Plant Based Protein Market is Expected to reach US$ 23,086.0 Mn with 7.1% CAGR Forecast to 2030 – R&I

    Joey Petter

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    Reports and Insights freshly added a report titled “Plant Based Protein Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Plant Based Protein Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter's five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.

    The plant-based protein market is expected to reach at a value of US$ 23,086.0 Mn by 2030 end at a CAGR of 7.1%.

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    Plant Based Protein Market Introduction

    Protein, as we all know it, is an extremely critical nutrient accountable for the growth, upkeep, maintenance and repair of our bodies. In addition to that, what makes protein all the more crucial is the certainty that the body does not store proteins in a manner it stores fats and carbohydrates – which means that one needs a sustained intake to meet the needs of the body.

    Moreover, according to the Academy of Nutrition and Dietetics, there should be a regular intake of 0.8 grams of protein per kilogram of body weight – that transforms to roughly around 0.35 grams per pound. If an individual is lacking in proteins or fiber, he can easily fulfil it by incorporating certain plant proteins into your diet, such as pulses, peas and nuts. It is important to note that the plant-based proteins tend to be lesser in fats and calories in comparison to animal proteins but greater in fiber and essential nutrients. By switching plant proteins for animal proteins, one can mitigate the caloric intake and boost their regular nutrient profile.

    The increasing demand for protein-rich diets following the increased awareness among consumers with regard to their personal health and well-being is majorly driving the growth of the global plant-based protein market.

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    Plant Based Protein Market Segmentation

    The global plant-based protein market is segmented on the basis of form, type, application, source process, and region.

    By Form

    • Dry/Solid
    • Liquid

    By Type

    • Soy Protein
    • Soy Protein Concentrates
    • Soy Protein Isolates
    • Textured Soy Protein
    • Soy Flour, Grits, and Chunks
    • Wheat Protein
    • Vital Wheat Gluten
    • Wheat Protein Isolates
    • Hydrolysed Wheat Protein
    • Textured Wheat Protein
    • Pea Protein
    • Pea Protein Isolate
    • Pea Protein Concentrate
    • Pea Protein Textured
    • Canola Protein
    • Potato Protein
    • Rice Protein
    • Corn Protein
    • Others

    By Application

    • Food Application
    • Meat, poultry, and seafood
    • Bakery products
    • Meat alternatives
    • Dairy & dairy alternatives
    • Cereals & snacks
    • Beverages
    • Others
    • Feed Application

    By Source Process

    • Organic Plant-Based Protein Ingredients
    • Non-Organic/Conventional Plant-Based Protein Ingredients

    By Region

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa

    Plant Based Protein Market Key Players

    Some of the key participating players in global Plant Based Protein market are:

    • Archer Daniels Midland Company
    • Cargill, Incorporated
    • Roquette Freres Le Romarin, Ingredion Inc.
    • Kerry Group
    • DuPont de Nemours, Inc.
    • Now Foods
    • Tate & Lyle plc
    • Axiom Foods Inc.
    • AMCO Proteins
    • Burcon NutraScience Corporation
    • BENEO GmbH
    • Glico Nutrition Co., Ltd.
    • Glanbia plc
    • Corbion NV
    • Cosucra Groupe
    • Warcoing SA
    • Sotexpro
    • Farbest Brands
    • Crespel & Deiters GmbH & co. kg
    • Wilmar International Ltd.
    • CHS Inc.

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