Plant Based Proteins Market | Global Share, Trend Analysis Report

Plant Based Protein Market Report, By Type (Soy, Pea), Form (Isolated, Concentrated, Textured), Application (Bakery, Beverage, Nutritional, Dietary Supplement) and Geography- Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10043 | Publish Date : Dec 2018 | Industry : Food_Beverage | Geography : Global

Dietary proteins represent a key concern for the future regarding worldwide food security. Besides animal sources, plant proteins represent an opportunity to mainly contribute to protein demand. Whether some plant protein sources could appear as deficient in some essential amino acids, mixtures from different sources could represent opportunities to further propose adapted supply regarding specific demand. Such opportunities include legumes as well as by-products of oil processing, i.e. canola and sunflower cakes. The nutritional benefits of such new sources are still under investigation considering benefits and limits like allergenicity. Finally, consumer behaviour and acceptability remain the final bottleneck for developing new protein sources.

Market Dynamics- Global Plant Based Proteins Market

The global plant based proteins market is projected to grow substantially over the forecast period. Rising health concerns related to meat and animal protein consumption is likely to prompt the market over the years to come. The excessive consumption of meat and meat products or high meat diet may lead to various chronic diseases or disorders of bone & calcium balance, may increase the risk of cancer, liver disorders, hypertension, kidney disease, heart disease and many other chronic and fatal medical conditions. The increasing rate of chronic and fatal diseases due to excessive consumption of meat especially red meat is driving the demand for plant based protein sources.

Plant Based Proteins Market Segmental Overview

The report analyses global plant based proteins market based on product, ingredient, mode of application, formulation, application and geography. 

Plant Based Proteins Market by Type

Wheat protein, soy protein, pea protein and others are the various plant based protein products covered in this study. In 2019, the soy protein dominated the plant based protein market owing to growing demand for high proteins source, increasing trend of veganism and vegan diet. However, owing to increase of lactose and gluten intolerant population followed by high protein and iron level, pea protein is predicted to spur the segment demand in the years to come.

Plant based proteins Market by Form

The plant based proteins are largely available in isolated, concentrated and textured form. Among these, isolates had a majority of the share of the total plant based protein market in 2019. Owing to high protein content, with low carbohydrate and fat percentage coupled with high bioavailability, the protein isolate is gaining high market share. The protein concentrates are relatively cheaper as compared to real meat, and thus boosted its demand across food application.

Plant based proteins Market by Application

Plant based proteins find major applications in bakery, beverage, nutritional and dietary supplement, meat extender and substitute and others. Among these, the nutritional and dietary supplement has dominated the application segment by accounting majority of the market share. The growing old aged population has resulted higher demand for nutritional and dietary supplement in order to fulfil the demand for essential nutrients. With increasing product demand from health conscious population, gym enthusiast and body builders are likely to elevate the segment demand.

Plant based proteins Market by Geography

Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. In order to fulfil the food demand of population, higher and advance productive agricultural materials are required. Over the last several decades, there have been remarkable efforts to improve agricultural yields through the extensive application of chemicals that have long-lasting and profound effects on the environment and human being. Therefore, to feed the world population without the damaging environment, the use of plant based proteins is increasing significantly across the globe. This is the main reason that the number of major multinationals has jumped into the plant based proteins market in recent years.

Moreover, the growing demand of organic food is one of the major factors attributed to the growth of the market.  As indicated by Research Institute of Organic Culture, in 2015, 50.9 Mn hectares of agricultural land was used for organic farming. The rising practice of organic farming is expected to fuel the demand for plant based proteins. 

Global Plant Based Proteins Market-Key Players

The major players involved in this market are Bayer Cropscience, BASF, Novozymes, Isagro S.P.A., Certis USA LLC, Marrone Bio Innovations, Camson Bio Technologies Limited, Andermatt Biocontol AG and among others. 

The report analyses global plant based proteins market based on product, ingredient, mode of application, formulation, application and geography. The various plant based proteins products include bioinsecticides, bio fungicide, and bionematicides and among others. Based on ingredients, the study is categorised into microbial, biochemical and plant pesticides. Folair spray, seed treatment, soil treatment and post-harvest are the various modes of application of for the plant based proteins. These plant based proteins are commercially available in liquid and dry form and can be applied to crop-based as well as non- crop based. 

Why to buy this report:

  • The report offers changing market dynamics in the Plant based proteins industry, presenting historical, current and projected market size in terms of volume and value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of plant based proteins market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the plant based proteins market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of plant based proteins market