Global Plant Protein Market 2017-2021

Overview of the global plant protein market

According to Technavio’s market research report, the global plant protein market will grow steadily at a CAGR of more than 8% during the forecast period. The increasing demand for sports nutrition products will drive the growth prospects for the market during the projected period. The growing trend of joining gyms and bodybuilding centers compels individulas to consume sports nutrition products to boost their immunity and strengthen and build muscles. Additionally, trainers in gyms and bodybuilding centers are also encouraging the consumption of sports nutrition products. This will in turn, drive the growth of this global market since plant protein ingredients such as soy proteins and pea proteins are the essential raw materials for sports and nutrition products.

The hectic lifestyle of consumers in the Americas compel them to look for more nutritious substitutes such as plant-based protein products that promote and maintain health conditions. Consumers in this region readily spend on baking products, sports nutrition products, and water-soluble protein powder made from plant proteins. The growing awareness on the health issues such as schaemic heart diseases, cerebrovascular diseases, and diabetes that are related with the consumption of animal protein and the application of plant protein as a meat analog, will be the major factors augmenting the growth of the plant protein market in this region during the next four years.

Competitive landscape and key vendors

The plant protein market consists of regional, local, and international players. These vendors are increasingly competing against each other based on factors such as price, product differentiation, quality, distribution, and promotion. The growing desire for a healthy well-being among consumers will create new growth opportunities for plant protein manufacturers. To cater to the changing preference of the consumers, manufacturers are heavily investing in production activities to come up with innovative varieties of soy milk, oil, tofu, and yogurt products.

Key vendors in this market are -

• Archer Daniels Midland
• Cargill
• DuPont
• Kerry

Other prominent vendors in the market include A&B Ingredients, Agridient, Amway, Axiom Foods, Cosucra, Farbest Brands, Glanbia, GLICO NUTRITION, Growing Naturals, Norben Company, NOW Foods, Roquette, Shandong Jianyuan Foods, The Scoular Company, and Yantai Shuangta Food.

Segmentation by product type and analysis of the plant protein market

• Soy protein
• Wheat protein
• Pea protein

In terms of products, the soy protein segment accounted for the major shares of the plant protein market during 2016. The rise in number of people adopting veganism and the awareness on the health benefits associated with the consumption of soy protein, will be the major factors fueling the growth of this market segment.

Segmentation by application and analysis of the plant protein market

• Food and beverages
• Pharmaceuticals and personal care
• Animal feed

The consumption of sports and nutritional drinks, energy beverages, and bakery products by health-conscious people and athletes will drive the growth of the market in the food and beverages segment. Additionally, the high price of animal protein and the growing popularity of protein bars and ready-to drink products, will also aid in the growth of this market segment. According to this market research report, the food and beverages segment will account for the major shares of the plant protein market throughout the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global plant protein market?
• What are the key market trends impacting the growth of the global plant protein market?
• What are the challenges to market growth?
• Who are the key vendors in the global plant protein market?
• What are the market opportunities and threats faced by the vendors in the global plant protein market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global plant protein market?

Technavio also offers customization on reports based on specific client requirement.

Plant based protein has been in use for a very long time and the majority of plant–based proteins are extracted from cereals and legumes. The quantity of the protein, as well as its quality, is determined according to the adequacy of meeting the nutrition requirement. This upcoming report is an important part of Technavio’s food and beverage industry and offers key insights into quickly growing sectors like food and food service.  . Technavio’s market research reports also provide extensive knowledge about all leading suppliers who hold prominent shares in the food and beverage market space.

To envisage the food industry’s future growth, our industry specialists follow a combination of primary and secondary research methods and also carry out a detailed analysis of many factors like the technological developments and the demand-supply shifts for a variety of markets globally. Additionally, to help clients plan new tactics for market expansion, our upcoming industry research report on the global probiotics market for the forecast period of 2017 to 2021 presents actionable insights derived from the data gathered from sound sources including manufacturers, channel partners, regulatory bodies, and stakeholders.

This upcoming industry research report on the global plant protein market also considers the growth of related markets such as pumpkin seeds, which is expected to grow at a CAGR of nearly 15% by 2021. The upcoming industry research report for the global plant protein market also gives away the market drivers, trends, and the challenges presently faced by the vendors in the food and beverage industry and also offers insights into the markets of alcoholic beverages and non-alcoholic beverages.