Report Ocean recently published an extensive intelligence report titled “Plant-Based Protein Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2031.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
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The global plant-based protein market size was US$ 5.9 billion in 2021. The global plant-based protein market is forecast to grow to US$ 9.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 8.1% during the study period from 2022 to 2030.
Factors Influencing the Market
The fact that protein is highly essential for our bodies’ development, maintenance, and repair is primarily driving the growth of the global plant-based protein market. Moreover, plant-based protein is derived from pulses, tofu, seitan, nuts, soya, beans, some grains, etc., which will also benefit the plant-based protein market during the study period.
Plant-based meat substitutes have been described as nutritious protein sources that offer several health benefits when compared to meat. Furthermore, there is a growing emphasis on reducing meat product consumption as a result of the high cost and limited supply of animal proteins in many countries. Thus, all of these factors will drive the demand for plant-based protein in the coming years.
The rising demand for plant-based protein from a variety of end-user industries is a major factor driving market growth. Plant-based proteins are extremely important on a global scale, and there is considerable interest in their ability to meet the increasing demand for protein from non-meat sources. Moreover, innovations like plant-based meat substitutes that look and taste like real meat will also contribute to the growth of the global plant-based protein market during the forecast period.
On the contrary, rising cases of health consequences and allergies associated with the consumption of plant-based protein may limit the growth of the market.
COVID-19 Impact Analysis
The global plant-based protein market has witnessed potential growth opportunities in the last two years due to the COVID-19 outbreak. Health consciousness among people increased due to the wake of the pandemic. Moreover, protein intake became necessary to fight the virus, which led to a rise in the demand for plant-based protein.
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Regional Analysis
The global plant-based protein market is forecast to experience the highest growth rate in North America, owing to the rising awareness about the necessity of protein in the body. Furthermore, the demand for plant protein rapidly increasing because of changing lifestyles, improper diet habits, and increased R&D to produce new types of plant-protein products. Thus, it will fuel the demand for plant-based protein in the coming years. The market may also witness potential growth opportunities due to the surging demand for processed and low-cholesterol foods.
The Asia-Pacific plant-based protein market is forecast to witness several growth opportunities due to the large population of the region. Furthermore, the increasing prevalence of diseases associated with protein deficiency will also contribute to the growth of this regional market during the study period.
Competitors in the Market
Glanbia
Puris
Cosucra Group
Batory Foods
DSM
ADM
DuPont
Kerry Group
Cargill
Other Prominent Players
Market Segmentation
The global plant-based protein market segmentation focuses on Form, Source, Distribution Channel, and Region.
By Form
Dry
Liquid
By Source
Soy
Wheat
Pea
Other
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By Distribution Channel
Convenience stores
Pharmacies
Hypermarkets & supermarkets
E-commerce platforms
Other
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Market in This Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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