Brandessence Market Research recently added the Plant Protein Ingredients Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth, trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.
Increasing awareness about benefits of plant protein ingredients among consumers and changing preference of consumers towards organic protein products as well as rising adoption of veganism owing to human health and environmental concern across worldwide are some important factors driving the growth of plant protein ingredients market.
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Plant protein ingredients are derived from plant sources such soy, pea, potato, wheat, corn, rice and others. Plant protein has nutritional value, it has huge application in food & beverage, cosmetics, pharmaceuticals and animal feed industry. There is various plant based protein available in the market such as pea protein, soy protein, rice protein, potato protein etc. in different form such as powder, liquid. Pea protein is a high quality protein and rich in iron. Pea protein powder is made by extracting protein from yellow peas. It builds muscles and reduces risk of heart diseases. Rice protein is an important plant based protein it is used as ingredients in many products such as in dietary supplements and infant food. Benefits of plant protein ingredients are it is lower in calories and fats than animal protein, helps in reduce weight, keeps gut healthy, improve athletic performance.
Plant protein ingredients market is segmented into source, form, application, region and country. On the basis of source, plant protein ingredients market is segmented into soy, wheat, rice, pea, potato and others. Based on the form, plant protein ingredients market is segmented into powder and liquid. On the basis of application, plant protein ingredients market is segmented into food & beverage, pharmaceuticals, cosmetics, dietary supplements and others.
The regions covered in global plant protein ingredients market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global plant protein ingredients market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Plant Protein Ingredients Manufacturers:
Global plant protein ingredients market reports cover prominent players like,
Cargill, Axiom Food Corporation, Reliance Private Label Supplements, Archer Daniels Midland Company (ADM), Kerry Group PLC, Roquette Frères, Cambridge Commodities Inc., The protein Cluster, Others
Cargill has launched new plant based protein brand “PlantEver”.
News: 30 June 2020- Cargill has launched new brand for plant based protein called “PlantEver” for consumers in china. PlantEver™ is offering two plant-based products, a chicken-alternative nugget and beef-alternative patty. These products provide nutrition value of veggie products. These plant-based protein products are produced locally in Cargill’s facilities in Chuzhou, Anhui Province in China.
Plant Protein Ingredients Market Segmentation –
By Source: Soy, Wheat, Rice, Pea, Potato, Others
By Form: Powder, Liquid
By Application: Food & beverage, Dietary supplements, Pharmaceuticals, Cosmetics, Others
Plant Protein Ingredients Market Dynamics-
The key factor for the growth of plant protein ingredients market is increasing demand of plant based protein among the people. Furthermore, increasing adoption of veganism owing to environmental concern among the consumers is driving the growth of plant protein ingredients market. In addition, increasing consumption of plant based protein owing to health benefits coupled with growing awareness among people effects on meat consumption on environment this drives plant protein ingredients market. Additionally, rising demand of plant protein ingredients in food and beverage, pharmaceutical industry owing to nutritional benefits coupled with product innovation of plant based protein by many manufacturers to alternative to animal based products protein is driving the growth of plant protein ingredients market. However, the factors which restrict the growth of plant protein ingredients is fluctuation in raw material prices owing to dependence on weather condition for crop yield. Moreover, innovation in different form of plant protein ingredients will create huge opportunity in plant protein ingredients market.
Plant Protein Ingredients Market Regional Analysis-
North America is expected to dominate the growth of plant protein ingredients market due to increasing prevalence of obesity in U.S. as plant based protein is very effective for weight loss. According to, Centers for Disease Control and prevention (CDC) the disease of obesity affects about 78 million Americans. Furthermore, increasing consumption of plant based protein in this region drives plant protein ingredients market.
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