Economic Impact Analysis of COVID19 on Global Plant based Proteins Market Report

Economic Impact Analysis of COVID-19 Pandemic on Global Plant Based Proteins Market Report - Global Market Share, Trend, Economic Indicator Analysis & Forecast , 2019 - 2028

Report Code : 10110 | Publish Date : Sep 2020 | Industry : Food_Beverage | Geography : Global

Plant-based protein products are derived from plant sources such as soy, wheat, and pea. Plant-based proteins are used in protein beverages, dairy alternatives, meat alternatives, proteins bars, nutrition supplements, processed meat, poultry & seafood, bakery, food, and sports nutrition products to enhance their nutritional and functional properties, such as texturing, emulsifying, solubility, stabilizing, and binding.

Plant-based proteins has been well accepted in the established and emerging market. This can be accredited to increasing number of people allergic to animal meat. Besides, growth in health awareness and increase in out of pocket expenditure accelerate the growth of the plant-based proteins market. Furthermore, introduction of added nutritive benefits by various market players are some other aspects that promote the growth of the market. Nevertheless, changing prices of raw materials and high cost attribute to the major restraints for this market. Increasing demand for plant-based proteins by vegan people and introduction of new flavor & variability are projected to deliver lucrative growth opportunities for the plant-based proteins market.

COVID-19 Impact on Global Plant Based Proteins Market

Robust global worries about the pandemic coronavirus have significantly but negatively inclined the global functioning of the food & beverage industry and the mentality of consumers, given the health risks. Moreover, factors such as consumer uncertainties, demand-supply volatility, trade and logistics, raw material supply and on the economic front, although prices of F&B products and agricultural produce have remained stable, a prolonged outbreak of COVID-19 will lead to economic instability and food inflation. While the short-term impacts are more evident, it is yet to be understood what impacts and what magnitude of impact the outbreak of COVID-19 will have on the supply chain in the long term. 

The exclusive COVID-19 Impact Analysis report by Axiom MRC explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the food & beverage sector. The report studies the effect of the pandemic on the global economy by evaluating factors like consumption, GDP, business investment, key players marketing strategies, key supply and demand-side factors and governmental policies & decisions.

Plant Based Proteins Market Segmental Highlights

The global plant based proteins industry is analysed based on type, form, application and geography. Soy and pea proteins are the plant based proteins covered in the report. The plant based proteins market are available in isolated, concentrated and textured form. They find applications bakery, beverage, nutritional products, dietary supplements etc. The global plant based proteins market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. North America was a lucrative region for the plant based proteins market in 2019. The demand for plant proteins is growing at a fast rate, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of plant-protein enriched products.

Plant Based Proteins Market Key Players

The key competitors of this market include Bayer Cropscience, BASF SE, Novozymes, Isagro S.P.A., Certis USA LLC, Marrone Bio Innovations, Camson Bio Technologies, Andermatt Biocontrol AG, Cargill, Kerry Group, DuPont, Roquette Foods, Archer Daniels Midland  among others.

Economic Impact Analysis of COVID-19 on Global Plant Based Proteins Market Report Key Highlights:

  • To Estimate and Forecast Global Plant Based Proteins Market Considering Economic Impact of COVID19 Pandemic 
  • To Study Economic Impact of CVOID 19 Pandemic on Global Plant Based Proteins Market Value Chain 
  • Impact on Global Food & Beverage Industry
  • Economic Impact on Raw Material/ Components Suppliers (Supply Side Analysis)
  • Economic Impact on End users/ Consumer (Demand Side Analysis)
  • Economic Indicators Analysis by Countries and Impact on Plant Based Proteins Market of respective Countries for GDP, Food & Beverage Expenditure, Out of Pocket Expenditure and Government Policies
  • Competitive Landscape including Key Strategies opted by Companies, Company Profiles etc. 

The repercussion of the COVID-19 necessitates a speculative future for economies and industries. Amongst continuous and constant developments, Axiom team of experts will bring to you timely updates about the Global Economic Impact of COVID-19.

Why to buy this report:

  • The report offers changing market dynamics in the Plant Based Proteins market, presenting historical, current and projected market size in terms of 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
  • 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 considering the COVID-19 pandemic