Press release
Plant Protein Ingredients Market Size to Boost USD 10.27 Billion By 2032 | CAGR 6.3% - Published by Emergen Research
Plant Protein Ingredients Market
The latest research report serves as a perfect example of the precise analysis of the global Plant Protein Ingredients Market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Plant Protein Ingredients industry.
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Drivers of the Plant Protein Ingredients Market :
Several factors are driving the growth of the plant protein ingredients market. Firstly, the rising awareness about health and wellness among consumers is a significant driver. Plant-based proteins are perceived as healthier alternatives to animal proteins due to their lower levels of saturated fats and cholesterol. Additionally, the growing prevalence of lifestyle-related diseases such as obesity, diabetes, and heart diseases has prompted consumers to adopt healthier dietary habits, including incorporating more plant-based foods into their diets. Moreover, the increasing demand for vegetarian and vegan products, coupled with concerns about animal welfare and sustainability, is further propelling the market growth.
Restraints and Challenges
Despite the promising growth prospects, the plant protein ingredients market faces several challenges and restraints. One of the primary challenges is the higher cost of plant-based proteins compared to their animal-derived counterparts. The production and processing of plant protein ingredients often require advanced technologies and infrastructure, leading to higher manufacturing costs. This cost factor can hinder the adoption of plant-based products, especially in emerging economies where price sensitivity is high. Additionally, the taste and texture of plant-based products may not always replicate those of animal-derived products, which could deter some consumers from making the switch.
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The report also discusses the key players involved in the market such as:
ADM, CHS Inc., Fuji Oil Holdings Inc., International Flavors & Fragrances Inc., Kerry Group plc, Nagata India, Nippn Corporation, Shandong Jianyuan Group, Südzucker AG, and Tereos.
The report provides a thorough estimation of the overall impact of the pandemic on the Plant Protein Ingredients Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Plant Protein Ingredients Market
Plant Protein Ingredients Latest Industry News
On 9 August 2023, Novozymes collaborated with Arla Foods components announced for the development of enhanced protein components using precision fermentation. Precision fermentation is a technique used by the biotechnology company Novozymes to fine-tune the molecular output of microbes, allowing for more control over the fermentation process and tailor-made protein compositions.
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Plant Protein Ingredients Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global plant protein ingredients market on the basis of product type, form, application, end-use, functionality, and region:
· Product Type Outlook (Revenue, USD Billion; 2019-2032)
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein
Others
· Form Outlook (Revenue, USD Billion; 2019-2032)
Isolates
Concentrates
Others
· Application Outlook (Revenue, USD Billion; 2019-2032)
Food & Beverages (F&B)
Meat Alternatives
Dairy Alternatives
Bakery and Snacks
Nutritional Supplements
Beverages
Others
Animal Feed
· End-use Outlook (Revenue, USD Billion; 2019-2032)
Retail Consumers
Food Service and Hospitality
Industrial Food Manufacturers
Sports Nutrition and Fitness Industry
Pharmaceutical Industry
· Functionality Outlook (Revenue, USD Billion; 2019-2032)
Emulsification
Foaming
Gelling
Binding
Texturizing
Stabilizing
Others
· Regional Outlook (Revenue, USD Billion, 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of Middle East & Africa
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/plant-protein-ingredients-market
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