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plant-based protein market

The global plant-based protein market reached a revenue of $11,104.3 million in 2020 and it is predicted to advance at a CAGR of 9.2% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will attain a value of $26,721.3 million by 2030. The major factors driving the market are the growing intolerance of people to animal protein, surging customersu2019 expenditure, and rising public awareness about healthy plant-based foods.

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plant-based protein market

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  1. ©P&SIntelligence.Allrightsreserved1 Plant-BasedProteinMarketBeingPropelledByGrowingIntolerancetoAnimalProtein

  2. Theglobalplant-basedproteinmarketreachedarevenueof $11,104.3millionin2020anditispredictedtoadvanceataCAGRof9.2%from2020to2030(forecastperiod).Accordingtotheestimatesofthemarketresearchcompany,P&SIntelligence,themarketwillattainavalueof$26,721.3millionby2030.Themajorfactorsdrivingthemarketarethegrowingintoleranceofpeopletoanimalprotein,surgingcustomers’ expenditure,andrisingpublicawarenessabouthealthyplant-basedfoods. Theriseincustomerspendingandrapidimprovementsinthelivingstandardsofpeoplearepushingupthesalesofplant-basedproteinsacrosstheglobe.AspertheWorldBank,thetotalexpenditureofcustomersrosefrom$49.33trillionin2010to $64.130trillionin2019.Furthermore,thegrowingpopularityoftheveganlifestyle,owingtoitseco-friendliness,isalsopositivelyimpactingtheworldwidedemandforplant-basedproteins.Besides,theincreasingincidenceofanimalproteinintoleranceamongpeople,especiallyinWesterncountries,isalsopropellingtheexpansionoftheplant-based protein market. Requestforsamplecopyofthisreport:https://www.psmarketresearch.com/market-analysis/plant-based-protein-market/report-sample Forinstance,lactoseintolerance(intolerancetomilkprotein)israpidlybecomingcommonglobally,astheproteincomponentsinmilktriggerreactionstowhey(milkalbumin)orproteinemulsionsinemulsion(caseins).Allergytowardcow’smilkproteinisthemostcommonformoffoodallergyamongchildrenandaffectsaround2–5%ofthechildpopulationagedbelow3yearsinBrazil.Theplant-basedproteinmarketisclassifiedintoliquidanddry,dependingonform.Betweenthese,thedrycategoryheldlargershareinthemarketbetween2015and2020andthistrendwillcontinueintheforthcomingyearsaswell. Thisisascribedtothecookingadvantagesandeasyhandlingofdryfoodproducts.Inaddition,therequirementfordryfoodproductsisquitehighamongpeoplewhoseekready-to-eatandconvenientmeals.Themarketisalsocategorized,underthetypesegment,intoisolated,concentrated,andtextured.Amongstthese,thetexturedcategoryispredictedtoregisterthehighest

  3. growthrateduringtheforecastperiod,becauseofthefactthattheseproteinsarehighinproteinandfiberandhighlybeneficialforhearthealth.growthrateduringtheforecastperiod,becauseofthefactthattheseproteinsarehighinproteinandfiberandhighlybeneficialforhearthealth. • Browsefullreportat:https://www.psmarketresearch.com/market-analysis/plant-based-protein-market • Geographically,NorthAmericacontributedthehighestrevenuetotheplant-basedproteinmarketinthepast.Thiswasbecauseofthegrowingpreferenceofpeoplefornaturalingredientsinthefoodandbeverageindustryandsurgingconcernsbeingraisedovertherisingprevalenceofobesityintheregion.Inthecomingyears,themarketisexpectedtoexhibitthefastestgrowthintheAsia-Pacific(APAC)region,owingtothegrowingpopulationofvegetarians,risingincomeofpeople,andsoaringrequirementforproteinamongpeopleintheregion. • Hence,itcanbesafelysaidthatthedemandforplant-basedproteinswillsurgesharplyintheupcomingyears,mainlybecauseofthegrowingdisposableincomeofpeople,risingpopularityoftheveganlifestyle,andincreasingintoleranceofpeopletowardanimalproteinacrosstheworld. • MarketSizeBreakdownbySegment • By Source • Soybean • Wheat • Pea • Others By Application • Food • Feed • By Form • Dry • Liquid • By Type • Isolated • Concentrated • Textured • By Region • North America Plant-Based Protein Market • By source • By application • By form

  4. By type • By country – U.S. and Canada • Europe Plant-Based Protein Market • By source • By application • By form • By type • By country – France, Italy, Germany, U.K., Spain, and Rest of Europe • Asia-Pacific (APAC) Plant-Based Protein Market • By source • By application • By form • By type • By country – China, India, Japan, South Korea, Australia, and Rest of APAC • Latin America (LATAM) Plant-Based Protein Market • By source • By application • By form • By type • By country – Brazil, Mexico, and Rest of LATAM • Middle East and Africa (MEA) Plant-Based Protein Market • By source • By application • By form • By type • By country – Saudi Arabia, South Africa, and Rest of MEA • Analysis of Countries • U.S. Plant-Based Protein Market • By source • By application • By form • By type • Canada Plant-Based Protein Market • By source • By application • By form • By type • Germany Plant-Based Protein Market • By source • By application • By form • By type • France Plant-Based Protein Market

  5. Bysource • Byapplication • Byform • By type • U.K.Plant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • ItalyPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • SpainPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • JapanPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • ChinaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • IndiaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • AustraliaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • SouthKoreaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type

  6. BrazilPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • MexicoPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • SaudiArabiaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type • SouthAfricaPlant-BasedProteinMarket • Bysource • Byapplication • Byform • By type ©P&SIntelligence.Allrightsreserved 3

  7. ©P&SIntelligence.Allrightsreserved4 Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886

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