Growing usage of pea protein in food industry and innovation in the technologies used for extraction of plant-based protein.
Adroit Market Research report on the global plant-based protein market gives the industry a holistic view of the forecast period from 2020 to 2028, including factors such as market dynamics, constraints, opportunities, challenges and regulatory overview. From 2018 to 2028, the demand was evaluated, with a base year forecast for 2019 and a prediction for 2020 to 2028. The study covers the current market status and future characteristics, both at the global and national level. In addition, with Porter's analysis of five strengths, the study also assesses market rivalry and positions leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Plant protein is incorporated into food in order to provide nutritious benefit to various food items. Varieties that can be found in various forms of plant-based diets, including alternatives to dairy and beef, ready meals, confectionery and other types of food, are formed from diverse product sources, such as isolates, concentrates, and even textured proteins. The liquid category is expected to increase at the fastest growth rate due to its heavy use of plant-based milk, food & drinks, and dietary supplements such as shakes and other nutritious beverages. The wet/liquid method of processing is a mainstream technology used for manufacturing plant-derived protein isolates. This manufacturing system requires the consumption of abundant amounts of water and resources. During the extraction of the protein, the source crop is dispersed in water, such that other components, such as carbohydrates, are also removed by ultrafiltration or iso-electric precipitation. With increased demand for plant-based protein in the food and feed markets, demand for plant-based protein obtained from wet processing is expected to remain strong during the forecast period.
During the forecast period, the Asia Pacific region is projected to record the highest growth. Increased intake of vegan food has contributed to an increased demand for food based on plants. The feed industry is also growing in countries such as China, India and Japan, helping to expand the region's plant-based market. Herblink Biotech Corporation (China) and ET Chem are some of the leading players working in the field (China). In addition to regional manufacturers, major international players such as Cargill (US), DSM (Netherlands) and ADM (US) have developed their production and R&D facilities in Asia Pacific countries.
Key Segments of the Global Plant Based Protein Market
Source Overview, 2018-2028 (USD Million)
Type Method, 2018-2028 (USD Million)
Application 2018-2028 (USD Million)
- Dairy Alternatives
- Meat Alternatives
- Performance Nutrition
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America