Exponential Growth on Horizon for Plant-Based Protein Market

The global plant-based protein market size is expected to be valued at USD 24.08 thousand units in 2024 and reach USD 46.56 thousand units by 2029, growing at a CAGR of 14.1 % from 2024 to 2029.

Global Plant-Based Protein Market Report Scope:
• Market Size (2029): USD 46.56 thousand units
• Market Size (2024): USD 24.08 thousand units
• CAGR (2024 to 2029): 14.1%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Application, Source and Region
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: Cargill Inc, Archer Daniels Midland, DuPont, Kerry Group, Glanbia PLC, Tate & Lyle PLC, Ingredion Inc, Burcon NutraScience Corp, Axiom Foods, Royal DSM N.V., Sotexpro S.A. and Others. Are playing a dominant role in the plant-based protein market.

The rising number of people's preferences for healthy diet options, especially in urban areas, is eventually a major factor attributed to the surge in the growth rate of the plant-based protein market. Nowadays, people are more inclined to consume healthier food items, certainly from plant-based sources. The plant-based protein food products such as legumes, pea protein, and others are mostly preferable choices as they contain low fat-soluble content and no cholesterol. Rising environmental concerns are also one of the factors enhancing the market size. Plant-based protein sources do not affect the environment in any form. They generate very low carbon emissions when compared with animal-based protein sources. In this modern lifestyle, the demand to adopt plant-based sources to lower the carbon footprints that favor the well-being of every human is surging the growth rate of the market.

Ongoing research and development activities to launch various innovative products using plant-based protein that meet consumers' choices according to their tastes are anticipated to fuel the market share. With the latest technology, there are a number of plant-based recipes available in retail and online stores. Increasing investments in plant-based protein sources are ascribed to eventually bolstering the growth rate of the market. The new launches based on plant-based protein sources are creating huge growth opportunities in the food industry. The response is valued to elevate the share of the market in the coming period. The trend toward the adoption of veganism is adding fuel to the market growth rate. Almost 1.5 million Americans are identified as vegans in 2022, and the number is expected to increase even higher in the coming years. At the same time,88 million people across the world are considered to be vegan. These statistics forecast the growth rate of the plant-based protein market in a positive way.

However, the lack of proper information from public and private organizations to promote newly launched products into the marketplace, especially in undeveloped countries, is a degrading factor for the plant-based protein market size. Low income in remote areas is also to restrain the growth rate of the market. Many people who are sensitive to plant-based sources like soy and wheat are likely to associate with allergies, and this can act as a hindering factor for the market growth rate.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/plant-based-protein-market.

Key Insights from the Report:

• By Type, Based on type, the isolates segment dominated the market and accounted for 46.7% of the global market share in 2023.
• Based on application, Based on application, the dairy alternatives segment emerged as the largest segment in 2023, holding 31.7% of the global market share in 2023.
• Based on Source, the soy segment held 40.9% of the global market share in 2023 and stood as the most dominating segment among all in the worldwide market.
• North America emerged as the top-performing region in the global plant-based protein market in 2023 and held 38.6% share of the worldwide market in 2023 and the domination of the North American region in the global market is estimated to continue throughout the forecast period.
• Cargill Inc, Archer Daniels Midland, DuPont, Kerry Group, Glanbia PLC, Tate & Lyle PLC, Ingredion Inc, Burcon NutraScience Corp, Axiom Foods, Royal DSM N.V., Sotexpro S.A. and Others.

SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
• Isolates
• Concentrates
• Protein Flour
By Application:
• Protein Beverages
• Dairy Alternatives
• Meat Alternatives
• Protein Bars
• Processed Meat
• Poultry & Seafood
• Bakery Product
By Source:
• Soy
• Pea
• Wheat
• Others
By Region:
• North America
• Europe
• APAC
• Latin America
• Middle East & Africa

Browse Regional Reports:
North America plant-based protein market Research Report - segmented by Type, Application, source, and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-plant-based-protein-market

Europe plant-based protein market Research Report - segmented by Type, Application, source, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-plant-based-protein-market

APAC plant-based protein market Research Report - Segmented By Type, Application, source, & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/asia-pacific-plant-based-protein-market

MEA plant-based protein market Research Report - segmented by Type, Application, source, and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-plant-based-protein-market

Latin America plant-based protein market Research Report - segmented by Type, Application, source & Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-plant-based-protein-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Plant-based Protein Market, By Type
6.1.1 Isolates
6.1.2 Concentrates
6.1.3 Protein Flour
6.1.4 Market Size Estimations & Forecasts (2024-2029)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Plant-based Protein Market, By Source
6.2.1 Soy
6.2.2 Pea
6.2.3 Wheat
6.2.4 Market Size Estimations & Forecasts (2024-2029)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Plant-based Protein Market, By Application
6.3.1 Protein Beverages
6.3.2 Dairy Alternatives
6.3.3 Meat Alternatives
6.3.4 Protein Bars
6.3.5 Processed Meat
6.3.6 Poultry & Seafood
6.3.7 Bakery Products
6.3.8 Market Size Estimations & Forecasts (2024-2029)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Source
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Source
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Source
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Source
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Source
7.6.4 By Application
8. Key Player Analysis
8.1 Cargill Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Archer Daniels Midland
8.3 DuPont
8.4 Kerry Group
8.5 Glanbia PLC
8.6 Tate & Lyle PLC
8.7 Ingredion Inc
8.8 Burcon NutraScience Corp
8.9 Axiom Foods
8.10 Royal DSM N.V.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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MarketDataForecast
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Phone: 81217 75951
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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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