Plant Protein Market Value and Growth 2021


Posted February 23, 2022 by Bhargav

Plant Protein Market size was valued at US$ 11.5 billion in 2022 and is predicted to increase at US$ 15.7 billion by 2027, with a CAGR of 7.3% during 2022-2027.

 
Market overview:
Plant Protein Market has been valued $xx billion in the year 2019 and it is estimated to reach $xx billion by the year 2026, with a CAGR of xx % from 2021 to 2026. Plant Protein is simply a meaningful food source of protein which is from plants. This group can include pulses, tofu, soya, temper, seaman, nuts, seeds, certain grains and even peas. Pulses are a large group of plants, which include chickpeas, lentils, beans (such as black, kidney and adzuki beans) and split peas; these are the main factors that have considerably increased the demand for the Plant Protein in the market, thereby driving the huge growth of the Plant Protein market in the upcoming years.

Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Plant Protein in the market is mainly due to the owing to the high protein content and enhanced nutritional benefits, such as added fibber, antioxidants, robotics, and vitamins, manufacturers operating in this space have been compelled to cater to the increasing demand by introducing plant-based ingredients with functional benefits. Consumer acceptance of plant-based foods and beverages has increased in recent years due to a broader range of product availability, enhanced product development, innovation in plant-based proteins, and a broader range of options; these are the main factors that have considerably increased the demand for the Plant Protein in the market, thereby driving the huge growth of the Plant Protein market in the upcoming years

To know more read:
https://www.marketdataforecast.com/market-reports/plant-protein-market

Report is segmented as:
Plant Protein Market is segmented on the basis of by:
By Source (Soy, Wheat and Pea),
By Type (Concentrates, Isolates and Textured)
By Form (Dry and Liquid)
By Application (Food & Beverages, Animal Feed, Supplements and others)

Geographical Segmentation:
Plant Protein Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Plant Protein is due to the rising awareness of healthy and plant-based products these are the main factors that have considerably increased the demand for the Plant Protein in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Plant Protein Market

Impact of COVID-19 on Market
Covid-19 has hugely affected the Plant Protein market growth. The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Plant Protein market.
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Categories Industry , Marketing , Publishing
Tags plant protein market , plant protein share
Last Updated February 23, 2022