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The global plant based protein market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Plant based protein is derived from pulses, tofu, soy, tempeh, seitan, nuts, seeds, grains, and peas. It is a rich source of nutrients, such as fiber, vitamins, and minerals. It is low in saturated fats and hormones, which help reduce cardiovascular ailments and prevent cancer, type 2 diabetes, osteoarthritis, osteoporosis, and Alzheimer’s disease. In addition, due to the presence of phytochemicals, plant based protein assists in reducing weight, promoting gut health, and preventing obesity. It also assists in keeping the genetic material and blood and nerve cells of the body healthy.
At present, the growing awareness among the masses about the nutritional value of plant based proteins represents one of the key factors driving the market. In addition, due to the increasing focus on living a sustainable life and minimizing reliance on animal proteins, there is a rise in the sales of plant based proteins across the globe. This, along with the growing number of flexitarian or vegan consumers, is positively influencing the market. Besides this, there is an increase in the adoption of plant-based food products and beverages among the masses on account of a broader range of product availability, enhanced product development, and innovation in the production process. This, coupled with the expanding food and beverage (F&B) industry, is propelling the growth of the market. Moreover, the rising need for clean label products and avoiding allergens is catalyzing the demand for plant based proteins worldwide. Apart from this, the increasing consumption of pea protein around the world due to its allergen-free, gluten-free, and lactose-free properties is contributing to the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global plant based protein market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, type, nature and application.
Breakup by Source:
Breakup by Type:
Breakup by Nature:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Wilmar International Limited.
|Base Year of the Analysis||2021|
|Segment Coverage||Source, Type, Nature, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Wilmar International Limited.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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