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I AgreeAnalysis of Fermented Plant Protein Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to latest research by FACT.MR, fermented plant protein market is set to witness steady growth during 2021-2031. In the alternative protein world, the plant-based and cultivated meat sectors are well-known, but a third group is now emerging which is fermentation which is highly in demand for its enriched protein and nutrition content.
Food scientists and manufacturers are investing heavily in developing new ways to use fermentation technology to produce novel sustainable proteins and to advance the production of fermented plant-based protein products. The demand for fermented plant proteins is rising.
Fermented plant proteins have additional advantages, such as the inclusion of probiotics in the food, which makes it easier to absorb, the ability to be rendered gluten-free and vegan, which makes it anti-allergenic.
In recent years there has been an increase in the number of vegans and vegetation’s preferring plant-based proteins specifically in developed regions such as North America and Europe.
This group of people is lactose intolerant or rather mindful of their food consumption. As a result, the market for fermented plant protein products is driven by an increase in the number of vegans and vegetarians, as well as an increase in the number of health-conscious consumers.
People are becoming more aware of the benefits of healthy foods and plant-based products, fermented plant protein is becoming more common. Furthermore, the older generation and those over the age of millennials stress the importance of consuming fermented products.
With the rise of health consciousness, consumers are looking for healthy nutritional food, fermented plant protein being one of them as beneficial bacteria found in fermented plant protein aid in the balance of the digestive tract it also balances stomach acid.
As a result, fermented plant proteins are a fantastic consumer commodity. The global protein industry is now worth billions of dollars. Moreover, manufacturers are rapidly expanding into the market by introducing a new segment of fermented plant protein.
Fermented plant proteins may also be used as additives by the food and beverage industries to improve the nutritional value of their products. The food and beverage industry is massive, and there is expected to be a global demand for fermented plant proteins.
Vegans and vegetarians, who make up a wide market segment in the US and Canada, are the primary consumers of fermented proteins. Demand for products with long shelf causing a reduction of packaging and wastage of the products acts as a catalyst in the fermented plant protein market.
Furthermore, the demand for fermented Plant Protein is growing as people in the area become more conscious of their protein consumption. Additionally, producers in these regions use advanced fermentation technology, which aids in the production of fermented plant protein.
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European market is projected to be a huge opportunity for fermented plant protein, which is unsurprising given that the vegan population increasing in the region.
Also, with the development of advanced fermentation technology in the region, plant-based protein manufacturers are now delivering products that are healthier and tastier.
Some key manufacturers operating the business in the fermented Plant Protein market globally include
Many major manufacturers are investing in fermented plant proteins as they are very cost-efficient to produce because they use low-cost raw materials and are generated by microorganism fermentation, which needs very little driving energy and reagents.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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The Fermented Plant Protein market is expanding rapidly as food scientists and manufacturers invest heavily in developing new ways to use fermentation technology to advance fermented plant-based protein products.
Ajinomoto, DuPont Chr. Hansen, FIT-BioCeuticals Ltd. BASF, Cargill, Genuine Health, Body Ecology Inc, Jarrow Formulas, Sotru are the top players in the Fermented Plant Protein market.
Because vegans and vegetarians make up a large market segment in the United States and Canada, the Fermented Plant Protein market will generate the majority of its revenue in North America.