Plant-Based Protein Global Market Sees Growth Rate Of 10% Through 2022
18 Jan, 2022
The global plant-based protein market size is expected to grow from $13.18 billion in 2021 to $14.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market is expected to reach $21.29 billion in 2026 at a CAGR of 9.9%.
What is the Global Plant-Based Protein Market?
The plant-based protein market consists of sales of proteins by entities (organizations, sole traders, and partnerships) that are derived from plant-based sources. Plant-based proteins are becoming more popular as meat substitutes because they are highly nutritious and include nutrients such as fiber, vitamins, and minerals in addition to proteins.
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What drives the Global Plant-Based Protein Market?
The increasing awareness of health and wellness is expected to propel the growth of the plant-based protein market during the forecast period. Plant-based proteins are good for weight loss and provide building blocks for healthy muscles and tissues. They are high in fiber and contain less amount of calories & fats than animal protein.
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https://www.thebusinessresearchcompany.com/report/plant-based-protein-global-market-reportGlobal Plant-Based Protein Market Segments
The global plant-based protein market is segmented:
By Type: Isolates, Concentrates, Textured
By Source: Soy, Wheat, Pea, Others
By Form: Dry, Liquid
By Application: Feed, Food, Others
By Geography: The regions covered in the plant-based protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global plant protein market.
Plant-Based Protein Global Market Report 2022provides market size and growth forecasts for the global plant-based protein market, global plant-based protein market share, plant-based protein market segments and geographies, plant-based protein market competitive landscape including leading competitors’ revenues, profiles and market shares. The plant-based protein market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Plant-Based Protein Industry Playersinclude Archer Daniels Midland Company (ADM), DuPont Nutrition & Biosciences, Axiom Foods Inc., Cargill, Kerry Group, Ingredion Incorporated, Roquette Freres, Wilmar International Limited, Glanbia Plc, Cosucra Groupe Warcoing SA, Sotexpro, Emsland Group, and PURIS Foods. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.