Applications
5.3 By Geography
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Saudi Arabia
126.96.36.199 Rest of Middle East & Africa
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 DuPont de Nemours Inc.
6.4.3 Kerry Group
6.4.4 The Scoular Company
6.4.5 Cooke Inc. (Omega Protein Corporation)
6.4.6 Roquette Freres
6.4.7 Royal Avebe UA
6.4.9 Cargill Incorporated
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability