Plant-based protein refers to protein sources that come from plants, such as legumes, nuts, seeds, and grains. Unlike animal protein sources, plant-based protein sources are typically low in saturated fat and cholesterol and high in fiber, vitamins, and minerals. Plant-based protein sources include tofu, tempeh, lentils, chickpeas, almonds, quinoa, and chia seeds.
The global plant-based protein market is expected to exhibit a growth rate (CAGR) of 7.4% during 2023-2028.
These protein sources can be incorporated into a variety of dishes and meal plans to ensure adequate protein intake for individuals following a vegetarian or vegan diet or those considering reducing their intake of animal products. Additionally, plant-based protein sources have been associated with various health benefits, including a lower risk of chronic diseases, such as heart disease, diabetes, and certain types of cancer.
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Plant Based Protein Market Trends:
The increasing inclination toward health and wellness represents a key factor driving the market growth as plant-based proteins are perceived to be healthier than animal-based products. In line with this, plant-based protein sources are low in saturated fat, cholesterol, and calories, and higher in fiber, vitamins, and minerals, which is also facilitating their demand. Apart from this, rising environmental consciousness, coupled with increasing animal welfare concerns are contributing to the market growth. In addition to this, the advancements in technology have enabled the development of better plant-based protein products that imitate the taste and texture of animal-based products, thus making them more appealing to consumers. This, in turn, is acting as another major growth-inducing factor.
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Plant Based Protein Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the plant-based protein market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AGT Food and Ingredients
- Archer-Daniels-Midland Company
- Axiom Foods Inc.
- Cargill Incorporated
- Dupont De Nemours Inc.
- Glanbia plc
- Ingredion Incorporated
- Kerry Group plc
- Koninklijke DSM N.V.
- Roquette Frères
- Tate & Lyle PLC
- The Scoular Company
- Wilmar International Limited.
Key Market Segmentation:
The report has categorized the market based on source, type, nature, application and regiion.
Breakup by Source:
- Soy
- Wheat
- Pea
- Others
Breakup by Type:
- Concentrates
- Isolates
- Textured
Breakup by Nature:
- Conventional
- Organic
Breakup by Application:
- Food
- Meat Alternatives
- Dairy Alternatives
- Bakery Products
- Performance Nutrition
- Convenience Foods
- Others
- Feed
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Plant Based Protein Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Soy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wheat
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Pea
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Concentrates
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Isolates
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Textured
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Nature
8.1 Conventional
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Organic
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Food
9.1.1 Market Trends
9.1.2 Key Segments
9.1.2.1 Meat Alternatives
9.1.2.2 Dairy Alternatives
9.1.2.3 Bakery Products
9.1.2.4 Performance Nutrition
9.1.2.5 Convenience Foods
9.1.2.6 Others
9.1.3 Market Forecast
9.2 Feed
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AGT Food and Ingredients
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Archer-Daniels-Midland Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Axiom Foods Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Cargill Incorporated
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Dupont De Nemours Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Glanbia plc
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Ingredion Incorporated
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Kerry Group plc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Koninklijke DSM N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Roquette Frères
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 SWOT Analysis
15.3.11 Tate & Lyle PLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 The Scoular Company
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
15.3.13 Wilmar International Limited
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
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