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Monday, February 14, 2022

Global Plant Protein Market To Be Driven By Rising Cases Of Cancer And Heart-Related Diseases In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Plant Protein Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global plant protein market, assessing the market based on its segments like source, significant applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 7.5%

Soy protein holds a major share of the market by type and is expected to rise significantly during the projected period. Breast cancer, heart disease, and osteoporosis are all on the rise among the working class. Soy protein helps to promote heart health and boosts vitality.

Over the forecast period, increased cases of obesity or weight gain, owing to the rise of the work-from-home culture, are expected to boost segment growth, as soy protein aids weight loss and hormone balance. Meanwhile, due to the inclusion of key vitamins and minerals that help the blood transport oxygen and perform other vital tasks, rice protein consumption is expected to expand significantly throughout the projection period.

Industry Definition and Major Segments

Plant protein is a type of protein obtained from plants as a food source. Pulses, tofu, soy, tempeh, seitan, nuts, seeds, and certain grains are examples of plant proteins that are proven to aid muscle growth and weight loss.

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Based on source, the market is divided into:

• Algae
• Soy
• Wheat
• Pea
• Potato
• Oat
• Chickpea
• Rice
• Others

The significant applications of the product include:

• Food and Beverage
• Animal Feed
• Supplements
• Others

The regional markets for the product include:

• North America
• Europe
• the Asia Pacific
• Latin America
• the Middle East and Africa

Market Trends

Increased demand for plant protein in the food and beverage industry, owing to people’s growing interest in health and fitness, is driving the worldwide plant protein industry. The continued desire to consume more plant protein while reducing animal protein consumption is assisting industry growth. According to the Food & Health Survey 2020 conducted by the International Food Information Council (IFIC), approximately 6% of Americans reported eating a plant-based diet, up from 5% in 2019. Plant-based eating, on the other hand, ranked higher than vegetarian (4%) and vegan (4%) diets (1 per cent). Muscle growth is aided by plant protein, which also aids in weight loss and lowers the risk of heart disease. Growing public awareness of the environmental impact of meat-sourcing practices, as well as an increase in the occurrence of animal-borne diseases such as swine flu, avian flu, and others, are expected to drive market growth over the forecast period. Furthermore, due to the inclusion of vitamins and minerals, which are vital for maintaining a healthy body, the market is likely to gain from the different nutritional benefits supplied by plant protein.

Key Market Players

The major players in the market are Archer Daniels Midland Company, DuPont de Nemours Inc., Kerry Group, Tate & Lyle Plc, Roquette Freres and Cargill Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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