The global Plant Protein market was valued at US$ 5820 million in 2019 and it is expected to reach US$ 9766 million by the end of 2026, growing at a CAGR of 8.9% during 2021-2026.
Plant protein refers to the protein ingredients extracted from plants like soybean, wheat, rice, pea, etc. Plant proteins have made up a higher proportion of human diet in recent years. They are considered as good meat substitutes for veganism. Rising Global focus on environmental protection, growing health consciousness, are increasing the plant-based protein ingredients market demand and promoting the development of the market.
Based on sources, plant based protein mainly include seeds, pulses (peas, chickpeas, lentils, and beans, etc.) based ingredients and grains (wheat, rice, soy, etc.) based ingredients. Soybeans are the most important source of plant protein ingredients accounting for more than half of global plant protein market share.
Major players in Global Plant Protein market include ADM, Cargill, CHS, DuPont and Cosucra, Roquette, Gushen Group, Manildra, Tereos, Kerry Group. Most of them have Manufacturing plants both in and out of Domestic countries. Other notable players/brands include Yuwang Group, Scents Holdings, Shuangta Food, Glanbia Nutritionals, Oriental Protein, Axiom Foods, Shandong Jianyuan, Glico Nutrition, etc. Market Concentration is relatively low for the Plant Protein market. Top 10 players occupied 52.24% sales share and 53.47% value share in 2019. Many small companies are facing big threat in 2020, due to the Covid-2019 impact and the instability of the international political and economic environment.
Global Plant Protein Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plant Protein Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ADM, Cargill, DuPont, Kerry Group, Manildra, Roquette, Tereos, Axiom Foods, Cosucra, CHS, Glanbia Nutritionals, Glico Nutrition, Gushen Group, Yuwang Group, Scents Holdings, Shuangta Food, Oriental Protein, Shandong Jianyuan and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-plant-protein-market-research-report
Segment by Type
- Soy Protein
- Wheat Protein
- Pea Protein
- Rice Protein
- Potato Protein
- Hemp Protein
- Lupin Protein
Segment by Application
- Food & Beverages
- Pharmaceuticals & Personal Care
- Animal Feed
Table of Content:
1 Plant Protein Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Plant Protein Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Plant Protein Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta