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Plant-based Protein Market Research Insight 2022| Industry Development – Growth Opportunities in Future, Revenue Forecast Up to 2030

InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Plant-based Protein Market by (Source (Soy, Wheat, Pea, and Others), Type (Isolates, Concentrates, and Textured), Form (Dry and Liquid), Application (Foods and Beverage, Animal Feed, Nutrition and Health Supplements, and Pharmaceuticals)) – Market Outlook and Industry Analysis 2030”

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Plant protein is one of the most significant sources of plant-based protein, and several of the most excellent sources of this type of protein include Soy, Wheat, Pea, and Others. Protein production is a significant concern due to the heavy land use and resources required by traditional animal protein sources. Plant-based proteins provide a promising solution since they have a strong practice of use and cultivation, are less expensive to produce, and are widely available in many world regions. Additionally, plant proteins are more environmentally friendly.

Moreover, essential nutrients such as fiber, vitamins, minerals, healthy fats, and antioxidants are naturally found in plant proteins. It typically has low saturated fat, salt, and cholesterol content. This is one of the reasons vegetarian and vegan diets are associated with a decreased risk of disease. Consuming more of these plant-based proteins has been linked to a reduced risk of cardiovascular disease due to improved cholesterol management. Substituting plant proteins for animal proteins may also help to lower blood pressure. Additionally, consuming these foods may assist in reducing the quantity of fat in the blood.

Market Dynamics:

According to new data issued by the Plant-Based Foods Association (PBFA) and The Good Food Institute (GFI), retail sales of plant-based foods in the United States continued to climb in 2020, increasing by 27%. The plant-based food market expanded nearly twice as quickly as the overall retail food market in the United States, which gained 15% in 2020 due to the Covid-19 outbreak. The covid-19 pandemic accelerated the growth of retail sales of plant-based proteins because of increased consumer interest fueled by a renewed focus on personal health, sustainability, food safety, and animal welfare.

Plant-based protein products have witnessed popularity as customers have seen an increase in the variety of options available in supermarkets and restaurants. Demand for meat alternatives increases as consumers shift their protein preferences toward plant-based foods. The market’s expansion is attributable to several factors, including rising consumer spending with nutritional benefits and increased plant-based foods due to naturally occurring fibers, anti-inflammatory micronutrients, antioxidants, and reduced-calorie counts. The plant-based protein trend is gaining momentum, compelling supermarket producers and retailers to increase focus on expanding their online and offline distribution channels to meet increasing consumer demand. The sector’s growth, which includes meat, cheese, milk, and sour cream substitutes, is being fueled by a confluence of consumer behavior, product innovation, and investment trends.

North America dominated the market for plant-based proteins.  Demand for plant proteins has increased in the region, primarily due to the instability of the traditional protein supply chain.  Numerous factors also contribute to the regional market’s growth, including an increased preference for dietary supplements and increased acceptance of plant-based products among the population.

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The following key companies are engaged in the Plant-based Protein market:

Archer Daniels Midland Company , DSM, E.I. Dupont De Nemours and Company , Kerry Group , Cargill Inc., Glanbia plc., Wilmar International , Emsland Group , Puris , Cosucra Group, AMCO Proteins Company , Batory Foods , Roquette Freres , Ingredion Inc., Burcon Nutracience , Sotexpro, AGT Food & Ingredients , Beneo , Prolupin Gmbh , Aminola , Herblink Biotech Corporation , ET  Chem , Shandong Jianyuan Group , The Greenlans LLC , Parabel , Corbion NV, Danone, Farbest Brands, Axiom Foods Inc. , NOW Foods , Tate & Lyle Plc, Crespel & Deiters GmbH & Co. KG, CHS Inc., and Other Prominent Players.

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