Plant Based Protein Products Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR43044
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The plant-based protein products market has the potential to grow by USD 6.04 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.76%.

This plant-based protein products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (soy protein, wheat protein, pea protein, and others) and geography (North America, Europe, APAC, South America, and MEA). The report also offers information on several market vendors, including Archer Daniels Midland Co., Cargill Inc, DuPont de Nemours Inc., and Glanbia Nutritionals Inc., among others.

What will the Plant-Based Protein Products Market Size be in 2021?

Plant-Based-Protein-Products-Market-Market-Size-2020-2025

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Plant-Based Protein Products Market: Key Drivers and Trends

The expanding global vegan population base is notably driving the plant-based protein products market growth, although factors such as increasing number of product recalls may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the plant-based protein products industry get your FREE report sample now.

  • The expanding global vegan population base is one of the key factors driving the plant-based protein products market growth.
  • The number of people adopting vegan lifestyles is increasing owing to the rising awareness about the health benefits of vegan diets.
  • Millennials in the advanced as well as developing economies are preferring vegan diets as they provide more fiber, antioxidants, and beneficial plant compounds.
  • Vegan diets can help in improving kidney function and lowering blood sugar levels.
  • With the rising instances of obesity and other related diseases, there is an increase in the number of health-conscious individuals.
  • The rising awareness about obesity and other related diseases will boost the consumption of products with low fat and calorie content.
  • Consumers are ready to pay a premium price for healthy products that offer various functional benefits. This will further boost the demand for plant-based protein products.

This plant-based protein products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Plant-Based Protein Products Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archer Daniels Midland Co.
  • Cargill Inc
  • DuPont de Nemours Inc.
  • Glanbia Nutritionals Inc.
  • Kerry Group Plc
  • Mann Packing Co. Inc.
  • Omega Protein Corp.
  • PepsiCo Inc.
  • Tate & Lyle Plc
  • The Kroger Co.

 

The plant-based protein products market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the plant-based protein products market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Plant-Based Protein Products Market?

Plant-Based-Protein-Products-Market-Market-Share-by-Region-2020-2025

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40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for plant-based protein products in North America. Market growth in this region will be faster than the growth of the market in MEA.

The expanding vegan population base, increasing awareness about the health benefits of plant-based protein products, and an increasing number of new product launches will facilitate the plant-based protein products market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Plant-Based Protein Products Market?

Plant-Based-Protein-Products-Market-Market-Share-by-Product-2020-2025

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The plant-based protein products market share growth by the soy protein segment will be significant during the forecast period. The various health benefits of soy protein, coupled with the rising popularity of veganism, will increase the demand for soy protein and soy protein-based products during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the plant-based protein products market size.

 

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What are the Key Factors Covered in this Plant-Based Protein Products Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive plant-based protein products market growth during the next five years
  • Precise estimation of the plant-based protein products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the plant-based protein products industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of plant-based protein products market vendors

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Plant Based Protein Products Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 6.04 billion

Market structure

Fragmented

YoY growth (%)

8.34

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Canada, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Archer Daniels Midland Co., Cargill Inc, DuPont de Nemours Inc., Glanbia Nutritionals Inc., Kerry Group Plc, Mann Packing Co. Inc., Omega Protein Corp., PepsiCo Inc., Tate & Lyle Plc, and The Kroger Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Soy protein - Market size and forecast 2020-2025
    • Wheat protein - Market size and forecast 2020-2025
    • Pea protein - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Archer Daniels Midland Co.
      • Cargill Inc
      • DuPont de Nemours Inc.
      • Glanbia Nutritionals Inc.
      • Kerry Group Plc
      • Mann Packing Co. Inc.
      • Omega Protein Corp.
      • PepsiCo Inc.
      • Tate & Lyle Plc
      • The Kroger Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The plant based protein products market growth will increase by $6528.82 million during 2019-2024.
      The plant based protein products market is expected to grow at a CAGR of 9.32% during 2019-2024.
      Technavio has segmented the plant based protein products market by product (Soy protein, Wheat protein, Pea protein, and Others) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (North America, Europe, APAC, and South America).
      Archer Daniels Midland Co., Cargill Inc, DuPont de Nemours Inc., Glanbia Nutritionals Inc., Kerry Group Plc, Mann Packing Co. Inc., Omega Protein Corp., PepsiCo Inc., Tate & Lyle Plc, The Kroger Co. are a few of the key vendors in the plant based protein products market.
      North America will register the highest growth rate of 40.69% among the other regions. Therefore, the plant based protein products market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the plant based protein products market growth are:
      • Expanding global vegan population base
      • Emergence of 3D holograms
      The plant based protein products market vendors should focus on grabbing business opportunities from the soy protein segment as it accounted for the largest market share in the base year.
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