This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Plant Protein Ingredient Market

Plant Protein Ingredient Market

Plant Protein Ingredient Market Size, Trend Analysis & Competition Tracking By Product Type (Soy Protein, Wheat Protein, Pea Protein, Rice Protein, Potato Protein), By Form (Isolate, Concentrate), By Application (Sports and Clinical Nutrition, Infant Nutrition, Fortified Food & Beverages) - Global Market Insights 2021 to 2031

Plant Protein Ingredient Market
FACT4507MR
  • Feb-2020
  • List of Tables : 126
  • List of Figures : 96
  • 170 Pages
  • Food & Beverage

Weight Management to be Key Driver for Plant Protein Ingredients, With Asia Pacific as Lucrative Pocket

Protein fortification is gaining traction among consumers. Protein is soaring on popularity as it is a sought after addition to food and beverages notably for the weight management and sports nutrition segments of the market.

Attributed to the above mentioned factors, plant protein Ingredients have witnessed an impressive growth in the last few years especially in regions such as East Asia, South Asia and Latin America.

Protein fortification and standardization is propelling the plant protein ingredient market on an upward growth trajectory as plant protein’s nutritional profile is attractive to consumers and is anticipated to create an absolute dollar opportunity US$ 3.0 Bn during forecast period.

The influx of veganism has upheld demand for plant protein ingredients. Proliferation of vegan population across key countries such as Brazil, United Kingdom, Germany, and India etc has surged the demand of plant protein ingredients over dairy based protein ingredients.

Rise in Number of Sports Athletes Upholding Demand for Plant Protein Ingredients

Sports athletes participating in vigorous aerobic and anaerobic activity require greater amounts of protein which has prompted the adoption of protein in their daily diet. Proliferation of athletes favoring plant proteins as a substitute for meat products is on the rise thus giving immense traction to the plant protein ingredient market.

A massive upswing has been noticed in the number of athletic and sports events which is leading to high demand growth of plant protein ingredients. The rising consumption of plant protein ingredients by the sport segment is projected to boost sales by more than US$ 1.0 Bn by end of forecast period.

Advanced Technologies for Obviating Lactose Intolerance to Propel Demand

With heightened demand for infant nutrition formulas, manufacturers of plant protein ingredients across the globe are introducing notable developments in the quality of infant formulas.

Market players are channelizing efforts in research and using advanced technologies to develop nutritional formulas for infants that are rich in protein.

The growing dilemma of lactose intolerance in infants in the last few years has increased traction of plant protein ingredients.

Increasing Demand of Soy and Pea Protein Ingredients

Pea protein has gathered significant momentum in the market on back of its high fiber properties. Pea protein has a higher nutritional value as compared to other plant based protein ingredients.

Overall pea protein consumption rate is expected to double by the end of 2029. A surge in iron deficiency notably in countries such as the US has given an uptick to consumption of pea Protein.

Soy protein ingredients on the other had has garnered significant attention amongst gymnasts. The proliferation of fitness centers across the globe has given further impetus to this trend which is not likely to abate in the foreseeable future.

Avail customized purchase options for your needs

Consumption to Spike in Emerging Countries, with Increased Spending on Health and Wellness

While there has been a consistent demand of plant protein ingredients in developed countries, emerging economies consumption has witnessed a spike with increased spending on health and wellness in consumer driven markets such as China, India, and Brazil etc.

The consumption of East Asia, South Asia and Latin America region is poised to grow at a higher CAGR than that of the global average and is projected to create ample opportunities for emerging companies in plant protein ingredients.

plant protein ingredient market 01

Enhancement of Production Capacity to be Key Market Tenet

The major companies in the plant protein ingredient market such as A & B ingredients, Axiom Foods Inc., Cargill, Inc. etc are front runners in the plant protein ingredient market.

These players are focusing on increasing their production capacities to meet the growing supply of plant protein ingredients in the market. For instance, In January, 2019 Ingredion, Inc. has announced its investment of US$ 185 Mn for expansion of plant protein ingredient plant based in Vanscoy, Saskatchewan and Canada in order to increase the company’s production capacity which is likely to capture the market in the coming years.

plant protein ingredient market 02

An Adaptive Approach to Modern-day Research Needs

Plant Protein Ingredient Market: Segmentation

FactMR’s study has done the segmentation of plant protein ingredient market on the basis of product type, form, application and region.

Product Type

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Rice Protein
  • Potato Protein
  • Others

Form

  • Isolate
  • Concentrate
  • Other Forms

Application

  • Sports Nutrition
  • Clinical Nutrition
  • Infant Nutrition
  • Bakery & Confectionary
  • Fortified Food & Beverages
  • Other Applications

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Flaxseed Based Egg Market

The Flaxseed Based Egg Market is set to observe healthy growth by 2030. The rise in the Vegan Popula...

Brining Systems Market

Brining Systems Market is expected to witness steady growth by 2028. The rising demand for cheese is...

Frozen Seafood Market

Frozen Seafood Market is expected to reach a valuation of US$ 43.3 billion by 2031. Processed frozen...

Lipase Enzymes Market

Lipase Enzymes Market research report covers detailed information on Global Lipase Enzymes Market Si...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.