The Plant-Based Protein Global Market Report 2023, provides comprehensive information on the plant-based protein market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Plant-Based Protein Global Market Report 2023, the global plant-based protein market size grew from $14.7 billion in 2022 to $16.22 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global plant-based protein is expected to grow to $24.89 billion in 2027 at a CAGR of 11.3%.
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Plant-based meat substitutes are gaining significant popularity in the plant-based proteins market. Plant-based meat alternatives are the priority of major companies operating in the plant-based proteins sector attributing to various benefits such as being ecologically friendly, aiding in weight loss, preventing chronic illnesses, and regulating cholesterol and blood sugar levels. For instance, in July 2021, Nature’s Fynd, a US-based company which develops microbe-based proteins for meat and dairy substitutes has raised over $158 million in funds for the launch of its meatless breakfast products including patties, burgers chicken-less nuggets, and others. Additionally, according to the Plant-Based Foods Association, the alternative foods sector exploded in 2020, increasing U.S. retail sales by 27% and boosting the entire market value to $7 billion.
The plant-based protein market is segmented:
1) Plant-Based Protein Market By Type: Isolates, Concentrates, Textured
2) Plant-Based Protein Market By Source: Soy, Wheat, Pea, Other Sources
3) Plant-Based Protein Market By Form: Dry, Liquid
4) Plant-Based Protein Market By Application: Feed, Food, Other Applications
Top Major Players
Archer Daniels Midland Company (ADM)
DuPont Nutrition & Biosciences
North America was the largest region in the plant-based protein market in 2022.
The table of contents in TBRC’s plant-based protein market report includes:
1. Executive Summary
2. Plant-Based Protein Market Characteristics
3. Plant-Based Protein Market Trends And Strategies
4. Plant-Based Protein Market – Macro Economic Scenario
5. Plant-Based Protein Market Size And Growth
………
26. Africa Plant-Based Protein Market
27. Plant-Based Protein Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant-Based Protein Market
29. Plant-Based Protein Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Plant-Based Protein Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Plant-Based Protein Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Plant-Based Protein Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
………
Table 47: Archer Daniels Midland Company (ADM) Financial Performance
Table 48: DuPont Nutrition & Biosciences Financial Performance
Table 49: Axiom Foods Inc. Financial Performance
Table 50: Cargill Financial Performance
Table 51: Kerry Group Financial Performance
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