Expanding Demand: Plant-Based Protein Market Poised for 5.7% CAGR Growth to 2031 | TMR
The increasing focus of health-conscious consumers in finding alternatives to animal-based food is driving the demand for plant-based proteins
WILMINGTON, DE, UNITED STATES, December 20, 2024 /EINPresswire.com/ -- The global plant-based protein market, valued at USD 13.1 billion in 2021, is projected to grow at a CAGR of 5.7% from 2021 to 2031. By the end of the forecast period, the market is expected to exceed USD 22.7 billion, driven by rising consumer demand for sustainable and healthy protein alternatives.Consumers are becoming more health-conscious and are seeking protein sources that are perceived as healthier than traditional animal-based proteins. Plant-based proteins are often seen as lower in saturated fats and cholesterol, making them attractive to health-conscious individuals.
๐จ๐ป๐น๐ผ๐ฐ๐ธ ๐๐๐น๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐: ๐๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=80587
Increased awareness of the environmental impact of animal agriculture, including greenhouse gas emissions and deforestation, has led consumers to opt for plant-based diets as a more sustainable choice. Plant-based proteins generally have a lower carbon footprint compared to animal-based proteins.
Key Takeaways from the Market Study
โข As of 2021, the plant-based protein market was valued at US$ 13.1 billion
โข By form, the isolated segment enjoys high demand, accumulating a high revenue share during the forecast period.
โข Based on product type, the soy protein segment is anticipated to dominate the industry during the forecast period
โข Based on application, the animal feed segment is expected to generate high revenue during the forecast period.
Plant-based Protein Market: Key Trends and Opportunistic Frontiers
โข Food manufacturers and startups are continually innovating in the plant-based protein space, creating a wide range of products, including plant-based meat alternatives, dairy alternatives, protein bars, and snacks. These innovations attract consumers looking for variety in their plant-based diets.
โข The availability of plant-based protein products in mainstream supermarkets, restaurants, and fast-food chains has made them more accessible to a broader consumer base. This expansion in retail and food service outlets has driven market growth.
โข Advances in food technology have led to significant improvements in the taste and texture of plant-based protein products. These improvements have helped overcome taste barriers and encouraged more consumers to try plant-based options.
Competitive Landscape
Plant-based Protein Market: Key Players
Manufacturers are focusing on increasing their presence to reach out to a maximum number of consumers and are focusing on acquiring or partnering with different companies to increase their product portfolio. Some of the key players in the market include
โข AGT Food & Ingredients, Inc
โข Batory Foods
โข Ag Processing Inc
โข Archer-Daniels Midland Co
โข Biopress S.A.S
โข Burcon Nutrascience Corporation
โข Cargill Inc.
โข CHS Inc
โข Cosucra Groupe Warcoing
โข Crown Soya Protein Group
โข Devansoy Inc.
โข E. I. DU PONT DE NEMOURS AND COMPANY
Key Developments in the Plant-Based Protein Market
โข Beyond Meat is known for its plant-based meat alternatives. The company has continually expanded its product portfolio with new offerings, including plant-based burgers, sausages, and meatballs. Beyond Meat has also expanded its distribution globally, entering new markets to meet consumer demand for plant-based protein.
โข Impossible Foods has made significant advancements in plant-based meat technology. The company launched its Impossible Burger, which has gained popularity in restaurants and fast-food chains. It has also expanded its product line to include ground meat and plant-based sausages.
๐ฉ๐ถ๐๐ถ๐ ๐ผ๐๐ฟ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ผ ๐ด๐ฎ๐ถ๐ป ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ถ๐ป๐๐ถ๐ด๐ต๐๐ -https://www.transparencymarketresearch.com/plantbased-protein-market.html
Plant-based Protein Market -Key Segments
Product Type
โข Soy Protein
โข Wheat Protein
โข Pea Protein
โข Others
Form
โข Isolate
โข Concentrate
โข Others
Application
โข Supplement & Nutritional Powder
โข Beverages
โข Protein & Nutritional Bars
โข Bakery & Snacks
โข Breakfast Cereals
Meat Products
โข Dairy Products
โข Infant Nutrition
โข Animal Feed
โข Others
Region
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia
โข Oceania
โข Middle East & Africa
๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ถ๐ป ๐๐ผ๐ผ๐ฑ ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ๐
Mushroom Market: Rise in awareness about medicinal properties of mushrooms is a primary contributor to the mushroom market growth.
Dehydrated Vegetables Market : Estimated to grow at a CAGR of 5.0% from 2023 to 2031 and reach US$ 107.8 Bn by the end of 2031.
๐๐ฏ๐ผ๐๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
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