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Plant Protein Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Plant

The “Plant Protein Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Plant Protein industry. The information available in the Plant Protein market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Plant Protein market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Plant Protein Market:

  • Archer Daniels Midland
  • Cargill Inc.
  • DuPont Danisco
  • Kerry Group
  • Scoular Company
  • Omega Protein Corporation
  • Roquette Foods
  • Glanbia PLC
  • Amway Corporation
  • Avebe
  • Growing Naturals LLC
  • Puris Foods
  • Manitoba Harvest Hemp Foods

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    Market Overview:

  • The plant protein market was valued at USD 6.37 billion in 2018 and is expected to register a CAGR of 7.0%, during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied and accounted for a share of around 38.6% of the market.
  • The new compositional research and modified high-moisture extrusion process are helping the growth of the plant protein market. For instance, plant protein-based chocolates that are free from animal protein make up for a good demand in the market, for consumers who do not consume dairy. Plant-based milk has observed significant growth in recent years, with an increasing number of people turning to dairy-free options. This innovative product line of ready-to-eat product with no compromise in taste and texture has, in turn, boosted the overall plant protein market.

    Scope of the Report:

  • The plant protein market involves protein ingredients derived from plants as a source. The products considered are manufactured by companies that have their procurement system and farms, as a part of the agribusiness u

    Reasons for Buying Plant Protein Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Incidences of Intolerance for Animal Protein

    The National Institute of Allergy and Infectious Diseases reveal that 90% of food allergy is caused by eggs, milk, fish, red meat, soy, and nuts. Due to animal protein allergies, most of the meat consumers are inclined toward meat substitutes made of vegan protein, which ultimately drives the plant protein market. According to the reference list of allergen data collection, the allergen from chicken meat ranges from 0.5-5% in Southern Europe. Pea protein, earlier recognized as a complete protein with the essential amino acid profile, contains egg like the potential that can be incorporated into several egg-based products, like pasta, vermicelli, cakes, and cookies. According to the United States Center for Disease Control and Prevention, 12.2 million people are suffering from food allergy, of which two-thirds is associated with egg allergy.

    North America Holds a Lion’s Share in the Market

    According to Mordor Intelligence analysis, the share of North American plant protein market was 38.6% in 2018. The demand for plant proteins is growing at a fast rate, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of plant-protein enriched products. The United States continues to capture the largest market share for plant protein, followed by Canada and Mexico. The demand for processed and low cholesterol foods has paved the way for the plant-based protein market, in the region. Nowadays, consumers are switching to other alternative products, such as green label food products, coupled with raising awareness of healthy and plant-based products, due to an increase in the availability of counterfeit products in the market.

    Plant Protein Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Plant Protein Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Wheat Protein
    5.1.2 Soy Protein
    5.1.3 Pea Protein
    5.1.4 Other Products
    5.2 Form
    5.2.1 Protein Isolates
    5.2.2 Protein Concentrates
    5.2.3 Textured Proteins
    5.3 Application
    5.3.1 Bakery
    5.3.2 Meat Extenders and Substitutes
    5.3.3 Nutritional Supplements
    5.3.4 Beverages
    5.3.5 Snacks
    5.3.6 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.1.4 Rest of North America
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Spain
    5.4.2.5 Russia
    5.4.2.6 Italy
    5.4.2.7 Rest of Europe
    5.4.3 Asia – Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 Rest of Asia – Pacific
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Africa
    5.4.5.1 South Africa
    5.4.5.2 Rest of Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Active Companies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Archer Daniels Midland
    6.3.2 Cargill Inc.
    6.3.3 DuPont Danisco
    6.3.4 Kerry Group
    6.3.5 Scoular Company
    6.3.6 Omega Protein Corporation
    6.3.7 Roquette Foods
    6.3.8 Glanbia PLC
    6.3.9 Amway Corporation
    6.3.10 Avebe
    6.3.11 Growing Naturals LLC
    6.3.12 Puris Foods
    6.3.13 Manitoba Harvest Hemp Foods

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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