Plant-based proteins are considered a more sustainable alternative for animal sourced proteins, with regards to both personal and environmental health.
The global plant-based protein market size was valued at USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
The global plant-based protein market size was valued at USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
According to MarketsandMarkets, the global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
According to MarketsandMarkets, the global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
According to MarketsandMarkets, the global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
According to MarketsandMarkets, the global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 15.6 billion by 2026, recording a CAGR of 7.2% during the forecast period.
North America region accounted for the largest market share in the global plant-based protein market.
North America region accounted for the largest market share in the global plant-based protein market.
North America region accounted for the largest market share in the global plant-based protein market.
The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, recording a CAGR of 7.1% during the forecast period.
The North American market accounted for the largest share in 2020 due to the presence of some of the leading manufacturers such as Cargill (US), ADM (US), DuPont (US), and Puris (US).
The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, recording a CAGR of 7.1% during the forecast period.
The global plant-based protein market size is projected to grow from USD 10.3 billion in 2020 to USD 14.5 billion by 2025, recording a CAGR of 7.1% during the forecast period.
The changing consumer preferences have showcased a growing consumer shift toward adapting to a more nutritional diet centered towards a more sustainable lifestyle and lower dependency on animal proteins.
The organic plant-based protein market has the potential to change the business landscape in the overall plant protein ingredients market.
Plant-based food & beverages have functional health benefits and consist of essential minerals; however, in several cases, the consumption of select sources, such as soy and wheat, has been identified as allergens resulting in cautious consumer acceptance
The organic plant-based protein market has the potential to change the business landscape in the overall plant protein ingredients market.
The major factors expected to drive the growth of the plant-based protein industry are the growing number of product launches, expansions, and investment by major players, consumers cutting down on meat consumption and adopting plant-based proteins.
The major factors expected to drive the growth of the plant-based protein industry are the growing number of product launches, expansions, and investment by major players, consumers cutting down on meat consumption and adopting plant-based proteins
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 etc.
Plant-based proteins are highly versatile and can be used in applications such as meat analogs and meat extenders.
Plant-based proteins are used in protein beverages, dairy alternatives, meat alternatives, proteins bars, nutrition supplements, processed meat, poultry & seafood, bakery etc.
The key players in this market include Cargill (US), Archer Daniels Midland Company (US), DowDuPont (US), Glanbia Plc (Ireland), Kerry Group (Ireland), Tate & Lyle PLC (UK) etc.